The hospitality industry is a vast sector with many different categories that include recreation, lodging, entertainment, food and beverage. As a result, it is essential to collect all the relevant hospitality industry statistics to fine-tune your digital and social strategies to match the rapid changes currently impacting the sector. This is especially important for hospitality because it was one of the hardest-hit industries by COVID-19, and its challenges are still ongoing.
Now that things are almost back to normal, the hospitality industry not only has to deal with changing consumer preferences and expectations but also deal with vacant job positions. Despite being an exhilarating career path with many avenues which demand a diverse skill-set, the hospitality industry is currently finding it hard to fill open positions. This is partly due to the changing nature of jobs and employee expectations.
A good way of dealing with these challenges is to ensure you understand the latest hospitality statistics and leveraging them in order to create an effective and efficient strategy. But which hospitality statistics do you need and how do you get them?
In this article, EHL Insights have compiled a few hospitality statistics and data you need to know in 2022. You will be able to use them to drive innovation, delight customers and capture value.
Trends in the hospitality industry have always been in a state of flux because client demands are always shifting. But the pandemic completely derailed them. As things start going back to normal, the hospitality industry is once again growing worldwide. But several things have been permanently changed by the pandemic.
Understanding hospitality industry statistics allows you to properly equip yourself to handle your changed client needs for your business to grow rapidly in this new environment. They will help you know what you need to do to succeed and come up with strategies to take your business to the next level.
The general statistics below will give you an idea of the current state of the hospitality industry and generally show you its projected future.
Industries such as hospitality, which were affected by COVID-19 safety measures, are seeing some impressive growth rates now that the restrictions are being relaxed worldwide. The statistics below indicate just how impressive the current and future growth rates are.
Due to changes in consumer expectations, preferences and the rapid advancement of technology (among other factors), some areas in the hospitality industry are seeing a bigger growth rate than others. The statistics below shed light on these areas.
Similar to the different growth rates in different areas in the same hospitality industry, not all players in the industry saw the same changes or are seeing the same growth rate. This is due to size, services, products and way of doing business. The statistics below highlight these differences.
It goes without saying that as travel died down during the pandemic, so did jobs in the hospitality industry. How are they now that travel restrictions are being removed? When should we expect a full recovery? The statistics answer these questions best.
2021 set the travel industry on the road to recovery following the pandemic slump. As of now, despite several changes, the travel and tourism industry shows lots of promise and continues to grow.
To better understand the current changes and future of travel and tourism, we have compiled the statistics below.
The general travel and tourism statistics below show the current and future state of the travel and tourism sector as a whole.
The growth of the travel and tourism sector has been influenced by several factors including ease of access to information, an increase in the amount of paid leave, and rapid urbanization among others. Despite the pandemic slump, the industry is now doing well and is projected to do even better over the next few years, as indicated by the following statistics.
The pandemic reduced the desire to travel to foreign lands and raised the interest in domestic travel and tourism, among other changes. The statistics below help to better understand the “new traveler”.
The widespread adoption of the internet as a source of information, the ease of mobility and increased awareness of new destinations have brought significant changes to how consumers travel. The statistics below show how much travel has changed and what to expect.
As it was with all other sectors and industries, the travel and tourism sector saw a rise in unemployment during and immediately after the pandemic. At the moment, although some changes are irreversible, things are looking up, as the following statistics indicate.
Different population segments play different roles in the travel and tourism industry. To fine-tune your social and digital strategies, you have to know what role each population group plays in the travel and tourism industry. Here are a few stats that show where you should focus your strategies.
The hospitality industry and all its sectors have irreversibly changed. Apart from the changing consumer preferences and expectations, vacant positions are harder to fill compared to before the pandemic. The only businesses in the hospitality industry that win in this changing world are those that adapt. The above statistics should set you up on a path to success based on data.
Found the statistics insightful? If this has been helpful you can check out our other hospitality resources and learn how to delight your customers and drive value. Or if you’re interested in upskilling yourself or your team, have a look at what EHL has to offer.
EHL Group is the global reference in education, innovation and consulting for the hospitality and service sector.
With expertise dating back to 1893, EHL Group now offers a wide range of leading educational programs from apprenticeships to master’s degrees, as well as professional and executive education, on three campuses in Switzerland and Singapore. EHL Group also offers consulting and certification services to companies and learning centers around the world. True to its values and committed to building a sustainable world, EHL Group’s purpose is to provide education, services and working environments that are people-centered and open to the world. www.ehlgroup.com
EHL Hospitality Business School
Communications Department
+41 21 785 1354
EHL
View source
Hospitality Net membership explained
