Top 10 Hotel Owners and Operators 2025

Highlights from the report:

Owners:

• Meriton retains the top spot with 6,211 rooms, despite slowing growth and a reduced pipeline.
• Millennium and Copthorne advanced one place to 7th position, expanding their portfolio to 18 hotels and 3,148 rooms.
• Ownership rankings remain broadly stable, with some reshuffling driven by targeted acquisitions and divestments.

Operators:

• Accor remains the dominant operator, managing 65,075 rooms, more than four and a half times the next largest operator.
• Accor expanded its network by almost 1,700 rooms and adding five hotels, bringing its total footprint to 406 properties.
• EVT and Meriton appear on both the Top 10 Owners and Operators lists.
• Operator rankings remain broadly consistent year on year.

Industry sentiment (new this year):

• 82% of executives expressed a “somewhat optimistic” outlook for the second half of 2025 and into 2026.
• Sydney and Brisbane were identified as the top growth markets.
• Luxury, extended stay, and business hotels are expected to lead segment growth.
• Labour shortages, economic volatility, and development barriers remain key concerns.

While growth has moderated, confidence in long-term fundamentals remains strong.

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