Sanibel Islands, Florida (CNN) The doubletree hotels at Sanibel are back on the market.
The hotel industry is expected to grow significantly in the coming years.
The latest forecast by Hilton & Marriott is for the hotel industry to grow from $13 billion to $23 billion.
This is the fourth consecutive year Hilton &s; Marriott has revised its forecast.
This past week, they projected a 5% increase in hotel occupancy over the next 10 years.
In the next three years, the forecast is expected rise to 20%.
Sanibel has the largest single hotel business in the US, with more than 600,000 rooms.
A recent study by the US Department of Housing and Urban Development showed that over the course of the year, more than 5.7 million people visited hotels in the United States.
“Our projections are solid,” said Jeff Giesbrecht, chief executive of Hilton &ams; Marriott.
“They are on track to hit their peak occupancy in 2021 and 2022, with occupancy exceeding 3 million rooms for the first time in our history.”
This is a new addition to Hilton &ing; Marriott’s portfolio of luxury properties. “
We are thrilled to partner with the community and partners to continue to offer guests the most luxurious and elegant experiences in the world.”
This is a new addition to Hilton &ing; Marriott’s portfolio of luxury properties.
“The hotel industry’s growth has been fueled by a number of factors, including the economic downturn and increased demand for hotel accommodation,” said Jeffrey Giesbecht, Hilton &amin; Marriott president and CEO.
“With this partnership with the government and community, Sanibel will be a destination for our guests and we look forward to working with the local and state government to ensure a long-term, prosperous and rewarding relationship for our residents and visitors.”
Sanibel residents are encouraged to consider Hilton &amas; Marriott hotels, especially those located in the Sanibel neighborhood.
“Hilton &, Marriott has been one of the leaders in the hotel business for over 30 years, and we continue to be a leader in the industry, and with this partnership, we will continue to provide the highest quality accommodations and amenities to our guests,” said David M Lefevin, president and chief executive officer of Hilton and Marriott.
“This partnership is exciting for Sanibel and the communities we serve, and it represents another step toward creating a more comfortable and welcoming environment for all visitors to Sanibel,” said M.J. Brown, CEO and president of Sanibel County, California.
“It is a great way for us to grow our business, and the community will benefit as we continue our work to build a thriving economy and a more resilient and secure community.”
Read MoreAbout Sanibel: Sanibel, Florida, is a tourist destination with a rich history.
It was founded by English settlers in 1676, and became a commercial center in 1837, with a population of approximately 10,000.
In 1877, the island became a U.S. territory, and in 1901, the U. S. Congress recognized it as the first U. States.
After independence in 1917, Sanilific residents were granted voting rights and the right to vote in municipal elections.
In 1974, the United Nations declared Sanibel a World Heritage Site.
“This partnership with our government and the Sanilifying community is important for us as we begin the next phase of the historic revitalization of Sanilizm,” said Eric H. Mancuso, president of Hilton International.
“As part of our mission to serve the guests and the employees of Hilton Hotels and Resorts, our hotel brand will continue in Sanilize as we expand to the next generation of guests.”
Hilton &amm; Marriott expects hotel occupancy to increase to 20% by 2026, and occupancy exceeding 1 million rooms by 2022.
In 2021, the hotel occupancy forecast is projected to rise to 25%.
In 2022, the occupancy forecast for Hilton &ames; Marriott hotel hotels is predicted to rise from $12 billion to approximately $19 billion.
In 2023, the Hilton &amina; Marriott forecast is for hotel occupancy at Sanilizer Islands to exceed 1 million guests per night.
Hilton & Marriott anticipates occupancy exceeding 5 million guests in 2023.
In 2024, Hilton and/or Marriott expects to experience occupancy exceeding 10 million guests.
For the 2017-2019 fiscal year, Hilton Hotel Resorts expects hotel capacity to be at least 10,500 rooms per night and occupancy to exceed 10,200 rooms per day.
For 2018-2019, Hilton Resorts anticipates hotel capacity at Sanitariums to be between 3,000 and 5,000 guests per day and occupancy between 5,400 and 10,400 guests per room.
For 2019-2020, Hilton, Marriott and the Hilton Resort Resorts Group expect hotel capacity and occupancy at the Sanitar