Subscribe
Login
Hotels

What's in Store for the Hotel Sector in 2020: New Skift Research

Seth Borko photo
Wouter Geerts and Seth Borko

Photo Credit: Our latest Skift Research report forecasts slower but still positive growth for the hotel sector. Flickr / Jonathan Haeber

Skift Take

Hotel performance in 2020 could diverge from region to region as local uncertainty makes itself felt across markets from Hong Kong, the United Kingdom, the United States, and more. Our overall outlook is for slower but still positive growth.

In our latest report, Skift Research looks forward into 2020 and what the new year could hold for the global economy and the travel industry. Our overall stance is cautiously optimistic. Risk are present, and the global economy is slowing. But importantly, it is still growing. We still forecast another good year for international tourism flows in 2020, expecting about 40 million new trips in 2020, growing the total by 3 percent to 1.34 billion. Our overall advice is for travel leaders to be prepared but not to panic. Below is an excerpt from our Skift Research Report that shares our high-level views for the hotel sector. Get the full report here to stay ahead of this trend.

Preview and Purchase

Global Hotel Trends Given hotel performance is generally tied to GDP growth, the economic slowdown in 2019 had an effect on hotel performance as well. Skif

Get unlimited access with Skift Pro.

Subscribe now for complete access to Skift.com's trusted coverage of the travel industry.

Apple Pay, Google Pay, Paypal, VISA, Mastercard, Discover, American Express

Already a subscriber? Login