Resultado de búsqueda
16 de may. de 2024 · Worldwide. The hotel industry is a subdivision of the hospitality industry that specializes in providing customers with accommodation services. There are a variety of hotel...
- InterContinental Hotels Group
This report presents a range of statistics and facts on the...
- Hospitality Industry in Canada
Impact on the hotel industry's key performance indicators in...
- Rooms in The Pipeline 2022
As of the fourth quarter of 2022, the hotel brand with the...
- InterContinental Hotels Group
What is the hotel industry? We explain the difference between the hotel and the hospitality industry and different types of accommodations.
24 de oct. de 2023 · Hotel Industry: Everything You Need to Know About Hospitality. Jordan Hollander in Operations. Last updated October 24, 2023. The hospitality industry spans across service industry sectors such as restaurants, hotels and the broader tourism industry (e.g. cruise ships).
Welcome to the hospitality industry’s next normal. The view to 2030 and beyond. Hospitality that benefits people and the planet. How will hotel companies improve the guest experience, create a happier workforce, and help fight climate change?
- A Brief History of Hospitality
- How Fast Is The Hospitality Industry growing?
- Hospitality Industry Overview: Key Statistics
- Hospitality Industry Growth: What Trends Are Driving It?
- What Major Challenges Is The Hospitality Industry facing?
- Travel Andhospitality Industry: Top Trends
- What Leaders Can Do to Ensure Hospitality Businesses Remain Competitive
- The Hospitality Management Careers of Tomorrow
How has the Hospitality Industry evolved since its origins?
Derived from the latin word “hospes”, meaning host (one who provides lodging or entertainment for a guest or visitor), hospitality has its roots in ancient history. The ancient Greeks used the word "xenia" to define the sacred rule of hospitality: the generosity and courtesy shown to those who are far from home or associates of the person bestowing guest-friendship. Away from home, surrounded by strangers and yet feeling welcome. Although the original concept of hospitality has remained large...
Along with the overall economy, the global hospitality industry has enjoyed a spurt of massive growth over the last decade since the end of the financial crisis. According to the World Bank, the global economy has grown at a pace of more than three percent per year up until the global pandemic hit in 2019/20. Due to pent up demand during the beginn...
1. International arrivals have increased from 900 million to more than 1.3 billion over a span of just ten years.
Not only has this boosted the number of rooms on offer, but has also led to a major contribution of global employment opportunities. Covid-19 had a severe impact and international tourist arrivals according to figures from UNTWO, which after years of steady annual growth saw a staggering -73% drop in arrivals in 2020 and -71% in 2021 due to travel restrictions in response to Covid-19. All in all 2020 is recognized as the worst year in tourism history with 1 billion fewer international arrival...
2. The World Travel and Tourism Council (WTTC) names the hospitality industry’s importance as a main driver in global value creation.
Recent figures published by the WTTCfound that in 2022 the Travel & Tourism sector made a contribution of 7.trillion USD to the global economy, 7.6% of the global GDP and 23% below pre-pandemic levels.
3. The hospitality and travel industry accounts for one out of every ten employment opportunities.
Bringing the number of people earning their living in the sector to a remarkable 330 million in 2022. In 2022, there were 22 million new jobs, representing a 7.9% increase on 2021, and only 11.4% below 2019. The rise in revenue does not only benefit international companies and hotel owners, but also acts as a major factor in job creation for local populations and destinations. As of the latest data, around 173 million people were employed in the hotel and motel industrybefore the Covid-19 pan...
1. The global economy growth has created positive momentum in the sector by contributing to the overall income per capita. Since 2009, the global GDP has constantly increased at an average pace of almost two percent per annum, leading to a growing demand for both international and domestic travel spending. Whilst the Covid-19 pandemic led to a shoc...
1. The threat of climate change
The threat of climate changewill adversely impact many major tourist destinations. Threats resulting from climate change, safety and security issues, as well as unprecedented migration streams are tomorrow’s game changers. The main challenges for the hospitality industry are the lack of predictability and the magnitude of such events – and how fast the industry can react and adapt. Hybrid operations might be one of the hospitality 4ndustry’s possible responses to increased risks.
2. Industry consolidation
Corporate consolidation has led to increasing concentration of size and power among the top players. Hotel operators will seek to expand their portfolios through targeted acquisitions of smaller regional chains. While the ultimate goal is to create value through cross-organizational synergies, this development also comes with downsides, as the management of structures with a diverse selection of geographies and a plethora of brands generates more complexity and threatens to increase overall r...
3. New competition from tech and digital players
Are major technology firms such as Google or Facebook threatening to replace hotel brands by offering technological solutions and creating novel markets to attract new types of customers? Thanks to their control over all types of data related to customer behavior both off- and online, tech behemoths could oust traditional incumbents into niche markets. Companies that fail to identify their niche are at risk of becoming mere revenue generators for technology companies. Some big enough brands m...
Travelers' expectations have greatly evolved especially now that technology is taking center stage in every area of guest experience. As 2024 progresses, hospitality professionals are gearing up to leverage various innovations and strategies that promise to reshape customer satisfaction and industry standards. Here are hospitality trends 2024 eleva...
Fully take advantage of technology and personalization to create experiences
A generational shift towards how travelers are consuming hospitality services is making hotels evolve from being mere suppliers of accommodation to experience providers, leading to a need for outstanding customer relationships across all stages of their customer booking journeys.
Focus on talent acquisition and retention
From targeted recruitment efforts to a meaningful interview process and to the actual hiring and onboarding, organizations that are well-equipped to recruit in the era of millennials think holistically about the overall experience delivered to potential hires.
Embrace sustainability as part of your business model
As a result,a growing number of international hotel companies have developed sustainability and corporate social responsibility strategies. These initiatives can be perceived as the beginning of a paradigm shift toward a more positive and conscious form of hospitality which is highly valued among consumers today.
Reshaping the future of hospitality jobs
Over the past two decades, the hospitality industry has experienced significant growth, withinternational arrivals doubling from 600 million to over 1.4 billion in 2016. In 2023 however, in the wake of the global pandemic and facing increasing economic uncertainty hospitality has shown that it is resilient and a sector that consumers are just not willing forego entirely. Travel and tourism is an integral part of our lives therefore even as the global economy retracts the industry will always...
1 de nov. de 2023 · The hospitality industry experienced a remarkable growth from $4,390.59 billion in 2022 to $4,699.57 billion in 2023, achieving a compound annual growth rate (CAGR) of 7.0%. This significant expansion is a testament to the industry's resilience and ability to bounce back from the challenges posed over recent years.
28 de jun. de 2023 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation.
