The probability of the hotel industry being in recession has been in a range between 40% to 46% in the last seven months indicating that the industry is in a major slowdown near the borders of the recession.
Europe hotel industry passes U.S. in growth for the first time since 2010
In U.S. dollar constant currency, Europe’s year-end 2015 RevPAR growth reached +6.9%, while growth in the U.S. hit +6.3%.
2016 outlook for the global hotel industry is Stable
2016 outlook for the global hotel industry as Fitch expects global RevPAR growth will modestly decelerate to a healthy 3% to 5%.
Hotel industry house profit reaches all-time high in 2014
Hotel industry revenue levels topped an estimated US$176 billion in 2014, which is nearly US$14 billion more than 2013, according to STR Analytics’ 2015 Hotel Operating Statistics (HOST) Almanac.
