Asia Pacific: Central & South Asia, Northeastern Asia, Southeastern Asia, and Australia & Oceania
Americas: North America, Caribbean, Central America, and South America
Europe: Eastern Europe, Northern Europe, Southern Europe, and Western Europe
Middle East / Africa: Middle East, Northern Africa, and Southern Africa
Global hotel industry - additional information
The occupancy rate of hotels is the share of an establishment’s available rooms that are occupied at a given time. The occupancy rate is usually used alongside two other statistical units, the average daily rate (ADR) and revenue per available room (RevPAR), to measure a hotel’s performance. In 2017, Europe had the highest hotel occupancy rate worldwide at 71.9 percent, followed by the Asia Pacific region at 70.9 percent. The Middle East and Africa had the lowest rate at 62.1 percent. In terms of average daily rates, however, the Middle East and Africa was by far the most expensive region at 140.94 U.S. dollars, followed by the Americas at 126.43 dollars. The revenue of the global hotel industry amounted to approximately 495.17 billion U.S. dollars in 2016.
In the United States, the hotel industry generated 199.3 billion U.S. dollars in revenue in 2016. In 2017, the occupancy rate of U.S. hotels was 65.9 percent and the average daily rate was around 126.72 U.S. dollars. The most expensive U.S. city for hotels in 2016 was Boston with an average daily rate of 266 U.S. dollars. New York placed second with 258 dollars. The hotel chain with the largest number of properties in the U.S. was Holiday Inn Express, owned by InterContinental Hotels, with just short of two thousand hotels.