FORTUNE Magazine has published its annual survey of the ‘World’s Most Admired Companies’, with six big names making it into the ‘Hotels, Casinos & Resorts’ category. Marriott heads that list as the only operator to make it into the top 50. Featured, but not ranked by number were Hilton Worldwide Holdings, Hyatt Hotels, Las Vegas Sands, MGM Resorts and Wynn Resorts.
For MGM this marks the fourth appearance in the FORTUNE Magazine listing. Jim Murren, chairman and CEO, commented: “MGM Resorts is constantly evolving and working to continue delivering the best guest experience in the industry, and it’s an honor to once again be recognized for that hard work.
“The recognition that we are a FORTUNE ‘Most Admired Company’ encourages us to continue to innovate not only in guest service, but in our corporate social responsibility efforts and commitment to advancing the quality of the communities in which we operate.”
Las Vegas Sands’ inclusion is a repeat of its 2017 and 2018 appearances on the list of global corporate leaders. “Being recognized by Fortune for the third year in a row is not only an honor, but a testament to our team members’ unwavering commitment to deliver on our company’s plans and programs,” said Sheldon G. Adelson, chairman and chief executive officer.
He added: “The strong reputation we have built as a collective group is due to our solid operational execution and management, our innovative approach to the hospitality industry and our responsible business practices. We are proud of our team members for embracing the company’s values and their continued loyalty which has made Las Vegas Sands the company it is today.”
The survey evaluated companies in 52 different industries. FORTUNE and Korn Ferry, a global management consulting firm, began with the 1,500 largest US companies ranked by revenue along with non-US Fortune Global 500 companies with revenues of $10bn or more. They then narrowed the field to the highest-revenue companies in each industry, a total of 680 in 30 countries.
