In this article, we will discuss the 15 largest hotel chains in the US in 2022. If you want to skip our discussion on the hospitality sector, go directly to the 5 Largest Hotel Chains in the US in 2022.
Despite the rising inflation and interest rates, the pent-up demand for traveling following the ease of COVID-19-related restrictions is showing no signs of weakness. According to a study, 92% of U.S. citizens intend to travel in the next twelve months. Meanwhile, 28% of Americans intend to travel over the Thanksgiving weekend and 31% over the Christmas period. These figures are at the highest level since the start of the COVID-19 pandemic. As a result, the largest hotel chains in the U.S. are experiencing a stellar recovery, with room occupancy recovering back to the pre-pandemic level. Furthermore, the American Hotel and Lodging Association (AHLA) anticipates hotel room revenue to be recorded at $188 billion by the end of 2022. On a nominal basis, it would be higher than the 2019 levels. Experts anticipate the demand for the traveling and hospitality sectors to remain insulated, benefitting some of the largest hotel chains in the U.S., such as Marriott International, Inc. (NASDAQ:MAR), Wyndham Hotels & Resorts, Inc. (NYSE:WH), and Hilton Worldwide Holdings Inc. (NYSE:HLT).
We have chosen the 15 largest hotel chains in the U.S. and have ranked them in terms of the number of properties owned by them as of 2022. Eight of the 15 largest hotel chains in the U.S. are publicly-listed companies, so we have included information regarding the level of hedge fund ownership as of Q3 2022.
Number of Hedge Fund Holders: 30
Number of Properties in the US: 78
Host Hotels & Resorts, Inc. (NASDAQ:HST) is a Maryland-based lodging REIT with 78 hotels containing 42,200 rooms.
On October 25, Chris Woronka at Deutsche Bank maintained a Buy rating on Host Hotels & Resorts, Inc. (NASDAQ:HST) stock with a target price of $24. During Q3, the Maui/Oahu portfolio of the business saw a significant increase in revenue, and experts believe that the continuation of this trend will bring more upside to the stock. To further boost its presence in the Jackson Hole area, Host Hotels & Resorts, Inc. (NASDAQ:HST) took over fee simple interest in the Four Seasons Resort and Residences Jackson Hole for $315 million. Experts believe that the company has a strong balance sheet and is working on multiple growth-related strategies as one of the largest hotel chains in the U.S.
As of Q3 2022, Host Hotels & Resorts, Inc. (NASDAQ:HST) was held by 30 hedge funds.
Number of Hedge Fund Holders: 22
Number of Properties in the US: 220
Apple Hospitality REIT, Inc. (NYSE:APLE) is a Richmond, Virginia-based real estate investment trust (REIT) that has a portfolio of hotels located in developing, high-end suburban and urban markets. The company has a presence in 37 states in the US and has 28,983 guest rooms across its properties.
Being a REIT, Apple Hospitality REIT, Inc. (NYSE:APLE) is mandated to distribute 90% of its taxable income as dividends to shareholders. The stock offers an attractive one-year forward dividend yield of 5.90% as of November 17. Experts believe that the hotel chain has low exposure to leisure demand and has a bigger presence in the upscale segment of the hotel chain, which is expected to remain strong in case of a recession.
Millennium Management raised its stake in Apple Hospitality REIT, Inc. (NYSE:APLE) by 147% during the third quarter of the year.
Number of Hedge Fund Holders: 26
Number of Properties in the US: 664
Hyatt Hotels Corporation (NYSE:H) is a Chicago, Illinois-based hospitality giant.
The company posted its Q3 2022 results on November 3. Hyatt Hotels Corporation (NYSE:H) reported an EPS of 64 cents, surpassing the analysts’ forecast of 25 cents. In a research note issued on September 27, Duane Pfennigwerth at Evercore ISI highlighted that Hyatt Hotels Corporation (NYSE:H) operates on an asset-light revenue model that plays in the company’s favor. Analysts think this model would also aid Hyatt Hotels Corporation (NYSE:H) in generating healthier free cash flows in the long run. The analyst gave Hyatt Hotels Corporation (NYSE:H) stock a target price of $100 in his research report and upgraded it from an In-line rating to an Outperform rating.
Of the 920 hedge funds in Insider Monkey’s database, Hyatt Hotels Corporation (NYSE:H) was held by 30 hedge funds as of Q3 2022.
Number of Properties in the US: 670
Red Roof Inn is a New Albany, Ohio-based hotel chain that has the distinction of being the third biggest budget lodging chain in the US. The company also operates in the midscale segment.
The hotel chain claims to provide a high level of customer experience at an affordable rate. In January 2022, Red Roof Inn surpassed 60,000 rooms under its portfolio. The hotel chain operator recently opened a 51-room hotel in Rocky Mount, Battleboro, North Carolina, in November 2022. Red Roof Inn’s revenue in 2021 was 19% higher in comparison to 2019, making it one of the few brands in the hospitality industry to surpass the pre-pandemic revenue levels.
Number of Properties in the US: 695
Westmont Hospitality Group is a Mississauga, Ontario, Canada-based hospitality management company that operates hotels under franchise agreements with leading hotel chains like Marriott International, Inc. (NASDAQ:MAR) and InterContinental Hotels Group PLC (NYSE:IHG).
The company has emerged as one of the biggest privately-owned hospitality entities in the world. In July 2022, Westmont Hospitality Group, along with hedge fund Angelo Gordon acquired, Madrid-Spain boutique hotel chain Room Mate for an undisclosed amount. Companies like Westmont Hospitality Group are now co-investing with leading hotel chains in developing new properties and then taking over the role of the tenant. This reflects a higher level of alignment between the parties.
Number of Properties in the US: 760
Extended Stay America is a Charlotte, North Carolina-based company that operates a chain of economy hotels across the US and Canada with over 85,000 rooms.
Given the boom in the hospitality industry, the company announced on October 19 that it intends to build 15 new Extended Stay America Premier Suites hotels in partnership with Concord Hospitality and Whitman Peterson. The hotel chain operator provides numerous hotel facilities like a completely operational kitchen and free Wi-Fi that is suitable for short, medium, and long-term hotel stay. The private company generates an approximate annual revenue of $1 billion and recently announced the employment of three industry veterans as part of the company’s Executive Leadership team.
Number of Properties in the US: 1000
Red Lion Hotels Corporation is a Denver, Colorado-based hospitality company that owns and franchises economy, mid-scale and upscale hotels.
The company has eight notable brands under its portfolio that comprise Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, etc. Red Lion Hotels Corporation was acquired by Sonesta International in March 2021. Following the acquisition, Sonesta leveraged the expertise of Red Lion Hotels Corporation and launched its franchising operations. The name Red Lion still resonates with the customer strongly and, as a result, operates as a separate entity under the banner of Sonesta International.
Number of Properties in the US: 1,166
Aimbridge Hospitality is an Arlington, Texas-based third-party hotel management company. The company is at the eighth position in our list of the largest hotel chains in the U.S. in 2022.
On November 15, the company announced the arrival of Patrick Volz as Chief Operating Officer for Global Operations. Mr. Volz brings in an experience of over a quarter of a century along with him. In October 2022, Aimbridge Hospitality announced the expansion of its portfolio through the addition of five new properties that will provide growth to the Select Service business division of the company. Overall, Aimbridge Hospitality has six business divisions under its belt. Experts believe that the relevancy of midscale brands depends upon generating brand relevancy for new guests.
Number of Properties in the US: 1,400
G6 Hospitality is a Carrollton, Texas-based operator and franchisor of economy lodging through its subsidiaries Motel 6 and Studio 6. The company has a presence in 49 states. According to USA Today, Motel 6 was regarded as the “best budget-friendly hotel brand” in 2020.
G6 Hospitality has recently launched the “Light Her Way” program, which is focused on encouraging women to own hotels. The company will provide franchise and guidance services to female entrepreneurs who are interested in owning hotels. Out of the 1,400 properties, the company has 100 locations dedicated to providing extended stay facilities. Experts have a bullish take on the extended stay segment of the lodging industry.
Number of Properties in the US: 2,161
Best Western International, Inc is a Phoenix, Arizona-based hotel network with a significant presence in the US through its various brands and a rich history of 75 years.
During the annual convention held from October 28 to 30, the Chairman of Best Western, John Kelly, appreciated the efforts of CEO Larry Cuculic in making the hotel chain generate more revenue. Mr. Cuculic was brought in during the fall of 2021. During Q3, the company observed an increase in occupancy rate by 16.2% YoY, and revenue per available room (RevPAR) increased by 37.8% YoY. Given the better-than-expected performance, Best Western International intends to give back a rebate of $15 million to its member hotels.
In addition to Best Western International, Inc, Marriott International, Inc. (NASDAQ:MAR), Wyndham Hotels & Resorts, Inc. (NYSE:WH), and Hilton Worldwide Holdings Inc. (NYSE:HLT) are also among the largest hotel chains in the U.S. in 2022.
Click to continue reading and see the 5 Largest Hotel Chains in the US in 2022.
Top 10 Clothing Companies in the World
Biggest Beauty Companies in the World
Biggest Garbage Companies in the US
Disclose. None. 15 Largest Hotel Chains in the US in 2022 is originally published on Insider Monkey.
Old Point Financial ( NASDAQ:OPOF ) Third Quarter 2022 Results Key Financial Results Revenue: US$14.5m (up 11% from 3Q…
Does the November share price for Vera Bradley, Inc. ( NASDAQ:VRA ) reflect what it's really worth? Today, we will…
LRT Capital Management, an investment management firm, released its October 2022 investor letter. A copy of the same can be downloaded here. The results in October were excellent, and its LRT Economic Moat strategy returned 7.38%. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022. LRT […]While it may not be a household name, the company is indispensable for e-commerce vendors with global aspirations, removing the complications that are necessarily a part of international online sales. The company's mission is "Making global e-commerce border agnostic." International online retail represents a vast, untapped opportunity for many entrepreneurs.
Unhappy with the state of the portfolio after miserable 2022 stock market action? You are probably far from alone. Most investors have struggled to make headway in this year’s ongoing bear market, which has provided only short periods of relief. That said, with the year’s end getting ever nearer, Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, thinks the bears are showing signs of exhaustion and this spells good news for battered investors. “You’ve got to adjust your mindset to a
Given CEO Warren Buffett's straightforward investing advice and a long track record of huge returns, it's not surprising that investors closely follow Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) every move. Berkshire's most surprising purchase in the third quarter was Taiwan Semiconductor Manufacturing (NYSE: TSM), the world's largest microchip manufacturer.
‘Rich Dad Poor Dad’ is sounding the alarm — again.
Cano Health (NYSE: CANO), a value-based primary care provider, saw its shares drop 29.5% this week, according to data from S&P Global Market Intelligence. Its stock is likely to bounce back a little next week, as bargain hunters may flock to the stock now that it has hit a 52-week low.
The chief investment strategist at Charles Schwab recommends investors look beyond broad categories of value or growth. "This is time you want to look for great companies without putting blinders on."
Oil stocks have taken a victory lap throughout 2022. Surging commodity prices are bolstering profits at a time when many companies are getting hit with inflation and softening demand. ExxonMobil (NYSE: XOM), Enbridge (NYSE: ENB), and Diamondback Energy (NASDAQ: FANG) each not only pay a dividend but have beaten the S&P 500 over the past year.
2023 could be a big year for both Nio and Rivian, but one EV stock could rebound faster in the near term.
House Democrats have proposed legislation that could end Trump tax cuts for the wealthy and corporations. If passed, this could implement some of the biggest tax increases in decades. But while these tax changes aim to make good on President … Continue reading → The post Tax the Rich: Biden to End Trump Tax Cuts on the Wealthy appeared first on SmartAsset Blog.
With oil companies reporting massive profits after the recent spike in energy prices, many have been turning their attention to oil and gas stocks. One name, for example, that draws consistent attention is Devon Energy (NYSE: DVN), a company with upstream operations that currently offers a mouthwatering forward dividend yield of 7.6%. Despite its popularity, though, smart investors will want to familiarize themselves better with the company, so let's look at some things that provide some insight into this leading energy stock.
The emerging picture of what went wrong suggests the crypto empire was a mess almost from the start, with few boundaries, financial or personal.
With that amount you could buy one of the following growth stocks — or invest in all three. Teladoc Health (NYSE: TDOC) is a leader in the growing market of telemedicine. Moderna (NASDAQ: MRNA) is on its way to becoming more than a coronavirus vaccine stock.
The market is down. But your portfolio doesn’t have to be.
All the top market indices fell into bear market territory on multiple occasions this year. While the market is still down, long-term investors might want to take advantage of some discounted pricing — particularly for dividend stocks. Since dividend yields have an inverse relationship with pricing, there are plenty of high-quality dividend stocks trading at stock prices creating yields 3 to 6 times higher than the average S&P 500 stock.
The implosion, within a few days, of the FTX cryptocurrency exchange is a financial fiasco which has not yet revealed all its implications, collateral damage and accountabilities. FTX is a company which was valued at $32 billion in February and had emerged as the savior of crypto firms weakened by the credit crunch caused by the collapse of sister cryptocurrencies Luna and UST, or TerraUSD, in May. The firm, that was the centerpiece of 30-year-old Sam Bankman-Fried's crypto empire, was considered one of the most influential and financially solid players in the cryptocurrency industry.
Generation Investment exited its investment in Intel, reduced stakes in Shopify and Microsoft, and bought more Twilio shares in the third quarter.
The energy industry can be a great spot for dividend investors. The sector tends to generate lots of cash flow, which companies can return to shareholders via dividends. Enterprise Products Partners (NYSE: EPD), Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A), and NextEra Energy (NYSE: NEE) are three energy dividend stocks that three Fool.com contributors believe are no-brainer buys right now.