Hospitality Market Report (2018-2022) : Market Size, Growth, Trends, Segmentation and Forecast

The hospitality market covers sales of lodging and dining services. The hospitality industry comprises businesses that provide customers with lodging, prepared meals, snacks and beverages for immediate consumption. It includes both accommodation and food service establishments as these two activities are often combined at the same establishment.

View complete Report: https://www.thebusinessresearchcompany.com/report/hospitality-market

The global market for hospitality is highly fragmented. The top ten competitors in the global hospitality market made up around 4% of the total market in 2018. Major players in the market include Compass Group PLC, Marriott International, Starbucks Coffee, Subway, Sodexo, Aramark Corporation, McDonald's, Hilton Worldwide, Chick-fil-A, Elior Group.

China, Japan, India, Australia, USA, Brazil, UK, Germany, France, Spain, Italy, Russia

The Hospitality market is expected to grow at a CAGR of around 8% to nearly $5,891 billion by 2022.

Growth in the historic period resulted from improved earning capacity, emerging markets growth, travel, and tourism. Going forward, economic growth in developed nations, and technological development will drive growth. Factors that negatively affected growth in the historic period were talent crunch in emerging Asia, online travel agencies (OTAs) increasing power, slow growth in Asia and low customer retention. Factors that could hinder the growth of this market in the future are increasing preference for healthy food options, security concerns, and government regulations.

Request a Sample Report At: https://www.thebusinessresearchcompany.com/sample.aspx?id=2356&type=smp

Economic Growth - The market is expected to benefit from steady economic growth forecast for many developed and developing countries. This continued economic growth is expected to be a driver of the Hospitality market as increasing disposable incomes and greater affluence will allow consumers to increase their spending on recreational activities such as Hospitality.

Changing Consumer Hospitality Habits - The Hospitality market is expected to be driven by the changing Hospitality habits of consumers. The increasing popularity of Hospitality apps and social Hospitality will propel the growth of the market in the forecast period.

With the improved earning capacity, emerging markets growth, travel, and tourism, the potential and scope for the global hospitality market is expected to increase.

Avail DISCOUNT on this research Report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2356&type=discount

The Business Research Company
47 Anchorage Point,
42 Cuba Street, Canary Wharf,
London, England,
E14 8NE.
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

About the company:
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

This release was published on openPR.