20 World’s Biggest Hotel Corporations

 

20 World’s Biggest Hotel Corporations in 2024

 

20 World’s Biggest Hotel Corporations- According to the Annual Report of Hotel Corporations in 2024, there are 20 World’s Biggest Hotel Corporations. These hotels are popular and can be seen in many countries. With luxurious facilities, and uniqueness of each building, these hotels can attract many people from around the world. Maybe some of us know about these hotels because of their ease of finding these hotels in specific places. Basically, in terms of operational and financial aspects, these hotels have billions of US Dollars of total assets and total revenue.

 

The data of 20 world’s biggest hotel corporations in 2024 were obtained from the Annual Report of each hotel corporation in 2024. The observed data came from the balance sheet and income statement of the corporation, and this data becomes the main source to rank the hotel performance in this article. Here is the rank of 20 world’s biggest hotel corporations based on total assets in 2024. In the table below, we give the total assets and total liabilities data taken from the balance sheet of annual reports in 2024. Meanwhile, Ranking the hotel corporation is arranged based on the total assets in 2024.

 

The Rank of 20 World’s Biggest Hotel Corporations Based on Total Assets in 2024

 

Rank	Name of Hotel Corporations	Total Assets	Total Assets	Total Liabilities	Total Liabilities
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	MGM Resorts	USD 42.2 billion	USD 42.2 billion	USD 38.5 billion	USD 38.5 billion
2	Marriott International Inc. (MAR)	USD 26.1 billion	USD 26.1 billion	USD 30.9 billion	USD 30.9 billion
3	Las Vegas Sands	USD 20.6 billion	USD 20.6 billion	USD 17.5 billion	USD 17.5 billion
4	Hilton Worldwide Holdings Inc. (HLT)	USD 16.5 billion	USD 16.5 billion	USD 20.2 billion	USD 20.2 billion
5	Accor	EUR 12.1 billion	USD 14.4 billion	EUR 6.5 billion	USD 7.7 billion
6	Shangri-La	USD 13.5 billion	USD 13.5 billion	USD 8 billion	USD 8 billion
7	Whitbread	GBP 9.9 billion	USD 13.4 billion	GBP 6.6 billion	USD 8.97 billion
8	Hyatt Hotels Corp. (H)	USD 13.3 billion	USD 13.3 billion	USD 9.5 billion	USD 9.5 billion
9	Host Hotels & Resorts Inc. (HST)	USD 13 billion	USD 13 billion	USD 6.2 billion	USD 6.2 billion
10	Wynn Resorts	USD 12.9 billion	USD 12.9 billion	USD 13.9 billion	USD 13.9 billion
11	Galaxy Entertainment	HKD 94.6 billion	USD 12.3 billion	HKD 18.2 billion	USD 2.4 billion
12	Oriental Land	JPY 1,438 billion	USD 9.3 billion	JPY 461 billion	USD 2.9 billion
13	H World Group	USD 8.57 billion	USD 8.57 billion	USD 6.89 billion	USD 6.89 billion
14	Ryman Hospitality Properties	USD 5.21 billion	USD 5.21 billion	USD 4.28 billion	USD 4.28 billion
15	Wynn Macau	HKD 39.1 billion	USD 5.1 billion	HKD 62.3 billion	USD 8.1 billion
16	InterContinental Hotels Group PLC (IHG)	USD 4.7 billion	USD 4.7 billion	USD 7.05 billion	USD 7.05 billion
17	Wyndham Hotels & Resorts Inc. (WH)	USD 4.2 billion	USD 4.2 billion	USD 3.57 billion	USD 3.57 billion
18	Kangwon Land	KRW 4,540 billion	USD 3.1 billion	KRW 761 billion	USD 0.66 billion
19	Choice Hotels International	USD 2.53 billion	USD 2.53 billion	USD 2.57 billion	USD 2.57 billion
20	Indian Hotels Corporation	INR 177 billion	USD 1.94 billion	INR 53 billion	USD 0.58 billion
Source: Annual Report, 2024
Origin Currency: Currency which is officially used in Annual Report 2024
US Dollar: Converted Currency from Origin Currency to US Dollar based on Currency Rates
Currency Rates:
	1 Japanese Yen (JPY) = 0.0065 US Dollar (USD)
	1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD)
	1 Euro (EUR) = 1.19 US Dollar (USD)
	1 Poundsterling (GBP) = 1.36 US Dollar (USD)
	1 South Korean Won = 0.00069 US Dollar (USD)
	1 Indian Rupee (INR) = 0.011 US Dollar (USD)

 

Based on the business performance in 2024, This is the rank of 20 world’s biggest hotel corporations based on the net income. This data was obtained from the income statement of the corporation in 2024. We also give the total revenue as additional data, but we ranked based on the net income.

 

The Rank of 20 World’s Biggest Hotel Corporations Based on Net Income

 

Rank	Name of Hotel Corporations	Total Revenue	Total Revenue	Net Income	Net Income
		Origin Currency	US Dollar (USD)	Origin Currency	US Dollar (USD)
1	Marriott International Inc. (MAR)	USD 25.1 billion	USD 25.1 billion	USD 2.3 billion	USD 2.3 billion
2	Las Vegas Sands	USD 11.2 billion	USD 11.2 billion	USD 1.75 billion	USD 1.75 billion
3	Hilton Worldwide Holdings Inc. (HLT)	USD 11.1 billion	USD 11.1 billion	USD 1.53 billion	USD 1.53 billion
4	Hyatt Hotels Corp. (H)	USD 6.64 billion	USD 6.64 billion	USD 1.29 billion	USD 1.29 billion
5	Galaxy Entertainment	HKD 43.4 billion	USD 5.6 billion	HKD 8.81 billion	USD 1.14 billion
6	MGM Resorts	USD 17.2 billion	USD 17.2 billion	USD 1 billion	USD 1 billion
7	Oriental Land	JPY 679 billion	USD 4.4 billion	JPY 124 billion	USD 0.80 billion
8	Accor	EUR 5.6 billion	USD 6.6 billion	EUR 657 million	USD 0.781 billion
9	Host Hotels & Resorts Inc. (HST)	USD 5.68 billion	USD 5.68 billion	USD 0.707 billion	USD 0.707 billion
10	Wynn Resorts	USD 7.12 billion	USD 7.12 billion	USD 0.639 billion	USD 0.639 billion
11	InterContinental Hotels Group PLC (IHG)	USD 4.92 billion	USD 4.92 billion	USD 0.62 billion	USD 0.62 billion
12	H World Group	USD 3.27 Billion	USD 3.27 Billion	USD 0.425 billion	USD 0.425 billion
13	Wynn Macau	HKD 28.7 billion	USD 3.73 billion	HKD 3.2 billion	USD 0.42 billion
14	Whitbread	GBP 2.92 billion	USD 3.97 billion	GBP 253 million	USD 0.344 billion
15	Kangwon Land	KRW 1,450 billion	USD 1 billion	KRW 437 billion	USD 0.301 billion
16	Choice Hotels International	USD 1.58 billion	USD 1.58 billion	USD 0.299 billion	USD 0.299 billion
17	Wyndham Hotels & Resorts Inc. (WH)	USD 1.4 billion	USD 1.4 billion	USD 0.289 billion	USD 0.289 billion
18	Ryman Hospitality Properties	USD 2.34 billion	USD 2.34 billion	USD 0.280 billion	USD 0.280 billion
19	Shangri-La	USD 2.18 billion	USD 2.18 billion	USD 0.182 billion	USD 0.182 billion
20	Indian Hotels Corporation	INR 65 billion	USD 0.71 billion	INR 13.3 billion	USD 0.15 billion
Source: Annual Report, 2024
Origin Currency: Currency which is officially used in Annual Report 2024
US Dollar: Converted Currency from Origin Currency to US Dollar based on Currency Rates
Currency Rates:
	1 Japanese Yen (JPY) = 0.0065 US Dollar (USD)
	1 Hongkong Dollar (HKD) = 0.13 US Dollar (USD)
	1 Euro (EUR) = 1.19 US Dollar (USD)
	1 Poundsterling (GBP) = 1.36 US Dollar (USD)
	1 South Korean Won = 0.00069 US Dollar (USD)
	1 Indian Rupee (INR) = 0.011 US Dollar (USD)

 

 

Brief description of 20 World’s Biggest Hotel Corporations

 

1. MGM Resorts

 

MGM Resorts International is a multinational corporation that was incorporated in 1986. Basically, this corporation is a holding corporation with various subsidiaries and owns and operates integrated casino, hotel, and entertainment resorts across the United States and in Macau. As of December 31, 2021, this corporation has leased the real estate assets of The Mirage, Luxor, New York-New York, Park MGM, Excalibur, The Park, Gold Strike Tunica, MGM Grand Detroit, Beau Rivage, Borgata, Empire City, MGM National Harbor, MGM Northfield Park, and MGM Springfield.

 

Financially, according to an annual report in 2024, MGM Resorts has total assets of about USD 42.2 billion with total liabilities around USD 38.5 billion. Based on the income statement of 2024, MGM Resorts successfully gained total revenue around USD 17.2 billion with a net income of around USD 1 billion.

 

2. Marriott International Inc. 

 

Marriott International is a multinational hotel corporation that has 8,000 properties operated on 1,423,044 rooms in 131 countries. Historically, this corporation was founded by J. Willard Marriott and Alice Marriott on March 5, 1927. Operational, along with business development, this corporation has 3 quality tiers of service. These are Luxury, Premium, and Select. Luxury offers bespoke and superb amenities and services with Classic Luxury hotel brands include JW Marriott, The Ritz-Carlton, St. Regis, W Hotels, The Luxury Collection, and Bvlgari. Furthermore, Premium categories offer sophisticated and thoughtful amenities and services with brands including Marriott Hotels, Sheraton, Delta Hotels, Marriott Executive Apartments, and Marriott Vacation Club. Distinctive Premium hotel brands include Westin, Renaissance Hotels, Le Méridien, Autograph Collection Hotels, Gaylord Hotels, Tribute Portfolio, and Design Hotels. Meanwhile, select categories are Courtyard, Residence Inn, Fairfield, SpringHill Suites, Four Points, TownePlace Suites, and Protea Hotels. Distinctive Select hotel brands include Aloft Hotels, AC Hotels by Marriott, Element Hotels, and Moxy Hotels.

Financially, according to the annual report published of 2024, Marriott International Inc has total assets of USD 26.1 billion and total liabilities around USD 17.5 billion. In terms of business operational in 2024, Marriott International successfully gained total revenue around USD 25.1 billion and net income around USD 2.3 billion.

 

3. Las Vegas Sands

 

Las Vegas Sands Corp is a multinational hotels corporation that was founded on November 17, 1988, by Sheldon Adelson. Operationally, this corporation has headquartered in Paradise, Nevada, U.S. Along with development of the corporation, this corporation has some properties in the Marina Bay Sands (Singapore), Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao in Macau. Financially, Las Vegas Sands has total assets around USD 20.6 billion with total liabilities around USD 17.5 billion. Based on the income statement, Las Vegas Sands successfully gained total revenue of around USD 11.2 billion and successfully gained net income around USD 1.75 billion.

 

4. Hilton Worldwide Holdings Inc.

Hilton Worldwide Holdings Inc. is a multinational corporation that has several properties and brands across the country. Historically, this corporation was founded by Conrad Hilton on May 31st, 1919. Operationally, this corporation has a central office in Tysons Corner, Virginia, United States. With the business development of the corporation, Hilton worldwide has miscellaneous brands including Conrad Hotels & Resorts, Canopy by Hilton, Curio Collection by Hilton, Hilton Hotels & Resorts, Embassy Suites Hotels, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, Hilton Grand Vacations, and others. Financially, in 2024, according to its annual report, Hilton Worldwide Holdings has total assets around USD 16.5 billion with total liabilities around USD 20.2 billion. Furthermore in 2024, related to business operational, theHilton Worldwide Holdings gained total revenue around USD 11.1 billion with net income around USD 1.53 billion.

 

5. Shangri-La

 

Shangri-La Hotels and Resorts is multinational hotel corporation that was founded in 1971 by Robert Kuok. Operationally, this corporation has a central office in Quarry Bay, Hongkong. As a hotel corporation, Shangri-La has some brands of its products. These are Shangri-La, Hotel Jen, Kerry Hotels, and Traders. Financially, in terms of financial position, Shangri-La has total assets around USD 13.5 billion with total liabilities around USD 8 billion. Based on its business performance in 2024, Shangri-La successfully gained total revenue around USD 2.18 billion and successfully gained net income around 182 million US. Dollar.

 

6. Hyatt Hotels Corp. 

Hyatt Hotels Corporation, or known as Hyatt Hotels & Resorts, is a multinational hotel corporation that was founded on September 27th, 1957, by Hyatt Robert Von Dehn and Jack Dyer Crouch. Operationally, this corporation has some brands including Park Hyatt, Miraval, Grand Hyatt, Andaz, Alila Hotels and Resorts, Thompson Hotels, Hyatt Centric, and Caption by Hyatt. Financially, related to financial position obtained from the balance sheet in 2024, Hyatt Hotels Corporation has total assets around USD 13.3 billion with total liabilities around USD 9.5 billion. Based on the business performance in 2024, the Hyatt Hotels Corporation gained total revenue around USD 6.64 billion and successfully gained net income of around USD 1.29 billion.

 

7. Wynn Resorts

Wynn Resorts is a multinational hotel corporation that was founded by Steve Wynn and Kazuo Okada. Operationally, this corporation has a primary office in Las Vegas Strip, Nevada, USA. Financially, related to financial position obtained from the balance sheet in 2024, Wynn Resorts has total assets around USD 12.9 billion with total liabilities around USD 13.9 billion. Based on the business performance in 2024, the Wynn Resorts gained total revenue around USD 7.12 billion and net income around USD 0.639 billion.

 

8. Host Hotels & Resorts Inc. 

 

 

Host Hotels & Resorts Inc. is a multinational hotel corporation that was founded in 1993. Operationally, this corporation has a primary office in Bethesda, Maryland, United States. Financially in 2024, based on the balance sheet, the Host Hotels & Resorts have total assets around USD 13 billion with total liabilities around USD 6.2 billion. Furthermore, in terms of the business performance in 2024, this corporation is still in positive performance with gaining total revenue around USD 5.68 billion and successfully gained net income around 0.707 billion USD.

 

9. Whitbread

Whitbread is a multinational hotels corporation that has a central office in Houghton Regis, England, UK. Basically, this corporation was founded in 1742 by Samuel Whitbread. Along with development of the corporation, Whitbread served customers in the United Kingdom, United Arab Emirates, Ireland, India, and Germany.

Financially, based on the financial condition in the balance sheet of the corporation, Whitebread has total assets around GBP 9.9 billion or equivalent to USD 13.4 billion with total liabilities around GBP 6.6 billion or equivalent with USD 8.97 billion. In 2024, based on the performance, the corporation gained total revenue around GBP 2.92 billion or equivalent with USD 3.97 billion. Furthermore, the net income of the corporation reached GBP 0.253 billion or equivalent to USD 0.344 billion.

 

10. Accor

 

Accor S.A. is a multinational hotel corporation that was founded in 1967 in Paris, France. Basically, this corporation was founded by Gérard Pelisson and Paul Dubrule. Now, this corporation has a primary office in Tour Sequana, Issy-les-Moulineaux, France. Based on the brands, Accor has many brands. These are Raffles Hotels and Resorts, Fairmont Hotels and Resorts, Raffles Hotels and Resorts, Grand Mercure, Pullman, Novotel, Ibis, and others.

 

Based on the financial condition in the Balance sheet of 2024, the Accor S.A. has total assets around EUR 12.1 billion or equivalent with USD 14.4 billion and total liabilities around EUR 6.5 billion or equivalent with USD 7.7 billion. Based on the corporation's business performance in 2024, Accor gained total revenue around EUR 5.6 billion or equivalent to USD 6.6 billion and net income around EUR 657 million or equivalent to USD 0.781 billion.

 

11. Galaxy Entertainment

 

Galaxy Entertainment Group is a hotel corporation that was founded in 1988 by Lui Che Woo. Operationally, this corporation has a central office in Hong Kong. Basically, this corporation has some properties, and casinos include The StarWorld Macau, CityClub casinos, Waldo Casino President Casino, Rio Casino, Broadway Casino, and The Galaxy Macau.

 

Based on the financial condition in the Balance sheet in 2024, Galaxy Entertainment has total assets around HKD 94.6 billion or equivalent to USD 12.3 billion with total liabilities around HKD 18.2 billion or equivalent to USD 2.4 billion. In the business performance of 2024, Galaxy Entertainment successfully gained total revenue reaching HKD 43.4 billion or equivalent to 5.6 billion USD with net income around HKD 8.81 billion or equivalent to 1.14 billion USD.

 

12. H World Group    

H World Group or formerly known as Huazhu Hotels Group Ltd is a Chinese Hotel corporation that was founded by Ji Qi in 2005. Operationally, this corporation has a primary office in Changning District, Shanghai, China. Along with business development of the corporation, Huazhu has some hotels. These hotels are Steigenberger Icons, Porsche Design Hotels, Song Hotel, Joya Hotel, Blossom Hill Hotels & Resorts, and Steigenberger. Based on financial condition, the H World Group has total assets around USD 8.57 billion and total liabilities around USD 6.89 billion. In 2024, related to business performance, the H World Group gained total revenue around USD 3.27 billion and successfully gained net income of around USD 0.425 billion.

 

13. Oriental Land

 

The Oriental Land Corporation is a Japanese hotel corporation that was founded on July 11, 1960. Operationally, this corporation has a central office in Urayasu, Chiba, Japan. Along with development this corporation has managed some properties including Tokyo Disney Resort, Milial Resort Hotels, Maihama Resort Line.

 

Financially, according to the balance sheet of the corporation, the Oriental Land Corporation has total assets around JPY 1,438 billion or equivalent to USD 9.3 billion and total liabilities around JPY 461 billion or equivalent to USD 2.9 billion. Based on the business performance in 2024, the Oriental Land Corporation gained total revenue around JPY 679 billion or equivalent to USD 4.4 billion and net income around JPY 124 billion or equivalent with USD 0.80 billion.

 

14. Wynn Macau

 

Wynn Macau is   developer, owner and operator of two integrated destination casino resorts, namely Wynn Palace (a 6 million square foot integrated resort, was opened to the public on 22 August 2016 in the Cotai area of Macau) and Wynn Macau (a 3 million square foot integrated resort, was opened to the public on 6 September 2006 in the heart of the Macau Peninsula), located in the Greater Bay Area region of the People’s Republic of China. 

Financially, in terms of financial position obtained from the balance sheet of 2024, Wynn Macau has total assets of around HKD 39.1 billion or equivalent with USD 5.1 billion and total liabilities of around HKD 62.3 billion or equivalent with USD 8.1 billion. Furthermore, in the year 2024, Wynn Macau successfully gained total revenue of HKD 28.7 billion or equivalent with USD 3.73 billion with net income of around HKD 3.2 billion or equivalent with USD 0.42 billion.

 

15. Wyndham Hotels & Resorts Inc. (WH)

 

Wyndham Hotels & Resorts, Inc. is a multinational hotel corporation that was founded by Trammel Crow in 1981. Operationally, this corporation has a primary office in Parsippany, New Jersey, USA. Based on its brand, this corporation has some brands including Registry, Wyndham Grand, Dolce Hotels and Resorts, Wyndham. Financially, according to the annual report published for 2024, the Wyndham Hotels & Resorts has total assets around USD 4.2 billion with total liabilities around USD 3.57 billion. Based on the business performance in 2024, the corporation has total revenue around USD 7.12 billion with net income around USD 0.639 billion.

 

16. InterContinental Hotels Group PLC (IHG)

 

InterContinental Hotels Group PLC is a multinational hotel corporation that was founded in April 2003 by Juan Trippe. Operationally, this corporation has a central office in Denham, Buckinghamshire, England, UK. Some of the hotel brands are Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Vignette Collection, Hotel Indigo, and others. Financially, this InterContinental Hotels Group has total assets around USD 4.7 billion with total liabilities around USD 7.05 billion. Based on business performance in 2024, the InterContinental Hotels Group successfully gained total revenue around USD 4.92 billion with net income around USD 0.62 billion.

 

17. Ryman Hospitality Properties

 

Ryman Hospitality Properties, Inc. is an American based hotel corporation that was founded in 1925 by Edward Gaylord. Operationally, this corporation has a primary office in Nashville, Tennessee, U.S. Based on the financial conditions in 2024, the Ryman Hospitality Properties has total assets around USD 5.21 billion with total liabilities around USD 4.28 billion. On the business performance in 2024, the Ryman Hospitality Properties successfully gained total revenue around USD 2.34 million and successfully gained net income around USD 280 million.

18. Kangwon Land

 

Kangwon Land is South Korean based corporation that has a central office in 265 High1-gil, Jeongseon-gun, Gangwon-do. Financially in 2021, the corporation has assets around KRW 4,540 billion or equivalent to USD 3.1 billion and total liabilities around KRW 761 billion or equivalent to USD 660 million. Financially, based on business performance, the Kangwon Land gained total revenue around KRW 1,450 billion or equivalent to USD 1 billion and successfully gained net income of KRW 437 billion or equivalent to USD 0.301 billion.

 

19. Choice Hotels International

 

Choice Hotels International is an American-based corporation that has a primary office in Rockville, Maryland, United States of America. Historically, this corporation was founded in 1939. Nowadays, this corporation has total assets around USD 2.53 billion with total liabilities around USD 2.57 billion. Based on the business performance in 2024, the Choice Hotels International corporation successfully gained total revenue of USD 1.58 billion and reached net income around USD 0.299 billion.

 

20. Indian Hotels Corporation

 

The Indian Hotels Corporation Limited is an Indian-based hotel corporation that was founded by Jamsetji Tata in 1899. Basically, this corporation has some hotel brands including Taj, Vivanta, Ginger, and SeleQtions. Financially, this corporation has total assets around INR 177 billion or equivalent to USD 1.94 billion and total liabilities around INR 53 billion or equivalent to USD 0.58 billion. Based on the business performance in 2024, the Indian Hotels Corporation successfully gained total revenue around INR 65 billion or equivalent to USD 0.71 billion and net income of INR 13.3 billion or equivalent to USD 0.15 billion.

 

The Summary of 15 World’s Biggest Hotel Corporations Based on Total Assets in 2024

 

The Summary of 15 World’s Biggest Hotel Corporations Based on Net Income in 2024

 

 

 

 

Bibliography of 20 World’s Biggest Hotel Corporations in 2024

 

MGM Resorts. 2026. Annual Report 2024. Accessed via https://investors.mgmresorts.com/investors/financial-info/annual-reports/default.aspx  on January 5th, 2026.

 

Marriott International Inc. 2026. Annual Report 2024. Accessed via https://investors.mgmresorts.com/investors/overview/default.aspx  on January 5th, 2026.

 

Las Vegas Sands. 2026. Annual Report 2024. Accessed via https://investor.sands.com/home/default.aspx  on January 5th, 2026.

 

Hilton Worldwide Holdings Inc. 2026. Annual Report 2024. Accessed via https://ir.hilton.com/financial-reporting/annual-reports   on January 5th, 2026.

 

Shangri-La. 2026. Annual Report 2024. Accessed via https://www.shangri-la.com/group/investors/public-disclosures   on January 5th, 2026.

 

Hyatt Hotels Corp. 2026. Annual Report 2024. Accessed via https://investors.hyatt.com/investor-relations/financial-reporting/annual-reports/default.aspx  on January 5th, 2026.

 

Wynn Resorts. 2026. Annual Report 2024. Accessed via https://wynnresortslimited.gcs-web.com/sec-filings-disclaimer  on January 5th, 2026.

Host Hotels & Resorts Inc. 2026. Annual Report 2024. Accessed via https://ir.hosthotels.com/annual-reports  on January 5th, 2026.

 

Whitbread. 2026. Annual Report 2024. Accessed via https://www.whitbread.co.uk/investors/results-reports-and-presentations/  on January 5th, 2026.

 

Accor.2024. 2026. Annual Report 2024. Accessed via https://group.accor.com/en/hotel-development/Optimise-your-costs/Procurement  on January 5th, 2026.

 

Galaxy Entertainment. 2026. Annual Report 2024. Accessed via https://www.galaxyentertainment.com/en/investor/financial-reports  on January 5th, 2026.

 

Huazhu Group Ltd. 2026. Annual Report 2024. Accessed via https://ir.hworld.com/  on January 5th, 2026.

 

Oriental Land. 2026. Annual Report 2024. Accessed via http://www.olc.co.jp/en/ir/library/annual.html  on January 5th, 2026.

 

Wynn Macau. 2026. Annual Report 2024. Accessed via http://en.wynnmacaulimited.com/financial-information/annual-reports  on January 5th, 2026.

 

Wyndham Hotels & Resorts Inc. 2026. Annual Report 2024. Accessed via https://investor.wyndhamhotels.com/financial-information/all-sec-filings  on January 5th, 2026.

InterContinental Hotels Group PLC. 2026. Annual Report 2024. Accessed via https://www.ihgplc.com/en/investors/annual-report  on January 5th, 2026.

 

Ryman Hospitality Properties. 2026. Annual Report 2024. Accessed via https://ir.rymanhp.com/financial-information/annual-reports  on January 5th, 2026.

 

Kangwon Land. 2026. Annual Report 2024. Accessed via https://kangwonland.high1.com/kangwonland_eng/selectBbsNttList.do?bbsNo=53&key=384  on January 5th, 2026.

 

Choice Hotels International. 2026. Annual Report 2024. Accessed via http://investor.choicehotels.com/investor-home  on January 5th, 2026.

 

Indian Hotels Corporation. 2026. Annual Report 2024. Accessed via https://www.ihcltata.com/investors/  on January 5th, 2026.

 

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