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New Hotel Construction Attracts More Investments Than Renovations
Accommodation companies are investing much more in building new hotels than converting and renovating existing ones in Europe. In 2021, 17.9 billion euros were invested in new hotel construction, whereas just 2.8 billion euros were spent on conversions and renovations. Independent hotels own more properties than chains but are losing ground.
Description
This graphic shows that new hotel construction attracts more investments than renovations.
Monthly occupancy rate of hotels in the U.S. 2020-2024
Number of hotels and ryokan in Tokyo 2019-2024
ADR of hotels in Qatar 2019-2028
ADR of hotels in Kuwait 2019-2028
ADR of hotels in Bahrain 2019-2028
Number of hotels in Hong Kong 2024, by tariff level
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