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New Hotel Construction Attracts More Investments Than Renovations
Accommodation companies are investing much more in building new hotels than converting and renovating existing ones in Europe. In 2021, 17.9 billion euros were invested in new hotel construction, whereas just 2.8 billion euros were spent on conversions and renovations. Independent hotels own more properties than chains but are losing ground.
Description
This graphic shows that new hotel construction attracts more investments than renovations.
Total number of hotels and guesthouses in Hong Kong 2014-2025
Number of hotels in Hong Kong 2025, by tariff level
Monthly occupancy rate of hotels in North America 2020-2025
Number of hotels in Malaysia 2015-2024
Monthly occupancy rate of hotels worldwide 2019-2025
Number of hotels Qatar 2023, by class
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