Hospitality Market - Comprehensive Analysis, Key Players, Emerging Trends And Business Strategies - Compass group plc, Starbucks, Sodexo, Marriott International, Aramark corporation

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the hospitality market report by The Business Research Company, the hospitality market growth is aided by stable economic growth forecasted in many developed and developing countries. According to the International Monetary Fund (IMF), the global GDP growth reached 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Thus, stable economic growth is expected to drive the market during the forecast period.

The global hospitality market grew from $4,390.59 billion in 2022 to $4,699.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The hospitality market is expected to grow to $5,816.66 billion in 2027 at a CAGR of 5.5%.

Read More On The Hospitality Market Report Here:
https://www.thebusinessresearchcompany.com/report/hospitality-global-market-report

Major competitors in the hospitality market include 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.

The hospitality market is segmented -

• By Type: Non-Residential Accommodation Services, Food And Beverage Services

• By Ownership: Chained, Standalone

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the hospitality market.

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The hospitality market includes revenues earned by entities by providing accommodation and food services such as lodging and/or preparing 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 market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The Table Of Content For The Hospitality Market Include:
1. Executive Summary
2. Hospitality Market Characteristics
3. Hospitality Market Trends And Strategies
4. Hospitality Market - Macro Economic Scenario
5. Hospitality Market Size And Growth
6. Hospitality Market Segmentation
………………
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

The "Global Hospitality Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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