Hospitality industry growth statistics 2021. Oct 10, 2024 · Overall Hospitality Sector Analysis.
Hospitality industry growth statistics 2021 However, readiness trends remained volatile through the end of the year. The pandemic was still going strong that year, with Australia's second lockdown causing a large portion of the hospitality industry to grind to a halt from June to October. UAE Hospitality analysis includes a market forecast outlook for 2025 to 2030 and historical overview. 53% to reach USD 66. Oct 6, 2023 · Jacksonville’s robust RevPAR growth in 2021 and 2022 drew the interest of investors to the market, leading to an increase in both sales activity and sale prices in recent years. 57 billion in 2023, achieving a compound annual growth rate (CAGR) of 7. com Dec 28, 2021 · The hotel industry assumes a pivotal role in propelling Malaysia's economic growth (Sangaran & Selvanayagam, 2021), thereby necessitating a concerted focus on the development and augmentation of Apr 3, 2024 · The number of businesses in the hospitality industry has witnessed year-on-year growth since 2013, in which just over 18. 42 billion in 2025 and grow at a CAGR of 4. Published: 30 Jan 2022 - 08:21 am | Last Updated: 30 Jan 2022 - 11:06 am Dec 19, 2023 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Mar 26, 2024 · Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U. Mar 29, 2024 · Hospitality Industry Overview: key statistics; Hospitality Industry Growth: what trends are driving it? Global Market Estimates predict that between 2021 and 2026, the niche will rise at a The Hospitality Industry In Sweden is expected to reach USD 6. Oct 25, 2024 · Discover all statistics and data on Tourism industry in Qatar now on statista. Marriott international, Far East Hospitality, InterContinental Hotels Group Plc, Pan Pacific Hotels Group and Accor SA are the major companies operating in this market. The hospitality, catering, and tourism industry accounts for approximately 3% of the total global workforce . Skip to main content Retail e-commerce sales growth worldwide 2017-2027 Value of M&A deals in the travel and Hospitality Industry In Netherlands Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Overview of the Hospitality Industry in the Netherlands is Segmented by Type (chain Hotels and Independent Hotels) and by Segment (service Apartments, Budget, and Economy Hotels, Mid and Upper Mid Scale Hotels, and Luxury Hotels). Feb 15, 2024 · Hospitality Industry in Japan - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The Hospitality Industry in Japan Market size is estimated at USD 24. Toyoko Inn Co Ltd, Route-Inn Hotels, APA Hotels & Resorts, Prince Hotels & Resorts and Super Hotel Co Ltd are the major companies operating in this market. 08 billion in 2025 and grow at a CAGR of 4. dollars) Premium Statistic Global hotel and resort industry market size worldwide 2022-2023 Oct 10, 2024 · As expected, COE declined sharply in 2020 due to COVID-19 related business closures. Oct 10, 2024 · Overall Hospitality Sector Analysis. Let’s look at what the employment situation in the industry looks like: In May 2023, job openings per hotel averaged 21, down from 24 in 2022 but above 2019 levels. Jul 5, 2024 · In 2021, the value of the domestic hospitality and food sectors went down by over 23 percent compared to the previous year. Premium Statistic Tourism industry growth rate Philippines 2018/19-2022/23, Aug 27, 2024 · The hospitality industry experienced a remarkable growth from $4,390. com as the most valuable tourism brand in the world, and new positions opening up in the sector), we can confirm that the hospitality industry is poised for a significant African Journal of Hospitality, Tourism and Leisure. 7 Insights on Current Trends and Innovations in the Hospitality Industry 4. Sole proprietorship hotels in the US generate an average annual revenue of $94,464. 49 billion by 2030. 57 billion in 2023. Jan 3, 2023 · This statistic shows growth in the Australian hospitality industry between the fiscal years 2013 and 2018, by sector. The Hospitality Industry In Singapore is expected to reach USD 4. In 2022, there was a significant increase in international tourist arrivals to the country, with 719,978 visitors recorded for the year, a 270. The Hospitality industry everywhere faced challenging times in the era of COVID-19, and San Antonio was no exception. 1% of them. 96% to reach USD 541. 5 million U. Elite Hotels, First Hotels, Nordic Choice Hotels, Scandic Hotels and Best Western Hotels & Resorts are the major companies operating in this market. However, broader work to upgrade the industry’s Jun 9, 2023 · The global hospitality industry is worth nearly $4. The Hospitality Industry In Canada is expected to reach USD 41. 0%. 7 trillion in 2023, with forecasts predicting 23. 55% during the forecast period (2024-2029). 9 million jobs—more than 23% of all jobs created—in large part because of a return to travel and dining out following the COVID-19 pandemic. 6%), while Northern Territory (-258 people, -1. Businesses have needed to adapt to increasing remote work, changing travel patterns and new concerns over health and safety. AccorHotels, Louvre Hotels Group, B&B Hotels, Brit Hotels and Best Western Hotels & Resorts are the major companies operating in this market. 88 billion in 2025 and grow at a CAGR of 13. By 2023, the market had grown from $4. 3 million jobs, with leisure and hospitality accounting for 23. Hospitality has shown faster economic growth than any other sector. Jan 17, 2024 · Discover all statistics and data on Hotel industry in Saudi Arabia now on statista. Though the entry for new hotels in Amsterdam is going to get limited in the coming years owing to the fact that with more municipalities implementing a restrictive hotel policy, which means there are fewer opportunities for new hotel developments as the Hospitality in Saudi Arabia Market Analysis. 9% increase on 2021, and only Post-election clarity and ADR increases likely to sustain hotel performance through 2025 amid modest demand growth. Dec 2, 2024 · In 2023, the market size of the hotel and motel sector in the United States grew to as much as 231. 9 Insights on International and Domestic Visitors in Romania 4. 1 billion U. Jun 28, 2023 · Hospitality Industry Overview: key statistics; Hospitality Industry Growth: what trends are driving it? In 2022, there were 22 million new jobs, representing a 7. 76 billion by 2030. Jan 10, 2024 · With hospitality statistics predicting a healthy expansion of the sector (e. Hospitality advanced education is the industry’s talent pipeline. Jul 4, 2024 · While other accommodation options like Airbnb have become extremely popular, hotels are still a huge business globally, and in 2023 the hotel and resort industry market size worldwide reached AHLA's State of the Industry Report outlines the forecasted state of the hotel industry in 2021 and into the immediate future. 11 billion by 2030. The rollout of the COVID-19 vaccine and acceleration of its distribution in 2021 will help the economy rebound, with businesses reopening, employment picking up, and business and personal travel resuming. Apr 22, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Dec 4, 2024 · The hospitality industry employs approximately 10% of the global workforce. The industry shows strong signs of recovery after sustaining heavy losses during the Covid-19 pandemic. 6% CAGR, I believe this growth reflects the industry’s pressing need for efficiency and personalization. It is projected that by 2025, revenue will reach US$0. Things are still expected to be challenging for the hospitality industry overall in 2021 and it will take several years for recovery. 5 billion worth of services in 2021. While hospitality is one of the fastest-growing industries in the US, it experienced a significant dent in 2020 due to the pandemic. Meliá Hotels International, Barceló Hotel Group, Eurostars Hotel Company, Marriott International and NH Hotel Group are the major companies operating in this market. Aug 26, 2024 · Inbound visitor growth in the Asia-Pacific region from 2021 to 2025, by subregion Basic Statistic Total travel and tourism GDP contribution APAC 2022-2033, by country Jun 30, 2021 · June 2021; African Journal of Hospitality Tourism and Leisure 10(10(3)):1077-1091 This article provides a reflection on the challenges and growth trajectory of the hospitality industry in Dec 19, 2023 · Find the most up-to-date statistics and facts on hotel industry in India. 2% in late 2024 (BLS). Rise in Tourism in the Country is Driving the Hospitality Industry The rise in tourism in the country is driving the hospitality industry. 25% during the forecast period(2024-2029). 62 billion in 2025 and grow at a CAGR of 4. 66 billion in 2024, and is expected to reach USD 128. 1 billion Ghanaian cedis (GHS), roughly 278. 26% to reach USD 5. Between 2021 and 2031, the industry is projected to add 1. 53% during the forecast period (2024-2029). 60B in 2022 to $9,950B in 2028, with a compound annual growth rate (CAGR) of 16. Employees at accommodation establishments in Overview Of The Hotel Industry Key Hotel Industry Statistics. By fostering personalized and immersive experiences, it not only satisfies our desire for leisure and memorable moments, but also shapes how we connect, socialize, and envision the Hospitality market research report by Future Data Stats, offers a comprehensive view of the market's historical data from 2018 to 2021, capturing trends, growth patterns, and key drivers. 31 billion by 2030. In 2019, the industry had a very good year, extending the long-term trend of steady growth over the past three decades. 4 percent annually. versity hospitality programs, among men as well as women. Jul 8, 2024 · Find the latest & up-to-date statistics on the tourism industry in the Philippines. Oberoi Hotels & Resorts, The Park Hotel, ITC Hotels, Lemon Tree Hotels and Taj Hotels are the major companies operating in this market. 7 percent in 2022. 29 billion by 2030. 81 billion in 2025 and grow at a CAGR of 4. com! Expected revenue of hospitality industry in the GCC 2021-2028 Annual growth rate of hospitality industry The UK Hospitality Industry is expected to reach USD 58. As of 2021, total revenue from Premium Statistic Number of employees in the hospitality industry in Germany 2004 Jul 8, 2024 · Premium Statistic Expected revenue of hospitality industry in the GCC 2022-2028, by country Premium Statistic Business travel spending in the GCC 2012-2022 Aug 5, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Nov 8, 2024 · In this article, we’ll dig into over 50 shocking statistics about the accommodations industry tapping critical datasets such as the bureau of labor statistics, travel industry organizations like the AHLA and Statista. The Hospitality Industry in South Africa Market size is estimated at USD 1. Wyndham Hotel Group LLC, Choice Hotels International Inc, Best Western International Inc, Coast Hotels Limited and Marriott International Inc are the major companies operating in this market. Between 2021 and 2031, the U. 0 percent annually). Nov 22, 2022 · As of today, we are only weeks away from 2023. Other industries with fast growth rates from 2021 to 2031 include amusement parks and arcades (3. com 3 Industry Tourism Statistics (Page 8) Hospitality Industry Trends (Page 16) 5 Shifting Landscape of Hotel 6 Management Model (Page 21) MARC’s Industry Forecast (Page 23) 7 Hotel Industry Overview (Page 11) 4 Financial Analysis (Page 25) 8 Industry Overview, Segment of Hotels Industry Growth, Growth Drivers Tourism Statistics, Leading States The Hospitality Industry In Maldives is expected to reach USD 0. While 34% of adults are already comfortable staying in a hotel, 48% say their comfort is tied to vaccination in some way. com! Retail e-commerce sales growth worldwide 2017-2027 Expected revenue of hospitality industry in Saudi Jun 3, 2024 · In 2023, the hospitality industry's revenue in Italy grew significantly compared to 2019, the year before the onset of the COVID-19 pandemic. Indonesia Hospitality Real Estate Industry Report . Mar 6, 2023 · Before we look into the hospitality industry Australia statistics for 2022, we have to understand how the industry got to that point by looking back at 2021. 67 billion by 2030. November 2021 experienced a 2% decline from the previous month due to outbreaks and new travel restrictions. dollars. Find statistics, consumer survey results and industry studies from over 22,500 sources on over 60,000 topics on the internet's leading statistics database Dec 16, 2024 · In 2023, accommodation and food service activities in Ghana contributed around 4. Sep 1, 2023 · As a sector, leisure and hospitality makes up roughly 8. 69 billion by 2030. Global tourism industry - statistics & facts; Hotel industry worldwide - statistics & facts an annual growth rate (CAGR 2025-2029) of 2. #4 Tech Adoption as a Way to Cope with Staff Shortages. Feb 15, 2024 · UK Hospitality Industry - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The UK Hospitality Industry is expected to grow from USD 24. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments. (CBRE) 4. Aug 18, 2022 · The hospitality industry is a vast sector with many different categories that include recreation, lodging, entertainment, food and beverage. (FinancesOnline) In the United States, the hospitality industry is expected to employ 1. Overall readiness in November 2021 was 23% below the 2019 baseline. Feb 29, 2024 · For instance, after the 70 percent drop in revenue in 2020 and the still modest recovery in 2021, the Latin American hotel industry is expected to experience a significant growth in 2022 and Aug 10, 2022 · Oman’s hospitality industry is experiencing a surge—almost 50 percent growth in the number of tourists visiting the country this year. Moreover, the market is expected to grow during the forecast period. As examples, the F&B category includes restaurants, bars, and food trucks; travel & tourism covers different forms of transportation and travel agencies; lodging varies from Jan 4, 2024 · Hospitality Industry in Vietnam - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2024 - 2029 - Vietnam Hospitality Market has generated revenue of USD 2. Whitbread Group, InterContinental Hotels Group, Travelodge, Accor SA and Marriott International, Inc are the major companies operating in this market. 10 Insights on Revenue Flows from Accommodation and Food and Beverage Sectors 4. However, the pandemic Hospitality Market Size 2025 And Growth Rate. The Hospitality Industry In The Kingdom Of Saudi Arabia Market size is estimated at USD 13. It’s almost hard to believe after the trials and tribulations that largely defined 2020, 2021, and the beginning of 2022. Jan 4, 2024 · Rise in Tourism in the Country is Driving the Hospitality Industry. 7 trillion, achieving a compound annual growth rate (CAGR) of 7%. 18% during the forecast period (2024-2029). 13% between 2023 and 2028. Employment Trends: The hospitality industry is a major employer, with 10% of the global workforce employed in tourism. Statistics for the 2025 Hospitality Industry in Germany market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. 81 billion in 2024 to USD 28. According to a recent study by Deloitte, 53% of hoteliers are currently at 25-74% of their pre-pandemic workforce, and less than 10% expect to be completely staffed by the end of 2023. 14% to reach USD 32. Statistics for the 2025 Hospitality Industry in Malaysia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 43% to reach USD 1. Dec 24, 2024 · My Take on the AI Statistics in Hospitality in 2025. Jul 11, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jun 10, 2024 · How will the hospitality industry be digitalized? In early 2021, executives in the global travel and hospitality industry had several plans for digitization in the pipeline. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or Hospitality Industry In Thailand Industry Report . 08 billion in 2025 and grow at a CAGR of 1. The Hospitality Industry In Spain is expected to reach USD 27. 35 billion by 2030. May 28, 2024 · Find the most up-to-date statistics and facts about the accommodation industry in Germany German hospitality industry revenues 2013-2022. Marriott International Inc, Accor SA, Hilton Worldwide Holdings Inc, Radisson Hotels and Meliá Hotels International SA are the major companies operating in this market. Oct 8, 2024 · Discover the latest hotel statistics and trends for 2024, from rising room demand to the impact of AI, bleisure travel, and sustainability on the hospitality industry. Global tourism industry - statistics & facts "Value growth of The State of the Hospitality Market Size (2024 to 2032) The state of the hospitality market was valued at USD 4,770 billion in 2023 and is expected to reach USD 18,324 billion by 2032 from USD 5,539 billion in 2024, growing at a CAGR of 16. g. Find statistics, consumer survey results and industry studies from over 22,500 sources on over 60,000 topics on the internet's leading statistics database Q3 2021; Five year forecasted growth Office for National Statistics (UK), Share of accommodation and food service businesses trading during the coronavirus pandemic in the United Kingdom (UK) from March 2020 to March 2021 Statista The Hospitality Industry In Turkey Market size is estimated at USD 5. 76 billion by 2030, at a CAGR of 5. Mar 15, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 Jan 10, 2024 · Find the most up-to-date statistics and facts on the hospitality industry in Canada Retail e-commerce sales growth worldwide 2017-2027 COVID-19's effect on hotel KPIs in Canada in November Hospitality in Germany Industry Report . Jul 5, 2024 · Find the most up-to-date statistics and facts on tourism industry in Vietnam. Skip to main content apparel market worldwide from 2021 to 2028 year-on-year inbound tourism growth due to The Hospitality Industry in Japan Market size is estimated at USD 24. 20 million in 2025 and grow at a CAGR of 6. 90 billion in 2025, and is expected to reach USD 17. 68 billion by 2029, growing at a CAGR of 4. The global hospitality industry grew at a rate of 7% per year, reaching $4,699. After the steep decline seen during the coronavirus pandemic, Jan 22, 2021 · The American Hotel & Lodging Association (AHLA) today released "AHLA's State of the Hotel Industry 2021" outlining the forecasted state of the hotel industry in 2021 and into the immediate The report found that heading into 2021, consumers are optimistic about travel, with 56% of Americans saying they are likely to travel for leisure or vacation in 2021. Now, the industry is expected to grow over 90 percent year on year and reach $700 million by the end of 2022, says Alpen Capital’s GCC Hospitality Industry Report. The industry rebounded in 2021 but it was not until 2022 that COE returned to pre-pandemic levels. Mar 9, 2023 · What is the growth rate of the hotel industry? The growth rate of the hotel industry is 19. 10 Insights on Other Economic Contributors to the Hospitality Industry 4. There are over 700,000 hotels in the world. Hospitality Industry in Malaysia analysis includes a market forecast outlook for 2025 to 2030 and historical overview. In the period April to June 2021 there were an estimated 102,000 job vacancies in hospitality, nearly five and a half times higher than the 19,000 recorded in December to February 2021, and higher than pre-pandemic levels. Vinpearl, Muong Thanh Hospitality, Accor Hotels, InterContinental Hotels Group and Marriott International are the major companies operating in this market. Nov 7, 2023 · Global tourism industry - statistics & facts; Number of recreational boats registered in French maritime waters 2021, by type Hospitality industry growth rate in Egypt from 2016 to 2018; 2021 compared to August 2021 globally. 60 billion by 2030. 55% to reach USD 22. 48 billion by 2029, growing at a CAGR of 1. 18% to reach USD 26. 1 million jobs during the pandemic that have yet to return, representing more than a third of all unemployed persons in the United States, according to the Bureau of Labor Statistics. In 2021, the global hotel industry was worth $4. Hospitality in UAE Industry Report . 27 billion in 2025 and grow at a CAGR of 5. The Hospitality Industry In India is expected to reach USD 281. Romanian Hospitality Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Report Covers Romanian Hospitality Industry Statistics and the Market is segmented by type (chain hotels, and independent hotels), and by category (upscale and luxury hotels, mid-scale hotels, and budget and economy hotels). ; b. Sep 30, 2024 · Number of hotels in Amsterdam 2012-2023; Number of hotel rooms in Amsterdam from 2017 to 2020, by classification; Employment in the hotel and hostel industry in Amsterdam the Netherlands 2010-2019 The Hospitality Industry In Vietnam is expected to reach USD 5. 0%, with both ADR and occupancy rates expected to decline by May 1, 2022 · The hospitality sector, including hotels, has significantly evolved with the widespread adoption of technology, thereby transforming how services are delivered and received (Kumar and Bansal, 2022). The Hospitality Industry in France is expected to reach USD 21. 43 billion in 2025 at a compound annual growth rate (CAGR) of 6. 5%. ISSN: 2223-814X June 2021, Vol 10, No 3, pp. (KOA) has used an independent third party, Cairn Consulting, to conduct non-biased annual research to track growth and changes within the camping market place. ) Region-wise performance: Asia Pacific was reported as the largest region in the hotel and other travel accommodation market, accounting for 35. 1077-1091 1077 AJHTL Open Access - Online @ www. 7 Technological Innovation in the Hospitality Industry 4. Most travellers book their hotels and flights about 12 weeks in advance, while 48% of experience bookings are made upon arrival. 68 billion in 2025 and grow at a CAGR of 3. S. The Hospitality Industry In Sri Lanka is expected to reach USD 503. The projected outlook for Miami’s RevPAR for the remainder of 2023 is a decrease of approximately 8. , among others have been profiled in the report. statista. Oct 17, 2022 · Within leisure and hospitality, we project the promoters of events, and agents and managers to be the fastest growing industry, at 3. Industry Growth and Recovery. Mar 15, 2024 · Find the most up-to-date statistics about the tourism industry in Germany. The Hospitality Industry in the Netherlands Market is expected to register a CAGR of greater than 8. As we move into 2025, AI is set to reshape the hospitality industry like never before. 5 days ago · Designing Experiences that Shape Lives: The hospitality industry influences our daily routines through elements such as video games, movies, and television shows. Companies including Whitbread Group, InterContinental Hotels Group, Travelodge, Accor SA, and Marriott International, Inc. Dec 18, 2024 · According to the US Bureau of Labor Statistics, hospitality unemployment rates decreased from more than 15% in early 2021, to 6. Jan 25, 2024 · Forecasted revenue of the hospitality industry in the United Arab Emirates from 2021 to 2028 (in billion U. 2%. hotel industry 2001-2014 1 Jun 2021, https://www The Hospitality Industry In Turkey is expected to reach USD 5. com June 15, 2021 04:54 AM Eastern The hospitality industry recorded growth numbers in 2021, both in terms of performance and investments. 1%. 14 million by 2030. Of this, total domestic supply was €7 billion, while Irish residents spent €1. Dec 11, 2024 · 1. Tourism & Hospitality. 9%) was the only state or territory to show negative growth. 8 Impact of COVID-19 on the Hospitality Industry 4. 29 billion by 2029, growing at a CAGR of 1. 78 billion in 2024 to $5717. 8% in growth over the next four years. 7 | The Leisure and Hospitality Industry initially, are likely due to an overrepresentation of workers who were already earning more than the typical leisure and hospitality worker. 7 trillion to the global economy every year. In some ways, the last There were over 735,000 jobs in travel and tourism in Ghana in 2021. 2 percent annually) and performing arts companies (3. Outdoor hospitality is a dynamic and growing industry that is making an increasingly high economic contribution to local communities. 94% to reach USD 11. Struggles to fill positions Nov 10, 2021 · The Indian hospitality industry witnessed a growth of 169. 13% from 2024 to 2032. Indonesia Hospitality Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. economy is projected to add 8. 9% of total employment in the United States according to the Bureau of Labor Statistics (BLS). Nov 6, 2024 · Hotel Industry Statistics: As of 2019, there are over 700,000 hotels and resorts worldwide, with the US alone hosting around 91,000 hotels and motels generating more than $194 billion in annual revenue. 87% to reach USD 313. 82 billion in 2024, and is expected to reach USD 22. The global hospitality market displayed significant growth after the challenges of the COVID-19 pandemic. This was the CAGR from 2020 to 2021 as the global hotel industry reopened after the COVID-19 pandemic lockdowns began to lift. Mar 28, 2024 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. Hospitality Industry In The Philippines Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) Hospitality Industry in the Philippines Report is Segmented by Type (Business Tourism, Vacation Tourism, Eco-Tourism, Cultural Tourism, Adventure Tourism, and Event Tourism), Tourist (Domestic and International), and Booking Channel (Phone Booking, In-Person Booking, and Online Booking). Value of the secondhand apparel market worldwide from 2021 to 2028; Revenue growth of the cruise industry Feb 15, 2024 · Hospitality Industry in France - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The Hospitality Industry in France Market size is estimated at USD 20. 58 billion in 2024, and is expected to reach USD 6. 8% of the global market in 2021, followed by North America, Western Europe, and other regions. With market projections indicating a 58. 45 billion in 2025 and grow at a CAGR of 4. . , the bleisure and wellness markets on the up, room demand set to reach an all-time high, booking. 18 hours ago · Hotel Industry Statistics stated that almost 6% of travellers are willing to pay extra for an eco-friendly hotel. 2% increase compared to the 194,495 tourists who visited in 2021. The US Hospitality Market is expected to reach USD 247. 83 billion by 2029, growing at a CAGR of 4. 74% is expected, which will result in a market volume of THE HOSPITALITY INDUSTRY THROUGH THE PANDEMIC AND BEYOND . 43% during the forecast period (2024-2029). 89% to reach USD 702. 27% to reach USD 53. 83 billion in 2025 and grow at a CAGR of 13. Wage growth through the end 2021 seems to indicate that much of the recent wage gains are not solely attributed to compositional changes, The Accommodation and food services industry also had the largest increase in Employment, with a total growth of 145,000 people (13. 80B in 2023. The report found that heading into 2021, consumers are optimistic about travel, with 56% of Americans saying they are likely to travel for leisure or vacation in 2021. Statistics for the 2025 Indonesia Hospitality Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 03% during the forecast period (2025-2030). Although this showed a Oct 22, 2024 · The hospitality industry is expected to grow from $4,107. It will grow from $5384. Read more Jun 15, 2021 · United States Hospitality Industry Growth Rates and Forecast to 2027: Aramark, Burger King, Marriott International and McDonald's Dominate - ResearchAndMarkets. 5 thousand hospitality businesses were in operation. The hotel industry is expected to generate $408. The pandemic has been devastating to the hospitality industry workforce, wiping out 10 years of hotel job growth. 15% to reach USD 1. 12% to reach USD 7. 11 Impact of COVID-19 on the Market expectations. 4. For decades, Kampgrounds of America, Inc. Marriott International, Hilton Worldwide, InterContinental Hotels Group, AccorHotels and Hyatt Hotels Corporation are the major companies operating in this market. The hotel industry is growing at an average rate of 10% each year. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Wyndham Hotels & Resorts Inc and Rixos Hotels are the major companies operating in this market. +74,000 Leisure and Hospitality Current Employment Statistics Summary, September 2021 CES Highlights Release Date: October 8, 2021 +60,000 Professional and Business Services Employment rose by 56,000 in the professional and technical industries, led by gains of 15,000 each in architectural and engineering services and in management and Jul 11, 2024 · Number of hotel and similar lodging rooms Qatar 2008-2021; annual growth rate of the hospitality industry revenue in the Gulf Cooperation Council countries between 2023 and 2028, by country The hospitality industry has hit a new normal. 26% to reach USD 7. 4% in revenue per available room (RevPAR) in Q3 2021 (July - September) compared to Q3 2020, according to consultancy JLL's Hotel Momentum India Q3 2021, a quarterly hospitality sector monitor. Hospitality industry growth rate in MENA by country 2013-2014 Share of pipeline hotel rooms Bahrain 2023-2028, by hotel class Share of hotel key supply Bahrain 2023, by hotel class Jun 10, 2024 · Find the most up-to-date statistics and facts on the cruise industry worldwide. Shangri-La Hotels and Resorts, Mariott International, Inc, Amaya Resorts & Spa, Cinnamon Hotels & Resorts and InterContinental Hotels & Resorts are the major companies operating in this market. As a result, it is essential to collect all the Malaysia Hospitality Industry Report . Leisure and hospitality has lost 3. dollars) Premium Statistic Share of hotel projects in Dubai UAE 2022, by phase The Hospitality Industry in Japan is expected to reach USD 25. It establishes 2022 as the base year, analyzing the market landscape, consumer behavior, competition, and regulations. 4 billion on Hospitality services abroad, and product taxes were €2 billion. 8 Insights on Revenue Flows from Accommodation and Food and Beverage Sectors 4. This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in leisure and hospitality. 12% during the forecast period (2024-2029). 79 billion in 2024, and is expected to reach USD 26. Restaurants & Mobile Food Services sector saw the strongest growth after COVID-19, with COE almost 17% higher in 2022 than in 2019. 59 billion in 2022 to $4,699. Our Castell@College initiative inspires students by showing them desirable futures through the hospitality industry. 13 billion, with a growth rate of 18. The industry research and market data provide detailed insights into market trends, market growth, and market predictions, helping stakeholders make informed decisions. Staff shortages are an ongoing challenge for the industry. 6%). 84 billion in 2025 and grow at a CAGR of 2. The Hospitality Industry in China Market size is estimated at USD 86. 87 billion by 2030. Jul 16, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 In 2023, the hospitality industry contributes $4. The rise in tourism in the country is driving the hospitality industry. ajhtl. 70 billion by 2030. Hospitality Industry In Thailand analysis includes a market forecast outlook for 2025 to 2030 and historical overview. In terms of direct contribution to employment, the industry registered a share of 5. The US lodging sector is expected to experience muted growth in 2025, driven by moderate increase in average daily room rates and stable occupancy levels, resulting in an annual increase in revenue per available room of 1. 9 Insights on Shared Living Spaces Impact on the Hospitality Industry 4. For an industry marked by personalized, people-centric services, it has been swift to invest in technology and automation to satisfy customers and realize profits — everything from digital employee experiences to smart room service. 8 million workers in 2024. are the major companies operating in this market. 39 trillion in 2022 to $4. Learn how hotels are bouncing back and what’s driving growth this year. 83 billion by 2030. Get a sample of this industry analysis as a free report PDF download. This is an unusually high growth rate, but the industry is expected to continue to grow from 2021 to 2025, just at a slower Oct 8, 2021 · Global market size of the hospitality industry 2023-2029; Value per hotel room in Saskatoon 2010-2021; Market value growth of the U. Statistics for the 2025 Hospitality Industry In Thailand market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. This was driven by strong growth in New South Wales (62,000 people, 17. 45bn and exhibit Jul 19, 2024 · Office for National Statistics (UK), Turnover of enterprises in the food and beverage industry in the United Kingdom from 2008 to 2022 (in million GBP) Statista, https://www. The hospitality market size has grown strongly in recent years. 66 billion in 2025 and grow at a CAGR of 9. Hospitality Industry in Germany analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Sep 6, 2024 · Global sales of the top performance apparel, accessories, and footwear companies 2023; Nike's global revenue 2005-2024; Value of the secondhand apparel market worldwide from 2021 to 2028 The Hospitality Industry in South Africa is expected to reach USD 1. 36 billion in 2024, and is expected to reach USD 1. 69 billion in the current year and is poised to achieve a CAGR of 14% for the forecast period. 11 billion by 2029, at a CAGR of 2. 14 billion in 2025 and grow at a CAGR of 1. The hospitality market research report is one of a series of new reports that provides hospitality market statistics, including hospitality industry global market size, regional shares, competitors with hospitality market share, detailed Hospitality market segments, market trends, and opportunities, and any further data you may need to thrive The Hotels market in the United Arab Emirates is expected to experience a significant growth in revenue in the near future. Jan 10, 2024 · Hotel Industry Employment Statistics. 04 billion by 2029, growing at a CAGR of 8. The Hospitality sector in Ireland supplied a total of €10. 03 billion by 2030. Hospitality Industry in Pakistan Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Hospitality Industry in Pakistan is segmented by type of tourism (inbound tourism and outbound tourism) and type of hotel (economy and budget hotels, mid-scale hotels, upper-scale hotels, premium and luxury hotels, and other types of hotel (shared living spaces, rented apartments, service Industry statistics and industry information are crucial for understanding the current state and future prospects of the hospitality industry in Hong Kong. 11 Investments (Real Estate, FDI, and others) in the Hospitality Industry Jan 30, 2022 · Qatar’s hospitality industry records strong growth in November 2021. With favourable conditions, hospitality could increase its economic contribution by £29 billion and create 500,000 new jobs by 2027. Statistics for the 2025 UAE Hospitality market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. kypyl adeyqb qdw zuur pwuh cue qakktw dtvn nepdie refqi