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Hotel  industry worldwide - statistics &  facts

The hotel industry is a subdivision of the hospitality industry that specializes in providing customers with accommodation services. There are a variety of hotel types that typically can be categorized by size, function, service, and cost. Levels of service can usually be split into three options: limited-service, mid-range service, and full-service. However, some consumers may be more familiar with the star rating system, with one being the lowest rating and five being the highest. The function of some of the categories includes business, casino, spa, extended stay, bed & breakfast, and more. The hotel and resort industry market size worldwide saw growth up until the start of the coronavirus (COVID-19) pandemic in 2020 when the market size dropped considerably. The industry was forecast to grow to 950 billion U.S. dollars in 2021, however, this figure still was still not predicted to reach pre-pandemic levels.

What are the biggest hotel companies?

Some of the key players in the hotel industry include Marriot International, Hilton Worldwide, the InterContinental Hotels Group, and the Wyndham Hotel Group. All of these companies house a variety of hotel brands in their portfolio’s, ranging from limited-service to full-service establishments. When comparing the subsidiaries of these companies in a list of the leading global hotel brands by brand value, Hilton Worldwide’s brand Hilton Hotels & Resorts took the top spot with a brand value of 7.61 billion U.S. dollars in 2021. Meanwhile, in a list of the leading hotel and resort companies worldwide by sales, Marriot International recorded sales amounting to 13.8 billion U.S. dollars during that same year. However, these are not the only figures that can be used to measure a hotel company's success. Wyndham Hotels & Resorts came top in a ranking of the hotels with the most properties worldwide with almost 8.9 thousand units. While Marriott International was the hotel company with the most guest rooms accounting for approximately 1.4 million rooms worldwide in 2021.

Impact of COVID-19 on the hotel industry

While the hotel industry has shown growth over the last decade, this trend came to an abrupt halt in 2020. This was a direct result of the coronavirus (COVID-19) pandemic which caused travel disruptions across the globe. One of the easiest ways to measure the well-being of the hotel industry is by monitoring its key performance indicators. These include the revenue per available room (RevPAR), average daily rate (ADR), and occupancy rate, all of which sharply declined in 2020. Hospitality operators around the world responded by increasing their focus on health and hygiene. A global survey in 2020 determined that the share of hospitality operators who wanted to invest in hygiene classifications was 86 percent. Meanwhile, only 14 percent of hospitality operators stated that they did not want to invest in health and hygiene classification. In addition to these measures, the pandemic also served as a springboard for the digitalization of the hospitality industry worldwide.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Dec 5, 2022

Key insights

Market size of the hotel and resort industry worldwide
1.06tr USD
Number of hotels opened worldwide
1,842
Leading hotel and resort company by market value worldwide
Marriott International
Get more insights

Editor’s Picks Current statistics on this topic

Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars)

Hotels

Global hotel and resort industry market size worldwide 2013-2023

Leading hotel companies worldwide as of September 2021, by number of properties

Hotels

Leading hotel companies worldwide 2021, by number of properties

Leading hotel brands based on brand value worldwide in 2022 (in billion U.S. dollars)

Hotels

Most valuable hotel brands worldwide 2022, by brand value

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Reports & StudiesGet the best reports to understand your industry

Marriott International
Marriott International
Hilton Worldwide Holdings
Hilton Worldwide Holdings
InterContinental Hotels Group
InterContinental Hotels Group
Hospitality industry in Canada
Hospitality industry in Canada
Hotel industry in the Netherlands
Hotel industry in the Netherlands

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