Uncategorized Archives — Hotel and Travel Related News

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

Table of Hotel Openings

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

Breakdown of Openings

Yotel new brand – YotelPad

Yotel, which already has 2 brands has decided to launch a new brand for its portfolio. The new brand YOTELPAD is a move by the group into the extended stay segment. Its first property will be in Park City, Utah in the USA. There also plans for 2 additional properties in Lake Geneva area, I am assuming the US, but could be wrong. It also appears that the brand will be incorporated into existing buildings being developed in Dubai and also Miami.

Conversion (Conv)

New Builds (NB)

Rebrandings (ReB)

Yotel new brand – YotelPad

Hoshino new brand – OMO