Strong global growth driven by Africa and Asia

With 3.6% growth from January 1, 2016 to January 1, 2017 in the global hotel and residence supply, for both branded and unbranded properties, the rate is the strongest in 15 years. This growth pushes it beyond several symbolic benchmarks: 25 million rooms and apartments worldwide; 8 million in Europe and closing in on 7 million in Asia Pacific. While old trends continue, a new region for growth seems obvious: the entire African continent, which is picking up where Latin America left off. 

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