Each year, the global traveler pool is flooded with millions of new consumers from both emerging and developed markets, many with rising disposable incomes and a newfound ability to experience the world. Below are just some of the forces poised to drive revenue for hotels, airlines, restaurants, and other players in the travel ecosystem. Amid low inflation and low unemployment, the US economy seems poised to sustain 2 to 2.
The hotel company contributing the most to this figure was the British hotel chain InterContinental Hotels Group which, inmade 24 billion U.
Other major players in this industry include Hilton Worldwide and Marriott International with 4, and 4, hotels, respectively, across the world. Important performance measures for the hotel industry are the average daily rate ADRthe revenue per available room RevPARand the occupancy rate of a hotel.
In order to achieve the most accurate performance indication, these benchmarks should be analyzed together. In Februarythe highest occupancy rate in the world was seen in the Asia Pacific region at Despite having one of the lowest occupancy rates in the world in the first month of the occupancy rate in the Americas was just The most expensive city for hotel rates in the U.
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Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.A Hotel Industry analysis reveals that bookings in travel and tourism hit almost $ trillion in thanks to a strong global economy.
Hotel Industry which is one of the Primary Sectors of the Hospitality Industry constituted for over 30% of this value. Analysis for hotel industry is the best and modern way to find factors which affect it.
Social and environmental part play a significant role equally in strategic management.
However, economic factors are divided into legal factors. NEW YORK, Nov.
19, /PRNewswire/ -- The hotel industry is one of the major sectors in the hospitality sector. Hotel facilities vary in function, size, and cost.
The facilities provided by. The global hotel industry revenue is predicted to reach $ billion US dollars in The industry revenue was worth $ billion US dollars in , which showcases an increase in revenue of.
A Hotel Industry analysis reveals that bookings in travel and tourism hit almost $ trillion in thanks to a strong global economy. Hotel Industry which is one of the Primary Sectors of the Hospitality Industry constituted for over 30% of this value.
demand data for the hotel industry, and provides market share analysis for all major hotel chains and brands in the United States, Canada, Mexico and the Caribbean.
Based on data.