The Corona pandemic hit the accommodation industry worldwide. Travel restrictions and special requirements as well as a lockdown ruined some smaller hotel businesses at the time, which could not be maintained even with government aid. However, as the research platform Statista announced, the hotel industry is subject to strong international sales forecasts and user expectations. In the hotel market segment, sales of 474.7 billion1 euros are expected by 2029. Cruises, on the other hand, remain below the expected limit of 50 billion euros in the same period.
By 2028, the number of users in the hotel segment is expected to rise to 1.4 billion worldwide2, although only 429 million were expected in 2020. Hotels are and will remain the most popular accommodation for travelers internationally, ahead of hostels, guest rooms or vacation apartments.
USA was ranked first for expected value in 2023
The hotel market segment was ranked first in 2023 with a forecast value for the USA of over 1003 billion euros, while Germany only had just over 17 billion euros with this market screener and ranked fourth after Great Britain (approx. 19 million). China took second place with a lavish forecast value of over 75 billion euros in the hotel industry.
The idea of comfortable accommodation
In the past, travelers had to spend the night in less than comfortable taverns, monasteries, or private hostels. The idea of overnight accommodation with amenities is said to have come from a British hairdresser, David Low. In 1774, he initiated the first hotel in London at 43 King Street. Here, travelers on a budget found down duvets, hot water, and beds preheated with stones for the first time. The hotel industry was born.4
Nowadays big, modern, expensive and special
Hotels are the most popular type of accommodation in international tourism. The largest hotel complex in the world is said to have been built in Malaysia. At an altitude of 1,760 metres, around 50 kilometres from Kuala Lumpur, travellers can expect a superlative hotel complex with an incredible 7,351 rooms. Since it opened in 2006, the hotel complex has welcomed well over 30 million guests.
The most unusual and expensive overnight accommodation for the well-off traveller is in the Caribbean. For around €200,000 per night, you can look at the sea world through panoramic windows; the submarine that houses it has special equipment and goes diving especially for its visitors.
Not only a good reputation attracts guests
Of all places, in the metropolis of Los Angeles in the USA, the "Cecil" hotel has a very macabre reputation. After 1930, so many guests took their own lives here that it was only called "The Suicide"-Hotel.4 In addition one of the guests is said to have been the serial killer Richard Ramirez, who was responsible for at least 13 people's deaths in the 1980s. Most recently, in 2013, the body of a female canadian student5 was found in the hotel's water tank. The hotel can also "advertise" that a total of 16 deaths within its walls remain unsolved up to now.
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1 Research Plattform Statista in Auswertung:"Prognose zum Umsatz im Markt für Hotels nach Segmenten weltweit* für die Jahre 2021 bis 2029"
https://de.statista.com/prognosen/643024/umsatz-im-markt-fuer-hotels-nach-segmenten-weltweit
2 Research Plattform Statista in Auswertung:"Hotels - Bedeutung der Hotellerie weltweit und in Deutschland"
https://de.statista.com/themen/78/hotel/
3 Research Plattform Statista in Auswertung:"Umsatzprognose im Markt für Hotels in ausgewählten Ländern in 2023 "
https://de.statista.com/prognosen/892090/umsaetze-im-markt-fuer-hotels-prognose
4 Magazin Welt der Wunder in den Artikeln "Wo steht das größte Hotel der Welt?" | "Wann eröffnete das erste Hotel?" | "Wo sollte man besser nicht einchecken?", Ausgabe 9/24, 2024. S. 70.
5 Frankfurter allgemeine Zeitung im Online-Artikel: "Tot im Wassertank", Stand: 06.03.2013
https://www.faz.net/aktuell/gesellschaft/hotel-des-schreckens-tot-im-wassertank-12105036.html