In the dynamic landscape of the hospitality industry, the pursuit of excellence and innovation is not merely a goal, but an imperative.
The changing landscape of hotel supply and demand: challenges and opportunities
Hotel supply grew a meager 0.5% in 2022 and is forecasted to grow just 1% on average for the next three years, according to a CBRE June report. Meanwhile, demand is expected to exceed supply with some projections showing demand increased as high as 2%.
