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Check These Statistics From The Hospitality Sector Before 2023 | Clipboard Hospitality Pty Ltd
by Clipboard Hospo Hospitality Jobs PlatformThe hospitality sector is an incredibly important part of the global economy. With the world’s population increasing and tourists flocking to cities and resorts, the Clipboard Hospitality industry is growing rapidly. To get an idea of how the hospitality industry will look in the future, it’s important to take a look at the current statistics.
According to research from the World Travel and Tourism Council (WTTC), the global hospitality sector will reach $8.5 trillion by 2023. This is an increase of 4.7% from the year before. Additionally, the WTTC predicts that the hospitality sector will create up to 235 million jobs by 2023, which is a growth of 3.9%.
The hospitality sector is also becoming increasingly digital. Research suggests that by 2023, digital technology will be used to facilitate more than 20% of hospitality transactions. This means that businesses in the hospitality industry need to begin investing in digital technology if they want to remain competitive.
When it comes to travel, the hospitality sector is expected to benefit from a boom in international travelers. By 2023, the number of international travelers is expected to increase by 3.6% each year. This will result in increased demand for global hospitality network such as hotels, restaurants.
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Created on Dec 6th 2022 03:43. Viewed 169 times.
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