Hotel Chains – additional Information
Tourism is one of the largest industries in the world, contributing increasingly large amounts to the global economy. In 2016, the contribution of travel and tourism to the GDP of the U.S. reached 1.5 trillion U.S. dollars; this was forecasted to rise to 2.6 trillion U.S. dollars by 2027. Hotels in the United States are a key part of the travel and tourism industry, generating hundreds of billions of dollars annually. In 2015, U.S. hotel revenues reached 189.5 billion U.S. dollars.
Hotel chains make up a large proportion of travel accommodation in North America. In the U.S., the leading hotel brand, in terms of number of hotels, with the most rooms rooms was Holiday Inn Express in 2015, with over 166 thousand rooms. This was followed by two Marriott International chains, Marriott and Courtyard by Marriott with 126 thousand and 124.7 thousand respectively.
Holiday Inn Express was the leading hotel brand in terms of both number of hotels and rooms. The chain belongs to the brand InterContinental Hotels Group (IHG), which is the the leading hotel group in the world in terms of revenue. The company also owns other leading brands, such as, InterContinental Hotels, Crowne Plaza, Holiday Inn, Stay Bridge Suits and Candlewood Suites. Holiday Inn and Holiday Express generate the highest revenue annually, at around six billion U.S. dollars each.