Hospitality Real Estate Sector in USA - Industry Analysis, Growth, Share, Size, Trends, and Forecast The market size of hospitality real estate sector in USA is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing travel interests among the people.
USA clenches vast number of visitors from all across the globe. The popular cities in the United States attains high visitors rate, and the developed nation procures increasing number of business meetings and gatherings couples with a high rate of travelers. Moreover, the holiday season allure enormous visitors around the world. The USA has a expanding number of visitors coming from all around the world Approximately 76.9 million people visited the United States in 2017. The largest number of travelers comes from Ireland, Brazil, Argentina and South Korea. International spending also increased in 2017 coupled with the total number of visitors. The social media influencers and social networking sites are spreading awareness about the location by reviewing or visiting thus supplementing interest in travel among the youth, especially to the top destinations and most popular sites which is also creating great interest to visit that particular location. Online research and bookings, and platforms like Airbnb and other home-sharing platforms are gaining greater significance with the comforts they share like budget stay, etc. Travel has also become more affordable the US domestic airfares fell around 44 % (inflation-adjusted terms) from 1980 to 2016. In order to lodge or accommodate the rising number of visitors, the investors are grasping the locations which consist of bigger and numerous stays. Several multinational companies are opting United States for their business seminars and consulting bodies for their business trips. The investors are investing more on those cities with high number of business trips than leisure as they attain lucrative opportunity