Hospitality is one of the fastest-growing, global industries, and it adds one new job every 2.5 seconds. The hospitality industry is growing at 4.3 percent per year versus 3.0 percent for the total global economy. The hospitality industry contributes US$? trillion annually to total world domestic gross product.The industry employs approximately 266 million people, which represents 9.1 percent of all jobs worldwide. According to Howard Roth, a leader in global real estate, the industry is forecasted to create another 75 million jobs in the next decade.