Hotels & Hospitality Industry Update Q3, 2014
Hospitality is a dynamic and fast-paced industry with opportunities and career progression. Within hospitality, you could work in accommodation, meals and drinks services such as hotels, resorts, restaurants, coffee shops, pubs, bars, clubs and casinos. Jobs in hospitality are expected to hit record highs of more than 337 million by 2023.
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Europe and North America together dominate the global hospitality sector; the top 5 destinations in the world are United States, Germany, Japan, France, and Austria. By 2025, there will be about 2 billion new middle-class consumers. United States Labor Statistics, jobs in the hospitality industry generates more than 2 million new jobs in the U.S. European hotels have reported the strongest occupancy increases and Istanbul experienced the largest occupancy decrease in the world.
Construction boom in Dubai, UAE and Saudi Arabia is paralleled only by the growth in tourism, hotels and hospitality. Dubai alone looks to host 20 million visitors by 2020 and turn into an international hub. Hospitality in Africa is built on business travel. Much of the trade comes from domestic business. International hotel groups are eyeing Africa for its development potential.
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