Global hotel trends for 2016

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.

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