Industry Analysis & Industry Trends
The Global Hotels and Resorts industry experienced strong growth over the past five years. As a result of a steady rise in global travel rates, international tourism boomed over the period, as the number of global tourist arrivals increased. Moreover, the infusion of tourist dollars has benefited hotels and resorts, as room rates have also increased, causing industry revenue to also grow. Over the next five years, the industry is expected to continue its upward climb. This is because consumers will have more funds available for discretionary purchases due to consistent growth in per capita disposable income, which is expected to increase and boost industry revenue... 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