Global hotel trend predictions for 2016

Michelle Mangan - Killarney Hotels

As a result of the increase in overall hotel revenues globally, hotel occupancy rates continue to grow. Europe and the Asia Pacific regions hold the highest hotel occupancy rates at a little over 68% respectively, with Europe leading by a fraction. The most expensive room rate per region is led by the Middle East and Africa region which offers an average daily room rate of a little over $165 dollars.

In the USA, business travel is becoming more expensive. The region is predicted to see the largest hike in room rate prices in a decade this year. Rates are forecast to rise from 6.5% to 7.5%. Visitors to hotels are changing too as the next few years will see the mass retirement of the Baby Boomer generation leading to the rise of the new dominant global consumer group, the Millennials.