Deloitte Issues 2018 Travel & Hospitality Industry Outlook
Date: April 2018
Location: Global, with a healthy USA bias.
What: This reports covers Hospitality, Airlines, Restaurants, Ground Transportation and other subject headings such as Building bigger ecosystems: Unlocking the power of adjacent spaces (yes I thought that!)
Key Quotes: Global travel industry gross bookings reached $1.6 trillion in 2017, making it one of
the largest and fastest growing sectors in the world. Factoring in indirect economic
contributions, travel and tourism now accounts for a staggering 10.2 percent of
global GDP.
As Americans put in more hours at work and confront a growing array of food and delivery options, they are spending a growing share of their food budget on eating out—currently estimated at 44 cents per dollar.
While the spending shift should help the broader restaurant industry post moderate growth in 2018, brands aiming to grow market share will encounter their fair share of challenges. Seeking exit strategies from the failing dot-com era, banks and private equity firms began injecting billions into the restaurant industry during the early 2000s.
There are now more than 620,000 eating and drinking establishments across the United States, with restaurants currently growing at about twice the rate of the population.
Size: 20 page PDF
Cost: Free
THPT Comment: Well done authors Guy Langford, Vice-Chairman, US Travel, Hospitality & Leisure Leader and Adam Weissenberg, National Managing Audit Partner – Clients & Industries, Global Travel, Hospitality & Leisure Leader for a comprehensive report
Get a Copy: Deloitte website or via THPT