A global boom in hotel construction is increasing the supply of guest rooms just as international trade tensions put a dampener on demand: together, these factors will restrict the ability of hotels to raise room rates in many business destinations.

Joakim Johansson, vice president, global business consulting at GBT, said: “Despite signs that the global economy is facing challenges, the number of people traveling for business and leisure continues to grow.

Download: The Hotel Monitor 2020