Global hospitality Market

Global hospitality Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends

The Global hospitality Market Report by The Business Research Company covers hospitality market drivers and restraints, hospitality market size, major players, and the impact of COVID-19 on the hospitality market.

The hospitality market covers sales of lodging and dining services. The hospitality industry comprises businesses that provide customers with lodging, prepared meals, snacks and beverages for immediate consumption. It includes both accommodation and food service establishments as these two activities are often combined at the same establishment.

The hospitality market is expected to grow at a CAGR of around 8% to nearly $5,891 billion by 2022.

The market is expected to benefit from steady economic growth forecast for many developed and developing countries. This continued economic growth is expected to be a driver of the hospitality market as increasing disposable incomes and greater affluence will allow consumers to increase their spending on recreational activities such as hospitality. Moreover, the hospitality market is expected to be driven by the changing hospitality habits of consumers. The increasing popularity of hospitality apps and social hospitality will propel the growth of the market in the forecast period.

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Some hospitality market trends include innovative hotel design. In the hotel industry guests are looking for more ‘inside the hotel’ experiences. This demand is driving hotel managers to ensure that all parts of their hotels are as welcoming as the lobby. Moreover, hotels are using technologies that are transforming the customer experience. Some technologies are leading to significant improvements and savings in the hospitality market. The most significant trends in this market are the use of near field communication (NFC) technology, infrared technologies, and robots.

Global Hospitality Market Segments Include:

1) By Type Of Product: Food And Beverage Services, Non-Residential Accommodation Services.

2) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.


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The Hospitality Opportunities And Strategies: Forecast To 2022 is one of a series of new reports from The Business Research Company that provides hospitality market overviews, analyzes and forecasts market size, share, hospitality market players, hospitality market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The hospitality identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Hospitality Opportunities And Strategies: Forecast To 2022 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Hospitality Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Hospitality Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

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