Deloitte’s 2018 travel and hospitality industry outlook While strong post-recession gains appear to be cooling off, the hotel sector is projected to sustain strong 5–6 percent growth throughout 2018, setting up the industry to hit a record-breaking $170 billion in gross bookings. Source: Hotel Marketing Deloitte’s 2018 travel and hospitality industry outlook
Chinese tourists to Europe growing The number of Chinese tourists to Europe surged by 65 percent in the first half of 2017 and is expected to keep surging in 2018, which marks the China-EU Tourism Year. Source: Hotel Marketing Chinese tourists to Europe growing
Chinese travelers prefer higher-rated hotels and last minute bookings There is a growing demand by Chinese consumers for four- or five-star hotels accompanied by shorter reservation time, according to findings in the 2017 Ctrip hotel white paper. Source: Hotel Marketing Chinese travelers prefer higher-rated hotels and last minute bookings
U.S. hotel revenue rose 3% in 2017 U.S. hotel revenue per available room rose 3% last year, slightly lower than the 3.2% growth in 2016, according to hotel data firm STR. Source: Hotel Marketing U.S. hotel revenue rose 3% in 2017