The market size of the hotel and resort sector worldwide peaked at 1.52 trillion U.S. dollars in 2019. As a result of the coronavirus (COVID-19) pandemic, the market size dropped below one trillion in 2020 and 2021. In 2023, the market size was forecast to reach 1.21 trillion U.S. dollars.
Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars)
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Other statistics that may interest you Hotel industry worldwide
Industry overview
7
- Premium Statistic Global hotel and resort industry market size worldwide 2013-2023
- Premium Statistic Hotel openings worldwide 2021-2024
- Premium Statistic Hotel room openings worldwide 2021-2024
- Premium Statistic Monthly occupancy rate of hotels worldwide 2020-2023
- Premium Statistic Monthly hotel occupancy rates worldwide 2020-2023, by region
- Premium Statistic Change in monthly number of hotel bookings worldwide 2020-2023
- Premium Statistic Change in monthly number of hotel bookings worldwide 2020-2023, by region
Key players
4
- Premium Statistic Market value of biggest global hotel and resort companies 2023
- Premium Statistic Sales of biggest global hotel and resort companies 2023
- Premium Statistic Most valuable hotel brands worldwide 2023, by brand value
- Basic Statistic Leading hotel brands in the world 2022, by traveler ratings
Digitalization
7
- Premium Statistic Change in monthly number of online hotel searches worldwide 2020-2023, by region
- Premium Statistic Technologies global hotels plan to implement in the next three years 2022
- Premium Statistic COVID-19 hotel technologies or services that global consumers want long-term 2022
- Premium Statistic Hotel technologies global consumers think would improve their future stay 2022
- Premium Statistic Guests interested in touring hotels using VR/metaverse technology worldwide 2022
- Premium Statistic Guests interested to stay at hotels with automated messaging/chatbots worldwide 2022
- Premium Statistic Guests more likely to stay at hotels with self-service technology worldwide 2022
Construction outlook
5
- Premium Statistic Countries with the most hotel construction projects in the pipeline worldwide 2022
- Premium Statistic Countries with the largest amount of hotel rooms in the construction pipeline 2022
- Premium Statistic Cities with the most lodging projects in the pipeline worldwide 2022
- Premium Statistic Cities with the largest amount of lodging rooms in the pipeline worldwide 2022
- Premium Statistic Number of rooms in the pipeline worldwide 2022, by company
Further related statistics
16
- Customer satisfaction of Sokos Hotels in Finland 2014-2016
- Investments hoteliers are planning to spend more on worldwide 2016
- Number of five-star hotels in Italy 2022, by region
- Number of four-star hotels in Italy 2022, by region
- Ranking of companies in hotel industry Norway 2020, by turnover
- Importance of hotel special offers to customers and hoteliers by region 2015
- Number of beds in five-star hotels in Italy 2020, by region
- Importance of hotel loyalty programs to customers and hoteliers by region 2015
- Hotel room supply and pipeline in the United Kingdom (UK) 2018, by category
- Changes to amenities hoteliers are planning worldwide 2016
- Value per hotel room in Edmonton 2010-2021
- Value per hotel room in Regina 2010-2018
- Gross value added (GVA) of accommodation services in the UK 2014-2021, by type
- Gross revenue of Travellers International Hotel Group Inc. Philippines 2010-2019
- Licenses for beach resorts in Italy 2021, by region
- Number of hotel beds in Malaga, Andalusia 2019
Further Content: You might find this interesting as well
Statistics
- Customer satisfaction of Sokos Hotels in Finland 2014-2016
- Investments hoteliers are planning to spend more on worldwide 2016
- Number of five-star hotels in Italy 2022, by region
- Number of four-star hotels in Italy 2022, by region
- Ranking of companies in hotel industry Norway 2020, by turnover
- Importance of hotel special offers to customers and hoteliers by region 2015
- Number of beds in five-star hotels in Italy 2020, by region
- Importance of hotel loyalty programs to customers and hoteliers by region 2015
- Hotel room supply and pipeline in the United Kingdom (UK) 2018, by category
- Changes to amenities hoteliers are planning worldwide 2016
- Value per hotel room in Edmonton 2010-2021
- Value per hotel room in Regina 2010-2018
- Gross value added (GVA) of accommodation services in the UK 2014-2021, by type
- Gross revenue of Travellers International Hotel Group Inc. Philippines 2010-2019
- Licenses for beach resorts in Italy 2021, by region
- Number of hotel beds in Malaga, Andalusia 2019
IBISWorld. (January 14, 2022). Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved April 24, 2024, from https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/
IBISWorld. "Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars)." Chart. January 14, 2022. Statista. Accessed April 24, 2024. https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/
IBISWorld. (2022). Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: April 24, 2024. https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/
IBISWorld. "Market Size of The Hotel and Resort Industry Worldwide from 2013 to 2022, with a Forecast for 2023 (in Trillion U.S. Dollars)." Statista, Statista Inc., 14 Jan 2022, https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/
IBISWorld, Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/ (last visited April 24, 2024)
Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars) [Graph], IBISWorld, January 14, 2022. [Online]. Available: https://www.statista.com/statistics/1186201/hotel-and-resort-industry-market-size-global/