Global Hospitality Market Report 2021: The Market is Expected
Dublin, June 08, 2021 (GLOBE NEWSWIRE) – The report “Hospitality Global Market Report 2021: COVID-19 Impact and Recovery to 2030” has been added to ResearchAndMarkets.com offer.
The market is expected to reach $ 5,297.78 billion in 2025 at a CAGR of 6%
Hospitality Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides strategists, marketers and senior management with the essential information they need to assess the global hospitality market as it exits the shutdown. COVID-19.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market share, trends and strategies for this market. It traces the historical and forecast growth of the market by geography. It places the market in the context of the larger hospitality market and compares it to other markets.
Major companies in the hospitality market include McDonald’s; Compass Group Plc; Starbucks ; Metro and Marriott International.
The global hospitality market is expected to grow from $ 3,486.77 billion in 2020 to $ 4,132.5 billion in 2021 at a compound annual growth rate (CAGR) of 18.5%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges. .
Asia Pacific was the largest region in the global hospitality market, accounting for 45% of the market in 2020. North America was the second largest region accounting for 25% of the global hospitality market. Africa was the smallest region in the global hospitality market.
Hotels use technologies that transform the guest experience. Certain technologies lead to improvements and significant savings in the hospitality market. The most important trends in this market are the use of near field communication technology (NFC), infrared technologies and robots.
Hotels also use robots to deliver amenities to rooms and many other functional purposes. Hoteliers invest in systems and technologies capable of automating processes and personalizing the guest experience.
The growth of the hospitality market is aided by stable economic growth expected in many developed and developing countries.
Main topics covered:
2. Structure of the report
3. Characteristics of the hotel market
3.1. Market definition
3.2. Key segmentation
4. Analysis of hotel market products
4.1. Leading products / services
4.2. Main characteristics and differentiators
4.3. Development products
5. Hospitality market supply chain
5.1. Supply chain
5.3. End customers
6. Customer information from the hotel market
6.1. Customer Preferences
6.2. End-use market size and growth
7. Trends and strategies in the hotel market
8. Impact of COVID-19 on hospitality
9. Size and growth of the hospitality market
9.1. Market size
9.2. Historical market growth, value (in billions of dollars)
9.2.1. Market pilots
9.2.2. Market restrictions
9.3. Market growth forecast, value (in billions of dollars)
9.3.1. Market pilots
9.3.2. Market restrictions
10. Regional analysis of the hospitality market
10.1. Global Hospitality Market, 2020, by Region, Value (USD Billion)
10.2. Global hospitality market, 2015-2020, 2020-2025F, 2030F, historical and forecast, by region
10.3. Global Hospitality Market Comparison, Growth and Market Share, By Region
11. Segmentation of the hotel market
11.1. Global hospitality market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- Non-residential accommodation services
- Food and beverage services
11.2. Global hospitality market, segmentation by owner, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
12. segments of the hotel market
12.1. Global Non-Residential Accommodation Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Hotel and Other Travel Accommodation; Camping and caravanning; Students and workers Non-residential housing
12.2. Global Food and Beverage Services Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value (USD Billion) – Restaurants and Mobile Foodservices; Bars and cafes; Restaurant services and food contractors
13. Hotel market metrics
13.1. Hospitality market size, percentage of GDP, 2015-2025, global
13.2. Average hotel market expenditure per capita, 2015-2025, worldwide
- Compass Group Plc
- Marriott International
For more information on this report, visit https://www.researchandmarkets.com/r/pinlvh