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.
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.
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