Statistics & Facts on the Hotel and Lodging Industry | Statista

Statistics & Facts on the Hotel and Lodging Industry | Statista

Statistics and facts on the hotel industry

The global hotel industry was forecasted to generate 550 billion U.S. dollars in revenue in 2016. The hotel company contributing the most to this figure was the British hotel chain InterContinental Hotels Group which, in 2013, made 21.6 billion U.S. dollars in over 4,600 hotels worldwide. Other major players in this industry include Hilton Worldwide and Marriott International with 3,992 and 3,672 hotels, respectively, across the world.

Important performance measures for the hotel industry are the average daily rate (ADR), the revenue per available room (RevPAR), and the occupancy rate of a hotel. In order to achieve the most accurate performance indication, these benchmarks should be analyzed together. In April 2014, the highest occupancy rate in the world was seen in the Asia Pacific region at 68.8 percent. In the same month, both the highest ADR and the highest RevPAR were seen in the Middle East and Africa.

Despite having one of the lowest occupancy rates in the world in the last month of 2013 (the occupancy rate in the Americas was just 50.5 percent at this time), the hotel industry in the United States generated 163 billion U.S. dollars in revenue that year. By 2014, the ADR in U.S. hotels was forecasted to reach around 115 U.S. dollars. In 2013, the most expensive city in the U.S. in terms of average daily rates was Honolulu, Hawaii, closely followed by New York.

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