Rising market share for branded hotels Global hotel industry demand is driven by economic growth and an increasing trend for domestic and global travel. There are several industry metrics that are widely recognised and used to track performance, including revenue per available room RevPAR and rooms supply growth.
The hotel company contributing the most to this figure was the British hotel chain InterContinental Hotels Group which, inmade 24 billion U. Other major players in this industry include Hilton Worldwide and Marriott International with 4, and 4, hotels, respectively, across the world.
Important performance measures for the hotel industry are the average daily rate ADRthe revenue per available room RevPARand the occupancy rate of a hotel. In order to achieve the most accurate performance indication, these benchmarks should be analyzed together.
In Februarythe highest occupancy rate in the world was seen in the Asia Pacific region at Despite having one of the lowest occupancy rates in the world in the first month of the occupancy rate in the Americas was just The most expensive city for hotel rates in the U.
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Includes Hotels and Motels Industry Profiles for over 25 countries, including the US, Germany, France, China, Canada, and Brazil. Trends in the Hotel Industry Annual PKF Hospitality Research reports provide detailed analysis of hotel revenues, expenses, operating data, and profits by property type, geographic location, rate, and size .