The Global Hotel, Resorts, and Cruise Industry is expected to grow from $603.44 billion in 2023 to $701.14 billion in 2024, with a 16.2% annual growth rate. Factors driving this include economic expansion, increased tourism, digital transformation, and rising luxury and experiential travel demand. By 2028, growth will be influenced by Millennials, Gen Z, sustainability, wellness, and personalized travel, with the Asia-Pacific region projected as the fastest-growing market.
Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com