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Market size of the global hotel industry from 2014 to 2018 (in billion U.S. dollars)
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lobal hotel industry from 2014 to 2018 (in billion U.S. dollars)

Description
This statistic shows the gl
Euromonitor; TUI to 2018. The retail value o
Euromonitor billion U.S. dollars in 2018
2014 to 2018
Worldwide
n.a. Global hotel industry - ad
n.a.
n.a.
n.a.
The global hotel industry c
Figures were converted from euros to U.S. dollars using the conversion rates: tourism industry, an indus
2017: 1 EUR - 1.19786 USD (12/31/2017) dollars to the global econo
2018: 1 EUR - 1.14379 USD (12/31/2018) road for more than a day n
Conversion rates for other years were unavailable. various types of lodging a
Includes both the leisure and business travel accommodation market.

The global occupancy rate

are occupied or rented at
TUI increased over the previou
December 2019 occupancy rate in 2018 at
Pacific region with 70.6 pe
TUI Annual Report 2018/19, page 63
and Africa were the most
247264 average daily rate of 140.9
the last five years was Asi
Description
This statistic shows the global hotel industry market size from 2014
to 2018. The retail value of the global hotel industry was 600.49
billion U.S. dollars in 2018.

Global hotel industry - additional information

The global hotel industry comes under the umbrella of the travel and
tourism industry, an industry which contributed 8.81 trillion U.S.
dollars to the global economy in 2018. Travelers who are on the
road for more than a day need a place to sleep and rest - there are
various types of lodging across the world to accommodate for this.

The global occupancy rate (the share of total rooms available which
are occupied or rented at a given time) of hotels in most regions
increased over the previous five years. Europe had the highest
occupancy rate in 2018 at 72.4 percent, closely followed by the Asia
Pacific region with 70.6 percent. In the same year, the Middle East
and Africa were the most expensive region for hotels with an
average daily rate of 140.97 U.S. dollars. The cheapest region for
the last five years was Asia Pacific.
Global hotel industry market size 2014-2018
Market size of the global hotel industry from 2014 to 2018 (in billion U.S. dollars)

2014
2015
2016
2017
2018

Please note that the grayed-out values may slightly differ from the respective values at the source, since the latter may have b
 466.57
527.06 12.96%
562.99 6.82%
570.18 1.28%
600.49 5.32%

may have been recalculated.