Press release
Hospitality Market 2022-2031: In-Depth Analysis and Future Forecast | Top Key Players are Compass group plc, Starbucks, Sodexo, Marriott International, Aramark corporation
Hospitality Market
The regions covered in the Hospitality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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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.
Key competitors in the hospitality market include Compass group plc, Starbucks, Sodexo, Marriott International, Aramark corporation, McDonald's, Darden Restaurants, McDonald's, Darden Restaurants, Yum China Holdings Inc., Chipotle and Berkshire Hathaway Inc.
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The global hospitality market size is expected to grow from $3,952.87 billion in 2021 to $4,548.42 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The growth in the hospitality market 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 hospitality market is expected to reach $6,715.27 billion in 2026 at a CAGR of 10.2%.
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TBRC’s report segments the global hospitality market:
1) By Type: Non-Residential Accommodation Services, Food And Beverage Services
2) By Ownership: Chained, Standalone
Read further on the Hospitality market here:
https://www.thebusinessresearchcompany.com/report/hospitality-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Hospitality Market Characteristics
3. Hospitality Market Trends And Strategies
4. Impact Of COVID-19 On Hospitality Market
5. Hospitality Market Size And Growth
.....
27. Hospitality Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hospitality Market
29. Hospitality Market Future Outlook And Potential Analysis
30. Appendix
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