Best Hospitality Stocks Right Now

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 2025

Top hospitality stocks in 2025

The hospitality industry is steadily growing, with revenues increasing by 7% to $5 trillion in 2024. Here are five top hospitality stocks:

Companies 1 - 3

1. Hilton Worldwide

With more than 8,800 properties around the globe, Hilton (HLT -0.21%) is one of the world's largest hotel companies. Its diverse portfolio includes several midscale and premium properties, as well as its luxury Waldorf Astoria and Conrad Hotels brands. It also boasts a loyalty program, Hilton Honors, with more than 226 million members.

Hilton prioritizes growth, which is a positive sign for investors. It added more than 100,000 guest rooms in 2024, acquired multiple brands, and made its debut in several countries, including Paraguay, Laos, and the Dutch Caribbean island of Bonaire.

Those moves have paid off, as Hilton's net income jumped 34% to $1.5 billion in 2024. Hilton stock has also outperformed both the S&P 500 index and the S&P Hotel index from 2020 through 2024. With its popular brands and loyalty program, the hotel giant is well-positioned for future growth.

2. Texas Roadhouse

Founded in 1993, Texas Roadhouse (TXRH 1.25%) 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

MGM (MGM -0.75%) 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.

Companies 4 - 5

4. Wyndham Hotels & Resorts

Wyndham Hotels & Resorts (WH 0.68%) is the world's largest hotel franchisor, with more than 8,000 hotels serving about 135 million guests annually. Since it's a franchisor, Wyndham doesn't pay the upkeep or maintenance costs of its properties. Those costs fall on the franchise owners, who pay a licensing fee and ongoing royalties to use the hotel chain’s brands and systems.

In 2024, Wyndham opened a record 68,700 rooms globally, with almost 28,000 of them in the U.S. Its development pipeline also grew to a record 252,000 rooms. Revenue and net income were both flat at $1.4 billion and $289 million, respectively. While this hotel company may not have seen financial growth in 2024, its room openings and substantial development pipeline have it well-positioned for the future.

5. Marriott International

Marriott International (MAR 0.41%) is the largest hotel chain in the world, boasting over 9,000 properties with more than 1.7 million rooms. Its luxury brands include The Ritz-Carlton, St. Regis, and JW Marriott Hotels, and it also has more budget-friendly brands, including Courtyard and Fairfield.

Even as the biggest hotel chain, Marriott is still growing. It added a record 123,000 rooms in 2024, and at the end of that year, it had a development pipeline of almost 3,800 properties. Revenue grew 6% to $25.1 billion, a solid increase for an established company. However, net income dropped 23% to $2.4 billion, largely due to a higher tax bill.

If you're looking for a resilient hospitality investment, Marriott is a good choice due to its size and market position. It also has the world's largest loyalty program with more than 237 million members, helping drive repeat business.

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Hospitality trends

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 -1.24%), 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.