In 2019, global rooms supply grew by +2%, driven by attractive owner returns across a number of segments.
#Industry overview driver
In a slower RevPAR environment, rooms supply growth becomes an important driver of value creation for hotel groups. RevPAR is an important indicator of the value guests ascribe to a given hotel, brand or market, and grows when guests stay more often or pay higher rates.Ģ019 saw the industry delivering its 10th year of consecutive RevPAR growth at +1% globally, slower than previous years due in part to lower growth in the global economy. In terms of key performance metrics, room supply reflects how attractive the hotel industry is as an investment from an owner’s perspective. Competition among branded players continues to increase as companies seek growth through acquisitions, organic expansion and diversification in their offer.Įvolving consumer expectations in areas such as sustainability, luxury and technology continue to influence how the industry operates, whilst increasing digital commerce has led to a broader competitive landscape involving online travel intermediaries, serviced apartments and peer-to-peer home rental companies. The $535 billion hotel industry continues to be fragmented, with 54% of rooms affiliated with a global or regional chain. Transforming Existing Hotels to Net Zero Carbon.Supporting the Trevor Project at Kimpton.Finding ways to reduce packaging in our supply chain.Helping to build a fairer future with Project L.O.V.E.Recognition for our efforts in the 2021 HERoes Advocates list.Supporting a multistakeholder project on ethical recruitment.Working with Byredo to reduce waste within the InterContinental brand.Responsible procurement at our new Windsor Head Office.Purpose-driven procurement – supporting indigenous populations.Annual Reports and Responsible Business Reports.
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