Key trends affecting the hospitality sector
Dive in to the key sector indicators and values as well as detailed trends in the full
Development in hotel markets across the U.S. continues to move at full speed, driving demand for resources and affecting every aspect of the sector. To combat shortages and keep project timelines moving, developers have turned to innovative solutions like modular construction and unique partnerships to guarantee success.
When it comes to shipping and trade, today it’s easier than ever to go global – and that’s exactly what leading brands are doing. The hotel industry is benefiting from globalized supply chains to the tune of cheaper case goods and easier access to customized design from foreign manufacturers.
The hotel sector has been steadily growing the last several years. During this time, land prices have grown, competition has become stronger and barriers to entry have risen. Innovative hotels have adapted by adding new brand options to their product lineups with the introduction of ‘soft brands’. These additions have lighter design standards allowing flexibility for developers to better fit the geography and circumstances at hand.
Managing Director, Hotel Project and Development Services