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Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 MarketForecasts Despite recent challenges, Australia’s hotel and resorts market is forecast to grow by 13.3% Overall performance so far this year looks promising.
Basically, revenge travel is the global phenomenon of people booking big trips to ‘take revenge’ against the pandemic. At the same time, brands can fortify their position within these optimistic marketforecasts by prioritizing flexibility. Shorter Booking Windows Events and meetings have always been a fast-paced segment.
He has also authored three reference books on hotel investing and has published more than 300 articles. He developed hotel market analysis & valuation software used by HVS and thousands of hotel consultants, owners and lenders throughout the world.
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