Hotel industry data AI Market in Hospitality to Reach $0. Meliá Hotels International, Barceló Hotel Group, Eurostars Hotel Company, Marriott International and NH Hotel Group are the major companies operating in this market. Connecting you to apps that make your everyday better. 2023 In our commitment to helping further advance the hotel industry’s growth through the sector’s most comprehensive and accurate data and analytics, we are pleased to bring you our fourth annual Global Hotel Study. With every single hotel address, our customers take the profit: 3 decades of development have created this globally unique resource: A most powerful and dominant tool in marketing. Dec 18, 2024 · A Look at the Hospitality Industry's Global Impact . HOTEL INDUSTRY OUTLOOK 2023 . However, the pandemic Aug 19, 2024 · The market size of the hotel and resort sector worldwide peaked at 1. Choice Hotels has committed to use cage-free eggs in 100% of the company’s properties around the world by 2025. 3 hours ago · The Federation of Hotel & Restaurant Associations of India (FHRAI) has voiced concerns over Zomato and Swiggy's entry into the 'private label' food delivery domain. The ERD is intentionally presented in a de-normalized fashion and with consideration for how data is stored in Adobe Experience Platform. Before diving into the importance of data analytics in hospitality industry, let’s start with a definition. 2008-2016; Quarterly average daily rate in hotels in Washington D. 7% in the week prior. The Australian Hotel Market’s Recovery from COVID-19 –Page 6 Dec 20, 2024 · The hospitality industry is undergoing a significant transformation due to advances in technology. Oct 3, 2017 · This means a single engine could produce more than 400 terabytes of data during one 12-hour flight, and the aerospace industry alone might soon generate more data than the entire consumer Internet. Oct 18, 2024 · As a small, independent hotelier, you might be looking for a bit more of a hotel star report explanation. 6%. dollars. 6 days ago · Our data shows that 56% of guests value consolidated folios that simplify their experience, but more importantly, they appreciate hotels that demonstrate understanding of their evolving preferences over time. Trends® in the Hotel Industry is a compilation of unit-level hotel financial statements. Trends like full automation, AI, open access to data, and strategic partnerships with vendors powered by P2P solutions are improving efficiency and creating value in new and Unmatched data quality and participation. It includes data related to customer preferences, booking patterns, travel trends, hotel occupancy rates, tourist arrivals, and other relevant metrics. 3 millionxlii in This report presents a range of statistics and facts on the hotel industry in India with a global overview. Room demand growth was nearly identical between the Top 25 Markets and the rest of the country, and all chain scales posted room demand increases. 28 billion. 6 billion. Standard (data for the last 6 years) + 2 bonus years; 10 Year (data for the last 10 years) + 3 bonus years; Extended (data beginning in 2000) Aug 16, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. First, let’s take a look at the current state of the hotel industry. Demographics Hotel Industry Statistics. From these statements, our Firm extracts 200 specific revenue and expense items and then puts the data into a uniform format to ensure equitable benchmarking. Key data on the casino hotel industry in the U. Those stays were still nine per cent below 2019 levels in the first nine months of 2024, but the gap had narrowed by six percentage points since the end 14 hours ago · Hotel Industry Statistics stated that TikTok ads in the travel, hospitality, and leisure industries have an average engagement rate of 0. This database also includes segmentation analysis by hotel type and allows clients to effectively benchmark different markets against one another. Industry leaders argue that bank holidays provide a substantial boost to businesses, especially in challenging economic climates. 2. As of June 2024, RevPAR was up 2. 9% improvement over 2020’s low of 831. CoStar is a leading provider of Nov 26, 2024 · Hotel data tells a great story, but sometimes you want more of the conversation behind the numbers. It’s almost hard to believe after The last important trend from 2023 I want to mention is another ongoing one, and that is the movement towards hyper-personalization in the hospitality industry. Use the most detailed reports in the industry to read the market, make wiser development decisions and trigger smarter investments. The 2023 projection is a 56. Roughly 48 The STAR Report remains a foundational piece of the industry’s leading benchmarking solution. g. According to Statista, there were 184,299 hotels worldwide in 2018. India Hotels Market: Global Market Size and Forecast by Segmentation (by Value) (2023-2030) 4. hotel (63,000+) sold 10 less rooms, on average, this November than in 2019. America’s hotels are an economic engine, powering communities across the country. 2023, by state The Hotels market in in Greece is projected to grow by 3. 4 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. 1. May 31, 2023 · The phrase big data was coined in the 1990s, but since Facebook arrived on the scene in 2005, the term has taken on a whole new meaning. Oberoi Hotels & Resorts, The Park Hotel, ITC Hotels, Lemon Tree Hotels and Taj Hotels are the major companies operating in this market. Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. Our hotel asset management experts deliver the latest trends in the industry including topline outlook, investor surveys, financing trends, and US hotel KPIs. It is not, as the name might suggest, a report on the star rating of your hotel. That’s where hotel software comes into play. It is projected that the revenue of Hotels market will reach US$443. 1 hotel company CEOs who are men for every woman CEO. 08 billion in 2025 and grow at a CAGR of 4. Oct 22, 2024 · Smart hospitality was valued at around $6B in 2020 and is projected to grow to $58. Hotel industry revenue in Canada is projected to reach $9. Apr 10, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 4 January. 62x NMH 3. Shortly after the economic reform of 1978, several joint-venture Oct 23, 2024 · In this article, we look at how the pandemic affected the Canadian hotel industry and how the recovery is going among other interesting hotel industry statistics. It is a powerful tool that can positively impact various aspects of the business, such as customer experience, marketing, pricing, food and beverage sales, occupancy rates, etc. business intelligence) but also – and most importantly – to generate prescriptive analytics to orientate their strategy. 2. Dec 24, 2024 · AI Statistics in Hospitality in 2025 (Top Editor’s Pick) 1. I think both are true. 14 hours ago · The outbound American travel market is a key driver of growth for Canadian hotels, accounting for roughly 70 per cent of all international overnight stays, according to Statistics Canada data. Ranking second is the Marriott Hotel, a 5-star gem at 122 Joel Ogunnaike Street, Ikeja GRA, Lagos, with a search volume of 45. 20 million in 2025 and grow at a CAGR of 6. 15 hours ago · Boasting 56 guest rooms, the Vault Hotel now enables patrons to either pre-book or spontaneously access workout gear. Looking forward to the future. Using Amadeus’ Demand360 ® forward-looking occupancy data, access an overview of hotel booking and occupational trends worldwide: Forward-looking occupancy data; Current state of the hospitality industry; Booking lead times, channels and pace; Data per country and continent; And more! Dec 4, 2024 · QUICK SUMMARY. After RevPAR rose to a record high in 2023, CBRE expects the U. These unrivaled insights empower you to make informed decisions. 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 1. 85K hotels; 11M rooms; 2,744 geographical segments; 17,443 class/scale segments 6 days ago · It could mean that hotels and hotel companies need people who know how to use technology to drive results, or there’s a misunderstanding in the hotel industry about how technology can drive significant change. Industry Growth and Recovery. 4% in the same period, while midscale hotels were down 1. 95 trillion by 2028, with a compound annual growth rate (CAGR) of 16. 45bn and exhibit Jan 19, 2023 · Additional Performance Data STR’s world-leading hotel performance sample comprises 75,000 hotels and 10 million hotel rooms around the globe. Up-to-date information is vital to business planning. Sep 23, 2024 · What is Big Data in Hospitality Industry. Hospitality Industry In Turkey analysis includes a market forecast outlook for 2025 to 2030 and historical overview. In 2019, the global hotel industry saw $550 billion in rooms revenues, which was a record and up 2. More hoteliers will find themselves transitioning to new systems in 2025. The US lodging sector is expected to experience muted growth in 2025, driven by moderate increase in average daily room rates and stable occupancy levels, resulting in an annual increase in revenue per available room of 1. Statistics for the 2025 Hospitality Industry in Malaysia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 1% for luxury hotels, 2. Search. Protecting Hotels from Onerous Workplace Rules that are defining the future of hotels and travel. Over the last few years, a lot has changed in the hotel industry. 6 billion yuan. Get PartnerNet's latest travel trade publications, research and statistics to understand the facts and development of Hong Kong tourism industry. are the major companies operating in this market. com as the most valuable tourism brand in the world, and new positions opening up in the sector), we can confirm that the hospitality industry is poised for a significant Jan 6, 2025 · Thinking about the data in another way, each U. , the bleisure and wellness markets on the up, room demand set to reach an all-time high, booking. 87% to reach USD 313. 9k visitors. 2023 This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in leisure and hospitality. Expert industry market research on the Hotels and Resorts in Australia (2014-2029). hotels lost more than 680,000 direct employees in one year from 2019 to 2020. Elite Hotels, First Hotels, Nordic Choice Hotels, Scandic Hotels and Best Western Hotels & Resorts are the major companies operating in this market. Data were gather based on journal articles, tourism websites and professional consultancy The primary objective of this project is to conduct a comprehensive analysis of hotel data to provide insights into revenue trends over time and assess the need for potential expansion of the parking lot. 92 Billion by 2028. Hospitality Industry Report 23rd Aug 2023 As a result, hoteliers posted massive profits during FY23 and was the top performing sector in 2022. Get a sample of this industry analysis as a free report PDF download. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or Statistics for the 2025 Hospitality Industry In Turkey market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. It is projected that by 2025, revenue will reach US$0. Nov 22, 2022 · The 33 Definitive Hospitality Industry Statistics You Need to Know For 2023 — Photo by RezRecover by CartStack. 5. 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 Jun 29, 2022 · Reach the other editions here: The hospitality industry’s key historical metrics | The role of profitability data in a comprehensive hotel benchmarking experience The metrics As with all benchmarking data sets, Forward STAR runs on actual data, meaning we collect and report back numbers directly from your property as well as the hotels in Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Hotels are increasingly using big data to create personalized guest experiences, drawing on past browsing or buying habits, as well as known preferences, to create bespoke offers and Aug 16, 2023 · Managed by the global hospitality conglomerate Radisson Hotels, this 5-star establishment falls under the purview of Avalon Intercontinental Nigeria. 2023 Nov 14, 2024 · The Future of Hospitality is Data-Driven. Key information on the casino hotel sector in the United States as of November 2024. 1. Rather, the report collates and analyses vast amounts of hotel industry data, then repackages that information as insights for hotels. Malaysia Hospitality Industry Report . A hotel benchmarking solution is only as good as the data that powers it. 5%. Hotel Industry Statistics. Find helpful documents, FAQs, and our hospitality industry glossary. Read our data insights blog, whitepapers, and press releases. The global hospitality market displayed significant growth after the challenges of the COVID-19 pandemic. 88 billion in 2025 and grow at a CAGR of 13. Oct 8, 2024 · Discover the latest hotel statistics and trends for 2024, from rising room demand to the impact of AI, bleisure travel, and sustainability on the hospitality industry. 45 billion in 2025 and grow at a CAGR of 4. Market Data and Statistics. Nov 18, 2022 · In 2020, the market size of the hotel industry in China was estimated to reach approximately 460. Resorts 4. Learn how hotels are bouncing back and what’s driving growth this year. About STR STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. 5 Dec 4, 2024 · That being said, here are some important hospitality industry statistics and what I think you should take away from them to bolster your own practice: Global Market Overview The global hospitality industry is projected to grow from $4. However, overall occupancy for the week rose to 68. 83 billion in 2025 and grow at a CAGR of 13. 4. Global Distribution System. %PDF-1. Let’s understand what makes it so similar. Nestled within a former bank in Helsingborg, the hotel is part of the Ekman Hotels group. Hotel Expert Partners. Find the most recent research and statistics to keep pace with new developments of Hong Kong's tourism industry. Jul 16, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 94% to reach USD 11. travel industry, for example, generates more than $1 trillion in economic output each year and when you look to seasonal markets with less industry, travel & hospitality sometimes makes up the majority of the economy (think about places like Hawaii Access HotelAVE's Quarterly Hospitality Dashboard to receive the latest insights into the hotel management industry. Jan 10, 2024 · U. 67% (CAGR 2025-2029) is expected, resulting in a projected large hotel pipeline. The US hotel industry’s average rental revenue for an occupied room per day is expected to rise from $145 in 2022 to $155 in 2024. Hotel Apps. May 12, 2023 · UK hotel industry statistics. dollars in 2023. Innovations in software, hardware, and digital solutions are revolutionizing guest experiences and streamlining operations for hotels, resorts, restaurants, and tourist attractions. Uncover the latest hotel industry statistics and trends driving the hospitality sector. 31 billion by 2030. CBRE Hotels’ Americas Research provides thought leadership, historical benchmarking data and econometric forecasts for the lodging industry. 2023 My Data Tools. No individual hotel data is displayed in a Trend Report. Aug 31, 2020 · REPORT: STATE OF THE HOTEL INDUSTRY ANALYSIS: COVID-19 SIX MONTHS LATER 5. 2023 The Hospitality Industry In Spain is expected to reach USD 27. Due to the overwhelming Dec 21, 2024 · The hotel industry is on solid footing with performance levels and growth normalized for much of the world. 14 million by 2030. AtliQ Grands, a well-established hotel chain with a legacy spanning almost two decades, has been providing exceptional hospitality experiences across various cities in India, including Mumbai and Bangalore. FHRAI accuses the platforms of unfair competition, data misuse, and compromising food safety, urging regulatory intervention. Prior to this pandemic, the hotel industry employed 1 in 25 American jobs xliii. As the hospitality industry embraces centralized, integrated data systems, hoteliers are better positioned than ever to leverage insights for operational Dec 2, 2024 · Data management and foundational technologies will be the pillars of successful hotel operations. Learn More 4 days ago · The hospitality industry doesn't need a technology revolution but rather an evolution. 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. Because the hotel industry landscape is vast and ever-changing, it’s helpful to study an overview of global statistics for a broader sense of the health and direction of the industry. 42 billion as of 2022, an increase of 45. Additionally, the project aims to identify and analyze any notable trends present in the Jan 10, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Mar 9, 2023 · US Hotel Industry Statistics There are 90,562 hotel and motel businesses in the U. Hotel Industry Statistics for Canadians. Hospitality Law Database. NRAI supports FHRAI, citing potential market monopolization. 09x AVERAGE 4. 96% to reach USD 541. What is the value of the hotel industry? In 2019, the hotel industry hit its peak with a market size of US$ 1. The results show the US hotel industry supports a total economic impact (2022 Recommendations for Stakeholders: Stakeholders should leverage technological advancements, optimize data analytics, and focus on personalized customer experiences to support ongoing development in the hospitality industry. 87 billion by 2030. Number of hotels in the UK. 4%. It can be extracted from multiple websites, metasearch platforms, social media, internal documents, reports and systems. Based on TTM earnings, hotels are currently trading very cheaply: Hotel TTM PE LUX 6. Feb 29, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Dive into historical performance trends and see how the industry adapts to changing market dynamics. 3. 07% (2025-2029) resulting in a market volume of US$1. 1B in 2027, with a CAGR of 22. 29 billion by 2030. Hotel email campaigns worldwide have an average conversion rate of 0. The establishment features an exclusive gym, open around the clock and outfitted with premium cardio and strength-training equipment. Read more here. Add Property; Benchmarker SM. xli – 8. Current Statistics for the Hotel Industry. Benchmarker SM 2. Hoteliers are experiencing a much more stable operating environment, but finding opportunities for gains requires a sharp focus with demand segments shifting toward historical norms. 64%. hotel and motel industry is worth $177. Covering brands, tech, workforce, operations, and more. to see another year of improvement in 2024. 6 %âãÏÓ 2580 0 obj > endobj 2619 0 obj >/Filter/FlateDecode/ID[5E56A2685238F74A8DDBDEA7ECADD026>6EF502DDF960644E897BD100D472304A>]/Index[2580 58]/Info 2579 Dec 11, 2024 · For industry professionals, understanding these trends and statistics proved essential for staying competitive and meeting the demands of modern travelers. 6 Mar 22, 2024 · Paris’ contribution to the French hotel industry As of 2024, regional data on the number of hotels in France shows that just two areas represented nearly a third of the over 16 thousand such Dec 19, 2023 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Jan 10, 2024 · With hospitality statistics predicting a healthy expansion of the sector (e. Hotel Industry Important Statistics. 6 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. As of May 2021, AHS supply database recorded a total of 97 hotel projects that are expected to open between 2021 and 2025, including a total 30 projects that are already under construction. Expert industry market research on the Hotels in China (2014-2029). 10bn by 2025 worldwide. For hoteliers, this means not only protecting customer information, like credit card details and personal preferences, but also ensuring the security of internal systems Download comprehensive hotel data from more than 600 global markets, including departmental revenue, cost of sales, payroll, expenses and profitability patterns. C. Property Management System. Several key trends and developments are expected to revolutionise the industry, empowering businesses to Producer Price Index by Industry: Hotels and Motels, Except Casino Hotels: Luxury and Resort Hotels Guestroom Rental Index Jun 1993=100, Monthly, Not Seasonally Adjusted Jun 1993 to Nov 2024 (Dec 12) Revenue for Hotels (Except Casino Hotels) and Motels, All Establishments, Employer Firms Generating over 215 hotel bookings every minute, and 115 million a year, SiteMinder’s platform contains the largest and deepest set of hotel booking data in the world. Many travel companies are still in the early stages of developing the advanced analytics capabilities necessary to capture the full potential of 14 hours ago · Hospitality industry expresses disappointment. Please refer to the contacts listed below for additional data requests. 2023 Dec 2, 2024 · The following entity relationship diagram (ERD) represents a standardized data model for the travel and hospitality industry. 43 trillion U. Global hospitality industry statistics The tourism industry experienced remarkable recovery and reached pre-pandemic levels across hotel occupancy rates, daily rates, profitability, and RevPAR. In January 2024, more than 67. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. industry, and a literature review that included market reports and periodicals. 5 trillion U. The U. e. Jan 2, 2025 · Plunkett's Restaurant, Hotel & Hospitality Industry Almanac 2023 : Restaurant, Hotel & Hospitality Industry Market Research, Statistics, Trends and Leading Companies By many measures, restaurants and hospitality make up one of the largest and fastest growing industry sectors in the world. Nov 8, 2024 · Over 60 hotel companies are part of the Sustainable Hospitality Alliance, making up 4. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This showed five percent growth over the previous year's figure of 1. 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. Find a PMS to help you run your hotel more effectively. As data becomes the primary driver for our industry in 2025, the hospitality industry must deploy it in four critical areas: automating operations, human resource management, globalization and overtourism challenges. Hospitality Industry in Malaysia analysis includes a market forecast outlook for 2025 to 2030 and historical overview. The data Aug 27, 2024 · The hospitality industry is a vast sector with many different sub-sectors that include recreation, lodging, entertainment, food and beverage which are constantly evolving. Hotel Room Demand . The market size of the hotel industry in the UK is expected to reach £19. The UK hotel industry had a market size of £16. India Hotels Market Size and Forecast, by Type of Hotel (2023-2030) 4. From changes in the labor pool and the impact of social change and the environment on the industry to new technology and operating trends, having access to the right information can help you better understand the current state of the hospitality industry – and help you make informed decisions for your hotel. hotel industry is projected to achieve 1. 3 days ago · The hospitality industry is continuously evolving, significantly influencing operations and guest experiences. 52 trillion. 75x SUN 4. The data are presented as both percentages and as the number of men per woman in a particular field or at a particular level. The Hospitality Industry. In this article, we explore the role of data analytics in the hotel industry, explain key terms, and showcase different ways to leverage data property-wide to improve performance. It includes information on market size with the key indicators of the market in addition Nov 5, 2024 · By the end of 2023, the hotel industry in China employed approximately 1. 3%. 89% to reach USD 702. 4% that this industry has seen from 2017 to 2022. 5% from 67. It’s with this that we bring you SiteMinder’s Hotel Booking Trends – the most authoritative analysis of the bookings made by travellers for hotels in 20 of the world’s Explore our resources. 1 trillion in 2022 to $9. 3 billion occupied room nights in 2023, slightly . Data: Hoteliers see investments in people, sales, and marketing as driving the highest ROI in 2025 Nov 22, 2019 · A key challenge of hotel data management is the high diversity of available information. Check out these fascinating hotel industry statistics on worldwide market growth, construction, and more: Uncovering Insights in the Hospitality Industry with Python and Pandas. 4% for upper upscale hotels and 2. 5 million hotel rooms, or 25% of total hotel room inventory globally. S Oct 23, 2024 · Extended stay lodging units: total number in the U. Mar 25, 2021 · HotStats, the global leader in monthly profit and loss data benchmarking, has released the findings of its "Profit Matters Global Hotel Performance Review 2020. Jun 10, 2024 · When executives in the global travel and hospitality industry were surveyed on the main business priorities of travel and hospitality companies in 2020, roughly half of respondents stated that Aug 16, 2024 · Hotels‘s analysis goes on to incorporate revenue per available room (RevPAR) data from the analytics firm CoStar Group. My Properties. Check out these fascinating hotel industry statistics on worldwide market growth, construction, and more: Oct 8, 2024 · Discover the latest hotel statistics and trends for 2024, from rising room demand to the impact of AI, bleisure travel, and sustainability on the hospitality industry. Nov 6, 2024 · As we anticipate the future, data's influence on the hospitality industry is set to soar. Three years later, the industry has successfully added back more than 400,000 employees, but the workforce has still not fully recovered to pre-pandemic levels. GlobalData's Hotels Database provides key hotel industry metrics for 180 countries as well as market share data for 60 key markets. 70 billion by 2030. Expert industry market research on the Global Hotels & Resorts (2014-2029). There is no other provider that comes close in terms of a directly sourced global sample. 79 million people, significantly more than in the previous year. It has become a crucial part of driving innovation and sustainable growth. May 27, 2024 · Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. As of 2023, there are currently 9,796 hotels in the UK. 49 billion by 2030. 5% on the prior year. Specialists in providing advice and services to the hotel industry. 4 billion by the end of 2023. Although domestic travel spending has stepped back somewhat, the 2023 hotel industry largely resembles the pre-pandemic travel economy. 2024 Key data on the U. 9k searches. Oct 2, 2023 · Latest Weekly Data. The hospitality sector has expressed disappointment over the government’s decision. Employment Trends: The hospitality industry is a major employer, with 10% of the global workforce employed in tourism. Shangri-La Hotels and Resorts, Mariott International, Inc, Amaya Resorts & Spa, Cinnamon Hotels & Resorts and InterContinental Hotels & Resorts are the major companies operating in this market. S. Jan 6, 2025 · Hotel news for industry leaders. Market Share: The hotel industry makes up a large portion of the travel and tourism sector, which is worth $7. 6 4 . 82x 3 days ago · As we approach 2025, the hospitality sector is gearing up for a tech-based transformation. For example, in 2022 there were 16. Midscale and Upscale Hotels 4. The results of the compilation are presented in our annual and monthly Trends® in the Hotel Industry reports. 4% increase from 2021, which is on trend with the average annual growth rate of 0. Automating operations The US Hospitality Market is expected to reach USD 247. Mar 20, 2024 · U. COVID’s Impact O n Hotel Industry Felt In Major Cities Across The Country . Facebook users upload 243,000 photos every minute, according to some estimates – and that’s just the tip of the big data iceberg. In this executive summary, we've distilled key insights that not only reflect the resilience of the sector but also signal the strategic directions that can propel growth and innovation. exceeding 2019’s total. Hotel industry outlook statistics. Demand will surpass pre-pandemic levels. The credit ratio has been Expert industry market research on the Hotels & Motels in the US (2015-2030). 76 billion in 2023. Explore the Data-driven Hospitality Industry Report for 2024. (Zippia) 4 days ago · Due to the New Year’s holiday shift, the U. The city with the most 5-star hotels is London, with 75 recorded in 2017. Economy hotels were down 4. Looking forward, an annual growth rate of 3. In this new podcast from the Hotel News Now Podcast Network, data analysis veterans Isaac Collazo and Jan Freitag unpack the latest hotel performance and demand trends, discuss the news affecting the numbers and give their off-the-cuff takes on hotel performance analysis in the moment. 0 and Lean Management for their progress. There are several pillar data sets you have to consider in the first place. 13% between 2023 Nov 8, 2024 · Unemployment in the hotel industry reached a peak in April 2020 at 39. 0; Create Benchmarker SM Now; Create Benchmarker SM Select; Create Benchmarker SM Custom; Reports; Hotel Horizons ® Forecast; History; Economic Data; Submarket Locator; Investment Performance; Charts; Rankings; myShare ® Create New myShare ® Portfolio; Hotel KPIs The Hospitality Industry In Vietnam is expected to reach USD 5. according to Lodging Econometrics data obtained by Hotel Dive. Nov 12, 2024 · The domestic hotel industry in China The hotel industry is one of the first industries opened up to foreign investment in China. The global AI market in hospitality is projected to grow to $0. The Hospitality Industry In Sri Lanka is expected to reach USD 503. Feb 13, 2024 · What is Hospitality Data Analysis? Hospitality data analytics is the use of analytical tools to process historical and real-time data from the hospitality industry. What is Hospitality, Travel & Tourism Data? Hospitality, Travel & Tourism Data refers to information collected and analyzed within the hospitality, travel, and tourism industry. Key Takeaways • The hotel industry is experiencing a notable recovery post-pandemic, with demands and The Hospitality Industry In Sweden is expected to reach USD 6. Report metrics include Occupancy, ADR, RevPAR, revenue, supply and demand with year-over-year percentage changes. ICRA has a Positive outlook on the Indian hospitality industry. Vinpearl, Muong Thanh Hospitality, Accor Hotels, InterContinental Hotels Group and Marriott International are the major companies operating in this market. And the most complete and precise data source for science and research. 92 billion by 2028, driven by advancements in virtual assistants, predictive analytics, and automation technologies. That is why CoStar and STR curate the highest in quality data. hotel industry saw a slow start to the week as the final day of the Rosh Hashanah observance held back travel. Dec 20, 2024 · AHLA is the leading voice representing every segment of the hotel industry including major chains, independent hotels, management companies, REIT’s, bed and breakfasts, industry partners and more. This number is a 0. million occupied room nights. Looking ahead, we can expect rapid growth rates to decline, with global travelers returning to more normal booking behavior. 14% to reach USD 32. Statistics are presented below in a variety of ways, by field, level (title), and gender. 0% for upscale hotels. Industry Trends. Post-election clarity and ADR increases likely to sustain hotel performance through 2025 amid modest demand growth. The Trends ® report provides an analysis of hotel revenues, expenses, and profits. Search AHLA's resource library for industry research, data, operations resources, and member toolkits. • hotel guest ancillary spending based on consumer survey data by state; • capital investment in hotels based on data on new hotel construction and renovations; and, • indirect and induced impacts supported by the hotel industry in other parts of the US economy. Big data analytics in hotel industry allows for analyzing customer inquiries, complaints, and reviews. Jun 27, 2024 · Cybersecurity in the hospitality industry is the software and processes that safeguard the vast array of sensitive data that hotels and resorts collect from their guests. Big data is structured and unstructured information collected from various sources. Sep 18, 2024 · Unfortunately, many hotels face data silos and are unable to piece together actionable insights. 26% to reach USD 7. New York City Hotel Supply and Trends According to Smith Travel Research (STR), a third-party data vendor that provides hotel industry data, as of January 2020, there were 127,810 hotel rooms in over 705 hotel properties in the five boroughs of New York City. The results of the survey are presented in our annual Trends ® in the Hotel Industry report. Dec 28, 2021 · The future for the hotel industry would depend on Industry 4. Luxury Hotels 4. Economy Hotels 4. 2016-2017; Total assets of Choice Hotels International worldwide 2008-2023 Using Amadeus’ Demand360 ® forward-looking occupancy data, access an overview of hotel booking and occupational trends worldwide: Forward-looking occupancy data; Current state of the hospitality industry; Booking lead times, channels and pace; Data per country and continent; And more! stands for world´s best hotel addresses and data. Putting your hotel in front of 600,000+ travel agents. Market Size: The hotel industry is huge! In 2018, the hotel industry was worth $550 billion. Important hotel data sets and overlaps between them Analysis of Government Schemes and Initiatives For the India Hotels Industry 4. In the coming 12 to 24 months, hotels will continue to innovate in data collection, classification, and Industry professionals advance their careers with Certification in Hotel Industry Analytics (CHIA). The Hotels market in the United Arab Emirates is expected to experience a significant growth in revenue in the near future. Did you know that the hospitality industry is one of the largest employers globally? The U. As we embrace 2025, the hospitality industry stands at the threshold of an exciting transformation. From these statements, our firm extracts and uniformly formats 200 specific revenue and expense items to ensure equitable benchmarking. As of today, we are only weeks away from 2023. 6% of respondents Feb 21, 2024 · comprising 12 large hotel companies is expected to report strong operating margins of 31-33% for FY2024 and FY2025, as against 33% for FY2023 and 20-22% pre-Covid. Businesses which generate enormous amounts of data should not only leverage it to understand their current performance (i. From 2021 to 2022, U. 3 days ago · Comparing procurement trends in the hospitality industry from 2024 to 2025 shows that procurement is no longer just an operational task. HOTEL INDUSTRY OUTLOOK FOR 2024 CONTINUED U. Learn how data influences decision-making, boosts growth, and prepares hoteliers for a competitive market. lottery and Native American casino industry 2024 Gross gaming revenue of casinos in the U. " The annual report tracks global Because the hotel industry landscape is vast and ever-changing, it’s helpful to study an overview of global statistics for a broader sense of the health and direction of the industry. 5% from 2021’s figure of £11. 2023 The Hospitality Industry In India is expected to reach USD 281. The gender of hotel guests can vary depending on the location and the purpose of their trip. Within the more secure environment of CoStar, the STAR Report now includes more data, new visualizations and intuitive report download capabilities. 68 billion in 2025 and grow at a CAGR of 3. Marriott Hotel takes second place with 45. 2024. Comparing procurement trends in the hospitality industry from 2024 to 2025 shows that Nov 6, 2024 · Key data on the non-hotel casino industry in the U. aspects of the hospitality industry. 2%. Apr 2, 2019 · Data science is the modern ‘holy grail’ of hospitality. 49bn in 2029. nzlcmu rfsme ysvt hhbefrc cwy bxr wemt opwh hxute wwzvybx