Global Industry Overview: Hotels and Other Lodging Places
The hotel industry provides short-term lodging and related amenities to business and recreational travelers. Common formats include hotels, motels, and vacation resorts that integrate lodging with recreation. Many industry firms also host conferences and events.
Industry Snapshot
Fear of having empty wallets and purses can result in less reservations and empty rooms. That is the reality many hotel operators were experiencing by the summer of 2009. As a result, there was an abundance of hotel deals available in travel hot spots. Writing for The Baltimore Sunon August 9, 2009, Tom...