Global hotel inventory has grown 18% in 10 years

In marking the 10-year anniversary of STR launching its international business, the company reports that global guestroom inventory grew 17.7% in the past 10 years. In 2008, STR reported there were 170,047 hotels representing 14.4 million guestrooms. As of January 2018, the number of hotels grew to 184,299 and guestrooms grew to 16.9 million.

“The hotel sector and its rate of return continue to attract real-estate investors—that is evident through the substantial growth in performance metrics and development we have seen over the past decade,” said Robin Rossmann, STR’s international managing director. “While the story is rarely the same for any two markets around the world, the industry as a whole continues to perform at robust levels, and we expect continued growth over the coming years.”