Energy's Impact on the Hotel Industry

Eric Lewis

Eric Lewis

Executive Managing Director - Business Development Americas

Phone +1 212 841-5964

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Over the last decade, the energy sector had a profound effect on the hospitality industry, and it remains a significant economic driver in many markets today. The oil industry, in particular, has invigorated local economies, adding thousands of jobs and millions of dollars in revenue across several key regions in North America. Fracking completely changed the industry in 2008, and a “shale revolution” was born in the United States that dramatically affected global supply and demand.