Press release
Digital Innovations In The HoReCa Market Trend: A Crucial Influence on the Hotels, Restaurants And Catering (HoReCa) Market's Transformation in 2025
Hotels, Restaurants And Catering (HoReCa)
The growth of construction activities is anticipated to boost the hotels, restaurants, and catering (HoReCa) market. The expansion of construction is driven by economic progress, urbanization, and various governmental policies. The HoReCa sector plays a vital role in construction by providing essential services like accommodation and catering, which support worker productivity and project management, enhancing the overall success of construction projects. For instance, in 2022, annual new construction orders in the UK surged by 11.4%, reaching a historic £80.837 billion ($102.16 billion), as reported by the Office for National Statistics (ONS). Therefore, the increase in construction activities is fueling growth in the HoReCa market.
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What is the projected compound annual growth rate (CAGR) of the hotels, restaurants and catering (horeca) market from 2025 to 2034, and what factors influence it?
The hotels, restaurants, and catering (HoReCa) market will grow from $3,103.6 billion in 2024 to $3,325.32 billion in 2025 at a CAGR of 7.1%. Growth is driven by tourism expansion, middle-class growth, online booking adoption, corporate events, themed restaurants, and health-conscious dining trends.
The Hotels, Restaurants, and Catering (HoReCa) Market is projected to grow to $4324.75 billion by 2029, at a CAGR of 6.8%. Growth is driven by increasing health awareness, expansion of luxury hotel chains, food festival popularity, and rising corporate travel. Major trends include smart kitchen appliances, online ordering systems, energy management solutions, plant-based menus, and enhanced food delivery services.
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How are the latest trends influencing the growth of the hotels, restaurants and catering (horeca) market?
In the HoReCa (Hotels, Restaurants, and Catering) market, companies are adopting innovative solutions like HACCP digital tools to improve food safety and operational efficiency. HACCP (Hazard Analysis Critical Control Point) ensures food safety by identifying and managing risks during food production. In March 2024, SATO Europe GmbH, a German auto-ID and data collection company, launched a digital HACCP solution designed for the HoReCa sector. This platform enables real-time monitoring, data analytics, and customizable controls to improve food safety and regulatory compliance across the industry.
What are the major segments of the hotels, restaurants and catering (horeca) market and their role in driving growth?
The hotels, restaurants and catering (HoReCa) market covered in this report is segmented -
1) By Type: Single Outlet, HoReCa Chain
2) By Price Level: Luxury, Upscale, Midscale, Economy
3) By Service: Hotels, Restaurants, Cafes And Pubs
Subsegments:
1) By Single Outlet: Independent Hotels, Standalone Restaurants, Independent Catering Services, Boutique Hotels And Guesthouses
2) By Horeca Chain: Hotel Chains, Restaurant Chains, Catering Chains, International Hospitality Brands
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Which regions are key players in the growth of the hotels, restaurants and catering (horeca) market?
Asia-Pacific was the largest region in the hotels, restaurants and catering (HoReCa) market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hotels, restaurants and catering (HoReCa) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the hotels, restaurants and catering (horeca) market?
Major companies operating in the hotels, restaurants and catering (HoReCa) market are Performance Food Group Inc., The Coca-Cola Company, Starbucks Corporation, Inspire Brands Inc, Burger King Corporation, McDonald's Corporation, Marriott International Inc., Chick-fil-A Inc, Little Caesar Enterprises Inc., Hilton Worldwide Holdings Inc, ITC Limited, Costa Limited, KFC Corporation, Hyatt Hotels Corporation, Domino's Pizza Inc., InterContinental Hotels Group PLC, Papa John's International Inc., The Wendy's Company, Jack in the Box Inc., Tata Consumer Products Limited, Wyndham Hotels & Resorts Inc, Pizza Hut LLC, Jubilant FoodWorks Limited, Subway IP LLC
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What Is Covered In The Hotels, Restaurants And Catering (HoReCa) Global Market Report?
•Market Size Forecast: Examine the hotels, restaurants and catering (horeca) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the hotels, restaurants and catering (horeca) market for a structured understanding.
•Key Players Overview: Analyze major players in the hotels, restaurants and catering (horeca) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the hotels, restaurants and catering (horeca) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the hotels, restaurants and catering (horeca) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the hotels, restaurants and catering (horeca) market.
•Industry Challenges: Identify potential risks and obstacles affecting the hotels, restaurants and catering (horeca) market.
•Competitive Landscape: Review strategic developments in the hotels, restaurants and catering (horeca) market, including expansions, agreements, and new product launches.
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