Hotels have played a vital role in travel for centuries. They provide travelers with all of the services and amenities they need to stay comfortable.
Hotel industry growth has been significant over the last decade. According to the Bureau of Labor Statistics, hotels increased by nearly $17 billion in 2018.
The hotel industry represents only a small portion of the travel industry. The increase has largely been due to pent up demand. During the high tourist season, hotel prices rise. Those who book in advance can usually secure a better rate.
Hotels are also a good option for those traveling with friends or families. They offer a lot of amenities and are often located close to attractions, avoiding the hassle of parking and driving.
Many hotels offer reward points. These can be redeemed for discounts on future stays. Some hotels even offer flexible cancellation policies. Depending on the location, cancellation policies may vary.
The hotel industry has become a major battleground for domestic politics. After World War II, the hotel industry grew at a record pace. This helped to fuel commercial travel to new heights.
The rise of the automobile and the development of the interstate highway system led to an increased amount of travel in America. Hotels grew in national prominence and became key links between destinations.
Today, tourism has become a major player in international business in several regions. In fact, the United Nations World Tourism Organization recorded 1.5 billion international tourist arrivals in 2019, a number that will decrease to 1 billion by 2020.