What People Need To Know About The Hospitality Industry

The global hospitality industry is a huge, billion-dollar industry. And with hundreds of millions of people traveling the world, hotels and other hospitality establishments will always be in demand. Here are just a few of the mind-blowing statistics regarding hotels in the world: 

There are over 700,000 hotels and resorts all over the world, with a combined total of around 15.5 million rooms. 

Image source: texasstation.sclv.com

In the United States alone, there are over 52,800 hotels, motels, and lodging properties for people to stay the night in, and almost 5 million rooms. Of the 5 million rooms, over 3 million are always occupied. 

On an average, one night in a hotel in the United States will cost travelers around $120-$125. Generally, the daily cost of a hotel room in the US is $5 to $15 higher than rooms around the world, except for hotel rooms in Africa and the Middle East. 

Image source: pursuitlist.com

The most expensive hotel rooms in the world can be found in Geneva, Switzerland. Rooms are around $300 to $310 a night. 

The Ritz Carlton Central Park and the Mandarin Oriental in New York City have the most expensive rooms in the United States. The lowest rates in these hotels are around a thousand dollars. 

The total revenue a year for the hospitality industry in the United States is over $160 billion. 

Alan Naul is the founder of Javelin Group, a company that is currently working with Hilton Hotels in building a hotel called Canopy by Hilton in Dallas. For more on the hospitality industry, visit this blog.

Beefing Up Luxury In Mixed-Use Hospitality Developments

Image source: canopybyhilton.com

In building mixed-used developments (properties built for multiple functions, such as residential, commercial, and entertainment), it is critical that developers establish good working relationships with investors, designers, lenders, and professional service providers. While function should be the top priority, design is just as important. Collaboration among the involved parties is key to achieving objectives.

Canopy by Hilton, Hilton Worldwide’s new lifestyle brand, and The Javelin Group, are currently developing Canopy Dallas | Uptown. With focus on vibrant, culturally rich neighborhoods in select cities across the country, this project aims to beef up luxury and functionality in mixed-used buildings. In Dallas, the project is being built at the intersection of Cityplace West and Oak Grove in Uptown Dallas. It aims to accentuate the importance Cityplace as a hospitality hotspot. The building will open in fall 2017 and will feature a restaurant and a rooftop bar, serving local, healthful cuisine with evening wine and beer tastings.

Image source: thejavelingroup.com

Uptown Dallas is an eclectic mixture of many modern developments, currently hosting a number of restaurants, galleries, antique shops, and boutiques, as well as a complimentary trolley line to the Arts District. There, guests can explore popular neighborhood attractions such as Rye 51, an upscale-rustic menswear store with a whiskey bar; The Magnolia Theatre; The Museum of Geometric and MADI Art; and, The Rustic, a popular night spot featuring local cuisine and live music acts.

Alan Naul leads The Javelin Group, the Cityplace Co., and Forest City Realty Trust Inc., the developers behind the highly innovative ‘Canopy by Hilton,’ a real estate project that targets vibrant, culturally rich neighborhoods in select cities across the nation. Read more about it on this website.