Hotel Industry Statistics (2023)

Jul 24, 2023

While planning a trip, one of the first things that come to mind is lodging. Where are you going to stay? What amenities do you want? There are many different types of hotels, resorts, and motels out there that can fit many needs and amenities to fit many different reasons one would need to travel.

Article Contents

Hotel Industry Statistics: What is the Hotel Industry?

Hotel Market Share: How Many Hotels are There in the US?

Hotel Market Data: How Many Hotels are There in the World?

When planning your lodging, what is the first thing that comes to mind when making a decision? Location? Price? Amenities? Or maybe name recognition? While looking for hotels, you may have come across a Marriott property. The Marriott has the most available hotel rooms than any other property with 1,400,693, which is why it’s a very well known hotel property.

Statistics (Editors Picks)

The Hospitality Industry covers a broad range of fields within the service industry, including food and drink, event planning, theme parks, lodging, and transportation. It includes hotels, restaurants, and bars.
One of the first signs of hospitality is over 17,000 years old!
In 2019, there were over 700,000 resorts and hotels all over the world
The oldest hotel you can still visit today was made in 705AD. Over 52 generations still manage the hotel today.
The hotel industry has a retail value of $600 Billion
The hotel industry employs more than 173 million people
The top five hotel groups:

IHG (InterContinental Hotels Group)
Marriott
Hilton
Wyndham
Accor

The top 5 hotel groups account for 25% of the hotel market share
There are over 700,000 hotels and resorts worldwide. The industry is thriving and worth over $570 billion worldwide.

Hotel Industry Statistics

How Many Hotels are There in the World?

Photo Credit: Marten Bjork

In 2019, there were over 700,000 resorts and hotels all over the world.

From time to time, one may hear the term “hospitality industry” and “hotel industry” used interchangeably. This is because the hospitality industry covers a broad range of fields that are within the service industry. Everything from food and beverage, theme parks, lodging, and transportation are included in the service industry. The service industry has been around for a very long time. One of the first signs of hospitality can be traced back to over 17,000 years ago! The oldest hotel you can still visit today is in Hayakawa, Japan. It has been managed for over 52 generations that still manage the property today.

Flash forward to today, the hotel industry has a retail value of over 600 billion and has over 700,000 resorts and hotels all over the world.

Key Statistics:

The Hospitality Industry covers a broad range of fields within the service industry, including food and drink, event planning, theme parks, lodging, and transportation. It includes hotels, restaurants, and bars.
One of the first signs of hospitality is over 17,000 years old!
In 2019, there were over 700,000 resorts and hotels all over the world
The oldest hotel you can still visit today was made in 705AD. Over 52 generations still manage the hotel today.
The hotel industry has a retail value of 600 Billion
The hotel industry employs more than 173 million people

Sources:
https://en.wikipedia.org/wiki/Hospitality_industry
https://www.ihgplc.com/-/media/FF2DB7BB29C54FF2824393006F15A08F.ashx
https://medium.com/@sezam24/10-interesting-facts-about-hospitality-in-the-past-719547b3570c
https://www.condorferries.co.uk/hotel-industry-statistics

How Many Hotels in the US?

Photo Credit: Mariott Marquis Atlanta, by Upal Patel

There are more than 54,200 hotel properties in the United States, filling over 5 million guestrooms.

Whether you are planning a trip or just driving through a city, the chances are that you have come across some familiar hotel names. IHG, Marriott, Hilton, Wyndham, and Accor are the top 5 hotel groups. These 5 hotels account for 25% of the hotel market share. Even though they have a good grip on the hotel market, they still have a global development under construction. Out of the top 5 hotels, Marriott International is the largest hotel chain with over 1,400,693 guest rooms available. In the United States alone, there are 54,200 hotel properties offering over 5 million guest rooms.

Key Statistics:

The top five hotel groups:

IHG (InterContinental Hotels Group)
Marriott
Hilton
Wyndham
Accor

The top 5 hotel groups account for 25% of the hotel market share
58% of the global development pipeline of hotels in planning or under construction.
Marriott International is the largest hotel chain in the world, with over 1,400,693 rooms by the number of available rooms.
There are more than 54,200 hotel properties in the United States, filling over 5 million guestrooms.
There are more than 1.1 billion guest nights annually in the United States.

Sources:
https://www.ihgplc.com/-/media/FF2DB7BB29C54FF2824393006F15A08F.ashx
https://www.ahla.com/faq

Hotel Market Data

How Many Hotels are There in the World?

Hospitality Industry Macao

There are over 700,000 hotels and resorts worldwide. The industry is thriving and worth over $570 billion worldwide.

Everyday, people travel all over the world for various reasons. Whether it's for vacation, business, or “bleasure” (a mix of business and pleasure) -- that’s probably why there are over 700,000 hotels and resorts worldwide -- to accommodate all of those travelers.

Beijing, China, has the most hotels in the world with over 4,100. Though Beijing, China, has the most hotels, London has the most 5 star hotels with 75. Finally, Las Vegas is crowned with the city with the most hotel rooms in the world, with more than 150,000 rooms.

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
Las Vegas is the city with the most hotel rooms available, with over 150,000
London the most 5-star hotels with 75

Sources:
https://www.condorferries.co.uk/hotel-industry-statistics
https://www.hotelmanagement.net/own/these-two-countries-have-61-world-s-hotel-pipeline

Conclusion

People are always on the go, and the hotel industry is there ready to accommodate. With over 700,000 hotels and resorts all over the world, it makes sense why the hotel industry has a retail value of 600 billion. If you like a luxurious 5-star hotel or a simple small hotel, there will always be something to accommodate your lodging needs. While planning your vacation, you may have found some Marriott properties, or maybe all ready stayed at a few different Marriott properties, as they are the largest hotel chain with 1,400,693 rooms readily available.

PS - if you are looking for LGBTQ+ friendly hotels worldwide, be sure to check out GayTravel.com's hotel partners.

Sources:

https://en.wikipedia.org/wiki/Hospitality_industry
https://www.ihgplc.com/-/media/FF2DB7BB29C54FF2824393006F15A08F.ashx
https://medium.com/@sezam24/10-interesting-facts-about-hospitality-in-the-past-719547b3570c
https://www.condorferries.co.uk/hotel-industry-statistics
https://www.hotelmanagement.net/own/these-two-countries-have-61-world-s-hotel-pipeline
https://www.ahla.com/faq