The Future of the Hotel Industry

Medawar, Antoine
July 2008
Hospitality Upgrade;Summer2008, p182
Trade Publication
The article presents an economic forecast of the hotel industry worldwide. Eventhough several sectors in the industry are detrimentally impacted by the credit crunch, experts believe that the future for the hotel industry is strong . It is foretold that opportunity abounds for the industry globally wherein the room capacity and room rates are holding steady and the rising. Demanding and educated customers' preferences and behaviors will keep hoteliers on their toes in the coming years while new technologies will enable the industry to improve their services offered to customers. It is foreseen that globalization from hotel companies and brands will continue to expand worldwide.


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