| 1 | Zunyi Hotel CO., LTD. | China | Zunyi | No.3, Shilong Road, Honghuagang District | Guizhou | 563000 | N/A | 1989 | $131,659,054,857 | 160 | N/A | N/A | 520300000070184 |
| 2 | Hotel De L'europe B.V. | Netherlands | Amsterdam | Nieuwe Doelenstraat 2 | Noord-holland | 1012 CP | leurope.***** | 2020 | $33,002,613,502 | 124 | N/A | N/A | 33003810 |
| 3 | Hanting Starry Sky (shanghai) Hotel Management CO., LTD. Chengdu Xiadong Street Second Bra | China | Chengdu | 23rd to 38th Floors, Building 2, No. 169 East Street, Jinjiang D | Sichuan | 610000 | N/A | 2019 | $28,068,682,861 | 54 | N/A | N/A | 510104500000872 |
| 4 | Marriott International, INC. | USA | Bethesda | 7750 Wisconsin Ave | Montgomery | 20814 | marriott.***** | 1927 | $25,100,000,000 | 418,000 | N/A | N/A | 2798413 |
| 5 | Lhasa Chengguan District Laluga Maqumi Hostel | China | Lhasa | Lasa Ga Maqumi Road | Tibet | 850000 | N/A | 2006 | $22,456,337,191 | 15 | N/A | N/A | 5401001600908 |
| 6 | Hubei Zhongqinglu Shanshui Hotel CO., LTD. | China | Wuhan | Baijie Technology Park, No.5, Fenghuang Avenue, Zanglongdao, Jia | Hubei | 430205 | N/A | 2016 | $21,378,666,803 | 32 | N/A | N/A | 420115000119495 |
| 7 | Marriott International Management Company B.V. | Australia | Sydney | 30 Pitt St | New South Wales | 2000 | N/A | 2000 | $20,773,000,000 | 32 | N/A | N/A | 094976039 |
| 8 | Samsung C&T CORPORATION | Japan | Chiyoda-ku | 2-10-2, Fujimi | Tōkyō | 102-0071 | N/A | 1963 | $18,015,966,680 | 113 | N/A | N/A | 2700150119773 |
| 9 | Mgm Resorts International | USA | Las Vegas | 3600 Las Vegas Blvd S | Clark | 89109 | mgmresorts.***** | 1986 | $17,240,545,000 | 45,000 | N/A | N/A | 2082204 |
| 10 | Novotel Gate Hotel | United Arab Emirates | Abu Dhabi | Bain Jessrain, al Maqta Novotel Gate Hote Building, Sheikh Ahmed | Abu Dhabi | N/A | N/A | 2012 | $16,915,640,000 | 280,000 | N/A | N/A | CN-2241594 |
| 11 | Mumtaz Hotels LIMITED | India | Chennai | 132, Ttk Road | Tamil Nadu | 600018 | N/A | 1990 | $14,302,037,703 | 160 | N/A | N/A | AADCM7414Q |
| 12 | Tianjin Accor Hotel Management CO., LTD. Shanghai Huaya Hotel Management Branch | China | Shanghai | Building C, No. 800 Chengshan Road, Pudong New Area | Shanghai | 200000 | N/A | 2010 | $12,278,127,835 | 16 | N/A | N/A | 310115500091290 |
| 13 | Muling Jinsheng Bathing CO., LTD. | China | Mudanjiang | 12, Muleng Forestry Bureau, Muling | Heilongjiang | 157000 | N/A | 2015 | $11,999,358,449 | 45 | N/A | N/A | 231085100016970 |
| 14 | Las Vegas Sands CORP. | USA | Las Vegas | 5420 S Durango Dr | Clark | 89113 | sands.***** | 1988 | $11,298,000,000 | 40,300 | N/A | N/A | C21244-2004 |
| 15 | Caesars Entertainment, INC. | USA | Reno | 100 W Liberty St Fl 12 | Washoe | 89501 | caesars.***** | 1973 | $11,245,000,000 | 50,000 | N/A | N/A | N/A |
| 16 | Hilton Worldwide Holdings INC. | USA | Mclean | 7930 Jones Branch Dr Ste 1100 | Fairfax County | 22102 | hiltonworldwide.***** | 2010 | $11,174,000,000 | 181,000 | N/A | N/A | 4801182 |
| 17 | Qian'an Hotel | China | Songyuan | East of Junction of Yuxiang Road and Danqing Street, Qian'An Tow | Jilin | 131400 | jlqa.***** | 1989 | $10,412,759,740 | 87 | N/A | N/A | 220723000001316 |
| 18 | Harbin Jinhe Hotel | China | Harbin | No.226, Dongdazhi Street, Nangang District | Heilongjiang | 150001 | N/A | 1996 | $8,686,515,032 | 32 | N/A | N/A | 230103100026033 |
| 19 | Venetian Macau LIMITED | Macao | Taipa | L2/f Venetian Macao Resort Hotel Exe. Office | Taipa | N/A | N/A | 2002 | $8,675,082,696 | 4,000 | N/A | N/A | 15702 |
| 20 | Pernas Oue (kl) Sdn BHD | Malaysia | Kuala Lumpur | 73 Jalan Raja Chulan | Federal Territory of Kuala Lumpur | 50200 | N/A | 1981 | $8,404,239,200 | 3 | N/A | N/A | 078532V |
| 21 | Endeavour Group LIMITED | Australia | Sydney | 26 Waterloo St | New South Wales | 2010 | danmurphys.***** | 2012 | $7,824,954,694 | 201,522 | N/A | N/A | 159767843 |
| 22 | Landmarks Hotels & Realty Sdn BHD | Malaysia | Shah Alam | 7th Flr Building A Peremba Square | Selangor Darul Ehsan | 40150 | N/A | 1971 | $7,684,875,797 | 700 | N/A | N/A | 010897M |
| 23 | Wynn Resorts, LIMITED | USA | Las Vegas | 3131 Las Vegas Blvd S | Clark | 89109 | wynnresorts.***** | 2002 | $7,127,961,000 | 28,000 | N/A | N/A | C14059-2002 |
| 24 | Sands China LTD. | Hongkong | Kwun Tong District | 5/f Manulife Place | Kwun Tong District | N/A | N/A | 2009 | $7,080,000,000 | 40 | N/A | N/A | 51259672 |
| 25 | Hyatt Hotels CORPORATION | USA | Chicago | 150 N Riverside Plz Fl 8 | Cook | 60606 | hyatt.***** | 1957 | $6,648,000,000 | 227,000 | N/A | N/A | 3838478 |
| 26 | Penn Entertainment, INC. | USA | Wyomissing | 825 Berkshire Blvd Ste 200 | Berks | 19610 | pennentertainment.***** | 1972 | $6,578,100,000 | 23,118 | N/A | N/A | 0000724866 |
| 27 | Shanxi Jinguang Express Hotel Management Co.,ltd. Yingbin Outlet | China | Taiyuan | No.19, Taiyu Road, Xiaodian District | Shanxi | 030009 | jinjianginns.***** | 2008 | $6,427,703,069 | 17 | N/A | N/A | 140105200052520 |
| 28 | Hubei Zhongqinglu Shanshui Hotel CO., LTD. Baixianlou Catering Branch | China | Wuhan | Floor 2, Phase 2, Baijie Technology Park Hubei Zhongxiaoqiyexinx | Hubei | 430000 | N/A | 2016 | $6,364,550,515 | 0 | N/A | N/A | 420115000133803 |
| 29 | Grand Horizons PTY LTD | Australia | Sydney | 1 Woolworths Way | New South Wales | 2153 | N/A | 2018 | $6,194,456,815 | 201,413 | N/A | N/A | 628566469 |
| 30 | Host Hotels & Resorts, L.P. | USA | Bethesda | 6903 Rockledge Dr Ste 1500 | Montgomery | 20817 | st-regis.***** | 1998 | $5,684,000,000 | 165 | N/A | N/A | 2885265 |
| 31 | Hilton Grand Vacations INC. | USA | Orlando | 6355 Metrowest Blvd Ste 180 | Orange | 32835 | hiltongrandvacations.***** | 1992 | $4,981,000,000 | 21,800 | N/A | N/A | 6031492 |
| 32 | La Quinta Holdings INC. | USA | Irving | 909 Hidden Rdg Ste 600 | Dallas | 75038 | wyndhamhotels.***** | 2018 | $4,734,007,099 | 7,426 | N/A | N/A | 5445099 |
| 33 | Minor International Public Company LIMITED | Thailand | Khlong Toei | 88 Ratchadaphisek Road | Bangkok | 10110 | minor.***** | 1993 | $4,675,668,862 | 840 | N/A | N/A | 0107536000919 |
| 34 | Veriu Docklands PTY LTD | Australia | Melbourne | Suite 401 Level 4 11 Queens Road | Victoria | 3004 | N/A | 2021 | $4,123,353,486 | 40 | N/A | N/A | 648892746 |
| 35 | Boyd Gaming CORPORATION | USA | Las Vegas | 6465 S Rainbow Blvd | Clark | 89118 | boydgaming.***** | 1975 | $3,930,194,000 | 16,129 | N/A | N/A | C4591-1988 |
| 36 | Marina Bay Sands PTE. LTD. | Singapore | Singapore | 10 Bayfront Avenue | Singapore | 018956 | marinabaysands.***** | 2005 | $3,929,180,565 | 160 | N/A | N/A | 200507292R |
| 37 | Travel + Leisure CO. | USA | Orlando | 6277 Sea Harbor Dr | Orange | 32821 | travelandleisureco.***** | 1990 | $3,864,000,000 | 19,000 | N/A | N/A | 3664441 |
| 38 | Sjm Holdings LIMITED | Hongkong | Sheung Wan | 18/f Shun Tak Ctr China Merchants Twr | Central & Western District | N/A | N/A | 2006 | $3,697,407,797 | 619 | N/A | N/A | 36522715 |
| 39 | Wynn Macau, LIMITED | Hongkong | Causeway Bay | Rm 1928 19/f Lee Gdn One | Wan Chai District | N/A | N/A | 2009 | $3,693,747,647 | 40 | N/A | N/A | 51137046 |
| 40 | Hotel Lotte CO., LTD. | Southkorea | Seoul | 30 Eulji-ro, Jung-gu | Seoul | 04533 | N/A | 1973 | $3,639,615,954 | 4,469 | N/A | N/A | 1048125980 |
| 41 | Whitbread Group PLC | Unitedkingdom | Houghton Regis | Houghton Hall Business Park | Central Bedfordshire | LU5 5XE | whitbread.***** | 1742 | $3,631,433,743 | 34,700 | N/A | N/A | 00029423 |
| 42 | Tibet Fengcuo Hotel Management CO., LTD. | China | Lhasa | No.119, Beijing W. Road | Tibet | 850000 | N/A | 2021 | $3,563,243,691 | 10 | N/A | N/A | 540194100001131 |
| 43 | Melco Resorts (macau) LIMITED | Macao | Taipa | City of Dreams Executive Office (l2m) | Taipa | N/A | N/A | 2006 | $3,331,998,840 | 619 | N/A | N/A | 24325 |
| 44 | H World Group LIMITED | Hongkong | Wan Chai District | 46/f Hopewell Ctr | Wan Chai District | N/A | N/A | 2020 | $3,297,364,147 | 160 | N/A | N/A | 72063054 |
| 45 | Gandhinagar Enterprise LIMITED | India | Gandhinagar | Plot N 235 | Gujarat | 382019 | N/A | 1983 | $3,290,681,115 | 40 | N/A | N/A | AAACG5611J |
| 46 | 1908527 Ontario LIMITED | Canada | Toronto | 1165 Leslie St | Ontario | M3C 2K8 | N/A | 2013 | $3,252,712,000 | 34,000 | N/A | N/A | N/A |
| 47 | Mgm Grand Paradise LIMITED | Macao | Macao | Edif Mgm Macau | Macao | N/A | N/A | 2004 | $3,166,876,597 | 40 | N/A | N/A | 18972 |
| 48 | Huangdu Business Hotel In Zigui County (general Partnership) | China | Yichang | No.47, Binhu Road, Maoping Town, Zigui County | Hubei | 443099 | N/A | 2013 | $3,128,400,000 | 10 | N/A | N/A | 420527000035242 |
| 49 | Wyndham Hotel Group, LLC | USA | Parsippany | 22 Sylvan Way | Morris | 07054 | wyndhamhotels.***** | 2018 | $3,111,592,870 | 4,881 | N/A | N/A | 4077356 |
| 50 | Hubei Bolaite Hotel Management CO., LTD. | China | Jingmen | No.1-1, Mochou Avenue, Yingzhong Sub-district, Zhongxiang | Hubei | 448000 | N/A | 2020 | $3,103,013,432 | 160 | N/A | N/A | 420881000384603 |