| 1 |
Singapore Airlines GroupSingapore Airlines Group operates a premium full-service carrier, regional operations and low-cost connectivity through a disciplined multi-brand aviation structure. |
Singapore Airlines, SilkAir and Scoot |
Singapore and globalPremium aviation, regional connectivity and airline group management |
SIA remained Asia's benchmark for premium service, network quality and disciplined airline group architecture in 2019. |
99 |
| 2 |
Emirates GroupEmirates Group combines Emirates airline with aviation services, ground handling, travel support and Dubai-centered global connectivity. |
Emirates airline and dnata |
United Arab Emirates and globalLong-haul aviation, aviation services and Dubai hub connectivity |
Emirates kept Dubai central to global travel flows while maintaining one of Asia's most powerful aviation and service platforms. |
98.5 |
| 3 |
Trip.com GroupTrip.com Group operates major travel brands across accommodation reservation, transport ticketing, packaged tours and corporate travel. |
Ctrip, Trip.com, Qunar and Skyscanner-related travel platforms |
China and globalOnline travel, accommodation, transport ticketing and packaged travel |
The 2019 corporate rebrand signaled a broader international travel platform connecting Chinese scale with global booking ambition. |
98 |
| 4 |
Changi Airport GroupChangi Airport Group operates Singapore Changi Airport and developed Jewel Changi Airport as a major hospitality, retail and leisure environment. |
Singapore Changi Airport and Jewel Changi Airport |
SingaporeAirport operations, passenger experience and airport-as-destination design |
Jewel Changi's 2019 opening made Changi a global reference point for airports as hospitality, retail and destination environments. |
97.5 |
| 5 |
Qatar Airways GroupQatar Airways Group operates a Doha-centered international airline platform with passenger, cargo and aviation service relevance. |
Qatar Airways and associated aviation businesses |
Qatar and globalPremium long-haul aviation, cargo and hub connectivity |
Qatar Airways sustained network relevance and premium international reach from Doha despite a complex regional operating environment. |
97 |
| 6 |
ANA HoldingsANA Holdings operates All Nippon Airways and related airline businesses across Japan's domestic and international aviation markets. |
All Nippon Airways and airline subsidiaries |
Japan and globalFull-service aviation, domestic connectivity and international expansion |
ANA combined domestic strength with international growth and service discipline ahead of Japan's major inbound travel cycle. |
96.5 |
| 7 |
China Southern AirlinesChina Southern Airlines is a major Chinese carrier with extensive domestic and international passenger and cargo operations. |
China Southern passenger and cargo airline network |
China and international marketsLarge-scale aviation, domestic mobility and international routes |
China Southern's fleet scale and network breadth made it one of Asia's most consequential air-travel companies in 2019. |
96 |
| 8 |
AirAsia GroupAirAsia Group operates a Southeast Asian low-cost carrier network with ancillary services and travel-adjacent digital ambitions. |
AirAsia airline network and travel-adjacent digital businesses |
Malaysia and Southeast AsiaLow-cost aviation, regional mobility and ancillary travel commerce |
AirAsia remained the defining low-cost carrier platform for Southeast Asian mobility, affordability and point-to-point travel access. |
95.5 |
| 9 |
Jin Jiang International HotelsJin Jiang International Hotels operates a large multi-brand lodging platform with Chinese and international hospitality assets. |
Jin Jiang hotel brands and global hospitality interests |
China and international marketsHotel ownership, hotel management and multi-brand lodging |
Jin Jiang's scale and international hotel portfolio made it China's most important hospitality group in 2019. |
95 |
| 10 |
Galaxy Entertainment GroupGalaxy Entertainment Group operates major Macau integrated resort assets combining hotels, gaming, dining, retail and entertainment. |
Galaxy Macau and related integrated resort assets |
Macau and Greater ChinaIntegrated resorts, hotels, dining, retail and destination entertainment |
Galaxy remained one of Macau's leading destination resort companies, combining hotels, entertainment, retail and leisure demand. |
94.5 |
| 11 |
Cathay Pacific AirwaysCathay Pacific Airways operates a Hong Kong-centered full-service passenger and cargo airline network. |
Cathay Pacific and Cathay Dragon |
Hong Kong and globalFull-service aviation, cargo and international hub connectivity |
Cathay Pacific remained central to Hong Kong's long-haul travel role despite a difficult 2019 operating environment. |
94 |
| 12 |
Japan Airlines GroupJapan Airlines Group operates domestic and international airline services supported by a broad Japanese service and loyalty ecosystem. |
Japan Airlines and group subsidiaries |
Japan and globalFull-service aviation, domestic travel and international connectivity |
JAL's service quality, domestic network and international positioning kept it among Asia's most trusted travel companies. |
93.5 |
| 13 |
InterGlobe AviationInterGlobe Aviation operates IndiGo, India's leading low-cost carrier by domestic relevance and operating discipline. |
IndiGo |
India and international marketsLow-cost aviation, domestic mobility and short-haul international routes |
IndiGo's disciplined low-cost model made it the defining company in India's air-travel expansion in 2019. |
93 |
| 14 |
China Eastern AirlinesChina Eastern Airlines operates a major Chinese airline network centered on Shanghai and domestic-international connectivity. |
China Eastern passenger and cargo airline network |
China and international marketsAviation, Shanghai hub connectivity and domestic scale |
China Eastern's Shanghai-centered network made it a core carrier for China's business travel and international gateway demand. |
92.5 |
| 15 |
Air ChinaAir China operates China's capital-city flag-carrier aviation network with domestic, regional and long-haul routes. |
Air China passenger and cargo airline network |
China and globalFlag-carrier aviation, Beijing hub connectivity and premium routes |
Air China remained a key carrier for China's international travel identity and capital-city hub connectivity. |
92 |
| 16 |
Huazhu GroupHuazhu Group operates a multi-brand Chinese hotel platform across economy, midscale and upscale lodging categories. |
HanTing, JI Hotel and multi-brand hotel portfolio |
China and selected international marketsEconomy, midscale and upscale hotels with technology-enabled operations |
Huazhu's hotel network and operating technology made it one of China's most important lodging platforms. |
91.5 |
| 17 |
OYO Hotels & HomesOYO Hotels & Homes operates a technology-led accommodation platform spanning budget hotels, homes and managed living spaces. |
OYO hotel, home and living-space network |
India and international marketsBudget accommodation, hotel franchising, managed rooms and technology-led lodging |
OYO's 2019 expansion made it one of Asia's most visible attempts to convert fragmented budget lodging into a technology platform. |
91 |
| 18 |
MakeMyTripMakeMyTrip operates Indian online travel brands across flights, hotels, holiday packages, buses and related travel services. |
MakeMyTrip, Goibibo and redBus |
India and international marketsOnline travel, hotels, flights, buses and packaged travel |
MakeMyTrip remained India's most important online travel company, spanning air, hotel, bus and holiday demand. |
90.5 |
| 19 |
TravelokaTraveloka operates a Southeast Asian travel platform across flights, hotels, transportation, attractions and lifestyle services. |
Traveloka mobile travel platform |
Indonesia and Southeast AsiaOnline travel, flights, hotels, local services and lifestyle booking |
Traveloka represented Southeast Asia's mobile-first travel economy and the region's shift toward app-based trip planning. |
90 |
| 20 |
KlookKlook operates a marketplace for attractions, activities, local transport, tours and in-destination services. |
Klook travel activities and services marketplace |
Hong Kong and international marketsExperiences, attractions, tours, mobility and in-destination services |
Klook's major 2019 financing and regional expansion underscored the rise of experience booking as a core travel category. |
89.5 |
| 21 |
Genting SingaporeGenting Singapore owns and operates Resorts World Sentosa, combining hotels, attractions, entertainment, dining and MICE facilities. |
Resorts World Sentosa |
Singapore and regional marketsIntegrated resorts, hotels, attractions, MICE and leisure entertainment |
Resorts World Sentosa kept Genting Singapore central to destination tourism, family entertainment and integrated resort economics. |
89 |
| 22 |
Sands ChinaSands China operates a major Macau integrated resort portfolio with hotels, conventions, entertainment, retail and dining. |
Macau integrated resort portfolio |
Macau and Greater ChinaIntegrated resorts, hotels, conventions, retail and entertainment |
Sands China's scale in Macau made it one of Asia's most consequential hospitality and convention resort operators. |
88.5 |
| 23 |
Melco Resorts & EntertainmentMelco operates integrated resort assets across Macau and regional markets, including hotels, entertainment, dining and premium resort experiences. |
City of Dreams, Studio City and related resort assets |
Macau, Philippines and regional marketsIntegrated resorts, hotels, entertainment and premium destination hospitality |
Melco's resort portfolio and design-led hospitality positioning made it a major destination company in 2019. |
88 |
| 24 |
Shangri-La AsiaShangri-La Asia owns and operates luxury hotels, resorts and related mixed-use hospitality assets across Asia and other international markets. |
Shangri-La, Kerry, Hotel Jen and related hotel assets |
Hong Kong, China and AsiaLuxury hotels, urban hospitality, resorts and mixed-use hotel ownership |
Shangri-La remained one of Asia's clearest luxury hospitality signatures, with deep roots in business and leisure travel. |
87.5 |
| 25 |
The Indian Hotels CompanyIHCL operates Taj, Vivanta, SeleQtions, Ginger and related hospitality brands across luxury, upscale and midscale segments. |
Taj, Vivanta, SeleQtions, Ginger and related hospitality brands |
India and globalLuxury, upscale, midscale and heritage hospitality |
IHCL's brand renewal and portfolio development made it India's most important hospitality company in 2019. |
87 |
| 26 |
Minor InternationalMinor International operates hotels, resorts, restaurants and hospitality brands across Thailand, Asia, Europe and other international markets. |
Minor Hotels, Anantara, Avani, Tivoli and NH-related hospitality interests |
Thailand and globalHotels, resorts, restaurants and international hospitality ownership |
Minor's expanded international hotel footprint made it Southeast Asia's most globally diversified hospitality group. |
86.5 |
| 27 |
Korean AirKorean Air operates passenger and cargo services connecting South Korea with Asia, the Americas, Europe and other global markets. |
Korean Air passenger and cargo network |
South Korea and globalFull-service aviation, cargo and transpacific connectivity |
Korean Air remained a major connector for Northeast Asian, transpacific and cargo travel flows in 2019. |
86 |
| 28 |
EVA AirwaysEVA Airways operates Taiwan-based passenger and cargo services with strong long-haul and regional connectivity. |
EVA Air passenger and cargo network |
Taiwan and globalFull-service aviation, cargo and premium transpacific routes |
EVA Air's service reputation, 30th anniversary year and long-haul network kept it among Asia's leading airline companies. |
85.5 |
| 29 |
Qantas AirwaysQantas operates a full-service Australian airline platform with Jetstar low-cost operations and long-haul network ambitions. |
Qantas and Jetstar |
Australia and globalFull-service aviation, low-cost aviation and ultra-long-haul development |
Qantas combined domestic strength, Jetstar reach and Project Sunrise experimentation to shape the future of long-haul travel. |
85 |
| 30 |
Turkish AirlinesTurkish Airlines operates an Istanbul-centered network connecting Asia, Europe, Africa and the Americas through a broad long-haul and regional platform. |
Turkish Airlines and associated aviation businesses |
Turkey and globalLong-haul aviation, Istanbul hub connectivity and global route breadth |
Turkish Airlines used Istanbul's hub position to connect Asia, Europe, Africa and the Americas through one of the world's broadest networks. |
84.5 |
| 31 |
Vietjet AviationVietjet Aviation operates a Vietnamese low-cost airline network across domestic and regional markets. |
Vietjet Air |
Vietnam and regional marketsLow-cost aviation, domestic growth and regional air access |
Vietjet's passenger milestone and ancillary model made it one of Southeast Asia's most dynamic low-cost travel companies. |
84 |
| 32 |
Vietnam AirlinesVietnam Airlines operates Vietnam's national full-service carrier network across domestic, regional and long-haul routes. |
Vietnam Airlines Group |
Vietnam and international marketsFull-service aviation, national connectivity and inbound tourism support |
Vietnam Airlines supported Vietnam's rising tourism profile through domestic, regional and long-haul connectivity. |
83.5 |
| 33 |
Cebu AirCebu Air operates Cebu Pacific, a Philippine low-cost carrier serving domestic island routes and regional international destinations. |
Cebu Pacific |
Philippines and regional marketsLow-cost aviation, domestic island connectivity and regional routes |
Cebu Pacific remained essential to Philippine domestic mobility and affordable regional air travel in 2019. |
83 |
| 34 |
Airports of ThailandAirports of Thailand operates major Thai airports, including Bangkok and Phuket gateways central to business and leisure travel. |
Suvarnabhumi, Don Mueang, Phuket and other Thai airport assets |
ThailandAirport operations, tourism infrastructure and national gateways |
AOT's airport network made it one of Asia's most important tourism infrastructure companies. |
82.5 |
| 35 |
Dubai AirportsDubai Airports operates Dubai International and related airport infrastructure serving one of the world's busiest international passenger hubs. |
Dubai International and Dubai World Central operations |
United Arab EmiratesAirport operations, global hub management and passenger experience |
Dubai Airports kept DXB among the world's most important international passenger gateways in 2019. |
82 |
| 36 |
Malaysia Airports HoldingsMalaysia Airports Holdings operates KLIA and a national airport network supporting Malaysian domestic, regional and international travel. |
KLIA and Malaysian airport network |
Malaysia and selected international marketsAirport operations, national connectivity and tourism gateways |
Malaysia Airports supported regional travel flows through KLIA and a national airport network serving business and leisure demand. |
81.5 |
| 37 |
Tongcheng-Elong HoldingsTongcheng-Elong operates a China online travel platform with strength in transport ticketing, accommodation and mass-market mobile distribution. |
Tongcheng-Elong online travel platform |
ChinaOnline travel, transport ticketing, accommodation and lower-tier-city travel demand |
Tongcheng-Elong's mobile distribution and China mass-market reach made it a distinctive online travel company in 2019. |
81 |
| 38 |
YanoljaYanolja operates a South Korean travel and accommodation platform with hospitality technology and regional expansion ambitions. |
Yanolja travel and accommodation platform |
South Korea and international marketsAccommodation booking, hospitality technology and travel platform expansion |
Yanolja's 2019 regional move into Southeast Asian budget lodging marked South Korea's arrival in platform-led travel technology. |
80.5 |
| 39 |
JTB CorporationJTB operates travel agency, packaged travel, corporate travel and destination service businesses in Japan and international markets. |
JTB travel agency and destination services network |
Japan and globalPackaged travel, corporate travel, inbound support and destination services |
JTB remained one of Japan's most important travel-service companies as inbound and outbound demand evolved. |
80 |
| 40 |
H.I.S. Co.H.I.S. operates travel agency, packaged tour and destination-service businesses tied to Japanese outbound and leisure travel. |
H.I.S. travel agency, tours and travel-related businesses |
Japan and international marketsTravel agency, packaged travel, outbound tourism and destination services |
H.I.S. remained a major Japanese travel company with strong relevance to outbound leisure and packaged tour demand. |
79.5 |
| 41 |
China AirlinesChina Airlines operates Taiwan-based passenger and cargo aviation services across regional and long-haul markets. |
China Airlines passenger and cargo network |
Taiwan and globalFull-service aviation, cargo and regional connectivity |
China Airlines' passenger and cargo platform kept it important to Taiwan's travel and trade connectivity in 2019. |
79 |
| 42 |
KKdayKKday operates an Asia-focused travel experiences marketplace and supplier technology platform for activities and destination services. |
KKday travel-experience marketplace |
Taiwan and international marketsActivities, local experiences, destination services and travel SaaS |
KKday represented the emerging Asian shift from ticket booking toward in-destination experience commerce. |
78.5 |
| 43 |
Banyan Tree HoldingsBanyan Tree Holdings operates resort, spa and hospitality brands known for leisure, wellness and destination-led design. |
Banyan Tree, Angsana and related hospitality brands |
Singapore and international resortsLuxury resorts, destination wellness and asset-right hospitality |
Banyan Tree's resort heritage and asset-right direction kept it relevant in Asia's premium leisure hospitality sector. |
78 |
| 44 |
Dusit InternationalDusit International operates Thai-rooted hotels, resorts and hospitality management businesses in Thailand and international markets. |
Dusit Hotels and Resorts |
Thailand and international marketsThai hospitality, hotels, resorts and management expansion |
Dusit's brand heritage and regional hotel management footprint made it a key Thai hospitality company in 2019. |
77.5 |
| 45 |
Hoshino ResortsHoshino Resorts operates resort, ryokan-inspired and urban hospitality brands across Japan with a strong emphasis on local character. |
Hoshino Resorts hospitality brands |
JapanRyokan-inspired hospitality, resorts, urban hotels and destination renewal |
Hoshino Resorts gave Japanese hospitality a contemporary operating model rooted in regional character and guest experience. |
77 |
| 46 |
Emaar Hospitality GroupEmaar Hospitality Group operates luxury and lifestyle hotel brands connected to Dubai destination development and mixed-use hospitality assets. |
Address Hotels, Vida Hotels and Dubai-linked hospitality assets |
United Arab Emirates and international marketsLuxury and lifestyle hotels, serviced residences and destination hospitality |
Emaar Hospitality translated Dubai's real estate and destination appeal into hotel and lifestyle hospitality products. |
76.5 |
| 47 |
Genting MalaysiaGenting Malaysia operates Resorts World Genting and related hospitality, gaming, hotel and leisure assets. |
Resorts World Genting and related resort assets |
Malaysia and regional marketsIntegrated resorts, hotels, entertainment and mountain destination tourism |
Genting Malaysia remained a defining Southeast Asian resort operator through Resorts World Genting and leisure-destination assets. |
76 |
| 48 |
Plaza Premium GroupPlaza Premium Group operates airport lounges, transit hospitality, passenger services and airport dining concepts across global airports. |
Plaza Premium Lounge and airport hospitality services |
Hong Kong and global airportsAirport lounges, transit hospitality and passenger services |
Plaza Premium Group helped make independent airport hospitality a scalable travel service category. |
75.5 |
| 49 |
Seera GroupSeera Group operates Saudi and regional travel-service businesses across online booking, corporate travel, destination services and religious travel support. |
Almosafer and diversified travel-services businesses |
Saudi Arabia and regional marketsTravel services, online booking, religious travel and destination support |
Seera represented West Asia's shift toward more integrated, digitally enabled travel-services platforms. |
75 |
| 50 |
Thomas Cook IndiaThomas Cook India operates travel services, holidays, foreign exchange and destination management across Indian and international travel markets. |
Thomas Cook India and travel-services subsidiaries |
India and international marketsTravel services, foreign exchange, holidays and destination management |
Thomas Cook India remained a major Indian travel-services company with relevance across outbound, inbound and corporate travel. |
74.5 |