STATS

The global luxury hotel market is expected to reach  by the end of 2025, a significant growth from its 2017 size of according to Wiseguy Reports’ Global Luxury Hotel Market Size, Status and Forecast 2025.

According to a new report from Humley,

80% of people would use a travel chatbot that could reliably function as a travel chatbot

About 70% of people are more likely to search online to know where to go in a new place instead of asking friends

87% of people would use a travel chatbot if it could save them time and money

Travel spending is forecasted to advance another 7.1% in 2018 and will expand to $1.7 trillion by 2022, according to the GBTA BTI Outlook–Annual Global Report & Forecast.

Following the 2017 record of $2.7 billion, total fees and surcharges collected by U.S. hotels are forecast to increase to another record level of $2.93 billion in 2018, according to a trend analysis report from by Dr. Bjorn Hanson.

The increase for 2018 reflects a combination of approximately 2.5% more occupied hotel rooms than in 2017, and more fee and surcharge categories and higher amounts, for a total increase of 8.5%. Some of the most important changes for this year include higher amounts for reservation cancellation fees, and the emergence of urban hotels charging the equivalent of resort fees, but lower

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