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US and Caribbean Hotel Market 2018-2021. Growth Analysis by Country, Type, and Status

The  luxury hotels industry  is my passion and one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on  changing consumer preferences, new technologies impact and energy saving strategies. The global Luxury Hotel market is valued at 171100 million USD in 2018 and is expected to reach 216.000 million USD by the end of 2023, growing at a CAGR of 4.0% between 2018 and 2023. THE AMERICAS: HOTEL PROJECT PIPELINE BY COUNTRY United States  is the main market with  1069  hotel openings still in force, as a recent report by TopHotelProject states. And it is followed by  Mexico (86) ,  Brazil (47)  and  Canada (43) .   USA - 1069 hotel openings | 6. CUBA - 23 hotel open...

U.S. hotel supply expected to grow 2.5 percent in 2018

Hotel supply in the United States is expected to grow 2.5 percent in 2018, according to Lodging Econometrics. That means 1,146 hotels with 130,877 rooms will open in the U.S. this year. Of those expected to open, 511 hotels with 50,105 rooms will be upper-midscale, the highest count of any chain scale and 45 percent of all new openings, according to a news release from LE. In 2019, the census is expected to grow another 2.5 percent with the opening of 1,215 hotels with 137,105 rooms. That’s about 6 percent more projects than are anticipated to open in 2018. In 2019, New York will again be the top market for new hotel openings with 47 hotels and 7,239 rooms.

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