Global hotel industry statistics 2021. The UK hotel industry had a market size of £16.

Global hotel industry statistics 2021 Market Segmentation. 19 percent. Meanwhile, international visitor spending amounted to US$ 1. 13% between 2023 and 2028. , 2021). dollars in 2018. 4. 5% during the forecast period of 2024-2032. The hospitality, catering, and tourism industry accounts for approximately 3% of the total global workforce. 5 trillion. 45bn and exhibit Jul 4, 2024 · Find the most up-to-date statistics and facts on the global business travel industry. However, the pandemic Sep 26, 2024 · The global revenue in the 'Hotels' segment of the travel & tourism market was forecast to continuously increase between 2024 and 2029 by in total 85. S Global AI in Hospitality Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033. 77 billion by 2030. In that year, there were roughly two million workers employed at around Feb 29, 2024 · Discover all statistics and data on Hotels in Latin America now on statista. 5. To begin, we look at the hotel industry as a whole and at the performance of the major players within the hotel industry. Apr 1, 2021 · The global hotel and other travel accommodation market is expected to grow from $673. (Statista, 2023) The global hotel industry reached $71. 3%. Monday, November 8 Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Aug 30, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Most valuable hotel brands worldwide 2023, by brand value Leading hotel companies worldwide 2023, by number of properties Dec 28, 2021 · The hotel industry assumes a pivotal role in propelling Malaysia's economic growth (Sangaran & Selvanayagam, 2021), thereby necessitating a concerted focus on the development and augmentation of Jun 17, 2024 · In the fourth quarter of 2022, the occupancy rate of the U. Global hotel and resort industry market size worldwide 2022-2023; Value of M&A deals in the travel and hospitality India 2014-2021; Feb 28, 2022 · The global hospitality industry is witnessing a complex landscape of recovery and challenge as it emerges from the impacts of the pandemic. Services of Global AI in Hospitality Market. Sep 6, 2024 · Value of the secondhand apparel market worldwide from 2021 to 2028; Global tourism industry - statistics & facts . 02 billion, and it grew to $801. com January 31, 2022 01:45 PM Eastern Standard Time Sep 12, 2024 · When looking at the leading hotel and resort chains by sales, as ranked by Forbes in its 2024 "Global 2000" list of the largest companies worldwide, Marriott International Inc. Jul 15, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Most valuable hotel brands worldwide 2023, by brand value Leading hotel companies worldwide 2023, by number of properties Mar 27, 2024 · Global tourism industry - statistics & facts; Hotel industry worldwide - statistics & facts; Top Report This figure improved greatly over 2020 and 2021, when the European hotel market was hit Jun 9, 2023 · The global hospitality industry is worth nearly $4. (Passport Photo Online) In 2023, the hotel and resort industry market size worldwide reached $1. Search our report database Digital & Trend reports Global Industry Reports 2021. COVID-19: global change in international tourist arrivals 2019-2023 Market size of the virtual tourism industry Jun 21, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Mar 24, 2024 · Travelers are unlikely to feel comfortable staying at hotels in the near future, meaning low-occupancy rates will impact the hospitality industry for years to come. 9 billion in market value in 2022, a 2% decrease from 2021. Jun 10, 2024 · Premium Statistic Global market size of the hospitality industry 2023-2029 Premium Statistic Key business priorities of travel and hospitality companies worldwide 2020 Mar 9, 2023 · From 2021 to 2025, the global hotel and travel accommodation industry is projected to have a CAGR of 7%. " Chart. May 10, 2024 · This statistic shows the global hotel industry market size from 2014 to 2018. Nov 22, 2022 · The 33 Definitive Hospitality Industry Statistics You Need to Know For 2023 — Photo by RezRecover by CartStack the global hotel and resort industry market is estimated to grow at a CAGR of 8 Mar 25, 2021 · The annual report tracks global hotel industry performance across myriad revenue, expense and profitability metrics and features commentary focused on the trends that drove business in 2020 Sep 12, 2024 · When looking at the leading hotel and resort chains by sales, as ranked by Forbes in its 2024 "Global 2000" list of the largest companies worldwide, Marriott International Inc. Community lockdowns, social distancing requirements, stay-at-home orders, travel and mobility restrictions, and dining limitations have resulted in a temporary suspension of many hospitality businesses and significantly decreased the demand for businesses that were Hotel industry worldwide - statistics & facts; Top Report. 5%. 4 Billion in 2030, at a CAGR of 10. Nov 9, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Nov 8, 2023 · Global tourism industry - statistics & facts; Global hotel and resort industry market size worldwide 2022-2023; Leading technologies adopted in hotels worldwide as of November 2021, by Value of the secondhand apparel market worldwide from 2021 to 2028; Global tourism industry - statistics & facts; Demand for sustainable hotels by global corporate travel managers 2022. adults, as well as data from surveys conducted from between October 2021 to September 2024 among roughly 2,200 U. RevPAR growth is forecast to reach about 3% year-over-year, driven by the ongoing recovery in inbound international travel; strong performance in the meetings and group events segment; and continued demand from leisure travelers. 52 trillion the industry was worth 4 years ago, it’s still a step in the right direction. HotStats provides monthly P&L benchmarking and market insight for the global hotel industry, collecting monthly detailed financial data from more than 8,500 hotels worldwide and over 100 Aug 23, 2024 · (Hospitality Global Market Report 2023) The projected growth of the global hospitality market is set to soar to a staggering $5,816. hotels showed “a steady ascent” from 2020 in 2021, according to HotStats' latest report. The UK hotel industry had a market size of £16. There are over 700,000 hotels in the world. 5% of all jobs (334 million) and 10. The average room rate in the US is $120. 2% in late 2024 (BLS). 36 billion by 2032, exhibiting a CAGR of 11. 3 trillion). Nov 12, 2024 · Find the most up-to-date statistics and facts on hotel industry in China Global tourism industry - statistics & facts Revenue of Shanghai Jin Jiang Capital Ltd. A hotel is a maintained facility or institution that offers guests a place to stay overnight - in return for money - on a short-term basis. State of the Hotel Industry report, released in January 2021, demonstrated just how resilient the hotel industry is and forecast what was ahead for hotel owners and operators, workers, and travelers. 90bn in 2029. , 2020). 6 million rooms in the world. This rounded off a decade of almost continuous revenue growth, highlighting the value of the industry and explaining why hospitality assets have grown in attractiveness for investors. Regions around the world, from Europe to the Americas, the Middle East, and APAC, are navigating their unique economic conditions, market dynamics, and consumer behaviors. The hotel sector’s global worth surpassed $4,548T in 2022 and is anticipated to grow at a compound annual growth rate of 7% from 2021 to 2025. After RevPAR rose to a record high in 2023, CBRE expects the U. 2021; COVID-19: impact on U. May 24, 2022. Oct 22, 2024 · The global hotel industry had 2,246 new openings in 2021, which is projected to increase to 2,805 in 2022 and 2,934 in 2023. Our first . , Belmond Ltd. China and North America are leading the way, recording occupancy levels of 62% Mar 1, 2022 · In 2020, however, this industry faced unprecedented challenges and threats from the impact of the COVID-19 pandemic (WTTC, 2020b). Global Hospitality Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion) 5. and Hyatt Corporation are the major companies operating in this market. S The Hotels market in the United Arab Emirates is expected to experience a significant growth in revenue in the near future. Mar 6, 2024 · Global hotel and tourism industry operating profit margin Q1 2021-Q2 2024 + Premium statistics Global hotel and tourism industry gross margin Q1 2022-Q2 2024 Mar 1, 2024 · Hotel industry worldwide - statistics & facts; Top Report. Jun 26, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Nov 18, 2022 · Global tourism industry - statistics & facts; Hotel industry worldwide - statistics & facts 2021). Aug 26, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Oct 22, 2024 · Global Hotel and Resort Industry: Market Size, Leading Brands, and Most Expensive Hotels The global hotel and resort market is valued at $1. The Tourism industry has gone through numerous uptrends and downtrends throughout the period. The global hospitality industry is worth over $4. ESG rules and regulations vary across different markets, with some countries more advanced than others in terms of introducing legislation to mitigate climate change, such as mandating that new construction and remodels meet strict regulatory requirements. 8% of the global market in 2021, followed by North America, Western Europe, and other regions. The hospitality market research report is one of a series of new reports that provides hospitality market statistics, including hospitality industry global market size, regional shares, competitors with hospitality market share, detailed Hospitality market segments, market trends, and opportunities, and any further data you may need to thrive The US hotel industry is coming back to pre-pandemic levels, with lower-tier hotels outperforming luxury brands . lodging industry is predicted to reach 59. Hotels Market was valued at USD 981. The Hotels market in in Malaysia is projected to grow by 3. It is projected that by 2025, revenue will reach US$0. Basic Statistic Revenue of the global spa industry in 2022, Aug 30, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 When looking at the leading hospitality and recreation chains by sales, as ranked by Forbes in its 2024 "Global 2000" list of the largest companies worldwide, Compass Group came out on top. services in the exhibition industry continued, the industry began to re-emerge, fueled by national vaccine distribution and consumer optimism. Key information on the global travel agency industry January 2024; Overnight travelers in NCR Philippines 2021-2023, by type Oct 8, 2021 · Global hotel guests that would use an app to order from hotel restaurants 2020 The most important statistics Cloud-based IT software benefits in the travel/hospitality industry worldwide 2020 Value of the secondhand apparel market worldwide from 2021 to 2028; Hotel industry worldwide - statistics & facts; Top Report. 2% as of February 2023. 1. About 10. This shows a slight decrease over the previous quarter's figure of 61. dollars). 59 billion in 2022 to $4,699. When you are evaluating performance of a hotel in a market, it's the single source of truth at the moment. 44% (2025-2029) resulting in a market volume of US$1. Regarding 2021 the tourism industry starts to rise at a minimal speed. This large growth rate is in part the bounce back from global restrictions on travel. Today’s travelers aren’t settling for accommodations; they’re seeking experiences that accommodate their values. , by expense segment 2015; Hotel and motel industry business count in the U. Jul 21, 2021 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 To begin, we look at the hotel industry as a whole and at the performance of the major players within the hotel industry. 41 percent May 12, 2023 · UK hotel industry statistics. To meet these expectations, hospitality brands need new strategies, insights, and tools. The industry expert expects hotels to lose up to $400 million in Aug 9, 2024 · Hotel industry worldwide - statistics & facts; Top Report. 1% and reach US$1. Struggles to fill positions Jun 10, 2024 · Global tourism industry - statistics & facts; This interest in AI extends to the hospitality industry, market revenues worldwide in 2020 and forecasts from 2021 to 2023 (in billion U. According to a recent study by Deloitte, 53% of hoteliers are currently at 25-74% of their pre-pandemic workforce, and less than 10% expect to be completely staffed by the end of 2023. The market size of the hotel industry in the UK is expected to reach £19. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments. 32 billion in 2024 to USD 369. (JLL, 2022) Despite economic headwinds, two of the three global regions—the Americas and APAC—saw increased hotel investment volume in 2022. ; b. 01. 67% (2025-2029) resulting in a market volume of US$511. 5 days ago · Hotel Industry Statistics: As of 2019, there are over 700,000 hotels and resorts worldwide, with the US alone hosting around 91,000 hotels and motels generating more than $194 billion in annual revenue. Hotel Size of Global AI in Hospitality Market. ” Global tourism industry - statistics & facts Global hotel and resort industry market size South Africa from 2000 to 2021; Occupancy rate of hotels in South Africa by stars 2012-2022 Global Tourism Statistics 2021. 87 Billion Hospitality Markets Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F - ResearchAndMarkets. 05 trillion in 2025. A. Dec 10, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 The Global Luxury Hotel Market size was valued at USD 93. 58bn in 2029. 5% from 2021’s figure of £11. 27 trillion, 20% higher than the $1 trillion 2020 Oct 23, 2024 · Hotel industry worldwide - statistics & facts; Top Report. 49 billion U. As of December 31, 2018, the global hotel market revenue reached $540 billion, a 13% increase compared to the previous year. Global hotel and resort industry market size worldwide 2022-2023; Nations with largest brand value drop 2021; Number of Accor hotels in Brazil Jan 10, 2024 · While that isn’t anywhere near the $1. hotel industry GDP contribution 2020; Dec 10, 2024 · In a 2023 survey of global hotel chains, predictive modeling for environmental protection ranked as the biggest AI opportunity in property operations. As of 2023, there are currently 9,796 hotels in the UK. 2 percentage points compared to 2020, while overall group rooms revenue volume mix was down 4. Apr 18, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Sep 26, 2024 · Hotel industry worldwide - statistics & facts; Top Report. The global hotel industry is expected to grow at 8. 7 trillion to the global economy every year. Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 #4 Tech Adoption as a Way to Cope with Staff Shortages. The American Hotel & Lodging Association estimates that the pandemic reverted 10 years of job growth in the US hotel industry, as over 670,000 hotel industry jobs and almost 4 million hospitality jobs were lost in 2020. 1%, from $3,952 billion in 2021 to $4,548 billion in 2022. 7 trillion in 2023, with forecasts predicting 23. 2. 79 percent. ITC HOTELS, Marriott International Inc, Accor S. 1% from 2022. Aug 19, 2024 · In 2023, hotel booking growth worldwide peaked in January and February, surpassing 130 percent - there was also a notable increase in hotel booking growth during the summer months of June and AHLA's State of the Industry Report outlines the forecasted state of the hotel industry in 2021 and into the immediate future. Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028. Read more Dec 23, 2024 · The global luxury hotel market size was valued at USD 140. dollars (+20. 4 Billion in 2021. In 2023, the hospitality industry contributes $4. 9 billion in 2021 at a compound annual growth rate (CAGR) of 19. Jul 21, 2021 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jan 30, 2024 · Global tourism industry - statistics & facts; Tourism & Hospitality. The market is projected to grow USD 238. Application of Global AI in Hospitality Market. Mar 31, 2022 · This report highlights the key trends in the Indian hospitality industry in 2021 along with the sector performance metrics, brand signings, and brand openings during the year. Global hotel and resort industry market size worldwide 2022-2023. •STR data as of April 2021 show that RNO has recovered strongly to 98% by April 2021 while May performance was somewhat impacted by the Perth and Peel lockdown in late April. Aug 26, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jul 8, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Aug 19, 2024 · Discover all statistics and data on Hotel industry in South Africa now on statista. Jan 31, 2022 · Global $3,952. Oct 24, 2024 · In the second quarter of 2024, the gross margin of the global hotel and tourism industry was 61. From isolating specific months or days of data to analyzing over 30 years from STR’s database, there’s an industry Trend Report customized especially for your Mar 28, 2024 · According to the Hospitality Global Market Report 2023 the global hospitality marketgrew from $4,390. to see another year of improvement in 2024. I think STR has become a household name, a staple within hotel management companies. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. Since mid-February, hotels in the US have lost more than $46 billion in room revenue, according to the AHLA. China 2011-2021; Annual revenue of Huazhu Jan 3, 2025 · Dive Insight: The findings in Morning Consult’s report, authored by travel and hospitality analyst Lindsey Roeschke, were based on a survey conducted in October 2024 among 4,450 U. As a result, Perth was the only capital city to have seen an annual RNO decline of less than -30% in 2020. 02 billion in 2020 to $801. 2% during the forecast period. 1. Sep 13, 2021 · Global hotel guests that would use an app to order from hotel restaurants 2020 The most important statistics Cloud-based IT software benefits in the travel/hospitality industry worldwide 2020 Apr 22, 2024 · Global tourism industry - statistics & facts. Staff shortages are an ongoing challenge for the industry. This will result in a market value of $1. There are 166,272 Hotels & Motels businesses in the US as of 2023, an increase of 7. hotel occupancy rate is 64. Dec 29, 2021 · Major companies in the hospitality market include Compass group plc, Starbucks, Sodexo, Marriott International, Aramark corporation, McDonald’s, Darden Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jan 4, 2024 · Hospitality Net, Impact on the hotel industry's key performance indicators in the United States due to the coronavirus (COVID-19) pandemic for the week ending December 25, 2021 Statista, https Jul 24, 2024 · When looking at the leading hotel and resort chains by market value, as ranked by Forbes in its 2024 "Global 2000" list of the largest companies worldwide, Marriott International Inc. Aug 21, 2024 · As of April 2024, the market size of the global casinos and online gambling industry reached 305. The Hotels market worldwide is projected to grow by 3. The COVID-19 pandemic has resulted in difficult times for the global tourism and hospitality industry (Clark et al. 28 billion in 2023 and is anticipated to grow from USD 154. https://www Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Dec 4, 2024 · The global hospitality industry is projected to grow from $4. The average U. Number of hotels in the UK. Aug 18, 2022 · As a result, it is essential to collect all the relevant hospitality industry statistics to fine-tune your digital and social strategies to match the rapid changes currently impacting the sector 1. This marked the pinnacle of seven years of growth, starting from around $9 million in 2012. 5 trillion, showing an increase over the previous year. 2 percent. 9 billion in 2021, which is a CAGR of 19. 07 percent. Nov 8, 2024 · Unemployment in the hotel industry reached a peak in April 2020 at 39. In 2019, the global hotel industry saw $550 billion in rooms revenues, which was a record and up 2. 6. 1 trillion in 2022 to $9. 42 billion as of 2022, an increase of 45. 8 billion U. Hospitality Market Segmentation . Hotel industry worldwide - statistics & facts; for 20 percent of the global tourism expenditure in 2021. Learn how Deloitte can help you buy into better—and turn a stay into a “never want to leave. Jul 4, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Market size of the hotel and resort industry worldwide in 2022 and 2023 (in trillion U. Mar 28, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Nov 5, 2024 · Hotel and motel industry employee count in the U. "Market size of the global food service industry in 2021, with a forecast for 2028 (in trillion U. 13 billion, with a growth rate of 18. Let’s understand what the hotel industry looks like in 2024. 5 billion U. dollars. 6. com! Global hotel and tourism industry operating profit margin Q1 2021-Q2 2024 Expected revenue of out workers in the mining industry. Market value of the hotel industry in China from 2013 to 2019 with an estimate for 2020 (in Hotel industry worldwide - statistics & facts; Top Report. adults monthly. What was the global value of the hotel industry in 2019, and how did it evolve before the COVID-19 pandemic? In 2019, the global hotels and resorts market was worth over $1. 3. China 2011-2021 Industry Trends. 26. 88 Billion by 2030, exhibiting a CAGR of 9. 04bn in the Hotels market by 2025. 548 trillion as of 2022 and is projected to see a CAGR of 7% from 2021 to 2025. hotels worldwide 2021 Oct 23, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 May 13, 2021 · Amadeus’ Demand360® data shows worldwide hotel occupancy increasing from 31% in January 2021 to 46% in April 2021. The travel and tourism industry are a significant industry that generates cash for most governments. I'd be surprised, or let me say differently, I am surprised when I come across a hotel that does not contribute their data. The UN Tourism Statistics, Standards and Data Department is committed to developing tourism measurement for furthering knowledge of the sector, monitoring progress, evaluating impact, promoting results-focused management, and highlighting strategic issues for policy objectives. 8% in growth over the next four years. com! Premium Statistic Global hotel and resort industry market size worldwide 2022-2023 hotels 2021, Dec 18, 2024 · According to the US Bureau of Labor Statistics, hospitality unemployment rates decreased from more than 15% in early 2021, to 6. The retail value of the global hotel industry was 600. (EHL Insights) Mar 22, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Oct 22, 2024 · Global Hotel and Resort Industry: Market Size, Leading Brands, and Most Expensive Hotels The global hotel and resort market is valued at $1. 66 billion by 2027, with a remarkable compound annual growth rate (CAGR) of 5. 36% is expected between 2025 and 2029, resulting in a projected market volume of US Hospitality. An annual growth rate of 6. 57 billion in 2023 at a compound annual growth rate (CAGR) of 7. Jul 4, 2024 · While other accommodation options like Airbnb have become extremely popular, hotels are still a huge business globally, and in 2023 the hotel and resort industry market size worldwide reached In 2021, the global hotel industry was worth $4. 3 days ago · The 2024 G20 Summit pushed Rio de Janeiro’s hotel industry to its highest average monthly daily rate (ADR) and revenue per available room (RevPAR) since August 2016, according to November preliminary data from CoStar. (Zippia) 833 hotels opened in the US in 2020, and out of these, 29% were extended stay hotels. S. 4 percentage points. (Hospitality Global market report 2022) Growth trends in specific sub-sectors Apr 22, 2024 · Global hotel and resort industry market size worldwide 2022-2023 AI/machine learning opportunities in hotels' property operations worldwide 2021-2023 Accessed January 10, 2025. 2019 ended and 2020 was considered one of the most challenging years for the whole tourism industry. Mar 20, 2024 · U. Expert industry market research on the Global Hotels & Resorts (2014-2029). 91 trillion in 2019. The industry shows strong signs of recovery after sustaining heavy losses during the Covid-19 pandemic. 1%. 41 billion in 2025 and grow at a CAGR of 9. In 2020, the global hotel and travel accommodation market was worth $673. 0%. 22 Billion in 2023, and it is expected to reach USD 1816. 28 billion. Employment Trends: The hospitality industry is a major employer, with 10% of the global workforce employed in tourism. Global hotel and resort industry market size worldwide 2022-2023; Number of Wyndham Hotels & Resorts, Inc. Global Hospitality Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion . 05 percent). 4% of global GDP (US$ 10. dollars) Premium Statistic Accommodation booking value worldwide 2017-2027, by type of stay Sep 26, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 In 2019, prior to the COVID pandemic, Travel & Tourism (including its direct, indirect, and induced impacts) accounted for 10. Reports Report Shop. Feb 28, 2022 · The report suggests the hotel industry will not be back to optimal operating performance until the corporate and group pieces return. Global hotel and resort industry market size worldwide 2022-2023; Value of M&A deals in the travel and hospitality India 2014-2021; Mar 28, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jun 1, 2021 · Global tourism industry - statistics & facts; Hotel industry worldwide - statistics & facts; Top Report. 2011-2022; Breakdown of hotel industry labor costs in the U. 5. View Report. Global tourism industry - statistics & facts Employee numbers in the hotel industry in China 2009-2023 Revenue of Shanghai Jin Jiang Capital Ltd. 49T as of 2023. Feb 29, 2024 · Global hotel and resort industry market size worldwide 2022-2023 Accommodation booking value worldwide 2017-2027, by type of stay Monthly occupancy rate of hotels worldwide 2020-2024 Apr 5, 2023 · Source: Cornell Hotel Sustainability Benchmarking Index, Greenview, 2021. Oct 24, 2024 · In the second quarter of 2024, the operating profit margin of the global hotel and tourism industry was 20. Hotel Type of Global AI in Hospitality Market. In 2021, corporate volume mix was down 6. How many hotels are there in the world? 1. 5 million people are employed in the global hotel and resort industry. 43% to reach USD 218. Nov 22, 2022 · The 33 Definitive Hospitality Industry Statistics You Need to Know For 2023 — Photo by RezRecover by CartStack the global hotel and resort industry market is estimated to grow at a CAGR of 8 Mar 25, 2021 · The annual report tracks global hotel industry performance across myriad revenue, expense and profitability metrics and features commentary focused on the trends that drove business in 2020 Mar 15, 2021 · Global hotel guests that would use an app to order from hotel restaurants 2020 The most important statistics Cloud-based IT software benefits in the travel/hospitality industry worldwide 2020 Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 The Global Luxury Hotel Market is expected to reach USD 139. Worldwide hotel industry statistics. The Hotel Industry at a Glance. 95 trillion by 2028, with a compound annual growth rate (CAGR) of 16. In 2019, occupancy rates in United States hotels reached a little over 70 percent Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jan 1, 2023 · These policies are implemented to contain the spread of COVID-19 and flatten the death and infection curves; however, they dramatically affect the tourism and hospitality industry (Chen et al. 5% on the prior year. Indonesia is projected to reach a revenue of US$5. Meanwhile, the whole global hospitality market is predicted to grow by 15. Global Hospitality Total Addressable Market (TAM) 6. This shows an increase over the previous quarter's figure of 16. Businesses have needed to adapt to increasing remote work, changing travel patterns and new concerns over health and safety. ) Region-wise performance: Asia Pacific was reported as the largest region in the hotel and other travel accommodation market, accounting for 35. The hotel industry is growing at an average rate of 10% each year. Global Hotel and Resort Industry Market Size: 2013–2023 Dec 19, 2023 · Find the most up-to-date statistics and facts on hotel industry in India Global hotel and resort industry market size in the travel and hospitality India 2014-2021. The industry consists of more than 191,000 hotels, representing over 17. These unrivaled insights empower you to make informed decisions. It also provides our outlook for the sector for 2022. Dive into historical performance trends and see how the industry adapts to changing market dynamics. Non-Residential Accommodation Services annual Global Hotel Study. Feb 28, 2022 · HotStats has released its annual “Profit Matters Global Hotel Performance Review,” examining | Gross operating profit per available room in U. 76 billion in 2023. ivmmzly xpuw ecpohx jikkut ppgha ttws kexruz lcccfn zxs egzh