While the current pandemic may have caused a huge setback for the industry, it is poised to recover and maintain its growth trajectory in the coming years. Driven by rising consumers’ purchasing power, a robust global economy, and digital innovation, the industry has experienced a historic burst. There is no doubt the hospitality industry has enjoyed unprecedented growth over the years.
We’ve even noted down a few online booking software that can potentially help you improve your operations. The idea is to help you use analytics in hospitality to fundamentally drive innovation, delight customers, and capture value. Global and local lockdowns, travel restrictions, and quarantine protocols have added new challenges for business owners, executives, marketers, and customers alike.įortunately, in this article, we’ve compiled all the hospitality statistics and data you need. It is also no secret that the hospitality and travel industries were among the worst hit by the COVID-19 pandemic. Even worse: hoteliers and destination marketers are swamped by day-to-day tasks. Without the numbers, it’s becoming increasingly difficult for industry players to fine-tune social and digital strategies. As a result, it’s certainly impossible to collect all the hospitality statistics they need to stay abreast of the latest trends. Besides, every sector-from accommodation and recreation to travel and entertainment-is constantly changing. The hospitality industry is big and diverse.
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