ernst & young

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ernst & young

Global Hospitality Trends Point to Widespread Growth, Cross-Border M&A and New Concepts in 2015

EY | January 27, 2015

-- The travel and tourism industry contributes 9.5% of gross domestic product (GDP) globally -- An increase in global capital will lead to new and innovative property developments -- "Less is more" for growing bands of millennial and millennial-minded travelers NEW YORK, Jan. 27, 2015 -- The global hospitality sector – riding a broad wave of growth, innovation and demand – is in a strong position to make further gains during 2015 as fresh capital from new locales increases the number of industry participants and creates an attractive atmosphere for acquisitions, according to EY's Global hospitality insights: Top thoughts for 2015. ...

Opportunity Knocks as Real Estate and Hospitality Execs Sense More Stable Foundation For Deal Making

EY | August 1, 2013

EY's global survey shows vast majority of senior real estate, hospitality and construction executives see global economy on the upswing, positioning industry for growth NEW YORK, 1 AUGUST 2013 - Real estate executives are far more confident about the global economy than they were just six months ago, according to EY's Global Capital Confidence Barometer for Real Estate, Hospitality and Construction. The report, which surveyed 117 senior executives from real estate, hospitality and construction (RHC) companies around the world, found there is increased optimism about the global economy. Eighty-five percent of those surveyed said the global ec...

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