Global Hospitality Buildings Market Analysis 2025-2030: Growth Drivers, Challenges, And Opportunities

The Hospitality Buildings Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Hospitality Buildings Market?
In recent times, the size of the hospitality buildings market has seen a steady increase. It's estimated to expand from $81.62 billion in 2024 to reach $85.57 billion in 2025, marking a compound annual growth rate (CAGR) of 4.8%. Factors contributing to growth during the historic period include economic augmentation and shifting travel trends, the impact of globalization and international tourism, the surge in urbanization and population scales, and evolving cultural and lifestyle changes. Additionally, the appearance of boutique and niche accommodations also has had a significant role to play.

Anticipated continuous expansion is predicted for the hospitality buildings market over the coming years, with an estimated value of $103.44 billion in 2029, suggesting a compound annual growth rate (CAGR) of 4.9%. Factors contributing to growth over this period include sustainable and environment-friendly practices, emphasis on health and safety, crisis management and flexible approaches, inclusive design for accommodating diverse travel requirements, alongside the adoption of regenerative tourism practices. Foreseeable trends for this period encompass the incorporation of technology for enhancing guest experiences, advancements in the domain of guest services technology, integration of contactless technology, amenities focusing on wellness, and spaces that offer adaptability and flexibility.

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What Are the Different Hospitality Buildings Market Segments?
The hospitality buildings market covered in this report is segmented -

1) By Hotel Type: Business Or Commercial Hotels, Boutique Hotels, Resort Hotels, casino* Hotels, Transit Hotels, Bed And Breakfast Hotels, Other Types
2) By Price Level: Luxury, Upscale, Midscale, Economy
3) By Room Capacity: Small, Medium, Large, Mega
4) By Business Model: Individual, Chain

Subsegments:
1) By Business Or Commercial Hotels: Full-Service Hotels, Limited-Service Hotels
2) By Boutique Hotels: Luxury Boutique Hotels, Economy Boutique Hotels
3) By Resort Hotels: Beach Resorts, Mountain Resorts, Spa Resorts
4) By casino* Hotels: Integrated casino* Resorts, Standalone casino* Hotels
5) By Transit Hotels: Airport Hotels, Train Station Hotels
6) By Bed And Breakfast Hotels: Traditional, Modern
7) By Other Types: Extended Stay Hotels, Hostels, Vacation Rentals

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What Are the Primary Drivers Shaping the Hospitality Buildings Market?
The expected escalation of the hospitality buildings market is being propelled by the rapid expansion of the travel and tourism industry. This industry, which provides crucial services and products to travelers, contributes significantly to the performance of hospitality firms. Increasing tourism boosts business, escalates sales, and improves profits for these entities. As vital components of the travel and tourism industry, hospitality buildings offer meals, short-term accommodations, and other services to tourists and travelers. The surge in tourism and travel, thus, catalyzes the construction of more hospitality buildings. For instance, a report by the US-based commercial real estate services and investment firm, Coldwell Banker Richard Ellis (CBRE) Group, from February 2023, indicated that all aspects of hotel real estate fundamentals witnessed year-over-year growth in Q4 2022. There was a 3.6% increase in demand and occupancy, a 16.2% rise in revenue per available room (RevPAR), and a 12.1% growth in the average daily rate (ADR). Additionally, in March 2023, according to the UK's Civil Aviation Authority, UK air travel soared dramatically in 2022 with over 224 million passengers flying to and from UK airports. The remarkable increase in corporate (GDS) and group reservations by 30% and 18% respectively contributed to the overall 4% growth in bookings compared to the previous year. As such, the fast-paced expansion of the travel and tourism industry is propelling the growth of the hospitality buildings market.

Which Companies Are Leading in the Hospitality Buildings Market?
Major companies operating in the hospitality buildings market include Turner Construction Company, AECOM, Balfour Beatty Construction, STO Building Group, The Whiting-Turner Contracting Company, Gilbane Building Company, JE Dunn Construction Group, Hensel Phelps Construction Company, DPR Construction Inc., HITT Contracting Inc., Brasfield & Gorrie LLC, Clark Construction Group LLC, Mortenson Inc., PCL Constructors Inc., McCarthy Holdings Inc., Suffolk Construction Company, The Yates Companies, Gray Construction Inc., Robins & Morton Inc., Sundt Construction Inc., Swinerton, W.E. O'Neil Construction Co., Hoffman Construction Company, Messer Construction Company, Skanska USA Civil Inc., The Beck Group Inc., Pepper Construction Company, Webcor Builders LLC, Layton Construction Company LLC, Clayco Inc., Hoar Construction LLC, Weis Builders Inc.

What Are the Major Trends Shaping the Hospitality Buildings Market?
The focus on product enhancements emerges as a salient trend in the realm of hospitality building sector. To solidify their stand in the market, premier market participants are devoting attention to new architectural inventions. Take for an example, in January 2023, Volumetric Building Companies, an American construction company specialized in modular housing, made their debut with a modular prototype of a fresher hotel structure. This prototype aims at allowing the Fairfield by Marriott brand to rapidly propagate across Europe. The use of this revolutionary modular technology will be a boon for developers, enabling them to expedite construction, enhance acoustics by limiting noise dispersion between modules, and augment the overall quality.

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What Are the Top Revenue-Generating Geographies in the Hospitality Buildings Market?
North America was the largest region in the hospitality buildings market in 2024. The regions covered in the hospitality buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hospitality Buildings Market?
2. What is the CAGR expected in the Hospitality Buildings Market?
3. What Are the Key Innovations Transforming the Hospitality Buildings Industry?
4. Which Region Is Leading the Hospitality Buildings Market?

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