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The Industry Today

The hospitality industry has been steadily recovering from the economic downturn due to the pandemic, and there has been consistent, steady growth since 2021. Travel and tourism continue to grow, bringing increased demand for accommodations. According to a report by IBISWorld, "Global Hotels & Resorts Trends," as of April 2023, there were more than 1.28 million global hotels and resorts that brought in $1 trillion in revenue.

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Structure - Outlook - Resources & Associations and more

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