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Modest hospitality price rises predicted for 2020

Posted : 27 July 2019 02:30:32 | By TWO Bureau | two bureau

Modest hospitality price rises predicted for 2020

The Hotel Monitor 2020, published by American Express Global Business Travel, predicts that hotel prices in most key cities will experience only modest rises next year.

Joakim Johansson, vice president, global business consulting at GBT, said: “Despite signs that the global economy is facing challenges, the number of people travelling for business and leisure continues to grow. But, in most cities, a full hotel development pipeline means this sustained level of demand will not feed into big rate rises.”

Canada is more likely to see rates rise, thanks to a relatively strong economic performance and slowing capacity growth.

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Tags : Hotel Monitor 2020, Joakim Johansson, global business, Canada

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