HotelsProperty

Continued growth expected for global hotel inventory

There are currently 184,299 hotels comprising 16,966,280 million rooms around the world

Global hotel inventory has increased by 17.7% over the last 10 years.

Hotel benchmarking and analytics platform STR said the industry as a whole continues to perform at robust levels and is expected to continue to grow over the coming years

Robin Rossmann, STR’s international managing director, said: “The hotel sector and its rate of return continue to attract real-estate investors—that is evident through the substantial growth in performance metrics and development we have seen over the past decade.”

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