Explain the growth of hotel industry worldwide
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Growth and performance in the worldwide hotel industry is highly correlated to the health of the economy. ... According to the World Travel & Tourism Council, in 2014 tourism and travel accounted for 9.6 percent of world GDP. By 2024, it is forecasted that this figure will rise to 10.3 percent.
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Growth and performance in the worldwide hotel industry is highly correlated to the health of the economy. ... According to the World Travel & Tourism Council, in 2014 tourism and travel accounted for 9.6 percent of world GDP. By 2024, it is forecasted that this figure will rise to 10.3 percent.
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