Dublin, June 08, 2021 (GLOBE NEWSWIRE) -- The "Hospitality Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The market is expected to reach $5297.78 billion in 2025 at a CAGR of 6%
Hospitality Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global hospitality market as it emerges from the COVID-19 shut down.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider hospitality market, and compares it with other markets.
Major companies in the hospitality market include McDonald's; Compass Group Plc; Starbucks; Subway and Marriott International.
The global hospitality market is expected to grow from $3486.77 billion in 2020 to $4132.5 billion in 2021 at a compound annual growth rate (CAGR) of 18.5%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. .
Asia Pacific was the largest region in the global hospitality market, accounting for 45% of the market in 2020. North America was the second largest region accounting for 25% of the global hospitality market. Africa was the smallest region in the global hospitality market.
Hotels are using technologies that are transforming the customer experience. Some technologies are leading to significant improvements and savings in the hospitality market. The most significant trends in this market are the use of near field communication (NFC) technology, infrared technologies, and robots.
Hotels are also using robots to deliver amenities to guest rooms and for many other functional purposes. Hotel operators are investing in systems and technologies that can automate processes and personalize the experience for guests.
The hospitality market growth is aided by stable economic growth forecasted in many developed and developing countries.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Hospitality Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Hospitality Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Hospitality Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Hospitality Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Hospitality Market Trends And Strategies
8. Impact Of COVID-19 On Hospitality
9. Hospitality Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Hospitality Market Regional Analysis
10.1. Global Hospitality Market, 2020, By Region, Value ($ Billion)
10.2. Global Hospitality Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Hospitality Market, Growth And Market Share Comparison, By Region
11. Hospitality Market Segmentation
11.1. Global Hospitality Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Non-Residential Accommodation Services
- Food And Beverage Services
11.2. Global Hospitality Market, Segmentation By Ownership, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Chained
- Standalone
12. Hospitality Market Segments
12.1. Global Non-Residential Accommodation Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Hotel And Other Travel Accommodation; Camping And Caravanning; Students And Workers Non-residential Accommodation
12.2. Global Food And Beverage Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Restaurants And Mobile Food Services; Bars And Cafes; Catering Services And Food Contractors
13. Hospitality Market Metrics
13.1. Hospitality Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average Hospitality Market Expenditure, 2015-2025, Global
Companies Mentioned
- McDonald's
- Compass Group Plc
- Starbucks
- Subway
- Marriott International
For more information about this report visit https://www.researchandmarkets.com/r/pinlvh