Press release
HoReCa Market to Reach USD 3.75 Trillion by 2029, emerging at a CAGR of 3.64 percent and forecast 2023-2029
HoReCa Market
The analysis is grounded in a meticulous research methodology, ensuring accuracy and reliability. To gain insights into market dynamics, a combination of quantitative and qualitative approaches was employed, incorporating industry data, surveys, and expert opinions.
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What are HoReCa Market Dynamics:
The HoReCa market, encompassing hotels, restaurants, and catering, is closely intertwined with the tourism industry. As tourism flourishes, so does the demand for HoReCa services, creating a symbiotic relationship that benefits both sectors.
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HoReCa Market Regional Insights:
With over 48% market share in 2022, the Asia-Pacific (APAC) region dominates the global HoReCa market. Factors such as a massive population, urbanization, and rising disposable incomes propel APAC's position as a HoReCa powerhouse. The region's hospitality sector benefits from international tourism, technological advancements, and a burgeoning middle class.
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What is HoReCa Market Segmentation:
by Type
Single outlet
HoReCa chain
by Services
Restaurants
Hotels
Cafes and pubs
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Who are HoReCa Market Key Players:
1. Chick fil A Inc.
2. Dominos Pizza Inc.
3. Hilton Worldwide Holdings Inc.
4. Hyatt Hotels Corp.
5. Inspire Brands Inc.
6. InterContinental Hotels Group Plc, ITC Ltd.
7. Jack in the Box Inc.
8. Little Caesar Enterprises Inc.
9. Marriott International Inc.
10. McDonald Corp.
11. Papa Johns International Inc.
12. Performance Food Group Co.
13. Restaurant Brands International Inc.
14. Starbucks Corp.
15. Tata Sons Pvt. Ltd.
16. The Coca Cola Co.
17. Pizza Hut
18. The Wendys Co.
19. Wyndham Hotels and Resorts Inc
20. YUM Brands Inc.
Table of content for the HoReCa Market includes:
Global HoReCa Market: Research Methodology
Global HoReCa Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global HoReCa Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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๐๐จ๐๐๐๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ข๐ฌ๐๐ ๐๐จ๐ซ ๐๐ข๐ ๐ง๐ข๐๐ข๐๐๐ง๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฒ ๐๐๐๐
The global HoReCa (Hotels, Restaurants, and Catering) market is on a robust growth trajectory, with its size valued at USD 3.02 trillion in 2023. Projections indicate a compound annual growth rate (CAGR) of 3.64% from 2024 to 2030, anticipating the market to reach approximately USD 3.88 trillion by 2030.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง
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