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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.
ADR of hotels in Qatar 2019-2028
ADR of hotels in Bahrain 2019-2028
ADR of hotels in Kuwait 2019-2028
Monthly occupancy rate of hotels worldwide 2020-2024
Number of approved hotels in India 2022, by category
Average daily rate of hotels in India FY 2016-2023
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