Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 AHLA ) In 2022, the global travel and tourism revenue will reach over $600 million. Statista ) In 2021, a2,246 hotels opened worldwide, with a forecast increase of 2,805 hotel openings in 2022. billion in 2021. ( Statista ). Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

SiteMinder

DECEMBER 4, 2023

This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Hotels and tourism typically make up 10% of worldwide GDP. Hotel occupancy will increase 2.5%

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59