Industry Analysis & Industry Trends
Over the five years to 2017, the Global Hotels and Resorts industry experienced strong growth as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Over the five years to 2022, travel spending is projected to increase as global economic conditions continue to improve and consumer spending bolsters revenue for global hotels and resorts... 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. North America is expected to account for 29.4% of revenue over the year.
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