Hotel Industry Forecast Shows Optimism for 2024 and Beyond
Calabasas, California– March 1, 2024- The latest forecasts for the hotel industry, according to a new report by Smith Travel Research (STR), a leading hospitality analytics firm, are positive, with experts citing several factors that point towards a strong travel economy in the coming years, especially in the vacation space. Key indicators include: “We are optimistic about the future of the vacation industry,” said Jak Severson, CEO of The Experience Resorts, which specializes in event-driven all-inclusive resorts. “The factors outlined in this report indicate a strong demand for travel. The trends have been strongly up for more than two years coming out of COVID and rate increases throughout the Caribbean are increasing at a pace not seen in decades.” The
