Industry Analysis & Industry Trends
Hotel operators are poised for an uptick in room reservations as domestic and international travel rates grow. Over the next five years, the industry will expand, as operators invest in boutique hotels, spa resorts and overseas operations in emerging economies. In particular, the continued growth of specialty hotels and global operations will enable profit growth over the five years to 2019... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hotels and Motels industry is in the mature phase of its life cycle. The downturn in revenue in 2009, when the industry tumbled 8.8%, was directly attributed to the recession as well as the industry's heavy dependence on tourism and aggregate consumption levels. However, over the long term, the industry has exhibited consistent growth. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to GDP, is forecast to grow at an average rate of 6.3% per year, above GDP growth of 2.5% over the same period.
Domestic travel growth is expected to continue over the next five years, although at a slower rate than international tourism, due to businesses' travel needs and consumers' increased leisure time and income... purchase to read more