{"id":2383,"date":"2020-02-14T17:05:02","date_gmt":"2020-02-14T17:05:02","guid":{"rendered":"https:\/\/movity.com\/?p=2383"},"modified":"2024-02-18T11:58:52","modified_gmt":"2024-02-18T11:58:52","slug":"hospitality-industry-statistics","status":"publish","type":"post","link":"https:\/\/movity.com\/blog\/hospitality-industry-statistics\/","title":{"rendered":"20 Intriguing Hospitality Industry Statistics in 2024"},"content":{"rendered":"<p>[vc_row][vc_column][vc_column_text]<span style=\"font-weight: 400;\">With tourism and traveling becoming a much more accessible luxury, it\u2019s absolutely crucial for hospitality businesses to stay on top of the trends. Staying informed about <\/span><span style=\"font-weight: 400;\">hospitality industry statistics<\/span><span style=\"font-weight: 400;\"> will give you the necessary tools to meet your clients\u2019 needs in order for your business to rapidly grow.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you know exactly what it takes to succeed in the hospitality industry, you will be able to come up with strategies to elevate your business to the next level. To help you see the big picture, we collected a variety of different statistics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s dive right in.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Fascinating Lodging Industry Statistics (Editor\u2019s Choice)&#8221; font_container=&#8221;tag:h2|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The retail value of the global hotel industry is $147.57 billion.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">There are more than 200,000 hotels in the world.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Wyndham Hotel Group has the most properties in the world.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The owner of Las Vegas Sands is worth $39 billion.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">New York is the most expensive city for business travel.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">462 million is the number of annual domestic business flights in the US.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">1.1 million Americans are employed in the hospitality industry.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">62.2% of all US hotel rooms are occupied each day.<\/span><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Global Hotel Industry Market Size&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">1. The global hotel industry has a retail value of $147.57 billion.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(GlobeNewswire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Reaching new heights, <\/span><span style=\"font-weight: 400;\">hotel industry global statistics<\/span><span style=\"font-weight: 400;\"> show that the market size is currently worth nearly $150 billion. This includes overall revenue combined with market value of global leading hotels.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">2. The global hotel industry market size is expected to double in revenue by 2026.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(GlobeNewswire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Extensive research by Zion Market has projected a steady CAGR of 4.6%. This will boost the <\/span><span style=\"font-weight: 400;\">hospitality industry statistics worldwide<\/span><span style=\"font-weight: 400;\"> by generating an estimated amount of $211.54 billion by the end of 2026. With the rapid rate in which small to very large hotels are going up, this might increase even more within the following years.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">3. There are more than 200,000 hotels in the hotel industry.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(PhocusWire)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The big question is:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHow many hotels are there in the world?\u201d<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And here\u2019s the answer:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An estimated 200,900 hotels are situated around the globe. These hotels offer almost 18 million rooms. The figure excludes other accommodation providers like motels, bed and breakfasts, backpackers, and hostels.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">4.<\/span> <span style=\"font-weight: 400;\">The global travel industry is worth $1.6 trillion.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(CondorFerries)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><span style=\"font-weight: 400;\">global hospitality and tourism industry statistics<\/span><span style=\"font-weight: 400;\">, the Global travel industry accounts for almost 10% of world GDP. So, 2020 is the perfect time to get involved in hospitality that caters to travelers and tourists alike.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">5.<\/span> <span style=\"font-weight: 400;\">The average hotel room is 325 square feet.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Fixr)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you were wondering <\/span><span style=\"font-weight: 400;\">how big is the average hotel room<\/span><span style=\"font-weight: 400;\">, the answer is quite surprising. On average, a hotel in the US will have approximately 115 rooms of approximately 325 square feet.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The area will typically include &#8211; a bathroom with toilet, sink, shower\/bathtub; a bedroom area with a bed, lighting, side tables, and electrical outlets; as well as an area where coffee\/tea can be made or a space for a TV set.\u00a0<\/span>[\/vc_column_text][vc_single_image image=&#8221;2385&#8243; img_size=&#8221;1400&#215;800&#8243; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Leading Hotel Companies Worldwide and in the US&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">6.<\/span> <span style=\"font-weight: 400;\">According to <\/span><span style=\"font-weight: 400;\">hospitality industry statistics,<\/span><span style=\"font-weight: 400;\"> he Wyndham Hotel Group is the worldwide leader.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hotel industry statistics<\/span><span style=\"font-weight: 400;\"> show that the Wyndham Hotel Group has the most hotels in the whole world. They have more than 9,000 hotel units ranging from budget and economy to upscale and deluxe. Next in line is Choice Hotels International with 7,045 hotels, while Marriot International comes third with 7,003 properties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The industry is extremely competitive, which means that these numbers change rapidly throughout the year. In 2018, Wyndham added a whopping 900 properties to ita portfolio.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">7. The largest hotel in the world is in Moscow.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(RW Genting)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Izmailovo hotel in Moscow has a mind-boggling total of 7,500 rooms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In second place, with 7,351 guestrooms and situated in the capital city of Malaysia, The First World Hotel and Plaza, is massive. With 36 floors (not counting an additional 8 basements), it provides Kuala Lumpur visitors with a variety of budget \u2013 luxury boarding. Part of the Resorts World Genting group, this hotel is rated 3-stars.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a few years, the Abraj Kudai in Mecca, Saudi Arabia, will shoot to first place with a staggering 10,000 rooms. It\u2019s still under construction, but once finished it will be known as the world\u2019s largest hotel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Keep in mind that the <\/span><span style=\"font-weight: 400;\">average number of rooms in hotels<\/span><span style=\"font-weight: 400;\"> is only 332.6!<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">8. The owner of Las Vegas Sands is the richest hotel mogul in the US.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Forbes)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a net worth of $39 billion, Sheldon Adelson is the richest hotel owner in the US. He bought the Sands Hotel &amp; Casino in Las Vegas for only $128 million, not a fraction of what it is worth today. After following <\/span><span style=\"font-weight: 400;\">hotel market trends<\/span><span style=\"font-weight: 400;\">, he increased the <a href=\"https:\/\/movity.com\/blog\/property-price-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>property price<\/strong><\/a> to at least $6.6 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following Sheldon Adelson is President Donald Trump. Prior to his presidency, Trump focused on Trump International Hotels, which includes properties in New York, Chicago, and Las Vegas.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interesting fact: Sheldon Adelson donated $123 million to Trump\u2019s campaign in 2018.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">9.<\/span> <span style=\"font-weight: 400;\">Park Hyatt Hotels are rated the best in the world.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Reader\u2019s Digest)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Park Hyatt Hotels is popularly known as <\/span><span style=\"font-weight: 400;\">the future of hospitality<\/span><span style=\"font-weight: 400;\">. Hyatt opened its first hotel in 1980, the Hyatt Regency in Maui. The company has shown rapid growth, and by the end of 2019, it has 627 hotels globally.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Park Hyatt and Grand Hyatt brands are the highest rated hotel groups in the world. Not only do they provide guests with luxurious accommodation, but they also offer a variety of activities and experiences.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Short on the Hyatt\u2019s heels are Hilton\u2019s 15 hotel chains. With more than 5500 hotels globally, the Hilton is a top-rated brand. It has a variety of luxury resorts and embassy suites that give visitors an exquisite lodging experience.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2386&#8243; img_size=&#8221;1400&#215;700&#8243; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Business Travel Worldwide&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">10. New York charges $799 for business executive travel per day.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(CNN)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Global hospitality industry statistics<\/span><span style=\"font-weight: 400;\"> have shown that business travel can be much more expensive than backpacking or traveling with a family. A traveling executive can plan to spend at least $799 per day in the Big Apple.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The second priciest business travel location is Geneva, Switzerland, with an average of $716 per day. In third place is another Swiss city, Zurich, with an estimated expenditure of $661.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">11. In 2019, there were 462 million business flights in the US.\u00a0<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(TravelPerk)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This number is forecast to increase to a whopping 499.5 million by the end of 2022. Given the affordability of local flights, meetings for companies from all over the States can be hosted in one location.\u00a0\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">12. Brits spent $50 billion on business travel in 2017.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(TravelPerk)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hospitality industry statistics in the UK<\/span><span style=\"font-weight: 400;\"> show that Brits spend big time on business travel. Thanks to its famous beach and close proximity to London, Brighton has become a popular hub for business people traveling from Europe and other parts of the UK.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">13.<\/span> <span style=\"font-weight: 400;\">The<\/span> <span style=\"font-weight: 400;\">average cost of a one-night stay in a motel is $45-$100.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Skyscanner)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">average cost of motels in cities<\/span><span style=\"font-weight: 400;\"> is pretty reasonable. Naturally, it will vary depending on which city you are staying in. For comparison, a one-night stay in a business hotel will set you back around $150-$200.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2387&#8243; img_size=&#8221;1400&#215;700&#8243; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Employment Within the Hospitality Industry&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">14. 1.1 Million Americans are employed in the hospitality industry.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(US Bureau of Labor Statistics)\u00a0 \u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hospitality industry job statistics<\/span><span style=\"font-weight: 400;\"> in the US show that, as of June 2019, over 1,142,000 individuals were employed within the hospitality industry. This includes restaurant services, accommodations, and recreational entertainment and activities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since June, job openings decreased with 81,000. And with a total of 101,000 layoffs and job resignations, one might wonder <\/span><span style=\"font-weight: 400;\">how happy are employees<\/span><span style=\"font-weight: 400;\"> in the industry?\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">15.<\/span><span style=\"font-weight: 400;\">\u00a0 <\/span><span style=\"font-weight: 400;\">Competitors create the biggest problems for hospitality business owners.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Impos)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to recent <\/span><span style=\"font-weight: 400;\">hotel business stats<\/span><span style=\"font-weight: 400;\">, 73% of hospitality owners claimed their competition has been growing rapidly with each passing month, resulting in revenue loss. One big blow is the rising platform <strong><a href=\"https:\/\/movity.com\/blog\/airbnb-statistics\/\" target=\"_blank\" rel=\"noopener noreferrer\">airbnb, as statistics show<\/a> <\/strong>that travelers are frequently using it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Staying on top of the 2020 trends is the only way your business can compete with modern hospitality businesses.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">16.<\/span><span style=\"font-weight: 400;\">\u00a0 <\/span><span style=\"font-weight: 400;\">54% of restaurant managers work 50+ hours each week.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Clearly, there\u2019s no time for rest when you work in the hospitality industry. Most employees have to work on weekends, during holidays, and at night.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to <\/span><span style=\"font-weight: 400;\">restaurant industry statistics<\/span><span style=\"font-weight: 400;\">, 36% of waiters and 44% of bartenders work a total of 39 hours per week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">54% of restaurant managers, 31% of business operators, and 28% of chefs work more than 50 hours per week.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Running around the clock, 1% of fast-food servers, 3% of waiters, 6% of dishwashers, and 9% of restaurant hostesses work an average of 50+ hours per week.<\/span>[\/vc_column_text][vc_single_image image=&#8221;2388&#8243; img_size=&#8221;1400&#215;700&#8243; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Occupancy Rates and Travelers Statistics&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<h4><span style=\"font-weight: 400;\">17.<\/span> <span style=\"font-weight: 400;\">Spending on travel in the US has grown from $500 Billion to $1,000 billion.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(Statista)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Americans really love zipping around. This is evident in the way they spend their money. The estimated spending on travel in 2000 was $585 billion. Fast-forward to 2018, and Americans ended up spending an astonishing $1,037 billion on domestic and international travel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With numbers like these, the <\/span><span style=\"font-weight: 400;\">travel and hospitality industry<\/span><span style=\"font-weight: 400;\"> is estimated to grow even more rapidly in the years to come.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">18.<\/span> <span style=\"font-weight: 400;\">62.2% of US hotel rooms are occupied each day.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(CreditDonkey)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nearly two-thirds of the thousands of rooms that are available for people traveling around the United States every single day, <\/span><span style=\"font-weight: 400;\">hospitality industry statistics<\/span><span style=\"font-weight: 400;\"> reveal!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Compare this to Turkey with an occupancy rate of 67.6%, Europe with an occupancy rate of 72.2%, and the tourist city Istanbul with an occupancy rate of 65.7%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other countries like South Africa have an occupancy rate of 59.2%.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">19.<\/span> <span style=\"font-weight: 400;\">Hotel trends 2020<\/span><span style=\"font-weight: 400;\"> include an eco-friendly environment.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(HotelNewsResource)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Millennials are at the forefront of 2020 hotel trends. For any hotel to attract millennials, the focus needs to be on using more sustainable products. Going green will keep your hospitality business growing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other trends include whether your service is social-media-friendly. In other words, something about your property has to be photo-friendly. Furthermore, travelers are looking for exclusive experiences in cities, villages, and towns that are off the beaten track.<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">20.<\/span> <span style=\"font-weight: 400;\">Almost $100 of revenue is made per room in the US.<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">(STR)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By Q3 2019, the US <\/span><span style=\"font-weight: 400;\">hotel industry revenue statistics<\/span><span style=\"font-weight: 400;\"> have shown that, at an average daily rate of $133.25, a hotel room will generate a revenue of $94.42.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">During this period, the US hotel industry reached the highest revenue quarterly rate in history, with a total revenue of $46.5 billion.<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Conclusion&#8221; font_container=&#8221;tag:h3|text_align:center&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<span style=\"font-weight: 400;\">The latest <\/span><span style=\"font-weight: 400;\">hospitality industry growth statistics<\/span><span style=\"font-weight: 400;\"> suggest the market remains on the up. With property developers building hotels around every corner, the hotel business is booming. Traveling has become almost second nature, whether it\u2019s for leisure or business.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hospitality industry statistics<\/span><span style=\"font-weight: 400;\"> prove that more people than ever are traveling across the globe and staying in motels, hotels, resorts, and hostels. With a global net worth of $147 billion, the hospitality industry is an open door for opportunity. Following <\/span><span style=\"font-weight: 400;\">2020 hospitality industry<\/span><span style=\"font-weight: 400;\"> trends, more individuals will be looking for exclusive attractions that are culturally all-inclusive and eco-friendly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bottom line:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hospitality is growing at a high percentage. And success is likely to come your way as long as you stay trendy.\u00a0 <\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;Sources:&#8221; font_container=&#8221;tag:p|text_align:left&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.globenewswire.com\/news-release\/2019\/03\/08\/1750501\/0\/en\/Global-Hotels-Market-Expected-To-Reach-USD-211-54-Billion-By-2025-Zion-Market-Research.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">GlobeNewswire\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.phocuswire.com\/How-many-hotels-in-the-world-are-there-anyway-Booking-com-keeps-adding-them\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PhocusWire<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.condorferries.co.uk\/hotel-industry-statistics\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CondorFerries<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.fixr.com\/costs\/build-hotel\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Fixr\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/197869\/us-hotel-companies-by-number-of-properties-worldwide\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><span style=\"font-weight: 400;\">\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.rwgenting.com\/GettingHere\/?langtype=1033\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">RW Genting<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.forbes.com\/profile\/sheldon-adelson\/#123e72c4a224\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Forbes\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.rd.com\/advice\/travel\/worlds-best-hotel-chains-ranked\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Reader\u2019s Digest<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/edition.cnn.com\/travel\/article\/most-expensive-cities-business-travel-2019\/index.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CNN\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.travelperk.com\/blog\/business-travel-statistics\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TravelPerk<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.skyscanner.com\/tips-and-inspiration\/hotels\/hotel-vs-motel\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Skyscanner<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.bls.gov\/opub\/ted\/2019\/1-point-1-million-people-hired-in-the-leisure-and-hospitality-industry-in-june-2019.htm?view_full\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">US Bureau of Labor Statistics<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/impos.com.au\/blog\/hospitality-issues-2017\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Impos<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/320843\/average-weekly-hours-worked-in-restaurants-us\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.statista.com\/statistics\/207088\/travel-expenditures-in-the-us-since-2000\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Statista<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.creditdonkey.com\/hotel-industry-statistics.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CreditDonkey\u00a0<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.hotelnewsresource.com\/article108525.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">HotelNewsResource<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/str.com\/press-release\/str-us-hotel-performance-q3-2019\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">STR<\/span><\/a><\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]With tourism and traveling becoming a much more accessible luxury, it\u2019s absolutely crucial for hospitality businesses to stay on top of the trends. Staying informed about hospitality industry statistics will give you the necessary tools to meet your clients\u2019 needs in order for your business to rapidly grow. Once you know exactly what it takes [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[170],"tags":[],"_links":{"self":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2383"}],"collection":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/comments?post=2383"}],"version-history":[{"count":7,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2383\/revisions"}],"predecessor-version":[{"id":2817,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/posts\/2383\/revisions\/2817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media\/2384"}],"wp:attachment":[{"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/media?parent=2383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/categories?post=2383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/movity.com\/wp-json\/wp\/v2\/tags?post=2383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}