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Hospitality industry. The hospitality industry is a broad category of fields within the service industry that includes lodging, restaurants, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry.ospitality industry. The hospitality industry is a broad category of fields within the service industry that includes lodging, restaurants, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry.
Continued Hospitality Industry Growth. The hospitality industry saw positive growth in 2015, with every key performance indicator increasing, according to a report from STR and Tourism Economicsâ forecast. For 2015, they forecasted a 1.4% growth in occupancy, 5.2% increase in average daily rate, and a 6.6% growth in RevPar. Their forecast for 2016 included a 0.8% increase in occupancy, 5.0% increase in ADR, and 5.8% increase for RevPar. STR also projects demand to increase in 2016 by 1.4%.