Opodo travel news
Global hotel inventory rises to more than 13m rooms
23 Apr 2012
Global hotel inventory has increased by more than 2.3m rooms over the past 12 years, meaning over 13.4m rooms were available to international travellers in February 2012, according to STR Global.
The industry data provider revealed that Asia and the Middle East and Africa region led the growth over the period.
North America remains the leading market for branded hotels and also accounts for 41% of global room stock, with more than 5.5m daily rooms available.
Nearly a third (30%) of the world's hotel rooms are found in Europe, while Asia is the third biggest market with a global share of 22%.
Elizabeth Randall, STR Global's managing director, revealed that branded room inventory increased compared to capacity at independent properties in the 12-year period up to February 2012.
She added: 'The Asia/Pacific and Middle East/Africa regions led the inventory growth, particularly with the luxury and upper upscale segments, which increased 3.2% and 3.9% [per year] respectively.'
Opodo cheap flights, hotels and car hire - let the journey begin!
The industry data provider revealed that Asia and the Middle East and Africa region led the growth over the period.
North America remains the leading market for branded hotels and also accounts for 41% of global room stock, with more than 5.5m daily rooms available.
Nearly a third (30%) of the world's hotel rooms are found in Europe, while Asia is the third biggest market with a global share of 22%.
Elizabeth Randall, STR Global's managing director, revealed that branded room inventory increased compared to capacity at independent properties in the 12-year period up to February 2012.
She added: 'The Asia/Pacific and Middle East/Africa regions led the inventory growth, particularly with the luxury and upper upscale segments, which increased 3.2% and 3.9% [per year] respectively.'
Opodo cheap flights, hotels and car hire - let the journey begin!
Archive
Quick search
News by categories
Latest news
