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.