Adria Hotel Forum held in Zagreb, Croatia 14 and 15 February, 2018: Are we managing growth or is it “happening” to us? and Are we competitive?
Accommodation sharing giant Airbnb is taking off in Africa.
Since 2009, Chinese visitor numbers have grown over 350% from 300,000 to 1.1 million
Marriott International announced that 2016 represented the strongest year of rooms growth in its history
Flight booking data shows only modest growth heading into early 2017 and beyond.
The probability of the hotel industry being in recession has been in a range between 40% to 46% in the last seven months indicating that the industry is in a major slowdown near the borders of the recession.
In U.S. dollar constant currency, Europe’s year-end 2015 RevPAR growth reached +6.9%, while growth in the U.S. hit +6.3%.
2016 outlook for the global hotel industry as Fitch expects global RevPAR growth will modestly decelerate to a healthy 3% to 5%.
Hotel industry revenue levels topped an estimated US$176 billion in 2014, which is nearly US$14 billion more than 2013, according to STR Analytics’ 2015 Hotel Operating Statistics (HOST) Almanac.