hospitality industry outlook
March 4, 2018

Hospitality Industry Outlook 2018

Overall outlook for the hospitality industry for 2018 is looking positive with steady growth, mid-scale hotel brands recognizing that the guests wants innovation and technology and pricey lifestyle hotel feel without the price tag. Furthermore, occupancy has been hovering around 66 percent. 1 According to Deloitte’s 2018 Travel and Hospitality Industry Outlook, over the past 20 years, international arrivals into the United States grew 72 percent—from 55 million to 76 million.2 In combination with other key growth drivers, this influx of spending drove the total US market, comprised of six segments including airlines, lodging, car rental, cruise, rail, and travel packaging to hit a record $353 billion in 2017.3 Strong

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