Global hotel and tourism industry gross margin Q1 2021-Q3 2022

Published by Statista Research Department, Nov 22, 2022
The gross margin measures the profitability of an industry. This indicator is calculated as the proportion of gross profit (given by total sales less cost of goods sold) to total sales. In the third quarter of 2022, the gross margin of the global hotel and tourism industry reached almost 70 percent. This shows growth over the previous quarter's figure of 65.4 percent. Since the first quarter of 2021, however, the gross margin of the hotel and tourism industry worldwide decreased by approximately 20 percentage points.

Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022

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Source

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Release date

November 2022

Region

Worldwide

Survey time period

Q1 2021 to Q3 2022

Supplementary notes

The gross margin calculation provided by the source is as follows:
(Gross profit / revenues) * 100

The source calculated the figures by compiling data from companies in the hotel and tourism industries.

The source did not provide a release date. Release date is date of access.

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