The Hotel Industry: Overview Of The Hotel Industry

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Overview of Hotel industry

Hotel industry is a branch of industry that provides all kinds of hotel and business services related to the provision of accommodation, food and beverages and also in a variety of other services. As we know the main purpose of it is to provide accommodation to travellers who offers the basic things usually commercial granted in the household, it also has many other functions such as provide services that serve as business exchange centres, sociability whether casino or a social gathering, they also become places of public assembly and debate, in addition to being a place to stay permanently. (Dictionary of American History, 2003)

A short history about hotel industry

In short, as described by Jacques Levy-Bonvin …show more content…

The company that contributed most to this figure is the British hotel chain InterContinental Hotels Group where in 2013, the result obtained was of $ 21.6 billion in over 4,600 hotels worldwide, include Hilton Worldwide and Marriott International with where each hotel has a 3992 and 3672 worldwide.
The measures necessary for the performance of the hotel industry is the average daily rate (ADR), revenue per available room (RevPAR), and hotel occupancy rates. To achieve this performance the most appropriate indicators, benchmarks must be analysed together. As stated in the report, in April 2014, the highest occupancy rate is the in the Asia Pacific region, which grew at 68.8 percent, and in the same time both ADR and RevPAR was highest in the Middle East and Africa. (Statista.com, 2015)
Although in recent months the United States in 2013 has the world's lowest occupancy rate of only 50.5 percent at present, the hotel industry in the United States continue to generate the high rates of as much as $ 163 billion recorded in the results during the year. In 2014, the ADR in the US is forecast to reach about $ 115, the average daily rate of most expensive cities in the United States of Honolulu, Hawaii, and followed by New York. (Statista.com,

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