Total global hotel inventory increased by more than 2,315,000 daily rooms since 2000 to 13,443,014 rooms as of February, according to the latest report by STR Global, the global hotel data provider.
The hotel inventory compound annual growth (CAGR) went up by 1.6 per cent over the 12-year period, according to STR Global's Census database.
It was led by the Asia-Pacific region which grew 2.7 per cent through February, followed by the Middle East and Africa's 2.5 per cent CAGR.
The Middle East and Africa growth took place as the region's luxury and upper upscale segment grew 3.9 per cent, says the study, to 190,514 daily rooms, followed by the upscale and upper mid-scale (up 2.4 per cent) growing to 253,958 daily available rooms.
North America, meanwhile, remained the leading market for branded hotel rooms (66 per cent of the region's inventory, representing 41.4 per cent of the global room stock with 5,565,866 daily rooms available,
It is closely followed by Europe (29.7 per cent) with 3,998,603 daily rooms and Asia (21.6 per cent) with 2,897,823 daily rooms.
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