According to the Census database from STR
Global, the total global hotel inventory has increased by more
than 2,315,000 daily rooms since 2000 to reach 13,443,014 rooms as
of February 2012.
The hotel inventory compound annual growth
(CAGR) increased by 1.6% over the 12-year period, led by Asia
Pacific and the Middle East/Africa region, which grew respectively
by 2.7% and 2.5% CAGR through February 2012.
Whilst North America remained the leading market
for branded hotel rooms (66% of the region's inventory) as of
February 2012, it also represents 41.4% of the global room stock
with 5,565,866 daily rooms available. It is closely followed by
Europe (29.7%) with 3,998,603 daily rooms and Asia (21.6%) with
2,897,823 daily rooms.
"Across all regions, branded room inventory has
increased compared to those from independent hotels in the 12-year
period to February 2012," said Elizabeth Randall, managing
director at STR Global. "The Asia Pacific and Middle East/Africa
regions led the inventory growth, particularly with the Luxury and
Upper Upscale segments, which increased 3.2% and 3.9% CAGR,
respectively. During the same period, the Economy and Midscale
segment in North America was the only market segment globally that
saw a declining daily room inventory (-0.3% CAGR)."
Across Europe, total room inventory through
February 2012 increased 1.1% CAGR during the 12-year period. The
major changes within the market class saw the Upscale and Upper
Midscale segment increasing from 39% of European total room
inventory to 41% during the same period. The Economy and Midscale
segment saw its market share decrease from 46% in 2000 to 44%,
with daily available rooms reaching 1,762,420 (+141,538 rooms) in
February 2012 compared to 2000.
The Asia Pacific region, with 21.4% of the
global room inventory in February 2012, increased room supply by
2.7% CAGR over the 12-year period to reach 2,897,823 daily rooms.
The Luxury and Upper Upscale segment saw the largest CAGR increase
(+3.2%) in the region during the same period with an additional
191,799 daily rooms. The Upscale and Upper Midscale, and Economy
and Midscale segments increased their daily room inventory
respectively by 2.6% and 2.5% CAGR since 2000. In 2000, 39% of the
hotel inventory in the region was classified as branded supply,
and by February 2012 branded hotel rooms represented 42% of the
total Asia Pacific region's inventory.
Looking at the Middle East/Africa, the region
saw room supply increase by 2.5% CAGR over the 12-year period. The
region's Luxury and Upper Upscale segment grew by 3.9% during the
same period, reaching 190,514 daily rooms, followed by the Upscale
and Upper Midscale (+2.4%) growing to 253,958 daily available
Central/South America had the fewest number of
branded rooms compared to the other regions. The region saw its
room supply increase by 1.7% CAGR, reaching 352,330 daily rooms in
February 2012. Central/South America's Luxury and Upper Upscale
segment inventory increased 2.1% to 68,685 daily rooms available
during the 12-year period.
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