Despite the rise of popular homestay websites, such as AirBnB, the hotel industry is still expanding. The hospitality industry is one of the fastest growing industries anywhere in the world, and the hotel industry is growing with it.
This can be demonstrated in hotel occupancy rate growths across the world.
In 2019, European hotels reached a 10-year occupancy rate high, averaging 72.2%. 10 years previously, occupancy rates in European hotels were at a much lower 60.5%.
European Hotel Statistics
The hotel and travel stats in this infographic provide insight into the European hospitality industry.
28% - Increase in visitors to Turkey
In 2017, Turkey experienced a 28% growth in visitors to the country.
86.9 Million – The number of visitors to France
France is the most visited country in Europe, with 86.9 million visitors per year.
1.86 Million – Number of hotel rooms in Italy
As of 2017, Italy had 1,086,910 hotel rooms. This is more than any other country in Europe.
82.3% - The highest occupancy rate
London was the joint leader, alongside Prague, in the occupancy rate forecast for 2019, both with an occupancy rate of 82.3%.
24% - Increase in travelling visitors in 2017
Iceland saw a 24% growth in visitors in 2017. It is the fastest growing European destination since 2012.
Global Hotel Statistics
700,000+ - The number of hotels and resorts in the world
$500 Billion – The global value of the hotel industry, as of 2018
1,250 Hotels – With 1,250 hotels, Thailand has more hotels that any other country in the world
$100,000 per Night – At a cost of $100k per night, the Empathy Suite in the Palms Casino Resort in Las Vegas is the most expensive hotel room in the world
113 – In Las Vegas, there are approximately 113 hotels, with over 150,000 hotel rooms
24,420 – The increase in hotel rooms in Las Vegas from 2000 to 2017
$306 – Averaging $306 per night, New York contains some of the most expensive hotels in the world