Fact about Hospitality Industry that will Surprise You
The 5 point I will be talking about here is definitely going surprise you.
1. Worldwide Hospitality Industry Worth,
2. The Most expensive Hotel room in the world
3. Hotel of Ice Balea Lac in Romania
4. US Hotel Industry Revenue
5. World’s largest swimming pool
1. Worldwide Hospitality Industry Worth
Approx. $10 Trillion and more.
The global hospitality market grew from $4,390.59 billion in 2022 to $4,699.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%.
The hospitality market was forecast to grow to around 5.5 trillion U.S. dollars in 2024
And it is expected to reach about USD 6716.3 billion by 2028, as reported by Facts and Factors.
2. The Most expensive Hotel room in the world
The Lover’s Deep St. The submarine hotel is specially designed to provide sensational romantic experiences and it cost 292,000 USD (INR 2,17,34,450) per night! Crazy right! I could use that money to build a whole island in Lagos Nigeria
3. Hotel of Ice Balea Lac in Romania
This Ice Hotel is built every year What?
Yes it gets built every year and can be reached only by a cable car.
Ice Hotel in Romania has a Snow bar, A Church made of ice and an ice restaurant. If you know you’re allergic to ice, better stay in your house.
4. US Hotel Industry Revenue
Revenue: $239.7 billion. Gross operating profits: $101.3 billion. Earnings before interest, taxes, depreciation and amortization: $74.8 billion. Labor: $70.9 billion.
5. World’s largest swimming pool
This pool can hold 66 million gallons of water
It is located in Chile in San Alfonso del Mar Resort.
You are shocked right, likewise me I will never be poor in my life
There are more I could share with you but this 5 are the most shocking for me so I thought you should also be informed.
You can make more research to learn about the hospitality industry if you are interested.
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