As the calendar turns to 2016, here's a look at what next year could look like in hospitality.
- Global hotel industry revenue is predicted to reach $550 billion dollars in 2016.
- Europe and Asia Pacific are key regions with the highest hotel occupancy rates at over 68 percent, respectively.
- The Middle East and Africa are the most expensive regions for hotel rates with a $165.97 dollar daily room rate on average.
