The data displays the global hotel industry retail revenue from 2014 to 2016. The global hotel industry revenue was 495.17 billion USD in 2016.
Global hotel industry - additional information
The global hotel industry comes under the umbrella of the travel and tourism industry, an industry which contributed 7.61 trillion USD to the global economy in 2016. Travelers who are on the road for more than a day need a place to sleep and rest - there are various types of lodging across the world to accommodate for this.
The global occupancy rate (the share of total rooms available which are occupied or rented at a given time) of hotels in most regions increased over the previous five years.
