What are the major hotel chains ?

Wyndham Hotels & Resorts, a global hotel chain, tops the list of the top hotel corporations by number of properties. Wyndham had about 9,300 units in its global portfolio as of January 2022, making the business a major player in the global hotel market. Marriot International and Choice Hotels International were its closest competitors, with 7,562 and 7,011 properties, respectively.

The hotel property market around the world

Due to a growing worldwide passenger pool, the hotel sector is highly competitive and continues to develop. Because of the competitive nature of the sector, the number of properties a hotel firm owns can fluctuate. This is due to businesses constructing, acquiring, or selling real estate. Wyndham’s acquisition of La Quinta Holdings, for example, will add 927 properties to its portfolio in 2022.

The pipeline for lodging construction

The United States had the biggest number of accommodation building projects in the pipeline internationally in 2021. As of March 2021, there were over 5,000 properties in the development pipeline in the United States. New York had the most new lodging projects in the pipeline of any city in the world, making the United States one of the most productive countries in terms of new lodging construction.

Covid Impact on travel and hotel chains

Major hotel chains have tried to utilize their properties for local resident to minimize the cost during covid, as travel ramp up again in 2022 post covid era. Major hotel chain owners are hopping for boost in revenue .

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