ong before the Covid-19 public health emergency was officially declared over last month, people around the world had enthusiastically embraced a return to normal life. So it’s unsurprising that the biggest names in the hotel, restaurant and leisure sectors have risen inof 2,000 of the world’s largest public companies. Our rankings are based on a composite score calculated from revenue, profits, assets and stock market value.
The restaurant sector’s biggest climber was Chipotle Mexican Grill, which jumped 319 places to land at No. 903. The California-based taco-and-burrito chain has been on a tear, with earnings growing by double digits in each of four consecutive quarters. Revenue, too, has topped analysts’ expectations, hitting $2.4 billion in the first quarter of 2023, fueled by better than expected same-store sales growth.
Collectively, their current narrative is one of expansion, with all the hotel giants touting impressive pipelines of new properties around the world. Last fall, Marriott acquired its 31st brand – the Mexico-based City Express – and, at the end of the year, tallied roughly 199,000 rooms under construction.
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Source: Forbes - 🏆 394. / 53 Read more »