Top 5 Hospitality Companies in the World

4. Las Vegas Sands Corp. (NYSE:LVS)

Market Capitalization as of November 11, 2022: $33.10 billion

Las Vegas Sands Corp. (NYSE:LVS) is an American company that develops and operates integrated resorts. The firm has properties in the U.S. and in Asia. Its hotels are located primarily in China, along with some in the U.S. and in Singapore. Las Vegas Sands Corp. (NYSE:LVS) is headquartered in Las Vegas, Nevada.

Las Vegas Sands Corp. (NYSE:LVS) is one of the most strongly hit hospitality firms due to consistent lockdowns in China. However, despite this, the company has a strong brand image and reputation, which is evident from the fact that its properties in Macau are still valued at seven times their cash flow. The valuation is also evident in its market capitalization, which as of the latest reading sits at a cool $33 billion. Las Vegas Sands Corp. (NYSE:LVS)’s shares are also up by 11.5% year to date.

Ken Griffin’s Citadel Investment Group is Las Vegas Sands Corp. (NYSE:LVS)’s largest investor. It owns 3.6 million shares that are worth $121 million.

Baron Funds mentioned the company in its Q2 2022 investor letter. Here is what the fund said:

“Certain travel-related businesses remain cyclically depressed not secularly challenged and should rebound as economic strength re-emerges. For example, the business operations of Macau-centric casino and gaming companies such as Las Vegas Sands Corporation (NYSE:LVS) have yet to recover due to the ongoing COVID-19 challenges in China. We expect business to rebound sharply when economic growth recovers just as it did in Las Vegas. Las Vegas Sands Corporationis a global leader in the development and operation of luxury casino resorts in Macau and Singapore, and it maintains a liquid and investment grade balance sheet. It is currently valued at a significant discount to our assessment of replacement cost, and the company’s Macau operations are valued at only 7 times estimated cash flow.”