Hospitality Market Growth Factors, Latest Trends And Regional Analysis Of Leading Players 2021-2025

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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 Business Research Company offers "Hospitality Global Market Report 2021" 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.

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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.

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

The countries covered in the global hospitality market are 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.

The regions covered in the global hospitality market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Hospitality Market Segmentation:
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

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

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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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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