3 Trends That are Shaping the Hospitality Industry

3 Trends That are Shaping the Hospitality Industry

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After a difficult few years, things are beginning to look up for the hospitality industry. Travel bans are lifting. More than 30 million Covid vaccines are administered worldwide each day. Airlines are getting busier by the day.

And while there are several reasons to be optimistic, here are a few that will be defining trends for the industry’s future:

Pent-up demand

After almost two years at home, many consumers are eager to get away. Because of high levels of personal savings and credit and loyalty program points, they are willing to splurge. 

According to a survey from American Express, 57% of travelers are willing to spend more on a “once-in-a-lifetime” vacation than they were before the pandemic. In addition, nearly half are more likely now to book lodgings that offer luxury experiences and amenities.

Hotels and resorts — many of which closed in…

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