The Global Hotels and Resorts industry experienced strong growth over the five years to 2015. Over the period, both consumers and businesses became more confident about their finances and spent freely luxuries, including travel. This culminated in a substantial increase in travel rates and hotel room and occupancy rates, two indicators of a hotel's performance. Travel spending has also picked up quickly, especially in emerging economies where tourism is on the rise. Global tourist arrivals are expected to increase 4.8% per year on average over the five years to 2015 to 1.2 billion.
Operators in this industry include hotel and resort accommodations with private or shared facilities, and with or without meal services and restaurants attached. This includes both chain and franchised operators. However, it excludes all other forms of accommodation such as motels, caravan parks and camping grounds, youth and backpacker hotels, and bed and breakfast establishments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.