If you're looking for the best hospitality stocks, you have a variety of options. This sector includes businesses based around lodging, food and drinks, tourism, and more, so you'll find hotel stocks, restaurant chains, and casinos among the top investment options.
Top hospitality stocks in 2026
The hospitality industry is steadily growing, with revenues increasing by 7% to $5 trillion in 2024. Here are five top hospitality stocks:
1. Hilton Worldwide
2. Texas Roadhouse
NASDAQ: TXRH
Key Data Points
Founded in 1993, Texas Roadhouse (TXRH +1.43%) is a casual dining favorite among families. The restaurant company and its franchises operate more than 750 locations. Most of its restaurants are in the U.S., but the company has also expanded internationally.
The restaurant industry is a challenging one, especially recently, with food, labor, and insurance costs going up. Texas Roadhouse is one of the companies best-equipped to handle those challenges. It has an excellent leadership team, consistently high profit margins (8% as of July 2025), and it pays dividends to shareholders.
Even in a difficult economic environment, Texas Roadhouse grew in 2024. Revenue increased 16% year over year to $5.4 billion, and net income was up an impressive 42% to $434 million. It also opened 45 new restaurants for the second consecutive year.
3. MGM Resorts
NYSE: MGM
Key Data Points
MGM (MGM -1.99%) has many of the top casino resorts in Las Vegas, and it also has properties in other locations, including Atlantic City, Detroit, and China. Although much of its business centers around Las Vegas, MGM has expanded its operations over the years. One of the biggest recent examples is its plan to launch a $9 million casino resort in Osaka in 2030.
While MGM’s iconic properties are cornerstones of its business, it also expanded to online betting with BetMGM in 2021. It has invested heavily in the online betting experience, and 2024 saw that investment pay off, with BetMGM bringing in $2.1 billion in revenue.
The combination of MGM’s Las Vegas properties, international operations, and online gaming services gives this leisure company good growth potential. If one segment isn’t doing well, another can pick up the slack, as was the case in 2024. Revenue for its Las Vegas Strip properties was flat at $8.8 billion, but MGM China's revenues jumped by 28% to $4 billion.
EBITDA
4. Wyndham Hotels & Resorts
5. Marriott International
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Trends to watch in hospitality
Business has been booming for top hospitality companies, as consumers are eager to go out, travel, and enjoy themselves. Here are the key trends shaping the hospitality industry recently:
- Many large hotel brands are opting for asset-light models by franchising, although this is less common among luxury hotels.
- Home sharing, led by the success of Airbnb (ABNB +0.48%), is an increasingly popular alternative to hotels, growing from 10% to 14% of booking value between 2017 and 2023.
- Hospitality companies are using artificial intelligence (AI) to streamline booking management and customer support.
Last but not least, customer loyalty is always important in the hospitality industry. Companies are investing heavily in loyalty programs and in providing a personalized experience to make their customers feel special. This can have the dual benefit of bringing in repeat business and encouraging people to spend more with their preferred brands.
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