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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CSIMarket. (November 22, 2022). Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022 [Graph]. In Statista. Retrieved April 26, 2024, from https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/
CSIMarket. "Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022." Chart. November 22, 2022. Statista. Accessed April 26, 2024. https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/
CSIMarket. (2022). Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022. Statista. Statista Inc.. Accessed: April 26, 2024. https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/
CSIMarket. "Gross Margin of The Hotel and Tourism Industry Worldwide from 1st Quarter 2021 to 3rd Quarter 2022." Statista, Statista Inc., 22 Nov 2022, https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/
CSIMarket, Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022 Statista, https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/ (last visited April 26, 2024)
Gross margin of the hotel and tourism industry worldwide from 1st quarter 2021 to 3rd quarter 2022 [Graph], CSIMarket, November 22, 2022. [Online]. Available: https://www.statista.com/statistics/1346629/hotel-tourism-industry-gross-margin-worldwide/