Hospitality Market Share, Types, Application, Global Industry Growth, Demands And Opportunity, Major Players - McDonald's; Compass Group Plc; Starbucks;

The Business Research Company offers " Hospitality Global Market Report 2020-30: Covid 19 Impact and Recovery " in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global hospitality market is expected to decline from $4623.2 billion in 2019 to $4516.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.4%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $5593 billion in 2023.

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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.

Major hotel brands are employing digital hotel room keys to increase guest convenience. Smart room access systems allow guests to unlock their doors by simply swiping their phones across a keyless pad on the door. Using a smart phone key eliminates problems in the event of key loss or demagnetization of the plastic key card.

Hospitality Market Segmentation: -
By Type
1. Non-Residential Accommodation Services
2. Food And Beverage Services

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Hospitality Market Characteristics
4. Hospitality Market Product Analysis
5. Hospitality Market Supply Chain
……………
20. Hospitality Market Competitive Landscape
21. Key Mergers And Acquisitions In The Hospitality Market
22. Recommendations
23. Appendix

The report covers the trends and market dynamics of the hospitality market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the hospitality market are McDonald's; Compass Group Plc; Starbucks; Subway; Marriott International

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