Olympics Impact on Hotel Development

STR | October 14, 2021

Every industry experiences change, growth and evolution over time. The tourism and hospitality sectors are no exception, especially when major events come to town. In a previous article, we analyzed UEFA Euro 2020’s impact on hotel inventory and how landing a major event is like “hitting the jackpot” with a significant influx of visitors needing accommodation for a specified time period. Most of the time, hosting a “mega event” means opportunity to ensure the accommodation infrastructure can support the event. With that in mind, we took a look at how hotel supply has grown around the Summer Olympics during the past two decade...