Forbes estimates revenue generated by the sharing economy will surpass $3.5 billion this year, with growth exceeding 25%. But the hospitality industry is fighting back.
Faced with more and more competitive hotel market, hotelier should know how to make hotel distinctive to draw more guests.
The report from JLL shows that investors spent more capital on hotel market than last year, which also means foreign money was involved in NYC hotel investment.
The hostel and limited service hotel sector is becoming one of the most dynamic hospitality investment sectors and the forefront of the property market.
Fifth China Growing Hotel Chain Development Conference is held in Shijiazhuang City which is the capital of Hebei province.
Limited high-end hotel supply in Taiwan coupled with a positive tourist arrivals outlook provide opportunities for Taiwan"s hotel market to bloom.
RevPAR for U.S. hotels is projected to grow at a compound annual average rate of 7.2% for the next four years. This is more than double the historical long-run average.
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