a group of hotels which belong to the same company or owner, or are associated in some way.
The difference between hotel chains and hotel groups is that the latter have multiple subsidiary brands, allowing the hotel to greatly differ their services, products and prices offered with hotels that differ in characteristics. A hotel that is part of a Hotel Chain is known as a chain hotel.
|Parent Company||Parent Company Rooms||Brand Rooms|
|Wyndham Hotels & Resorts||546,716||147,462|
|Choice Hotels International||482,743||135,441|
Sixty years later, Marriott International is the largest hotel company in the world, made up of more than 5,700 properties and spread throughout 110 countries with 30 total brands.
|Rank||Hotel Chain||Number of Properties|
|4||InterContinental Hotels Group||5,070|
Hilton Hotels & Resorts was the most valuable hotel brand in 2020, with a global brand value of approximately 10.83 billion U.S. dollars. Other major hotel brands in the ranking included Marriott, Holiday Inn, and Hyatt.
Ellsworth M Statler is an American national who initiated the concept of chain hotels during 1920s.
An Independent and chain hotel operates in an environment which is competitive and has a number of layers. Nowadays, the hospitality industry has truly become an international industry & is speedily becoming a global industry!
A Hotel Group can be either a Hotel Chain or a Hotel Franchise. It means that the hotels of that particular group are under the same management and belong to the same brand of hotels.
Usually built from charming old houses, bed and breakfasts possess an atmosphere intended to make guests feel like they are truly staying in a home. If you’re the kind of traveler who enjoys interacting with new people during your trips, a stay in a bed and breakfast might just be perfect for you.
1. Burj Al Arab, Dubai. The Burj Al Arab has often been described as the world’s first “seven-star hotel” or “the most luxurious hotel in the world” since opening its doors in 1999.
|Characteristic||Number of properties|
|Choice Hotels International||7,118|
|InterContinental Hotels Group (IHG)||5,895|
|Best Western Hotels & Resorts||4,131|
The company has two revenue streams: Management Fee Revenues – Revenues Marriott earns through managing/franchising properties; they include base management fees, franchise fees, license fees, and incentive management fees.
Marriott International’s top competitors include Hilton Worldwide, Hyatt Hotels, Intercontinental Hotels, Millennium & Copthorne, Four Seasons Hotels and Resorts and Wyndham Destinations.
The profit, or the money you get to take home, is the money that’s made after all the business expenses are paid off. While the industry is pretty tight-lipped about it, it’s estimated that the average profit turned by a hotel chain owner is between $40,000 and $60,000 per year (source).
Its portfolio of brands includes Marriott Hotels, Sheraton, Westin, The Ritz-Carlton, Renaissance Hotels, Fairfield by Marriott, and more.
Hotels and Restaurants are both business establishments that cater to different needs of customers. The basic aim of a hotel is to provide accommodation whereas the basic aim of a restaurant is to provide food and drink. This is the main difference between hotel and restaurant.
A Boutique Hotel is small. It should not have more than 100 rooms, because it has to offer a personal touch to every guest. It is an independent hotel, or part of an “only-boutique” chain. It is located in the city center or in a very trendy area, usually the main shopping one.
A Chain Hotel is a hotel that is part of a series or of a group of hotels operated by the same company or owner. … Booking a Chain Hotel gives the guest the benefits of standardised services and quality (he knows exactly what to expect and avoids ‘bad surprises’) as well as loyalty program benefits (points and bonuses).
More independent hotels are either joining the big chains or shutting their doors. Thirty years ago, about two-thirds of all hotels were independent, according to the hotel data company STR. Today, less than 40 percent are independently owned and run. … Accor had 3,600 hotels and 14 brands in 2013.
An Independent Hotel is a hotel that is independently owned and run. It doesn’t allow any other proprietors to use its name / brand. Basically, all of the hotels which are not related to a hotel chain are considered ‘independent’.
Hotel = Hôtel de Ville (major city hall, whereas a minor town just has a “mairie”.) Hotel = major building (mansion, manor).
The Hotel & Restaurant Approval & Classification Committee (HRACC) inspects and assesses the hotels based on various facilities and services offered.
How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Hilton Worldwide Holdings net worth as of December 23, 2021 is $42.57B. Hilton Worldwide Holdings Inc.
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