Data visualisation: Global hotel inventory has grown an impressive 18% in 10 years

Hotel development in Montenegro

Hotels are up 18% for the past decade, reports STR. And if you’re a hotelier, you might be curious about how many hotels and rooms there actually are in the world. Well, we’ve got you covered.

According to the data from STR, a global data benchmarking company that maintains the world’s largest global hotel performance sample, the world has 184,299 hotels comprising 16,966,280 rooms.

“The hotel sector and its rate of return continue to attract real-estate investors—that is evident through the substantial growth in performance metrics and development we have seen over the past decade,” said Robin Rossmann, STR’s international managing director.

But what makes a hotel a ‘hotel’?

STR defines a hotel by three exclusionary criteria: 1) generates revenue on a nightly per-room basis, 2) has 10 or more rooms, and 3) is open to the public (excluding properties requiring membership, affiliation, or club status).

STR’s original data table. 2018 data as of February, all other data as of yer-end

Since the launch of STR’s international business, its hotel sample has grown by over 3 million rooms.

And based on that sample, the global hotel industry recorded an average occupancy level of 67.5% for the last 12 months ending with February 2018.

2018: 184,299 hotels and 16,966,280 rooms

“While the story is rarely the same for any two markets around the world, the industry as a whole continues to perform at robust levels, and we expect continued growth over the coming years,” concluded Rossmann.

Chart: Growth of hotels and hotel rooms (100x), 2008-2018

  • Global Hotels
  • Hotel Rooms (x 100)
You might also like

Comments are closed.