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 2010, as the economy improved and domestic and international travel rates increased. In the five years to 2020, the industry will continue to perform well, 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 SWOT Analysis Chapter
The Hotels and Motels industry is in the mature phase of its life cycle. As the industry is heavily dependent on tourism and aggregate consumption levels, overall increases in these drivers of demand have contributed to steady revenue growth over the long term. Over the 10 years to 2020, industry value added (IVA), which measures an industry's contribution to GDP, is forecast to grow at an average rate of 3.3% 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