Industry Analysis & Industry Trends
The industry has experienced robust growth, due to increases in travel spending, corporate profit and consumer spending. As a result, the industry has grown over every year since 2011, as the economy improved and domestic and international travel rates increased. Over the five years to 2021, the industry will continue expanding, albeit at a more moderate pace, with particularly strong growth in the extended-stay hotels, boutique hotels, spa and health retreats and resorts segments. Additionally, operators are expected to expand abroad into emerging economies, leading to an increase in revenue... purchase to read more
Industry Report - Industry Locations Chapter
The industry is generally spread according to share of population and economic activity, but also according to a city's, region's or state's share of domestic and international visitor travel as a business or pleasure and holiday destination.
The proportion of hotel and motel establishments in a particular state or region is also driven by the attractions it offers, particularly those of international significance, or with international recognition, such as the Grand Canyon, Disneyland, Las Vegas, New York and Hollywood. Some states like New York attract business visitors because they have major commercial centers or are major industrial, financial and commercial centers for business or conference and convention travelers... purchase to read more