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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.
Volume of investment transactions in the hotel industry in selected European countries in 2019 and 2020 (in billion euros)
Breakdown of hotel investment in Spain in 2024, by type of transaction (in millions of euros)
Capital invested in the hotel industry in Spain from 2010 to 2024 (in million euros)
Volume of hotel transactions worldwide from 2010 to 2022 (in billion U.S. dollars)
Volume of hotel real estate investment in France from 2017 to 2025 (in billion euros)
Leading countries investing in the hotel industry in Spain in 2021
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