Number of hotel rooms in the U.S. 2017-2020, by chain scale segment. As of December 31, 2020, the lodging industry in the United States consisted of roughly 5.29 million hotel rooms, 21.4 percent of which belonged to the upper midscale segment.
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There are at least 187,000 hotels in the world as of 2023. There are an estimated 17.5 million guestrooms in the world. The global hospitality industry is worth over $4.548 trillion as of 2022.
In 2019, the last year for which we have historical data, there were 219 thousand hotel establishments in Europe which works out to 1.3 properties per company, on average while the average enterprise operating within the formal short-term rental accommodations sector had 2.5 properties in 2019.
There are 6,489 Hotels & Motels businesses as of 2022, an increase of 0.2% from 2021. Has the number of Hotels & Motels businesses grown or declined over the past 5 years? The number of businesses in the Hotels & Motels industry in Canada has grown 0.2% per year on average over the five years between 2017 - 2022.
Key Statistics:There are over 700,000 hotels and resorts worldwide. The industry is thriving and worth over $570 billion worldwide. Beijing, China, has the most hotels in the world, with over 4,100.
This is a list of hotels in Europe that have 1000 or more guest accommodation rooms. Since 1980, the largest hotel in Europe is the Izmailovo Hotel in Moscow, Russia with 5,000 rooms divided between four buildings. The Izmailovo Hotel is the largest hotel in Europe.
US HOTEL INDUSTRY STATISTICSThere are 166,272 Hotels & Motels businesses in the US as of 2023, an increase of 7.1% from 2022. The U.S. hotel industry is projected to achieve 1.3 billion occupied room nights in 2023.
European hotel rooms are typically cheaper than those in the US. This is because Europeans have a smaller overall disposable income than Americans. Europeans usually travel less than Americans, so they are more likely to stay in smaller, less expensive hotels.