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Global Hospitality Market 2021 | Statistical Data Analysis, Estimated Yield, Growth Analysis, Major Key Players: McDonald's, Compass Group Plc, Starbucks
Hospitality Market
The hospitality market report describes and explains the global hospitality market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
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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. The hospitality market is segmented into non-residential accommodation services and food and beverage services.
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%.
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Some of the major players of the hospitality market are McDonald's, Compass Group Pl, 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.
The global hospitality market is segmented -
1) By Type: Non-Residential Accommodation Services, Food And Beverage Services
2) By Ownership: Chained, Standalone
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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
…
21.Hospitality Market Competitive Landscape
22.Key Mergers And Acquisitions In The Hospitality Market
23.Recommendations
24.Appendix
25.Copyright And Disclaimer
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