Over the past few years I have undertaken an analysis of changes in the hotel industry. I have tried to track the changes in the availability of hotels and hotel rooms across all regions of the world.
Hotel openings identified below from the data I have been able to collate from a huge variety of sources. While I would not claim to have a complete story, particularly in the Asia region I do think that it does provide an interesting analysis of changes in the hotel portfolio.
Region | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Total |
Asia | 90 | 187 | 181 | 234 | 212 | 220 | 182 | 1306 |
Pacific | 46 | 77 | 75 | 88 | 74 | 91 | 71 | 521 |
North America | 814 | 989 | 1023 | 1239 | 921 | 955 | 738 | 6679 |
Caribbean | 13 | 31 | 21 | 41 | 14 | 21 | 8 | 149 |
Central America | 32 | 58 | 65 | 58 | 42 | 33 | 21 | 309 |
South America | 55 | 59 | 43 | 38 | 23 | 28 | 15 | 261 |
Europe | 268 | 465 | 369 | 316 | 415 | 391 | 241 | 2465 |
Africa | 24 | 58 | 48 | 64 | 38 | 43 | 18 | 293 |
Middle East | 60 | 104 | 132 | 127 | 105 | 94 | 51 | 673 |
Total | 1401 | 2028 | 1957 | 2205 | 1844 | 1876 | 1345 | 12656 |
I have categorised the hotel openings above into 3 buckets. Hope that the logic is clear and understable.
Conversion (Conv)
The term conversion is used in a variety of ways in the articles relating to the hospitality industry. I have chosen to simplify the definition. I have chosen to define conversion as the repurposing of an existing building into a hotel. This is sometimes referred to as adaptive reuse.
New Builds (NB)
This should be the easiest to understand. These are totally new constructions from the ground up. These compromise the largest grouping of Openings in the analysis.
Rebrandings (ReB)
Here the definition is simple. These are hotels which have changed the presentation of the hotel. Some of these hotels are properties which are changing brands, while some are joining a brand to increase their reach and others have chosen to go don the road of independent branding.
Regions | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Total |
---|---|---|---|---|---|---|---|---|
Asia | 90 | 187 | 181 | 234 | 212 | 220 | 182 | 1,306 |
Conv | 3 | 0 | 2 | 9 | 5 | 6 | 2 | 27 |
NB | 75 | 146 | 139 | 180 | 175 | 177 | 153 | 1,045 |
ReB | 12 | 41 | 40 | 45 | 32 | 37 | 27 | 234 |
Pacific | 45 | 77 | 75 | 88 | 74 | 91 | 71 | 521 |
Conv | 5 | 1 | 4 | 7 | 1 | 4 | 22 | |
NB | 17 | 43 | 41 | 49 | 46 | 54 | 42 | 292 |
ReB | 28 | 29 | 33 | 35 | 21 | 36 | 25 | 207 |
North America | 814 | 989 | 1,023 | 1,239 | 921 | 955 | 738 | 6,679 |
Conv | 18 | 39 | 40 | 49 | 39 | 46 | 24 | 255 |
NB | 333 | 570 | 663 | 808 | 597 | 635 | 438 | 4,044 |
ReB | 463 | 380 | 320 | 382 | 285 | 274 | 276 | 2,380 |
Caribbean | 13 | 31 | 21 | 41 | 14 | 21 | 8 | 149 |
Conv | 1 | 1 | 1 | 3 | ||||
NB | 3 | 20 | 12 | 20 | 5 | 13 | 4 | 77 |
ReB | 9 | 11 | 9 | 20 | 8 | 8 | 4 | 69 |
Central America | 32 | 58 | 65 | 58 | 42 | 33 | 21 | 309 |
Conv | 1 | 2 | 1 | 1 | 5 | |||
NB | 26 | 46 | 49 | 49 | 25 | 22 | 16 | 233 |
ReB | 6 | 12 | 16 | 8 | 15 | 10 | 4 | 71 |
South America | 55 | 59 | 43 | 38 | 23 | 28 | 15 | 261 |
Conv | 1 | 2 | 1 | 1 | 5 | |||
NB | 40 | 34 | 28 | 29 | 19 | 17 | 7 | 174 |
ReB | 15 | 24 | 13 | 8 | 4 | 11 | 7 | 82 |
Europe | 268 | 465 | 369 | 316 | 415 | 391 | 241 | 2,465 |
Conv | 26 | 61 | 44 | 75 | 68 | 67 | 30 | 371 |
NB | 133 | 177 | 136 | 154 | 183 | 162 | 136 | 1,081 |
ReB | 109 | 227 | 189 | 87 | 164 | 162 | 75 | 1,013 |
Africa | 24 | 58 | 48 | 64 | 38 | 43 | 18 | 293 |
Conv | 2 | 1 | 2 | 3 | 8 | |||
NB | 14 | 36 | 36 | 51 | 17 | 29 | 12 | 195 |
ReB | 10 | 20 | 11 | 11 | 21 | 11 | 6 | 90 |
Middle East | 60 | 104 | 132 | 127 | 105 | 94 | 51 | 673 |
Conv | 3 | 2 | 1 | 3 | 2 | 1 | 1 | 13 |
NB | 46 | 85 | 117 | 111 | 73 | 76 | 36 | 544 |
ReB | 11 | 17 | 14 | 13 | 30 | 17 | 14 | 116 |
Grand Total | 1,401 | 2,028 | 1,957 | 2,205 | 1,844 | 1,876 | 1,345 | 12,656 |