According to the report, attitudes toward trends in valuation, financing, tourism and restructuring are slowly turning positive. The first two issues may have the most immediate short-term impact on the sector, said Michael Fishbin, the global leader of the company's Hospitality & Leisure Practice.

"Accurately determining the value of a hotel property or portfolio remains a challenge to the industry in the wake of the global financial turmoil, but the sector may be nearing the peak of capitalization rate increases. We expect some recovery in underwriting and a rise in transaction activity this year, as investors and sellers come to a consensus around value," Fishbin said.

The report also details that more finance options should re-emerge, led by public and privately-held investment groups, and that more budding companies will consider initial public offerings this year. This year will also see an increase in tourism, including emerging attraction countries such as China, India and Brazil.