Press release
Top Factor Driving State Of The Hospitality Market Growth in 2025: Travel And Tourism Surge Driving Growth And Resilience In The Hospitality Market
What combination of drivers is leading to accelerated growth in the state of the hospitality market?The growth of travel and tourism is expected to accelerate the expansion of the hospitality market. Tourism, driven by leisure, business, and cultural interests, increases demand for accommodation, dining, and related services, benefiting the hospitality sector. For instance, in May 2023, UN Tourism reported that international arrivals in the first quarter of 2023 reached 80% of pre-pandemic levels, with tourism receipts in 2022 reaching $1 trillion. This growth is stimulating job creation and economic activity, which is driving the growth of the hospitality market.
Get Your State Of The Hospitality Market Report Here:
https://www.thebusinessresearchcompany.com/report/state-of-the-hospitality-global-market-report
What is the projected compound annual growth rate (CAGR) of the state of the hospitality market from 2025 to 2034, and what factors influence it?
The hospitality market has grown rapidly and is expected to grow from $3981.51 billion in 2024 to $4612.94 billion in 2025, at a CAGR of 15.9%. This growth is due to infrastructure and transportation development, the increasing popularity of experiential travel, expansion of international hotel chains, rising middle-class populations in emerging markets, and higher demand for unique and differentiated experiences.
The hospitality market is expected to grow to $8,206.69 billion by 2029, at a CAGR of 15.5%. Growth factors include higher disposable incomes, digital booking platforms, and the expansion of millennial and Gen Z travel segments. Trends include sustainability, personalization, smart technology integration, and enhanced hygiene practices.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18743&type=smp
How are the latest trends influencing the growth of the state of the hospitality market?
Major companies in the hospitality market are focusing on technological solutions like dynamic pricing and revenue management software to improve operational efficiency, optimize revenue, and offer personalized guest experiences. For example, in February 2023, PriceLabs, a US-based company offering data-driven pricing recommendations for platforms like Airbnb and Vrbo, launched a Spanish-language version of its dynamic pricing software. This update helps Spanish-speaking hoteliers better manage revenue by providing an intuitive interface and real-time market data for informed pricing decisions, enhancing productivity for property managers and hosts in Spanish-speaking regions.
What are the major segments of the state of the hospitality market and their role in driving growth?
The state of the hospitality market covered in this report is segmented -
1) By Services: Accommodation, Food And Beverage, Entertainment And Leisure, Travel And Transportation, Luxury And Boutique, Meeting And Event, Other Services
2) By Type Of Customers: Solo Travelers, Family
3) By Sales Channel: Online Channels, Conventional Channels
Subsegments:
1) By Accommodation: Hotels, Resorts, Motels, Hostels, Bed And Breakfast (B&B), Vacation Rentals (Airbnb), Serviced Apartments, Timeshares, Extended Stay Facilities
2) By Food And Beverage: Quick Service Restaurants (QSR), Full-Service Restaurants, Cafes And Coffee Shops, Catering Services, Bars And Pubs, Fast Casual Dining, Fine Dining, Food Trucks, In-Room Dining, Banquet Services
3) By Entertainment And Leisure: Theme Parks And Amusement Parks, Casinos And Gaming, Movie Theaters, Concert Venues, Sports And Recreation (Golf Courses, Skiing, Hiking), Spas And Wellness Centers, Nightclubs And Lounges, Cultural Events (Theater, Festivals, Concerts), Adventure Tourism And Activities (Diving, Safaris)
4) By Travel And Transportation: Airlines, Cruise Lines, Car Rentals, Rail Transport, Bus And Coach Services, Travel Agencies And Tour Operators, Private Jets And Helicopter Services, Ride-Sharing Services (Uber, Lyft), Shuttle Services, Taxis
5) By Luxury And Boutique: Luxury Hotels, Boutique Hotels, Luxury Resorts, Exclusive Travel Experiences (Private Islands, Luxury Cruises), Designer Spas And Wellness Centers, Personalized Concierge Services, High-End Restaurants, VIP Travel Services
6) By Meeting And Event: Corporate Events, Conferences And Conventions, Exhibitions And Trade Shows, Weddings And Social Events, Banquet Facilities, Event Planning Services, Audio-Visual Services for Events, Conference Rooms And Business Facilities, Incentive Travel Programs
7) By Other Services: Laundry And Dry-Cleaning Services, Tour Guides And Sightseeing, Valet Parking, Concierge Services, Room Service, Shuttle And Transportation Services, Event And Party Planning, Security Services, Personal Assistance Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18743
What regions are leading the charge in the state of the hospitality market?
North America was the largest region in the state of the hospitality market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the state of the hospitality 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 state of the hospitality market?
Major companies operating in the state of the hospitality market are Rosewood Hotel Group Ltd., Marriott International Inc., Four Seasons Hotels Limited, Hilton Worldwide Holdings Inc., Jumeirah International LLC, Hyatt Hotels Corporation, Radisson Hospitality Inc., Accor SA, InterContinental Hotels Group plc (IHG), Kerzner International Holdings Limited, Choice Hotels International Inc., Wyndham Hotels & Resorts Inc., Shangri-La Asia Limited, The Hongkong and Shanghai Hotels Limited, The Ritz-Carlton Hotel Company L.L.C., ONYX Hospitality Group, Belmond Ltd., Mandarin Oriental Hotel Group International Limited, Banyan Tree Holdings Limited, Oberoi Hotels & Resorts, The Indian Hotels Company Limited (Taj Hotels), Langham Hospitality Group Limited, Minor International PCL, Dusit Thani Public Company Limited, Aman Group Sarl
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=18743&type=smp
What Is Covered In The State Of The Hospitality Global Market Report?
•Market Size Forecast: Examine the state of the hospitality market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the state of the hospitality market for a structured understanding.
•Key Players Overview: Analyze major players in the state of the hospitality market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the state of the hospitality market.
•Segment Contributions: Evaluate how different segments drive overall growth in the state of the hospitality market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the state of the hospitality market.
•Industry Challenges: Identify potential risks and obstacles affecting the state of the hospitality market.
•Competitive Landscape: Review strategic developments in the state of the hospitality market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Top Factor Driving State Of The Hospitality Market Growth in 2025: Travel And Tourism Surge Driving Growth And Resilience In The Hospitality Market here
News-ID: 3934371 • Views: …
More Releases from The Business Research Company

Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…

Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…

Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…

Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Services
Managed Services by Ensure Services
Ensure Services is a leading managed services provider offering comprehensive IT support and solutions designed to streamline operations, improve efficiency, and reduce operational costs for businesses of all sizes. Our managed services are tailored to meet the unique needs of your organization, ensuring you can focus on your core business while we handle your IT infrastructure.
With years of experience and a team of certified professionals, we deliver proactive monitoring, ongoing…
Electrical Services Market Next Big Thing | Major Giants SSI Electrical Services …
A new business intelligence report released by AMA with title "Electrical Services Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Electrical Services Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and…
North & South America Commercial Services Market 2022 (Employment Services, Offi …
The Business Research Company’s Commercial Services Global Market Report 2019 covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. Ratios of market size and growth to related markets, GDP proportions, and expenditure per capita for the market is detailed in the report. Data and analysis throughout the…
AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & …
Kunal Repair & Services is growing on-demand home services platform in India and we are currently operating in Gurgaon. We offer an array of services which include AC Services & Repair, Refrigerator Services & Repair, Washing Machine Services & Repair, R.O Services & Repair, Microwave Services & Repair, Geyser Services & Repair. Our operating philosophy for solving this massive problem is - Right price.
To know why we do what we…
Electrical Services Market Technology and Outlook 2023 Top Companies are Allianc …
A report added to the rich database of Qurate Business Intelligence, titled “Global Electrical Services Market Size, Status and Forecast 2023”, provides a 360-degree overview of the worldwide market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the market makes the data reliable in context…
Electrical Services Market Size 2018: Alliance Electrical Services, Housejoy, Te …
In 2017, the global Electrical Services market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025.
This report focuses on the global Electrical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrical Services development in United States, Europe and China.
Get Sample Copy of this report @ http://www.orbisresearch.com/contacts/request-sample/2311492…