Over the past decade, the multi-billion dollar hospitality industry has experienced exponential growth, increasing in overall combined revenue from $116 billion in the early 2010s, to over $185 billion today. The domestic hospitality industry’s growth, marked by significant upturns in global tourism and business travel to and from China, Hong Kong, and India have paved the way for economists to…
In 2019, the secret is out: the hospitality industry is booming, and the wave is poised to inundate several surrounding market sectors as well.In addition to touting a promising forecast into the future, the steady climb of the hotel and accommodations industry over the past ten years affords a unique confidence in its continued potential growth. Here are five trends…