Industry Analysis & Industry Trends
Sleeping sound
The industry took a big his as domestic and global economic worries hindered spending and travel in 2008 and 2009. However, a strong rebound in the following years will push revenue above prerecession levels, thus increasing profit margins. Technological advances like online booking, travel websites and mobile applications will make it easier for consumers to make reservations. Though the outlook remains mostly positive, slowly rising consumer sentiment could have a negative effect on the industry.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Despite the recent downturn in revenue, the Boutique Hotels industry is in a growth phase. The latest decline in revenue can be directly attributed to the economic recession as well as the industry's heavy dependence tourism and consumer spending levels. Over the ten years to 2017, industry value added, which measures an industry's contribution to GDP, will grow at an annual rate of 3.7% per year, compared to 1.9% GDP growth over the same period. This is supported by expected continuing growth in the overall tourism and travel market, particularly international travel into the United States, as well as rising popularity and consumer interest in boutique hotels... purchase to read more