Azqira’s Post

View organization page for Azqira

2,951 followers

JLL’s Hotels & Hospitality Group has released Global Hotel Investment Outlook 2024 which reveals that global hotel investment is set to skyrocket this year, exceeding the previous year by 15% to 25%! 📈 Here is why: consumers continue to prioritise spending on travel. That's not all! 🔥 In 2023, the hotel industry demonstrated remarkable resilience, with RevPAR (revenue per available room) reaching 94% to 121% of 2019 levels across regions! Plus, a wave of fresh investors entered the industry, with first-time hotel buyers comprising a record-breaking 19% of the market! And some juicy facts on top 🧁! 🗽Urban hotels in London, New York, and Tokyo are expected to attract significant investor interest in the coming year. 🏖Europe remains a favoured destination in 2024, with events like the Summer Olympics and Taylor Swift's tour driving visitor interest. 🧳Travelers will prioritize experiences that align with their personal values. 🌄Effective communication of brand promises becomes crucial as travelers seek brands that resonate with their values. 📰For the full scoop, check out the article: https://lnkd.in/ddxuRVNR

  • text, chat or text message

To view or add a comment, sign in

Explore topics