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Global hotel and resort industry market size worldwide 2013-2023

Published by Statista Research Department, Feb 13, 2024
The market size of the hotel and resort sector worldwide peaked at 1.52 trillion U.S. dollars in 2019. As a result of the coronavirus (COVID-19) pandemic, the market size dropped below one trillion in 2020 and 2021. In 2023, the market size was forecast to reach 1.21 trillion U.S. dollars.

Market size of the hotel and resort industry worldwide from 2013 to 2022, with a forecast for 2023 (in trillion U.S. dollars)

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Release date

January 2022

Region

Worldwide

Survey time period

2013 to 2022

Supplementary notes

*Forecast.
Figures have been rounded.

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