There are about 700,000 hotels and resorts in the globe in 2019. Over 4 million hotel rooms are available in the global hotel business. The average room rate in the United States is $120.01. That's more than twice as much as in Europe ($53.06).
In 2017, it was estimated that there were nearly one billion international tourists, representing 8% growth over the previous year. Of these, 85% stayed in private homes, while 15% stayed in hotels or other lodging structures.
The world's largest hotel company is IHG (International Hotel Group) with over 3,500 properties in 120 countries. It's market share is almost 20%.
The second largest is Marriott with around 200,000 rooms in 100 countries. It has a market share of about 10%.
The third largest is Hilton with about 175,000 rooms in 105 countries. It has a market share of about 9%.
Hotel rooms are also called lodgings or guest rooms. A single room can be for one person or two people sleeping together.
From 2017 through 2020, the average number of rooms per hotel in the United States per chain type. As of December 31, 2020, the upper upmarket chain category in the United States has an average of 313.1 rooms per hotel. During this time period, hotels in the economical chain size sector had an average of 75.2 rooms. Overall, the United States currently has 8.4 million hotel rooms.
The other two chain size categories were small inns with an average of 14.5 rooms and midscale hotels with an average of 100 rooms. There are also grand luxury hotels with an average of 740 rooms and luxury resorts with an average of 515 rooms. Individual hotels can have larger capacities than chain sectors. For example, the Westin Hotels & Resorts has a maximum capacity of 750 rooms; however, most of its properties have capacities between 70 and 150 rooms.
Here is how hotel room capacity has changed over time: 1970: average of 12 rooms 1980: average of 15 rooms 1990: average of 18 rooms 2000: average of 22 rooms 2010: average of 24 rooms 2015: estimate of 26-28 rooms
In terms of market share, large hotels account for about 1% of the total number of rooms in the United States. They make up about 4% of all rooms sold in America. Midrange hotels account for about 72% of the total number of rooms. Economical hotels make up the rest.
A typical hotel contains around 85 rooms. Professionals in the hotel industry evaluate hotels on a per-room basis, either the cost per room to build or the resale price per room, which is frequently described as a per-key cost. The value of hotel properties in the United States is around $1 trillion, with each room valued at, say, $250,000. Hotel rooms are generally larger than guest rooms in other types of buildings and tend to have more amenities, such as television sets and telephones.
There are 700,000 hotels and resorts.
The hotel industry is one of the most competitive in the world. Hotel owners try to attract guests by offering discounts, free gifts, and special packages. Also, they look for new ways to make their hotels attractive to travelers. For example, some hotels allow you to check in without paying if you leave your luggage while you go have fun!
Hotels can be classified by type, such as luxury hotels, family-friendly hotels, youth-oriented hotels, etc. Each type has its own advantages for different types of travelers. Luxury hotels tend to be large, famous brands like Marriot, Hilton, or Ritz-Carlton. They usually have more expensive prices too. Family-friendly hotels offer separate rooms with two beds, so families can stay together.
Youth-oriented hotels target young travelers by providing entertainment facilities and freebies. These hotels often have lower rates than other types of hotels.
Hotel chains include properties owned by the same company but located in different countries. Some examples of chain hotels are Holiday Inn, Ramada, and Wyndham.