1. HOSPITALITY giants travling forward.
- Subjects
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HOSPITALITY , *ARCHITECTURAL design , *CONDOMINIUMS , *PROFESSIONAL fees , *INTERIOR architecture , *FOREIGN exchange , *TIMESHARE (Real estate) , *TECHNICAL textiles - Abstract
This document provides a comprehensive overview of the recovery and prospects of the hospitality industry in 2023 and 2024. While the industry has made significant progress in recovering from the pandemic, the hospitality sector is still facing challenges in surpassing pre-pandemic fees, with a 44% decrease compared to 2019. However, there has been a 12% increase in fee income in 2023, and industry leaders are predicting a 5% increase for 2024. Luxury hotels have experienced the highest growth, followed by restaurants, resorts, and boutique hotels. The document also includes rankings of the top hospitality design firms, showcasing their financial data, project information, and design approaches. It provides insights from industry professionals on current practice issues, such as economic uncertainty, tight deadlines, and struggles with domestic production and financing. The document concludes with a list of the most admired firms in the hospitality sector. [Extracted from the article]
- Published
- 2024