Trends in the International Hospitality Industry

[Pages:56]Trends in the International Hospitality Industry

Steve Rushmore, MAI, FRICS

President and Founder HVS srushmore@

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Worldwide ? Annual Percent Change in Value Per Room: 2001 to 2014

60% 50% 40% 30% 20% 10%

0% -10% -20% -30% -40%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

India United States Asia Europe

Source: HVS

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Real GDP Growth Forecast

by Region

*

* Central & South America

Source: Consensus Economics

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Recent Global Hotel Events

The Bad News

? Recession ? Declining hotel demand ? Falling occupancies ? Declining room rates ? Loss of RevPAR ? Erosion of hotel values ? Mortgage defaults ? Lack of new financing

The Good News

? Minimal new hotel supply ? Recovery will be rapid and

strong ? Huge buying opportunity

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Global Supply & Demand

Source: STR Global

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International Arrivals

by Country of Destination (million)

80 70 60 50 40 30 20 10

0 2005

2006

Source: WTO

2007

2008

2009

France United States Spain China Italy United Kingdom Turkey Germany Malaysia Brazil

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International Tourist Receipts

(US$ billion)

120

100 80 60 40 20 0 2005

2006

2007

2008

2009

United States Spain France Italy China Germany United Kingdom Australia Turkey Brazil

Source: WTO

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International Tourism Expenditure

(US$ billion)

100

90

Germany 80

United States 70

United Kingdom

60 China

50

France

40

Italy

30

Japan

20

Canada

10

Russian Federation

0 2000

2005

2006

2007

2008

2009

Source: WTO

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