| According to surveys carried out by Phocuswright in relation to travel, taking hotels into account, global revenue from hotel rooms by itself adds to a figure of US$ 520 billion. However, home and apartment rentals should also be included in the equation, given that they have now become popular and have undoubtedly helped to redefine the industry. Alternative accommodations represent another US$ 77 billion, with this figure being a conservative one. The combination of the two makes hospitality the largest travel segment in the world – and for the first time ever, worth more than air travel.
Check out the three main trends that are shaping the sector’s business. |
