LATEST NEWS

Phoenix Hotel Industry Generates $7.2 Billion Annually, Supporting Over 42,000 Jobs and $1.1 Billion in Tax Revenue

📈 Phoenix hotels generate $7.2 billion in economic activity and support 42,237 jobs, providing $627.9 million in wages. Hotel guests contribute $4 billion annually, equating to $641 per room night. The sector delivers $1.1 billion in tax revenue: $538.7 million federal, $260.3 million state, and $257.2 million local. Phoenix hosts 25,164 guest rooms, selling 6.5 million room nights yearly across 168 properties, with 2,312 additional rooms in development.

Innovation

SplitStay introduces shared-stay platform to make event travel more accessible

Belgian traveltech start-up helps travelers split rooms, apartments and villas SplitStay, a Belgian traveltech start-up supported by the Start it @KBC accelerator, is launching a platform that allows travelers to split accommodation with compatible guests during trips abroad. From festivals and sports tournaments to trade fairs and international conferences, SplitStay makes it possible to safely share a hotel room, apartment or villa, cutting costs, reducing waste and creating new social…

Mergers & Acquisitions

Hotel Operations


Hotel Openings