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  1. Hospitality industry: All your questions answered (2024 update)

    • Fully take advantage of technology and personalization to create experiences
      A generational shift towards how travelers are consuming hospitality services is making hotels evolve from being mere suppliers … See more

    A Brief History of Hospitality

    How has the Hospitality Industry evolved since its origins?
    Derived from the latin word “hospes”, meaning host (one who provides lodging or entertainm… See more

    EHL Insights
    How Fast Is The Hospitality Industry growing?

    Along with the overall economy, the global hospitality industry has enjoyed a spurt of massive growth over the last decade since the end of the financial crisis. According to the World … See more

    EHL Insights
    Hospitality Industry Overview: Key Statistics

    1. International arrivals have increased from 900 million to more than 1.3 billion over a span of just ten years.
    Not only has this boosted the number of rooms on o… See more

    EHL Insights
    Hospitality Industry Growth: What Trends Are Driving It?

    1. The global economy growth has created positive momentum in the sector by contributing to the overall income per capita. Since 2009, the global GDP has constantly i… See more

    EHL Insights
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  2. The hotel industry is important for various reasons1234:
    • Economic powerhouse: It significantly contributes to the world economy through accommodations, revenue generation, and employment.
    • Local economies and jobs: It supports local communities by providing jobs and boosting GDP.
    • Cultural exchange: It facilitates cultural exchange and preservation of local art and culture.
    • Foreign exchange and investments: It brings in foreign exchange and encourages infrastructure development.
    Learn more:
    In conclusion, the hotel industry is a global economic powerhouse, characterized by its vast size, diverse offerings, and profound impact on the world economy. Its role in providing accommodations, generating revenue, creating employment, and facilitating cultural exchange cannot be overstated.
    blog.stayexpress.com/understanding-the-hotel-indu…
    The hospitality industry is important for a wide range of reasons. It is responsible for a sizeable chunk of most countries’ GDP, and this percentage is growing with time. The hospitality industry supports local economies and jobs, and many communities would die if they were not supported by the money that comes in from this area.
    impoff.com/importance-of-hospitality-industry/

    How hospitality industry contribute- to the economy of a country?

      botshot.ai/resources/blog/importance-of-the-hospit…
      What is the importance and purpose of the hotel industry? Hospitality generates revenue for local economies directly when tourists spend money in hotels, restaurants and entertainment venues. It also helps economies indirectly because tourists purchase retail goods, pharmacy items and locally made souvenirs and crafts.
      sage-answer.com/what-is-the-importance-and-purp…
       
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