Global Hotel Inventory Has Grown 18% in 10 Years
STR reports that there are 184,299 hotels comprising 16,966,280 million rooms around the world. That number of rooms represents a 17.7% increase over the last 10 years.
2017 was a spectacular year. The headwinds from geopolitical uncertainty and instability proved surmountable, and hotel values across Europe grew by 3.9%. Read the article in full for an in-depth look at average hotel values across Europe.
American furniture retailer West Elm has done it, as have luxury brands such as Armani and Bulgari. Now Japanese lifestyle giant Muji, which is known for its minimalist aesthetics, is taking a step into the hospitality business.
Solid economic performance and record tourist arrivals continue to propel Canadas lodging sector as investors remain eager to invest in lodging real estate with $3.5 billion of transaction volume in 2017.