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.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the hospitality? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hospitality market global report answers all these questions and many more.
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.
Scope
Markets Covered:
1) By Type: Non-Residential Accommodation Services; Food And Beverage Services
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Nature: Organic; Conventional
Subsegments Covered: Hotel And Other Travel Accommodation; Camping And Caravanning; Students And Workers Non-residential Accommodation; Restaurants And Mobile Food Services; Bars And Cafes; Catering Services And Food Contractors
Companies Mentioned: McDonald's; Compass Group Plc; Starbucks; Subway; Marriott International
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, hospitality indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the hospitality? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hospitality market global report answers all these questions and many more.
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.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The hospitality market section of the report gives context. It compares the hospitality market with other segments of the hospitality market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hospitality indicators comparison.
Scope
Markets Covered:
1) By Type: Non-Residential Accommodation Services; Food And Beverage Services
2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Others
3) By Nature: Organic; Conventional
Subsegments Covered: Hotel And Other Travel Accommodation; Camping And Caravanning; Students And Workers Non-residential Accommodation; Restaurants And Mobile Food Services; Bars And Cafes; Catering Services And Food Contractors
Companies Mentioned: McDonald's; Compass Group Plc; Starbucks; Subway; Marriott International
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, hospitality indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Hospitality Market
What is the estimated value of the Global Hospitality Market?
What is the growth rate of the Global Hospitality Market?
What is the forecasted size of the Global Hospitality Market?
Who are the key companies in the Global Hospitality Market?
Report Attribute | Details |
---|---|
Published | January 2021 |
Forecast Period | 2021 - 2025 |
Estimated Market Value ( USD | $ 4132.5 billion |
Forecasted Market Value ( USD | $ 5297.78 billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
Table of Contents
1. Executive Summary2. Report Structure7. Hospitality Market Trends And Strategies8. Impact Of COVID-19 On Hospitality22. Key Mergers And Acquisitions In The Hospitality Market25. Copyright And Disclaimer
3. Hospitality Market Characteristics
4. Hospitality Market Product Analysis
5. Hospitality Market Supply Chain
6. Hospitality Market Customer Information
9. Hospitality Market Size And Growth
10. Hospitality Market Regional Analysis
11. Hospitality Market Segmentation
12. Hospitality Market Segments
13. Hospitality Market Metrics
14. Asia-Pacific Hospitality Market
15. Western Europe Hospitality Market
16. Eastern Europe Hospitality Market
17. North America Hospitality Market
18. South America Hospitality Market
19. Middle East Hospitality Market
20. Africa Hospitality Market
21. Hospitality Market Competitive Landscape
23. Recommendations
24. Appendix
Executive Summary
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. The market is expected to reach $5297.78 billion in 2025 at a CAGR of 6%.
The hospitality market consists of sales of accommodation and food services and related goods by entities (organizations, sole traders or partnerships) that provide customers with lodging and/or prepare meals, snacks, and beverages for immediate consumption. The market covers both accommodation and food services because the two activities are often combined at the same establishment. The hospitality market is segmented into non-residential accommodation services and food and beverage services.
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. NFC gives users the ability to exchange data between devices, making mobile payments an instant, secure process. Infrared sensors are used in hotels to address customer complaints involving housekeeping interruptions. 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 outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the hospitality market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the hospitality market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The hospitality market growth is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period . Thus, stable economic growth is expected to drive the market during the forecast period.
Companies Mentioned
A selection of companies mentioned in this report includes:
- McDonald's
- Compass Group Plc
- Starbucks
- Subway
- Marriott International
Methodology
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