Strong global growth driven by Africa and Asia [2/2]

2 min reading time

Published on 08/07/17 - Updated on 09/03/22

Shanghaï

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.

For more information, see the first part of this article. The different movements and accelerations progressively shift the breakdown of global positioning. Europe continues to be the best equipped in terms of hotel and residence supply, ahead of Asia-Pacific which has surpassed North America that...

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