Industry Analysis & Industry Trends
The Global Hotels and Resorts industry has undergone a sustained recovery since the recent global economic downturn. Travel spending has picked up quickly and the number of global tourist arrivals has grown. As a result of increased demand for hotel and resort accommodations, room rates have increased, driving industry revenue. In the five years to 2019, the industry is expected to continue to excel, as the global economy continues to improve. Consumers will have more funds available for discretionary purchases due to consistent growth in per capita disposable income, and the industry's shift towards emerging economies will continue, taking advantage of improved tourism infrastructure in those regions... read more
The industry is generally spread according to its global share of domestic and international tourism generated activity. An estimated 42.2% of global travel and tourism economic activity occurs in Europe and an estimated 37.8% of the Global Hotels and Resorts industry's revenue is generated in the same region. North America is the industry's second largest market. While less tourism revenue is generated in North America, hotels in the United States and Canada generate significant revenue from business travelers and domestic tourists.
Within these regions, significant differences in share of hotels and international tourism by sub-region occur, which IBISWorld expects provides a good indicator of share of the industry... read more