Hotels and Resorts
The global hotel industry significantly contributes to the economy, generating approximately $85.1 billion in taxes and supporting around 357 million jobs worldwide, which is about one in every ten jobs. In 2024, the sector contributed about $10.9 trillion to global GDP, representing 10 percent of the global economy. ULI has members and councils in many of the top hotel markets, including Las Vegas, Los Angeles, New York City, and many other cities.
Trends are neither destiny nor gospel. They are guideposts identified from the collective experience of many professionals within an industry. In the resort, recreation, and tourism industry, numerous trends identified through experience and expectations are emerging to influence how and where people will buy and use resort real estate. Society is changing fast, and the economic conditions of the past two years have created much uncertainly. But what is discernible is that current trends are focused on valuedriven buyers, downsized purchases for personal use, and scalability.
Ten renovation and retrofit projects make over structure to meet the needs of the contemporary hospitality industry and tap the place-specific power of older buildings.