This report also includes a detailed and extensive market overview with key analyst insights. The hospitality industry is divided into sectors according to the skill-sets required for the work involved. The Hospitality market size was worth around . Airbnb has been attracting a large consumer base and it recorded an increasing number of listings and bookings over the past few years. We are always looking to hire talented individuals with equal and extraordinary proportions of industry London is registering a growing RevPAR year-on-year, though the occupancy got stagnated between around 80-84% during 2018-2022. Introduction. Tourism and hospitality industry is the leading service industry worldwide in terms of gross revenue and foreign exchange earnings. All Rights Reserved to Mordor Intelligence. Home Essay Samples Travelling Tourism Industry. As per the growth projection made by the World Tourism Organization (UNWTO), the number of tourist arrivals across the globe was expected to cross 1.5 billion by 2020. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behaviour and macro-economic factors. Growth in digital innovation helped in recording this increasing number and it also helped the players who operate shared spaces, like Airbnb, to be able to reach out to their target audience. 2.2.1. The impact of Brexit uncertainty is affecting the investment environment, yet the growing demand is helping the country attract investors. Choosing the right travel agency can distinguish between a smooth vacation and one filled with hardship and unnecessary risk. In employment terms, restaurant are easily the . WritingBros. ", Research and Markets, Market size of the hospitality industry worldwide in 2020, with a forecast for 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/ (last visited May 02, 2023), Market size of the hospitality industry worldwide in 2020, with a forecast for 2021 (in billion U.S. dollars) [Graph], Research and Markets, June 8, 2021. Payment Failed. to incorporate the statistic into your presentation at any time. Financial Services and Investment Intelligence, Middle East and Africa Travel Retail Market, Opportunities In Latin America Travel And Tourism Market, Hospitality Industry in the United States Market Size, Hospitality Industry in the United States Market Share, Hospitality Industry in the United States Market Trends. The hospitality industry currently employs around 292 million of people, and that means that 1 in 10 jobs around the globe is linked to the hospitality industry (Oxford Economics for World Travel & Tourism Council, 2017), Hospitality industry is a broad industry which contains many services. The government all across the globe are cancelling the foreign visits and locking down most of the area which is one of the other major reasons behind the slowing down of hospitality industry. The hospitality industry in the United Kingdom is dynamic. Terms of Use. Housekeepers, help the customer to sort out the room every day. Different approaches have been worked on to derive the market value and market growth rate. Gaining insight into the hospitality industry and how hospitality organisations operate remain the primary purpose of this unit. companies confidence in personalizing customer experience worldwide 2020, Key reasons for hoteliers to implement new technologies worldwide 2021, Odds of hotels implementing guest messaging solutions in the next year worldwide 2021, COVID-19: global travelers opinions on accommodations use of latest tech 2020, COVID-19: global travelers opinions on lodging using the latest tech 2020, by country, Percentage of hotel guests that would use an app to order room service worldwide 2020, Percentage of global hotel guests that would use an app to open their room door 2020, Global hotel guests that would use an app to order from hotel restaurants 2020, Cloud-based IT software benefits in the travel/hospitality industry worldwide 2020, Familiarity with cloud computing in the travel/hospitality industry worldwide 2020, Key benefits of cloud computing in the hotel industry worldwide 2020, Hotels transferring to cloud tech in the next two years worldwide 2021, Number of hotel and catering businesses in Bruges (Belgium) 2012-2018, Revenue of the hospitality industry in the Netherlands 2008-2020, Number of hotel and catering businesses in Brussels (Belgium) 2012-2018, Revenue of the hospitality industry in the Netherlands 2016-20120by type, Number of hotel and catering businesses in Lige (Belgium) 2012-2018, Number of hotel and catering businesses in Antwerp city (Belgium) 2012-2018, Volume changes in the leisure industry in the Netherlands 2015-2020, Revenue index of the hospitality industry in the Netherlands 2015-2020, Hospitality sector: VAT rates in Cyprus 2013, Direct employment in hospitality in the United Kingdom (UK) 2016. by sector, Hospitality sector: VAT rates in Croatia 2013, Hospitality sector: VAT rates in Belgium 2013, Distribution of migrant workers in hospitality in the UK 2011-2016, by industry, Consumer usage of foodservices Belgium 2017, by moment of the day, Migrant workforce in the hospitality sector in England 2016, by region, Popular open source positions according to hiring managers worldwide 2020, Global nitrile butadiene rubber latex market value 2019 & 2026, Annual diesel-electric rubber-tired gantry (RTG) crane CO2 emissions 2017, Crocs' retail revenue worldwide 2018-2021, by region, Digitalization of the restaurant industry worldwide, Market size of the hospitality industry worldwide in 2020, with a forecast for 2021 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, revenue per available room of the hotel industry worldwide. Segment by Application - Smart Hospitality Management Market, Enquire before purchasing this report -https://www.researchreportsworld.com/enquiry/pre-order-enquiry/20924634. JAPAN HOSPITALITY INDUSTRY RESEARCH AND ANALYSIS 2018-2025 ($ MILLION), 18. Its provides accommodation, catering, travel agency, tour operator, transport, guide and information service, entertainment and leisure products to the traveler. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Global hotel and resort industry market size worldwide 2013-2023. Our sales representative will reach you shortly with the details. THE SIZE, SCOPE AND DIVERSITY OF HOSPITALITY INDUSTRY. The report further elaborates on scope, size of hospitality industry along with various skills required for the operational roles in the industry. At 10.24% CAGR, Hospitality Market Size Worth $6716.3 The hospitality industry is the supplier of the services for tourism. Hotel and resort industry market size worldwide 2022 | Statista A cruise voyage is a pleasure voyage that takes you to exotic and interesting places; the journey usually includes several activities like music, food, concerts, etc. The Hotel Industry income is affected by real life events because negative outcomes occur, such as less guests stay at the hotel, problems with employees, and hotel income drops dramatically. In that case, the disposable income of the people will recede, and they will travel less, thus affecting the hospitality industry. Statistics for the 2023 Hospitality Industry in the United States market share, size and revenue growth rate, created by Mordor Intelligence Industry Reports. Privacy statement. Hotels- the most important accommodation subsector which provide the greatest total employment within the tourism industry at the global, A brief introduction to hospitality industry can be given as, A service industry which includes many other industries in it like hotels, restaurants, lodges, resorts, tourism, etc. UK Hospitality Market Size & Share Analysis - Industry Research Report Contact the source provider Comtex at editorial@comtex.com. Do you want to check out a section wise price list? Please do not hesitate to contact me. Which region has the largest share in Global Smart Hospitality Management Market? To export a reference to this article please select a referencing style below, You can always rely on us no matter what type of paper you need, Privacy Policy Investments in the hospitality industry rose in 2021, and the industry also recorded positive key performance values. [emailprotected]. | All rights reserved. Since 2000, the region recorded positive growth in revenue, which dropped to USD 133 billion in 2009, due to the global recession, from USD 152 billion in 2008. This cookie is set by GDPR Cookie Consent plugin. Report. Accessed May 02, 2023. https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/, Research and Markets. GLOBAL LODGING RESEARCH AND ANALYSIS 2018-2025 ($ MILLION), 4. The global hospitality industry report is segmented based on food and beverages, travel and tourist, lodging, and recreation. This industry is a major contributor to the GDP of any nation and more for countries that depend on tourism as a major source of income. In 2020, the global hospitality market reached 3486.77 billion U.S. dollars and was forecast to grow to 4132.5 billion U.S. dollars in 2021 at a compound annual growth rate (CAGR) of 18.5 percent. Additionally, since the origin of the COVID-19 outbreak, many cities in the Asia Pacific are on complete lockdown, which is in turn restricting the growth of the hospitality industry. 2.2. [Online]. customized per your requirements. Hospitality refers to the relationship between a guest and a host, wherein the host receives the guest with goodwill, including the reception and entertainment of guests, visitors, or strangers. A complete background analysis of the hospitality industry in the United Kingdom, which includes an assessment of the industry associations, overall economy, emerging market trends by segments, and significant changes in the market dynamics and the market overview, is covered in the report. dollars)." Others than that, this hospitality industry have being focus to others country to develop growth economic. 2023. The MarketWatch News Department was not involved in the creation of this content. "Market Size of The Hospitality Industry Worldwide in 2020, with a Forecast for 2021 (in Billion U.S. The Size And Scope Of The Global Tourism And Hospitality Industry., The Size And Scope Of The Global Tourism And Hospitality Industry [Internet]. The hospitality industry worldwide employs over 255 million people. 3 What is the scope and size of the hospitality industry? The scope of the hospitality industry refers to the range of businesses that provide services and facilities. How much does the hospitality industry contribute to the UK economy? REST OF EUROPE HOSPITALITY INDUSTRY RESEARCH AND ANALYSIS 2018-2025 ($ MILLION), 15. This industry is much broader in terms of comparison. Are you interested in testing our business solutions? Hotel industry worldwide statistics & facts | Statista The Hospitality and Catering sector includes: pubs, bars and nightclubs; restaurants; selfcatering accommodation, holiday centres travel and tourist services; visitor attractions and hotels. To use individual functions (e.g., mark statistics as favourites, set However, September 11 showed the fragility of this industry, that cost the industry much damage. The report offers market size and forecasts for the hospitality industry in the United Kingdom in value (USD Billion) for all the above segments. Register in seconds and access exclusive features. REST OF WORLD HOSPITALITY INDUSTRY RESEARCH AND ANALYSIS 2018-2025 ($ MILLION), 1. EUROPE HOSPITALITY INDUSTRY RESEARCH AND ANALYSIS 2018-2025 ($ MILLION), 9. Statista assumes no This study bestows revenue data by type, and during the historical period (2017-2023) and forecast period (2023-2030). Off-premise catering often involves producing food at a central kitchen, with delivery to and service provided at the clients location. This section covers the major market trends shaping the United States Hospitality Market according to our research experts: The hospitality industry in the United States always managed to score a growing number, over the past few years. All Rights Reserved to Mordor Intelligence. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2030. Ask For Sample Report. These cookies track visitors across websites and collect information to provide customized ads. These institutions provide health care for both the mind and the body. UAE Hospitality Market Size & Share Analysis - Industry Research Report The report also discusses technological trends and new product developments. Statistics for the 2023 Hospitality Industry in the United States market share, size and revenue growth rate, created by Mordor Intelligence Industry Reports. 2. socioeconomic backgrounds. Yet, with its innovative space sharing idea and digitalization technique, it attracted the younger generation and reached a break-even point after a year from its inception. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. liability for the information given being complete or correct. Industries owned by the government or public associated and sole entrepreneurships is called public sector. Then you can access your favorite statistics via the star in the header. The most important key figures provide you with a compact summary of the topic of "Hotel industry worldwide" and take you straight to the corresponding statistics. Most of the growth of hospitality service industry depends on opportunity to develop in the market. A tourist office is an area that provides information to tourists about the attractions of the area, lodge, etc. Who are the key players in the Smart Hospitality Management market? Solidworks Assignment Help | Achieve an A+ with our Expert Aid, 7 Useful Tips for Referencing Academic Assignments. Travel agencies provide assistance and convenience to people traveling to different parts of the country and the world. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces.