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The Global Hotel Industry and Trends for 2016

The global hotel industry revenue is predicted to reach $550 billion US dollars in 2016. The industry revenue was worth $457 billion US dollars in 2011, which showcases an increase in revenue of almost $100 billion US dollars in the past five years as we move into 2016, if this prediction proves to be true.

Europe and Asia Pacific continue to be key regions for the industry at large with the highest hotel occupancy rates to be found there at over 68% respectively. Both the Middle East and Africa are the most expensive regions for hotel room rates with a $165.97 US dollar daily room rate on average.

Across the industry, there are key business, technology and hotel marketing trends that are set to take root and impact the industry as a whole in 2016. These range from the rise of the millennial traveller as the dominant consumer group by 2017, to the increased interest in using mobile devices and apps to enable more personalised hotel guest services.

Killarney Hotels

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Recent News

  • 11/22/2016
Trump’s Pledges to Dismantle Dodd-Frank Act. What does this mean fore the Timeshare Business?
    President-elect Donald Trump is translating some of his populist campaign rhetoric into policy statements, including the contention that the Dodd-Frank Act should be scrapped because it has made Wall Street banks an even bigger threat to the nation’s economy and...
  • 10/24/2016
Barring Sales In Manhattan Club Timeshare Hotel
A.G. Schneiderman Announces Court Order Barring Sales In Manhattan Club Timeshare Hotel     Order Temporarily Bars Developers From Selling Interests In The Timeshare Pending Fraud Investigation; Freezes Assets And Bars Targets From Foreclosing On Defrauded Purchasers ...
  • 7/31/2016
10 GLOBAL HOSPITALITY TRENDS IN HOTELS & RESORTS
10 GLOBAL HOSPITALITY TRENDS IN HOTELS & RESORTS WHAT IS HAPPENING TO OUR INDUSTRY OVER TIME? WHERE DID ALL THE GLAMOUR GO? From time to time an industry expert will issue a set of Global Trends that are neither trends in the true sense....... or global. On the eve of a large...

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