This statistic shows the number of hotel rooms in selected cities in the United States as of January 2016. Of the selected cities, Las Vegas had the most hotel rooms with 167,730 as of January 2016.

Cost of living can vary wildly depending on the city that people live in. Some are hugely expensive while others are comparatively cheaper. This variety can also be seen in the average overnight price of hotels. In September 2023, New York held the highest hotel rate in North America when compared to other selected cities. The average overnight price for a hotel room in New York was 504 U.S. dollars.

In the second quarter of 2024, the city of São Paulo had nearly 2,600 hotel rooms under construction, leading the hotel building projects in Latin America and the Caribbean. Mexico was the country with the largest number of new hotel rooms planned in the region as of that same year.

The North America hotels market is projected to reach a value of $40.16 billion by 2033, growing at a CAGR of 8.50% during the forecast period (2025-2033). The growth of the market is attributed to the increasing number of business travelers, rising disposable income, and growing tourism industry in the region. Additionally, the increasing popularity of online travel agencies and the growing trend of staycations are also contributing to the growth of the market. The market is segmented on the basis of service type and geography. In terms of service type, the market is divided into business hotels, airport hotels, suite hotels, resorts, and others. The business hotels segment is expected to hold the largest share of the market during the forecast period. This is due to the growing number of business travelers in the region. In terms of geography, the market is divided into the United States of America, Canada, and Mexico. The United States of America is expected to hold the largest share of the market during the forecast period. This is due to the large number of tourists and business travelers in the country. Recent developments include: July 2023: Choice Hotels acquired Radisson Hotel Group Americas. The deal was worth around $675 million, and with this deal, Choice Hotels acquired nine new brands, 624 hotels, and over 67,000 rooms., November 2022: Hyatt Hotel Corporation and Dream Hotel Group reached an agreement whereby Hyatt acquired Dream Hotel Group's lifestyle hotel brand and management platform, including the Dream Hotels, Chatwal Hotels, and Unscripted Hotels brands, with properties in some of the world's most prominent hotel markets across the Americas, Europe, and Asia., October 2022: Marriott International reached an agreement with Hoteles City Express, S.A.B. de C.V., to acquire the highly regarded City Express brand portfolio. The portfolio comprises 152 hotels, including 17,356 rooms across 75 cities in Mexico and three additional countries in Latin America. With this acquisition, Marriott is poised to become the largest hotel company in the Caribbean and Latin America, expanding its presence significantly in secondary and tertiary markets in the region.. Key drivers for this market are: Growing Popularity of Museums, Historical Sites, Zoos and Park is driving the Market Growth, Digitalized Experiences is Driving the Market. Potential restraints include: Distinct institutional cultures and values, Adapting to the changes in technology is tough for the Institutions. Notable trends are: North America Dominates the Luxury Hotel Segment Globally.

The North American hotels market, encompassing the United States, Canada, and Mexico, is a substantial and dynamic sector. With a 2025 market size of $40.16 billion and a projected Compound Annual Growth Rate (CAGR) of 8.50% from 2025 to 2033, significant expansion is anticipated. This growth is fueled by several key drivers. Increased tourism, both domestic and international, particularly within the US, contributes significantly. The rise of business travel, particularly in major metropolitan areas, further boosts demand. Additionally, the increasing popularity of leisure travel and the expansion of the middle class in North America contribute to the market's expansion. The market is segmented by service type (business hotels, airport hotels, suite hotels, resorts, and others) and geographic location. The US commands the largest market share due to its robust economy and extensive tourism infrastructure. Canada and Mexico, while smaller, also contribute significantly, particularly benefiting from tourism and proximity to the US. Competitive pressures from established players like Marriott, Hilton, and Hyatt, as well as emerging boutique hotels and independent operators, shape market dynamics. While the market outlook is positive, certain restraints exist. Economic downturns can impact business and leisure travel, reducing hotel occupancy rates. Seasonal variations in tourism also influence demand. Furthermore, rising construction costs and labor shortages pose challenges for new hotel development. However, the industry's adaptability, with innovations like enhanced technology integration and sustainable practices, mitigates these risks. The market's continued growth is strongly projected, driven by the factors mentioned above, despite these challenges. The forecast suggests a steady increase in market value throughout the 2025-2033 period, reflecting the market's overall strength and resilience. Specific regional breakdowns within North America require more granular data but the overall trend points towards continued robust growth. Recent developments include: July 2023: Choice Hotels acquired Radisson Hotel Group Americas. The deal was worth around $675 million, and with this deal, Choice Hotels acquired nine new brands, 624 hotels, and over 67,000 rooms., November 2022: Hyatt Hotel Corporation and Dream Hotel Group reached an agreement whereby Hyatt acquired Dream Hotel Group's lifestyle hotel brand and management platform, including the Dream Hotels, Chatwal Hotels, and Unscripted Hotels brands, with properties in some of the world's most prominent hotel markets across the Americas, Europe, and Asia., October 2022: Marriott International reached an agreement with Hoteles City Express, S.A.B. de C.V., to acquire the highly regarded City Express brand portfolio. The portfolio comprises 152 hotels, including 17,356 rooms across 75 cities in Mexico and three additional countries in Latin America. With this acquisition, Marriott is poised to become the largest hotel company in the Caribbean and Latin America, expanding its presence significantly in secondary and tertiary markets in the region.. Notable trends are: North America Dominates the Luxury Hotel Segment Globally.

The average price of accommodation in hotels and similar lodging establishments in Mexico City in amounted to 110 U.S. dollars in February 2024. The average price of hotel rooms reached the highest peak of the previous year in October, at 119 U.S. dollars.

In financial year 2024, the south-western state of Goa had the most expensive average daily rate (ADR) for hotel rooms at about *** U.S. dollars. On the other hand, Lucknow had the lowest average daily rate of about ** dollars during the same time period.

In the third quarter of 2024, the city with the highest costs for the construction of a 5-star hotel in the United States is Honolulu at *** U.S. dollars per square foot. A 3-star hotel in Phoenix, Arizona, on the other hand, cost on average of *** U.S. dollars per square foot. The average construction costs of housing in those U.S. cities was similarly distributed. Construction costs of hotels In the construction of a hotel, there are a variety of factors to consider such as room amenities, additional on-site services, and interiors. Nevertheless, some of the most important elements that can determine the cost of a building are the salary of workers, the cost of the equipment, and the price of raw materials and appliances. Generally, construction cost figures include the foundation, roof, windows, exterior and interior walls, bathrooms, and heating and cooling systems, among other factors. Hotel projects tend to use higher quality techniques and materials to minimize the need for repair or replacements. Hotel construction pipeline worldwide Some of the cities with the most rooms under construction were in China and in the United States. Meanwhile, Cancún was the city leading the hotel construction pipeline in Latin America, with figures that were much higher than those for the rest of the cities included in the ranking. One of the tallest skyscrapers under construction in the U.S. was the Waldorf Astoria Hotel and Residences in Miami.

This statistic shows the quarterly average daily rate of hotels in New York in 2016 and 2017. In the first quarter of 2017, the average daily rate of hotels in New York in the United States was 257 U.S. dollars.

Accommodation in New York - additional information

The average daily rate of hotels in New York appears to be much higher in the fourth quarter of the year, reaching 389 U.S. dollars in 2016. In 2016, New York was the second most expensive city in the United States for hotel rates, followed by San Francisco where the average daily rate was 231 U.S. dollars for the full year.

New York was the most expensive city for business travel in the United States in 2016, in terms of daily hotel cost. Within the state of New York, Montauk was the most expensive destination in terms of hotel rates. It does not end with the room rates: while ranking seventh in the world on a list of the most expensive cities for hotel room service, New York was still the second most expensive city in U.S.

There are cheaper accommodation services available for those visiting New York. New York residents themselves are happy to try out Airbnb with 64 percent of them saying they would at least consider using the services in the few days between rental contracts when moving to a new apartment. That said, 44 percent of New Yorkers were worried about the kind of people who might be renting out their rooms and apartments.

This statistic displays the average daily rate of hotel rooms in selected cities in the United Kingdom (UK) in 2017. In 2017, the most expensive city according to average daily room rate was London with an average price of 226.82 U.S. dollars per day. It was followed by Edinburgh and Reading at 152.35 and 141.85 U.S. dollars respectively.

The majority of guests on Airbnb are women. Most Airbnb guests are aged 25 to 34.

The average price of accommodation in hotels and similar lodging establishments in the Brazilian City of Rio de Janeiro in amounted to 117 U.S. dollars in February 2024. The average price of hotel rooms reached the highest peak of the previous year in January, at 115 U.S. dollars.

The hotel occupancy rate in Las Vegas reached 83.5 percent in 2023. This figure reflects an increase over the previous year's total of 79.2 percent. In 2020, hotel occupancy was severely impacted by the coronavirus (COVID-19) pandemic. Tourism in Las Vegas With a population of more than one and a half million, the city of Las Vegas is the most populous in the state of Nevada. It is a well-known resort city with gambling, dining, shopping and nightlife being its main attractions and drawing millions of visitors each year from other parts of the United States and beyond. However, the growing cases of coronavirus infections caused enormous repercussions in the city’s tourism. In 2020, the number of visitors to Las Vegas dropped by as much as 55 percent from the previous year. Hotel occupancy and daily room rates also declined in that year. How did COVID-19 affect casino gaming? As with the lodging sector, the gambling industry was also severely affected by the pandemic. In order to control the spread of the virus, casinos and non-essential businesses were forced to close, causing a staggering drop in casino revenue. The win amount of casino poker games in Nevada fell by over 50 million U.S. dollars from 2019 to 2020.

Revenue per available room (Rev PAR) is a key indicator in the hotel industry, calculating revenue in terms of how successfully rooms are being filled. In fiscal year 2024, for every room that was filled in a hotel in India, the revenue was 66 U.S. dollars. This was an increase compared to the previous year. Regional tourism impacting hotels The general push towards domestic tourism within India post-COVID, along with increasing disposable incomes and a rising middle-class has contributed to the recovery of the hotel industry in the country. RevPAR was highest among tier-1 cities including Hyderabad, Delhi, Mumbai, and Bengaluru. Business and corporate travel is a key contributor to growth in these cities, specifically among luxury hotels. Regions that are mainly holiday destinations (like Goa, Kerala, Udaipur) experience a more seasonal fluctuation – with higher occupancy rates during summer months and holidays. Furthermore, tier-II cities, and mid-range and budget hotels have recorded significant growth in recent years. Mid-range hotels disrupt traditional hotel market The impact of inflation on operating costs, rise of online travel agencies, and competitive pricing reflect in the fluctuations within the hotel market. This is especially prominent in the mid-range segments with players like Airbnb and OYO Rooms disrupting traditional hotel segments, forcing the country’s leading hotels to reassess, innovate, and adopt more dynamic methods to attract customers.

The average cost for overnight accommodation in New York was *** U.S. dollars in September 2023. Overnight accommodation costs in the Big Apple experienced an overall increase since the beginning of the year.