Investors look to traditional favourites Hong Kong, Australia and Japan, with uplift in cross-border investment activity
2018 will see a strong showing in corporate meeting spending. 37 percent of survey respondents said they will plan more meetings for 2018, up from 30 percent in 2017, and nearly 45 percent of survey respondents say they have more money to spend in 2018. In addition to a higher demand, the new year will see an increase in costs and a shift in where meetings are planned.
According to STR's 2016 HOST data, 15 counties in the U.S. comprise approximately 36% of all hotel property tax expense.
Total food-and-beverage revenue per occupied room rose 1.6% to $105.56 in 2017, though in-room dining decreased 3% from 2016.