It’s been a rough year for the industry, but the luxury hotel industry is still booming.
The year 2016 saw record profits for the sector, with hotel operators and hotel operators groups reporting profits of more than US$1 billion.
Here are the top 20 hotels in this year’s top 20.1.
Hyatt Regency Chicago, Illinois2.
Hilton Chicago, IL3.
Marriott Marquis Las Vegas, Nevada4.
Holiday Inn Las Vegas , NV5.
Regency Hotel New York, NY6.
Grand Hyatt New York City, NY7.
Holiday Resorts Atlanta, GA8.
Holiday Town Orlando, FL9.
Westin San Francisco, CA10.
The Ritz-Carlton Chicago, IllThe 20 Most Expensive Hotels in the WorldThe Top 20 Hotels with the Highest Annual ProfitIn 2015, Hilton Hotels reported its highest annual profit of US$11.5 billion, and Marriott Marquiss Las Vegas earned a $2.4 billion profit for the year.
The Top 10 Most Expensive HotelsIn 2017, the Hotel Industry Institute’s Annual Hotels Survey (IHIS) released its findings, revealing that the 20 most luxurious hotels had a combined profit of $1.9 billion.
Of the hotels listed on the list, only three made the top 10 list, while three others earned the lowest ranking.
The most expensive of these five hotels, the Hyatt, earned the highest profit, at US$19.1 billion, followed by Holiday Inn Orlando, US$13.7 billion.
The other two hotels, Holiday Town and Holiday Inn, both earned US$12.8 billion in profits.
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