Global Hotel Report

The global hotel industry set a new earnings record in 2011, surpassing its previous peak in 2008 by 2.2%.

Driven by the resurgence in business travel, the global hotel industry’s revenues grew 9% in 2011 over the previous year, yielding a total of $457 billion, according to research from Euromonitor International.

The London-based research company outlined the best performing countries in comparison to their 2010 sales. The top three markets to see year-over-year increases were:

• United States (+$7.4 billion);
• China (+$7.2 billion);
• France (+$2.6 billion).

I credit HotelNewsNow.com with digging up this information, which I’ve edited down for the Blog.

Dave Hogg

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