Over the years, the hospitalityindustry has grown to be very competitive. Given the pandemic, it has become even more essential for businesses to keep an eye on the latest trends and smartly bank on them. A blink away from their objective can prove to be damaging. According to the latest findings, it is reported that 54% of the industry’s revenues came from discounts and special deals in hotels in 2021. Additionally, the sector has experienced an increase in job satisfaction which has positively reflected in its annual growth.
Currently, hotels are earning over $15 profit per year, which is a sharp increase, as compared to previous years. In line with this, digital applications and technology have greatly shaped the hospitality division with over 60% of online reviews being published on TripAdvisor. Moreover, the internet has played a pivotal role in influencing over 1 billion restaurant visits. With so many different domains that represent the hospitalityindustry, this column will delve into how the hospitality and tourism industry can be come back soon after the pandemic.