Source: Hotel Management
By Stephen R. Hennis
November 20, 2018
Worldwide, the hotel industry relies on the airline industry to literally carry its demand. Sure, there are drive markets with little reliance on airlift, but the vast majority of the industry depends on guests arriving via airplane.
Following the inception of commercial flight back in 1914, it required more than 75 years for annual air passenger volume to hit the 1 billion passenger mark in 1990. Fifteen years later, global passenger count hit 2 billion annually. The next billion only required eight years despite the global economic recession. Then, in 2017, a mere five years later, the industry surpassed 4 billion air travelers.
