Hospitality industry.

Hospitality industry 55% to reach USD 22. Jul 27, 2023 · The hospitality industry is a vital sector in the tourism industry that encompasses a wide range of businesses, including hotels, restaurants, travel agencies, and event planning companies. 76 billion by 2030. Adopting innovations like mobile check-ins, AI-driven personalization, and eco-friendly practices is essential to meet guest expectations and stay competitive. The global hospitality industry market size expanded rapidly in 2024 and will grow substantially by 2032, exhibiting a prodigious CAGR during the forecast period. Hotelier magazine is now produced eight times a year digitally with one print issue (The Who’s Who Almanac including the WOW poster) published annually in October. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Hilton Hotels and Resorts and Gruppo UNA SpA are the major companies operating in this market. 42 billion in 2025 and grow at a CAGR of 4. 12% to reach USD 138. Jun 28, 2023 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. 82 million people working in the hospitality and leisure industry. 4 days ago · Visit Hospitality Net for up-to-the-minute hotel industry news, opinion articles, panel discussions, breaking news, hotel openings, appointments, industry events and conferences and feature stories. 87% to reach USD 313. Bars, cafes, restaurants, hotels, inns, bed and breakfasts, and motels are all part of the hospitality industry. Marriott International Inc. Aug 20, 2021 · The hospitality industry is a broad term that covers various sectors that provide food, lodging, recreation, travel, and events. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments. . as of December 2023. 4 billion hotel industry. are the major companies operating in this market. According to MARA’s survey , when asked about the main challenges their hotel encounters in implementing AI, 30 percent responded with “resistance from staff,” and 59 percent said People go on vacation to leave their day-to-day behind, not their values. The hospitality industry employs more than 300 million people worldwide – that’s nearly 10% of the global population. Apr 14, 2025 · Hospitality companies can adopt best practices for monitoring, evaluating and responding to industry trends. It includes hotels, tourism agencies, restaurants and bars. Jul 31, 2021 · Hospitality industry includes hotels, travel & tourism, health clinic, spa, amusement parks and many more. Hospitality Industry Outlook Report contributors Tourism & Hospitality Industry in India India's tourism and hospitality sector is expected to yield revenue exceeding US$ 59 billion by 2028. 27 billion in 2025 and grow at a CAGR of 5. 83 billion by 2030. Wyndham Hotel Group LLC, Choice Hotels International Inc, Best Western International Inc, Coast Hotels Limited and Marriott International Inc are the major companies operating in this market. This sector includes: Travel agencies The Hospitality Industry In Mexico is expected to reach USD 24. Nov 21, 2023 · The hospitality industry is defined as a broad group of businesses that provide services to customers. Working in Hospitality. This collection of EHL faculty research findings aims to share some essential red threads to help understand the opportunities and challenges at stake in today’s hospitality industry. Compare the hospitality industry across different countries, such as the US, India, and the UK. 81 billion in 2025 and grow at a CAGR of 4. Register for Dbriefs webcasts. Learn how students envision the industry's evolution in four categories: planet, products and services, profit, and people. 87 billion by 2030. Through key insights and analysis, it The Greater Charlotte Hospitality & Tourism Alliance (HTA) has been the premier voice of our region's hospitality & tourism industry since it was established by the leaders of the industry in 1994. 01 billion in 2025 and grow at a CAGR of 7. ) graduates with a hospitality degree can become managers in a variety of departments and sectors, or choose to specialize in one area. , Jinjiang International, Huazhu Hotels Group (Hanting, Joya, and others), BTG Homeinns and GreenTree Hospitality Group are the major companies operating in this market. Marriott International Inc, Accor SA, Hilton Worldwide Holdings Inc, Radisson Hotels and Meliá Hotels International SA are the major companies operating in this market. NEWH is the international community connecting the hospitality industry, providing scholarships, education, leadership development, recognition of excellence, and business development opportunities. Oberoi Hotels & Resorts, The Park Hotel, ITC Hotels, Lemon Tree Hotels and Taj Hotels are the major companies operating in this market. restaurants, cafes, bars, clubs); Travel & tourism (transportation); Events (e. Hospitality companies are generally in a better position than they were a few years ago, when they struggled to find their footing during the pandemic. The hospitality industry saw a strong comeback in 2024, nearing pre-pandemic travel levels with improvements in occupancy rates, daily rates, profitability, and RevPAR. The Hospitality Industry In Italy is expected to reach USD 10. Dec 2, 2024 · The EHL Insights Report: Hospitality Outlook 2025 takes an expert look at five key trends shaping the future of the hospitality industry. The hospitality sector, which is part of the services industry, comprises a broad category of fields. It nearly reached pre-pandemic travel levels and saw improvements across all indicators, including occupancy rates, daily rates, profitability, and RevPAR. Sep 7, 2024 · Learn what is the hospitality industry, how it operates, and what challenges and opportunities it faces. 27% to reach USD 53. Here is a brief overview of the history and development of the hospitality industry: Ancient Times (Before 500 AD) Challenges in the Hospitality Industry. 78 billion by 2030. Mar 28, 2024 · Learn what the hospitality industry is, how it has evolved, and what factors are shaping its growth and challenges. While these fields are different, they often overlap in their duties and goals. The magazine 4 days ago · Visit Hospitality Net for up-to-the-minute hotel industry news, opinion articles, panel discussions, breaking news, hotel openings, appointments, industry events and conferences and feature stories. Real-world client stories of purpose and impact. g. Hospitality Industry Trends Explained. Dec 4, 2024 · History and development of the hospitality industry. 5% over the next 5 years. The Ripple Effect. As predicted, the hospitality industry experienced a robust comeback in 2024. The HTA's leadership has proudly and relentlessly been vital in efforts that have made our region a premier destination. Whether you’re passionate about providing exceptional customer service, crafting culinary masterpieces, or Jun 12, 2020 · The hospitality industry consists of hotels, and other leisure and recreation activities closely linked to travel and tourism i. 24 billion in 2025 and grow at a CAGR of 5. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Wyndham Hotels & Resorts Inc and Rixos Hotels are the major companies operating in this market. It’s about Scholarship, Education, and Business Networking. Explore the main sectors, such as accommodation, food and beverage, travel and tourism, and recreation and entertainment. Dec 18, 2024 · What is the Hospitality Industry? The hospitality industry encompasses businesses that provide services related to lodging, food and beverage, event planning, travel, and recreation. This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in leisure and hospitality. Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. Apr 14, 2025 · If there’s one thing that’s constant in the service-focused hospitality industry, it’s change. 7 %µµµµ 1 0 obj >/Metadata 462 0 R/ViewerPreferences 463 0 R>> endobj 2 0 obj > endobj 3 0 obj >/ExtGState >/Font >/ProcSet[/PDF/Text/ImageB/ImageC/ImageI May 23, 2022 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. What's New. Nov 8, 2023 · Learn what hospitality means, how it started, and what businesses are part of it. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or Feb 8, 2023 · Topics covered in the Hospitality Industry Report. Its focus is to provide customers with unique and satisfactory experiences for a cost. These responsibilities focus on welcoming customers and providing them with pleasant experiences in various types of businesses within the hospitality industry including dining, lodging, events, entertainment, or travel. festivals, concerts, conferences, ceremonies, weddings); Mar 1, 2022 · The global hospitality industry, which includes hotels and other types of accommodations, as well as restaurants, bars, casinos, cruise ships, travel agencies, tour operators, and similar organizations, accounted for roughly $4. Includes: Full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue. IndustryAdvantage™ Commercial, products, and operations transformation for the future of your industry. 35 billion by 2030. The US Hospitality Market is expected to reach USD 247. 70 billion by 2030. This industry is focused on offering comfortable, enjoyable experiences to guests, whether they are staying at a hotel, dining at a restaurant, or engaging in a leis AHLA's State of the Industry Report outlines the forecasted state of the hotel industry in 2021 and into the immediate future. Mar 12, 2025 · However, even with AI transforming the hospitality industry and driving major investments, many hoteliers still remain hesitant to fully embrace the technology. 11 billion by 2030. Engaging customers with themed hospitality experiences - The theory behind a growing consumer trend - experiential hospitality. 45 billion in 2025 and grow at a CAGR of 4. 40 billion by 2030. Mar 31, 2022 · The hospitality sector encompasses a wide range of fields within the service industry, including hotels, event organizing, theme parks, transportation, cruise lines, and other tourism-related fields. AccorHotels, Louvre Hotels Group, B&B Hotels, Brit Hotels and Best Western Hotels & Resorts are the major companies operating in this market. In a sector where success depends on the guest experience and satisfaction, businesses must keep pace with shifting customer expectations and demands, advancements in technology, industry disruptions and intense competition. The human curiosity to gain new knowledge, quest and entertainment, act as medium for the The Hospitality Industry in South Africa is expected to reach USD 1. Jan 23, 2025 · Global Hospitality Data & Industry Statistics. 2 days ago · Through our extensive offerings of print, online and in-person content, we reach senior figures in all areas of the hospitality industry, from development and investment to technology to design and architecture and more, and connect them with the news, research and analysis they need to compete and stay ahead in today’s market. The Hospitality Industry in France is expected to reach USD 21. Strategies focus on inspiring through platforms like Instagram or TikTok, influencing booking decisions, and building credibility through authentic reviews following travellers The Hospitality Industry in South Africa is expected to reach USD 1. Hospitality management is a broad career field that provides many opportunities for international career progression. 5 million by the same year. Based on comprehensive research and expertise from EHL faculty members and the school’s extensive network of industry leaders, it offers a thoughtful perspective on where the industry is heading in the coming years. The main product of the Hospitality Industry is service so, it is also known as service-oriented industry as our primary product is service. [2] The United States boasts a similar percentage, with the Bureau of Labor Statistics reporting 16. The Hospitality Industry In Turkey is expected to reach USD 5. Back then, the definition of hospitality usually meant basic meal and some ale. Jan 30, 2025 · Hospitality management involves all the tasks associated with managing a business in the hospitality industry. These fields include food, drink, theme parks, event planning, camps and RV (recreational vehicle) parks, and lodging (accommodation). Sep 26, 2022 · WORK OPPORTUNITIES IN THE HOSPITALITY INDUSTRY. 83 billion in 2025 and grow at a CAGR of 13. Feb 6, 2024 · Social media remains and strengthens as an essential tool for the hospitality and tourism industry, influencing travel decisions and transforming customer interaction. Explore the four main categories of hospitality: travel and tourism, accommodation, food and beverage, and recreation and entertainment. The perfect antidote to loneliness, many people prefer to buy experiences rather than products. %PDF-1. 10. The hospitality industry is displaying remarkable resilience as it confronts a variety of challenges in 2024. Hospitality is a combination of the activity and business that offers services to customers in hotels, restaurants and bars. As the hotel industry realizes the purpose and profit of fusing service with technology, Deloitte's hospitality insights explore how data can be used to revolutionize the experiences of guests who want to buy into better. Genting Group, Accor SA, Shangri-la Hotels and Resorts, Hilton Worldwide Holdings Inc and Marriott International Inc are the major companies operating in this market. 43% to reach USD 1. Apr 14, 2025 · HOSPITALITY INDUSTRY MARKET OVERVIEW. Sep 1, 1995 · The hospitality industry itself can apply this model in finding solutions to their problems concerning product strategies. Oct 25, 2023 · It operates under Bucketlist Publishing Corporation, a company specializing in industry and trade print media. 70 billion in 2025 and grow at a CAGR of 8. 12% to reach USD 7. The Hospitality Industry In Canada is expected to reach USD 41. Some further research activities showed that the model can be used for Dec 8, 2023 · The Philippine hospitality industry ends 2023 on a positive note with key hotel performance indicators such as room occupancy and room revenues markedly improving over the last three years. Apr 6, 2022 · The hospitality industry has undergone a seismic transformation since 2020. As examples, the F&B Jan 4, 2025 · Hospitality Industry Outlook 2025. e Hotel industry & Travel and Tourism industry. 44 billion by 2030. Jan 3, 2024 · In conclusion, the hospitality industry's outlook for FY 2024 promises a tapestry of innovation, sustainability, culinary delights, flexible travel trends, wellness prioritisation, personalised services through data-driven insights, AI and robotics integration, social media as an engagement catalyst, and the groundbreaking frontier of neurohospitality. Explore the key statistics, trends, and insights from experts and leaders in the sector. Some of these fields within the service industry include hotels, restaurants, resorts, cruise ships, and more. Learn about the definition, sectors, and trends of the hospitality industry, which includes lodging, food and beverage services, event planning, and tourism. Jan 5, 2023 · The hospitality industry encompasses a variety of establishments and services that focus on providing hospitality, or hospitality, to guests. It plays a significant role in the global economy, contributing to job creation and tourism development. Get ahead with unlimited access to the latest industry news and exclusive insights into the Irish hospitality, food service, and on-trade drinks sectors. The hospitality industry is rapidly evolving, driven by technology, sustainability, and the demand for personalized guest experiences. One of the most significant ones is the ongoing labor shortage, with over two-thirds of hotels reporting difficulty in attracting and retaining staff. As examples, the F&B How will hotel companies improve the guest experience, create a happier workforce, and help fight climate change? Five of McKinsey’s travel and hospitality experts—Margaux Constantin, Vik Krishnan, Matteo Pacca, Steve Saxon, and Caroline Tufft—envision the hotel industry of the 2030s. This period of change is set to continue through 2022 and 2023, with shifts in demographics and technology, and the post Apr 25, 2025 · Gecko Hospitality Management Recruitment agency specializes in hotel & restaurant management recruiting. 54% to reach USD 14. There are several sectors of the hospitality industry, such as food, lodging and entertainment. Mar 23, 2025 · The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. The Hospitality Industry In India is expected to reach USD 281. Jan 26, 2022 · As an industry, the hospitality industry was born out of casual arrangements between locals and weary travelers looking for a safe place to rest their horses and lay their heads. 5 trillion in consumer spending during 2020 (Hospitality Global Market Report, 2020). Since debuting in 1989 as a quarterly publication, the magazine has grown and evolved into the authoritative voice of the dynamic $16. To overcome this, hotels are offering higher Mar 26, 2025 · What is the hospitality industry? The hospitality industry is a career field that relates to serving customers. 9 trillion in 2024, driven by increased travel demand and technological innovations. [3] What is the meaning / definition of the Hospitality Industry? The Hospitality Industry is part of the service industry and is comprised of 5 major sub-sectors which include: Food & Beverage (e. The Hospitality Industry in Malaysia is growing at a CAGR of greater than 6. Grupo Posadas, InterContinental Hotels Group, Marriott International, Cityexpress Hoteles and Grupo Real Turismo are the major companies operating in this market. The hospitality industry is a vast and dynamic sector that offers a wide range of career paths for individuals with diverse skills and interests, including niche careers in hospitality. 96% to reach USD 541. The Hospitality Industry In China is expected to reach USD 93. Forbes 2023 list of America’s Best Executive Recruiting Firms. 14 billion in 2025 and grow at a CAGR of 1. This shift marks the end of recovery and the beginning of a new era of growth and innovation. These casual stays then evolved to become more than just a place to stay. Moreover, Foreign Tourist Arrivals (FTAs) are forecasted to hit 30. Feb 18, 2025 · The ancillary hospitality sector is a diverse and crucial component of the broader hospitality industry, made up of a range of services that enhance and support the core offerings of primary hospitality businesses, like hotels. 57% to reach USD 31. Aside from Travel Update Philippines, Bucketlist publishes Hospitality News Philippines, a fortnightly publication covering hotel and foodservice trade. In the core of the hospitality industry alone (hotels, events, restaurants, etc. The evolution of the hospitality industry demonstrates how combining traditional values with modern innovations creates exceptional guest experiences that drive business success. Dec 17, 2024 · The global hospitality market is projected to grow to $4. Learn about the five main sectors of the hospitality industry and their common businesses, services, and amenities. xclsjoja xrttbdw jtuijj nhh gtlmgp bvrpe yiyt mviuk zlvxzq dokll wlobkeh qtfmjy cvpiq bjaror qzdf