| 1 | Marriott International, Inc. | MAR | NASDAQ | US |
| 2 | Hilton Worldwide Holdings Inc. | HLT | NYSE | US |
| 3 | InterContinental Hotels Group PLC | ICHGF | OTC | GB |
| 4 | InterContinental Hotels Group PLC | IC1B.F | FSX | GB |
| 5 | InterContinental Hotels Group PLC | IHG.L | LSE | GB |
| 6 | Hyatt Hotels Corporation | H | NYSE | US |
| 7 | Accor S.A. | AC.PA | PAR | FR |
| 8 | H World Group Limited | 1179.HK | HKSE | CN |
| 9 | The Indian Hotels Company Limited | INDHOTEL.NS | NSE | IN |
| 10 | Wyndham Hotels & Resorts, Inc. | WH | NYSE | US |
| 11 | Whitbread plc | WTBCF | OTC | GB |
| 12 | Choice Hotels International, Inc. | CHH | NYSE | US |
| 13 | Hilton Grand Vacations Inc. | HGV | NYSE | US |
| 14 | Minor International Public Company Limited | MINT.BK | SET | TH |
| 15 | Pandox AB (publ) | PNDX-B.ST | STO | SE |
| 16 | Meliá Hotels International, S.A. | MEL.MC | BME | ES |
| 17 | Shanghai Jin Jiang International Hotels Co., Ltd. | 600754.SS | SHH | CN |
| 18 | EIH Limited | EIHOTEL.NS | NSE | IN |
| 19 | Scandic Hotels Group AB (publ) | SHOT.ST | STO | SE |
| 20 | Shenzhen Overseas Chinese Town Co.,Ltd. | 000069.SZ | SHZ | CN |
| 21 | BTG Hotels (Group) Co., Ltd. | 600258.SS | SHH | CN |
| 22 | Chalet Hotels Limited | CHALET.NS | NSE | IN |
| 23 | Shangri-La Asia Limited | 0069.HK | HKSE | HK |
| 24 | Kyoritsu Maintenance Co., Ltd. | 9616.T | JPX | JP |
| 25 | Leela Palaces Hotels & Resorts Limited | THELEELA.NS | NSE | IN |
| 26 | Ventive Hospitality Ltd. | VENTIVE.NS | NSE | IN |
| 27 | The Hongkong and Shanghai Hotels, Limited | 0045.HK | HKSE | HK |
| 28 | Huangshan Tourism Development Co.,Ltd. | 600054.SS | SHH | CN |
| 29 | Lemon Tree Hotels Limited | LEMONTREE.NS | NSE | IN |
| 30 | Pierre et Vacances S.A. | VAC.PA | PAR | FR |
| 31 | Centurion Corporation Limited | OU8.SI | SES | SG |
| 32 | Guangzhou Lingnan Group Holdings Company Limited | 000524.SZ | SHZ | CN |
| 33 | PT Bukit Uluwatu Villa Tbk | BUVA.JK | JKT | ID |
| 34 | Imperial Hotel, Ltd. | 9708.T | JPX | JP |
| 35 | China Cyts Tours Holding Co., Ltd. | 600138.SS | SHH | CN |
| 36 | Fujita Kanko Inc. | 9722.T | JPX | JP |
| 37 | Formosa International Hotels Corporation | 2707.TW | TAI | TW |
| 38 | LiJiang YuLong Tourism Co., Ltd. | 002033.SZ | SHZ | CN |
| 39 | Yunnan Tourism Co., Ltd. | 002059.SZ | SHZ | CN |
| 40 | Shenzhen Quanxinhao Co., Ltd. | 000007.SZ | SHZ | CN |
| 41 | Stamford Land Corporation Ltd | H07.SI | SES | SG |
| 42 | India Tourism Development Corporation Limited | ITDC.NS | NSE | IN |
| 43 | The Ambassador Hotel,Ltd. | 2704.TW | TAI | TW |
| 44 | Huatian Hotel Group Co.,Ltd. | 000428.SZ | SHZ | CN |
| 45 | Tibet Tourism Co.,Ltd | 600749.SS | SHH | CN |
| 46 | Juniper Hotels Limited | JUNIPER.NS | NSE | IN |
| 47 | The Erawan Group Public Company Limited | ERW.BK | SET | TH |
| 48 | Zhang Jia Jie Tourism Group Co., Ltd | 000430.SZ | SHZ | CN |
| 49 | Seobu T&D Co., Ltd. | 006730.KQ | KOE | KR |
| 50 | Hotel Majestic Cannes | MLHMC.PA | PAR | FR |
| 51 | Hotel Grand Central Limited | H18.SI | SES | SG |
| 52 | SAMHI Hotels Limited | SAMHI.NS | NSE | IN |
| 53 | Guilin Tourism Corporation Limited | 000978.SZ | SHZ | CN |
| 54 | Jinling Hotel Corporation, Ltd. | 601007.SS | SHH | CN |
| 55 | ITC Properties Group Limited | 0199.HK | HKSE | HK |
| 56 | Jiangsu Tianmu Lake Tourism Co.,Ltd | 603136.SS | SHH | CN |
| 57 | Seaport Entertainment Group Inc. | SEG | NYSE | US |
| 58 | Bonvests Holdings Limited | B28.SI | SES | SG |
| 59 | Dusit Thani Public Company Limited | DUSIT.BK | SET | TH |
| 60 | ParkHotels | PARKHOTELS.NS | NSE | IN |
| 61 | PT Surya Permata Andalan Tbk | NATO.JK | JKT | ID |
| 62 | Oriental Hotels Limited | ORIENTHOT.NS | NSE | IN |
| 63 | Millennium & Copthorne Hotels New Zealand Limited | MCK.NZ | NZE | NZ |
| 64 | Sino Hotels (Holdings) Limited | 1221.HK | HKSE | HK |
| 65 | TAJGVK Hotels & Resorts Limited | TAJGVK.NS | NSE | IN |
| 66 | Clarke Inc. | CKI.TO | TSX | CA |
| 67 | Langham Hospitality Investments Limited | 1270.HK | HKSE | HK |
| 68 | EIH Associated Hotels Limited | EIHAHOTELS.NS | NSE | IN |
| 69 | Les Hôtels Baverez S.A. | ALLHB.PA | PAR | FR |
| 70 | Washington Hotel Corporation | 4691.T | JPX | JP |
| 71 | Grupo Hotelero Santa Fe, S.A.B. de C.V. | HOTEL.MX | MEX | MX |
| 72 | BAAN Holding Group Company | 1820.SR | SAU | SA |
| 73 | Greens Co.,Ltd. | 6547.T | JPX | JP |
| 74 | Shangri-La Hotels (Malaysia) Berhad | 5517.KL | KLS | MY |
| 75 | Shangri-La Hotel Public Company Limited | SHANG.BK | SET | TH |
| 76 | Norte 19 | HCITY.MX | MEX | MX |
| 77 | FDC International Hotels Corporation | 2748.TW | TAI | TW |
| 78 | OHTL Public Company Limited | OHTL.BK | SET | TH |
| 79 | My Humble House Hospitality Management Consulting Co., Ltd. | 2739.TW | TAI | TW |
| 80 | PT Red Planet Indonesia Tbk | PSKT.JK | JKT | ID |
| 81 | The InterGroup Corporation | INTG | NASDAQ | US |
| 82 | Hartford Great Health Corp. | HFUS | OTC | US |
| 83 | Leofoo Development Co., Ltd. | 2705.TW | TAI | TW |
| 84 | Keck Seng Investments (Hong Kong) Limited | 0184.HK | HKSE | HK |
| 85 | Royal Orchid Hotels Limited | ROHLTD.NS | NSE | IN |
| 86 | Heeton Holdings Limited | 5DP.SI | SES | SG |
| 87 | Royal Hotel, Ltd. | 9713.T | JPX | JP |
| 88 | Shihlin Development Company Limited | 5324.TWO | TWO | TW |
| 89 | Magnificent Hotel Investments Limited | 0201.HK | HKSE | HK |
| 90 | Bound and Beyond Public Company Limited | BEYOND.BK | SET | TH |
| 91 | Asian Hotels (West) Ltd | AHLWEST.NS | NSE | IN |
| 92 | PT Arthavest Tbk | ARTA.JK | JKT | ID |
| 93 | Asian Hotels (North) Limited | ASIANHOTNR.NS | NSE | IN |
| 94 | Hotel Holiday Garden | 2702.TW | TAI | TW |
| 95 | Hotelim S.A. | MLHOT.PA | PAR | FR |
| 96 | Kamat Hotels (India) Limited | KAMATHOTEL.NS | NSE | IN |
| 97 | Whitbread plc | WTB.L | LSE | GB |
| 98 | AGORA Hospitality Group Co., Ltd | 9704.T | JPX | JP |
| 99 | HLV Limited | HLVLTD.NS | NSE | IN |
| 100 | PT Jakarta International Hotels & Development Tbk | JIHD.JK | JKT | ID |
| 101 | Advani Hotels & Resorts (India) Limited | ADVANIHOTR.NS | NSE | IN |
| 102 | Asia Hotel Public Company Limited | ASIA.BK | SET | TH |
| 103 | S.A.I. Leisure Group Company Limited | 1832.HK | HKSE | HK |
| 104 | The Kyoto Hotel, Ltd. | 9723.T | JPX | JP |
| 105 | Regal Hotels International Holdings Limited | 0078.HK | HKSE | HK |
| 106 | Shun Ho Property Investments Limited | 0219.HK | HKSE | HK |
| 107 | Pride Holdings Group | PHSE | OTC | US |
| 108 | Fattal Holdings (1998) Ltd | FTAL.TA | TLV | IL |
| 109 | Sinclairs Hotels Limited | SINCLAIR.NS | NSE | IN |
| 110 | PT Royalindo Investa Wijaya Tbk | INDO.JK | JKT | ID |
| 111 | PT Hotel Sahid Jaya International Tbk | SHID.JK | JKT | ID |
| 112 | Apollo Sindoori Hotels Limited | APOLSINHOT.NS | NSE | IN |
| 113 | Robust Hotels Limited | RHL.NS | NSE | IN |
| 114 | The Landis Taipei Hotel Co., Ltd | 5703.TWO | TWO | TW |
| 115 | Hotel Royal Chihpen | 5704.TWO | TWO | TW |
| 116 | Haiwan International Development Co., Ltd | 3252.TWO | TWO | TW |
| 117 | Isrotel Ltd. | ISRO.TA | TLV | IL |
| 118 | Asian Hotels (East) Limited | AHLEAST.NS | NSE | IN |
| 119 | HOYA Resort Hotel Group | 2736.TWO | TWO | TW |
| 120 | Century City International Holdings Limited | 0355.HK | HKSE | HK |
| 121 | PT Esta Multi Usaha Tbk | ESTA.JK | JKT | ID |
| 122 | Paliburg Holdings Limited | 0617.HK | HKSE | HK |
| 123 | PT Hotel Fitra International Tbk | FITT.JK | JKT | ID |
| 124 | Country Club Hospitality & Holidays Limited | CCHHL.NS | NSE | IN |
| 125 | PT Eastparc Hotel Tbk | EAST.JK | JKT | ID |
| 126 | Shun Ho Holdings Limited | 0253.HK | HKSE | HK |
| 127 | HBG Hotels Limited | PHOENIXTN.BO | BSE | IN |
| 128 | Société Hôtelière et Immobilière de Nice S.A. | MLHIN.PA | PAR | FR |
| 129 | Datapulse Technology Limited | BKW.SI | SES | SG |
| 130 | The Byke Hospitality Limited | BYKE.NS | NSE | IN |
| 131 | Lealea Hotels & Resorts Co., Ltd. | 5364.TWO | TWO | TW |
| 132 | Mandarin Hotel Public Company Limited | MANRIN.BK | SET | TH |
| 133 | PT Menteng Heritage Realty Tbk | HRME.JK | JKT | ID |
| 134 | Les Hôtels de Paris S.A. | HDP.PA | PAR | FR |
| 135 | Dan Hotels Ltd | DANH.TA | TLV | IL |
| 136 | Hotéis Othon S.A. | HOOT4.SA | SAO | BR |
| 137 | Mexan Limited | 0022.HK | HKSE | HK |
| 138 | Architectural Aesthetics Global Development CO.,LTD. | 2724.TWO | TWO | TW |
| 139 | The Azur Selection S.A. | MLAZR.PA | PAR | GR |
| 140 | PPHE Hotel Group Limited | PPH.L | LSE | NL |
| 141 | PT Island Concepts Indonesia Tbk | ICON.JK | JKT | ID |
| 142 | Capital Estate Limited | 0193.HK | HKSE | HK |
| 143 | PT Sunter Lakeside Hotel Tbk | SNLK.JK | JKT | ID |
| 144 | Mac Hotels Limited | MACH.BO | BSE | IN |
| 145 | Grande Asset Hotels and Property Public Company Limited | GRAND.BK | SET | TH |
| 146 | Portsmouth Square, Inc. | PRSI | OTC | US |
| 147 | PT Pembangunan Graha Lestari Indah Tbk | PGLI.JK | JKT | ID |
| 148 | Blue Coast Hotels Limited | BLUECOAST.NS | NSE | IN |
| 149 | Sri Havisha Hospitality and Infrastructure Limited | HAVISHA.NS | NSE | IN |
| 150 | Pie Siam Ltd | PIES.TA | TLV | IL |
| 151 | TGB Banquets and Hotels Limited | TGBHOTELS.NS | NSE | IN |
| 152 | Aruna Hotels Ltd. | ARUNAHTEL.BO | BSE | IN |
| 153 | Howard Hotels Limited | HOWARHO.BO | BSE | IN |
| 154 | PT Planet Properindo Jaya Tbk | PLAN.JK | JKT | ID |
| 155 | City Lodge Hotels Limited | CLH.JO | JNB | ZA |
| 156 | Black Sea Property AS | BSP.OL | OSL | NO |
| 157 | Safestay plc | SSTY.L | LSE | GB |
| 158 | Candlewood Hotel Company, Inc. | CNDL | OTC | US |