The global hospitality industry is a huge, billion-dollar industry. And with hundreds of millions of people traveling the world, hotels and other hospitality establishments will always be in demand. Here are just a few of the mind-blowing statistics regarding hotels in the world:
There are over 700,000 hotels and resorts all over the world, with a combined total of around 15.5 million rooms.
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In the United States alone, there are over 52,800 hotels, motels, and lodging properties for people to stay the night in, and almost 5 million rooms. Of the 5 million rooms, over 3 million are always occupied.
On an average, one night in a hotel in the United States will cost travelers around $120-$125. Generally, the daily cost of a hotel room in the US is $5 to $15 higher than rooms around the world, except for hotel rooms in Africa and the Middle East.
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The most expensive hotel rooms in the world can be found in Geneva, Switzerland. Rooms are around $300 to $310 a night.
The Ritz Carlton Central Park and the Mandarin Oriental in New York City have the most expensive rooms in the United States. The lowest rates in these hotels are around a thousand dollars.
The total revenue a year for the hospitality industry in the United States is over $160 billion.
Alan Naul is the founder of Javelin Group, a company that is currently working with Hilton Hotels in building a hotel called Canopy by Hilton in Dallas. For more on the hospitality industry, visit this blog.