Forecast - Hotelzon

2018 hotel forecasts: increasing demand, limited supply growth

Despite security and safety concerns, a record-breaking number of tourists visited Europe in 2016. Similarly, corporate travel spend is ramping up; the Global Business Travel Association predicts global business travel spend to advance 5.8 percent on average over the next five years reaching $1.6 trillion in 2020. The increasing demand, along with limited supply growth, … Continue reading 2018 hotel forecasts: increasing demand, limited supply growth