Intriguing Hospitality Industry Statistics
Hospitality is changing the way people do business today. Combined with the power of the internet, more is happening remotely than ever before. People can book their own trips, find their own discounts, and even book their own reservations up to 6 months in advance without a hassle. Hospitality Industry in the Technology Age Hyatt Hotels engages over 60,000 people every day through their Twitter account. With online reviews being encouraged by major web browsers, including Google, the power has shifted from the hospitality industry to the customer in many ways. What was once a monopoly has become highly competitive and this has caused the industry to adapt, improve, and ultimately become cheaper for the average person. That, in turn, has caused this industry to grow when globally many sectors are contracting. Interesting Facts About Hospitality 1. 20% of companies in the travel industry utilize social media to initiate bookings. 2. 30% of people regularly use m...