Over the past five years, resorts have been the darling of the hotel investment community, influenced by consumer focus on experiential travel and an affinity toward lodging assets with an authentic local feel, according to JLL Hotels & Hospitality’s Global Resort Report: Three-Part Series.
Resorts across the world have also benefitted from solid growth in international tourist arrivals, which are anticipated to grow 4 percent in 2019 to 2.2 billion travelers and continue rising at this pace throughout the next decade.
RevPAR performance of resort markets has continued to outpace other locations, such as urban, suburban and airports. The United States observed anemic average supply growth of 0.7 percent from 2014 to first half 2019, which has allowed resorts to achieve an average RevPAR growth nearly two times the national pace of growth. Limited additional
