Facts About The Hospitality Industry
1. Tallest hotels in the world
6 out of the top 10 tallest hotels in the world exists in one city.
Yes, you guessed that right. Dubai has over half of the top 10
tallest hotels in the world.
2. Total number of hotel rooms in the world
Total number of rooms worldwide is expected to be around
15.5 million as per the Intercontinental hotels group report.
The number has soared as on date. According to STR Global,
the number of hotels rooms is over 18.5 million as on date and
is expected to breach the 20 million mark soon.
They say “wine is good with cheese but
better with a high quality hospitality’’
“For In Vino, wine is a relationship with
philosophy and history of the land where
it was made. For us wine is a great
story teller, educator and connector.
In Vino, as the first and only specialized
wine merchant and bar in Armenia, presents
the largest selection of the Armenian
wines along with a peerless offer of almost
1000 bottles from around the world.
We are all about wine. We make it from
grape-to-bottle, sell it, serve it, import
it and export it. In short, we love wine.
You can take your bottle with you or drink
it at In Vino by pairing it with our range
of local and imported cheeses, meats,
olives, nuts, tapas and special desserts.”
MARIAM SAGHATELYAN - Co-founder
and Owner of In Vino
T
he hospitality industry
is an integral and
indispensable part of
the worldwide market.
People are fascinated
by the information and
stories behind some of the
hotels and their rooms.
We present here a few
astonishing facts about
the hospitality industry.
3. The city with the Highest Average Room Rate
Many would believe that New York City; the city so nice, they named it twice, would take the
trophy for this one. However, the city that has the highest average rate is Geneva, Switzerland. A
room can cost almost $308 on average per night.
Phew! Yerevan was out of calculation I see.. :D
4. US Hotel Industry Revenue
The hotel industry in the US is bringing in a healthy revenue of over $162 billion in 2017.
This is expected to rise even further in 2019 and beyond.
Apparently, Americans are spending huge amounts of money on hotel and motel rooms on an
annual basis.
The story is pretty similar across the globe with the revenues of the hotel industry improving
every year.
5. The Oldest Hotel in the world
Koshu Nishiyama Onsen Keiunkan in Japan is named as the
oldest hotel in the world.
Another amazing hospitality fact is that it is recorded in the
Guinness Book of world records.
The hotel is over 1300 years old. The ownership is held by the
same family for over 50 generations.
6. The World’s Largest Hotel
Malaysia takes the cake for hosting the largest hotel in the world. First world hotel Malaysia is
said to have around 7,351 rooms. The rooms are priced between $12 to $83 on average.
As an update to this hospitality industry fact, the largest hotel tag would soon be taken away
from this Malaysian hotel. Abraj Kudai Hotel in Saudi Arabia would be opening in 2018 that
would have around 10,000 rooms and over 70 restaurants.