Emerging Trends to Reshape the Hospitality Buildings Market: Innovative Modular Hotel Architecture To Redefine The Hospitality Buildings Market as a Key Influencer

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Hospitality Buildings Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, the market size of hospitality buildings has seen a consistent increase. The market which was valued at $79.5 billion in 2024 will expand to reach $82.29 billion in 2025, boasting a compound annual growth rate (CAGR) of 3.5%. Factors such as economic upturns and emerging travel trends, the influence of globalization on international tourism, the rise in urbanization and population, shifts in culture and lifestyle and the rise of boutique and specialized accommodations, have significantly contributed to its progression in the historic period.

Hospitality Buildings Market Size Forecast: What's the Projected Valuation by 2029?
The market size of hospitality buildings is projected to experience consistent growth in the upcoming years, expanding to a value of $99.32 billion in 2029 with a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this growth over the forecasted period include sustainable and eco-friendly approaches, health and safety measures, resilience in times of crisis, the ability to adjust, designs that cater to a wide range of traveler requirements, and practices promoting regenerative tourism. Technological incorporation for superior guest experiences, advancements in developing guest services, the use of contactless technology, amenities prioritizing health and wellness, and flexible, adaptable spaces are among the dominant trends during the forecast period.

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What Are the Drivers Transforming the Hospitality Buildings Market?
The burgeoning trend in the travel and tourism sector is anticipated to drive expansion in the market for hospitality buildings. The concept of the travel and tourism industry encompasses the provision of essential goods and services to those on the go. A rise in tourism has the potential to stimulate commerce, boost revenue and magnify profits, thereby improving the monetary status of companies in the hospitality sector. These buildings are integral to both sectors as they offer meals, temporary accommodations and other services to visitors such as tourists and travelers. Consequently, an increase in the number of tourists and travelers is likely to fuel the development of more hospitality structures. For example, a report from the Coldwell Banker Richard Ellis (CBRE) Group, a U.S.-based company offering services and investments in commercial real estate, showed in February 2023 that in the last quarter of 2022, all factors associated with hotel real estate saw a year-over-year increase. Demand, occupancy, revenue per available room (RevPAR), and average daily rate (ADR) rose by 3.6%, 3.6%, 16.2%, and 12.1%, respectively. Additionally, the UK Civil Aviation Authority, a statutory authority based in the UK, reported in March 2023 that air travel in the UK saw a significant rise in 2022, with more than 224 million passengers using UK airports. Factors contributing to the increase in the overall number of bookings, which grew by around 4% from the previous year, include a 30% and 18% rise in corporate (GDS) and group reservations respectively. Thus, the robust growth of the travel and tourism sector is fueling the expansion of the hospitality building market.

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What Are the Key Trends Driving Hospitality Buildings Market Growth?
One significant trend that is gaining traction in the hospitality buildings market is product innovation. Primary players in the market are diligently focusing on creating new building architectures in a bid to consolidate their market standing. As an illustration, in January 2023, the US-based construction firm specializing in modular housing, Volumetric Building Companies, introduced the first modular prototype of a novel hotel architecture. This was aimed at accelerating the expansion of the Fairfield by Marriott brand, a hotel chain, across Europe. The adoption of this cutting-edge modular technology promises to aid developers in surmounting some of their challenges, such as speeding up construction, enhancing acoustics with diminish noise transfer between modules, and quality enhancement.

Which Segments in the Hospitality Buildings Market Offer the Most Profit Potential?
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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Which Firms Dominate the Hospitality Buildings Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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.

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