The United States Hospitality Market Report is Segmented by Chain Scale (Luxury, Upper Upscale, Upscale, and More), by Type (Service Apartments, Budget & Economy Hotels, and More), by Service Model (Full-Service, Select-Service, and More), by End-User, by Distribution Channel, by Ownership & Management Model, by Property Size, and by Region. The Market Forecasts are Provided in Terms of Value (USD).

The market size of the hotel and resort sector worldwide reached *** trillion U.S. dollars in 2024. This showed almost ***** percent growth over the previous year's figure of **** trillion U.S. dollars. What are the leading hotel brands globally? In 2024, among hotel brands with the highest brand values globally were industry giants like Hilton, Hyatt, and Hampton Inn. Hilton was reported to have a brand value exceeding **** billion U.S. dollars. However, while Hilton led brand value, Wyndham hotels and resorts claimed the top spot for the hotel company with the largest number of properties worldwide, boasting over **** thousand hotels globally, while Hilton ranked fourth. Hotel booking behavior of global travelers In 2023, hotel booking growth worldwide peaked in January and February, surpassing *** percent - there was also a notable increase in hotel booking growth during the summer months of June and August. As of 2024, Vietnam and China stood out as the countries with the highest share of consumers booking hotels or private accommodation. Meanwhile, countries with the lowest share of hotel and private accommodation bookings were Hungary and Pakistan.

United States Hospitality Industry Market size was valued at USD 15.31 Billion in 2024 and is projected to reach USD 23.68 Billion by 2031, growing at a CAGR of 5.6% from 2024 to 2031.United States Hospitality Market DriversThe market drivers for the United States Hospitality Market can be influenced by various factors. These may include:Economic conditions: The hotel industry is strongly impacted by the nation's overall economic health, which includes variables like GDP growth, employment rates, and consumer spending. People travel more and spend more on hotel services when the economy is doing well.Travel trends: The demand for hospitality services in particular locations may be influenced by shifting travel patterns, such as an increase in domestic or international travel, the rise of bleisure travel (combining business and leisure vacations), and the popularity of particular places.Technological developments: To improve customer experiences, increase operational efficiency, and customize services, the hotel sector is progressively implementing technology. Keyless entrance, personalized recommendations, and smartphone check-in are examples of trends that can affect customer preferences.Regulatory environment: The hospitality sector may be impacted by government laws and regulations, such as those pertaining to taxes, labor laws, and visa requirements. The competitiveness of the market and operating expenses might be impacted by regulatory changes.Consumer preferences: Shifts in the hospitality business can be driven by changes in consumer preferences, which can affect the kinds of services and amenities that are in demand. Examples of these shifts include a growing interest in wellness tourism, sustainable travel, or unique experiences.Rivalry: Pricing strategies and client loyalty may be impacted by the degree of rivalry in the hospitality industry, which includes the existence of well-known brands, fresh competitors, and alternative accommodation options like Airbnb.Global crises and events: The hospitality industry may be significantly impacted by events like health pandemics, natural disasters, geopolitical unrest, or economic downturns, which can alter demand and travel patterns.

The United Kingdom’s hotel market ranges from renowned 5-star and luxury hotels to major national budget brands. In 2024, the market size of the hotel industry in the UK was valued at approximately **** billion British pounds, down from the previous year's total of **** billion British pounds. In 2025, the market size of this industry was forecast to increase by around *** million British pounds. How high is the UK’s hotel occupancy rate? The monthly hotel occupancy rate in the UK reached ** percent in March 2025. While this figure was a slight decrease from the same month in the previous year, it was significantly higher than in the years 2020, 2021, and 2022. In March 2020 and 2021, the country's hotel occupancy rate had fallen to ** percent and ** percent, respectively. The low occupancy rate during 2020 and 2021 was due to the impact of the coronavirus (COVID-19) pandemic which greatly limited travel and tourism across the globe. Who are the key players in the UK hotel industry? During the 2023/24 financial year, Whitbread’s annual revenue amounted to **** billion British pounds. Whitbread is a UK multinational leisure and hospitality company, best known as the owner of the Premier Inn hotel brand which can be found across the country. Meanwhile, the gross revenue of Holiday Inn hotels worldwide totaled *** billion U.S. dollars in 2024. Holiday Inn is a brand of hotels owned by the British company InterContinental Hotels Group.

The India Hospitality Market Segmented by Type (Chain Hotels, Independent Hotels, and Others), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and Others), Booking Channel (Direct Digital, Online Travel Agencies (OTAs), and Others), Geographic Region (North India, West India, and Others). The Market Forecasts are Provided in Terms of Value (USD).

This statistic shows the global hotel industry market size from 2014 to 2018. The retail value of the global hotel industry was ****** billion U.S. dollars in 2018.

Global hotel industry - additional information

The global hotel industry comes under the umbrella of the travel and tourism industry, an industry which contributed **** trillion U.S. dollars to the global economy in 2018. Travelers who are on the road for more than a day need a place to sleep and rest - there are various types of lodging across the world to accommodate for this.

The global occupancy rate (the share of total rooms available which are occupied or rented at a given time) of hotels in most regions increased over the previous five years. Europe had the highest occupancy rate in 2018 at **** percent, closely followed by the Asia Pacific region with **** percent. In the same year, the Middle East and Africa were the most expensive region for hotels with an average daily rate of ****** U.S. dollars. The cheapest region for the last five years was Asia Pacific.

[226+ Pages Report] The global Hospitality market size is expected to grow from USD 3953 billion in 2021 to USD 6716.3 billion by 2028, at a CAGR of 10.24% from 2022-2028

The smart hospitality market SURGES from USD 19.4B in 2024 to reach extraordinary USD 58.7B by 2034, accelerating at a remarkable CAGR of 11.7% with revolutionary guest experiences.

As per Cognitive Market Research's latest published report, the Global Hotel market size was $XX Billion in 2024 and it is forecasted to reach $1,126.04 Billion by 2030. Hotel Industry's Compound Annual Growth Rate was 5.29% from 2023 to 2030.

North America held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
Asia-Pacific held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024 

Market Dynamics: Key Drivers

The growing hospitality industry has resulted in a rising number of restaurants and driving the market for Hotels

The growing hospitality industry, particularly the rising number of restaurants, is a significant driver for the hotel market, creating a symbiotic relationship where the success of one often fuels the growth of the other. Hotels with diverse and high-quality in-house dining options offer immense convenience to guests. Travelers, whether on business or leisure, appreciate not having to leave the hotel premises to find a good meal. A wide range of dining choices caters to different tastes and dietary needs, making the hotel more attractive.

Additionally, beyond overnight guests, excellent restaurants attract residents, drawing foot traffic to the hotel. This creates a vibrant atmosphere and can position the hotel as a culinary destination, even for those not staying there. This "staycation" trend or local patronage contributes to the hotel's overall revenue and brand visibility. The concept of a "staycation" involves locals opting for a short, leisure break in their own city or a nearby area, often seeking a blend of relaxation and indulgence. Hotels with strong F&B offerings are perfectly positioned to capture this market. Locals might book an overnight stay simply to enjoy the hotel's spa, pool, and, crucially, its high-quality restaurants and bars without the hassle of long-distance travel. This trend surged during the pandemic and has since solidified as a preferred leisure activity.

https://www.digigoyatra.com/blog/why-staycations-are-becoming-the-new-travel-trend-in-india

Market Restraint

The intensifying competition in the industry hinders the growth of the Hotel Market

The market is highly competitive, not only among traditional hotel chains, independent, boutique, but also increasingly with the rise of short-term rental platforms, like Airbnb. These alternatives offer diverse experiences and price points, putting pressure on traditional hotels. This has led to higher consumer expectations than ever for personalized experiences, seamless technology, exceptional service, and value for money, forcing businesses to constantly innovate and invest.

Moreover, to cater to the needs of a wide range of customers, large hotel chains constantly launch new sub-brands for instance, Marriott has launched numerous brands like Moxy, Element, and Autograph Collection to target increasingly niche traveler segments. This means more options for consumers within the same loyalty program, but also more direct competition for individual hotel properties.

In conclusion, intensifying competition, fueled by the rise of alternative accommodations, ever-increasing guest expectations, and pervasive price transparency, is a formidable restraint on the hospitality market. It forces hotels to constantly evolve, invest, and differentiate themselves not just on price, but crucially, on the quality of the experience they deliver. Introduction to the Hotel Market

Hotels have existed since very ancient times to serve merchants and other travelers. A hotel is a managed building or establishment that provides guests with a place to stay overnight, on a short-term basis, in exchange for money. The precise features and services provided to guests can vary quite drastically from one hotel to another.

The growth of the global hotel industry is primarily attributed to a strong resurgence in both leisure and business travel post-pandemic, fueled by rising global disposable incomes and a burgeoning middle class, particularly in emerging economies. This increased affluence and a desire for experiences lead to higher demand for diverse accommodation types, from luxury hotels to boutique stays and short-term rentals.

https://www.revfine.com/hotel-industry/

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As of September 2023, U.S.-based global hotel operator Marriott International, Inc. was the hotel company with the highest market cap worldwide. As of that month, Marriott's market cap amounted to nearly 60.6 billion U.S. dollars. Fellow U.S.-based company Hilton Worldwide Holdings Inc. followed in the ranking with a market cap of 40.4 billion U.S. dollars. Meanwhile, TUI AG was the tour operator company with the highest market cap worldwide.

Leisure & Hospitality Software Market Outlook

The global Leisure & Hospitality Software market size was valued at approximately USD 6.5 billion in 2023 and is projected to grow to USD 14.7 billion by 2032, registering a robust CAGR of 9.5% during the forecast period. This growth is propelled by the increasing demand for streamlined operations and enhanced customer experiences in the leisure and hospitality industry.

One of the primary growth factors driving the market is the rapid digitization and technological advancements within the hospitality industry. The adoption of software solutions such as property management systems, customer relationship management tools, and event management software helps businesses in this sector optimize their operations, reduce costs, and enhance customer satisfaction. As the industry becomes increasingly competitive, the need for efficient and effective management solutions is paramount, thus boosting the market demand for leisure and hospitality software.

Another significant growth factor is the rising consumer expectations for personalized and seamless experiences. Today's consumers demand more than just a service; they are looking for unique experiences tailored to their preferences. Software solutions enable businesses to gather and analyze customer data to offer personalized services, thereby improving customer loyalty and driving repeat business. The ability to provide such customized experiences not only enhances customer satisfaction but also sets businesses apart from their competitors.

Additionally, the growing trend of online booking and reservations is significantly contributing to market growth. With the proliferation of the internet and smartphones, consumers prefer booking their travel, accommodations, and events online. This shift towards digital platforms necessitates the use of sophisticated software systems that can handle online transactions, manage bookings, and provide real-time updates. The convenience offered by these systems is expected to continue driving their adoption in the leisure and hospitality sector.

In this dynamic landscape, Hotel Business Intelligence Solutions are becoming increasingly pivotal. These solutions provide hoteliers with critical insights into their operations, customer preferences, and market trends. By leveraging data analytics, hotels can optimize their pricing strategies, enhance guest experiences, and improve operational efficiency. The integration of business intelligence tools allows for more informed decision-making, enabling hotels to stay competitive in a rapidly evolving market. As the demand for personalized and seamless guest experiences grows, the role of business intelligence in the hotel industry is set to expand, offering significant opportunities for growth and innovation.

From a regional perspective, North America is expected to dominate the market due to the high adoption rate of advanced technologies and the presence of major software providers. Europe follows closely with significant investments in the tourism and hospitality sectors, further driving the demand for sophisticated software solutions. The Asia Pacific region is anticipated to witness the highest growth rate, fueled by the burgeoning travel and tourism industry, increasing disposable incomes, and a growing middle-class population. These factors collectively contribute to the regional market dynamics and growth potential.

Component Analysis

The Leisure & Hospitality Software market is segmented by component into software and services. The software segment encompasses a wide range of applications including property management systems, booking engines, CRM systems, and more. These software solutions are essential for automating and streamlining various operations within the hospitality sector, leading to improved efficiency and customer satisfaction. The demand for software solutions is expected to continue growing as businesses seek to optimize their operations and offer enhanced services to their customers.

The services segment includes implementation, consulting, support, and maintenance services. As businesses adopt new software solutions, they require professional services to ensure seamless integration and optimal performance. Consulting services are crucial for helping businesses select the right software solutions tailored to their specific needs. Support and maintenance services ensure that t

United States Hospitality Market size was valued at USD 223.93 Billion in 2024 and is projected to reach USD 250.45 Billion by 2032, growing at a CAGR of 4.87% from 2025 to 2032.

United States Hospitality Market Dynamics

The key market dynamics that are shaping the United States hospitality market include:

Key Market Drivers

Growing Demand for Unique and Personalized Experiences: There is a rising demand for tailored and personalized services in the hospitality industry. Travelers increasingly seek unique experiences that cater to their individual preferences, driving the need for custom-made packages, bespoke services, and immersive local experiences. According to the American Hotel & Lodging Association, 70% of consumers consider personalization an essential factor when choosing accommodation and services.

Rise in Domestic and International Travel: With the easing of pandemic-related restrictions, there has been a sharp increase in both domestic and international travel.

Hospitality Market was valued at USD 4674 Billion in 2023 and is projected to reach USD 6190 billion by 2031, at a CAGR of 5.5% from 2024 to 2031.

Global Hospitality Market Drivers

The market drivers for the Hospitality Market can be influenced by various factors. These may include:

Economic Growth: Travel and tourism are impacted by the general state of a region or nation's economy. Robust economies typically result in higher discretionary expenditure on travel and lodging. Technological Advancements: Consumer preferences and industry operations are shaped by technological innovations like as smartphone applications, online booking platforms, and smart room features. Changing Demographics: The services and experiences that visitors want to have are influenced by changes in the demographics, such as the emergence of millennials and their desire for immersive travel. Globalization: As a result of growing interconnection and globalization, the hospitality industry now operates on a larger scale, drawing tourists from around the world and encouraging cross-cultural interactions. Environmental Sustainability: As people become more conscious of environmental issues, they look for eco-friendly lodging and activities. In order to be competitive, hospitality businesses need to adopt sustainable practices. Regulatory Environment: Travel convenience and the operations of hospitality firms are impacted by government rules and regulations, including those pertaining to taxes, safety standards, and visa restrictions. Social Trends: The hospitality industry is shaped by shifting society trends including the sharing economy, the demand for individualized experiences, and travel that emphasizes health and wellness. Rivalry and Industry Consolidation: As businesses fight to keep their market share and profitability, growing rivalry in the hospitality industry, along with mergers and acquisitions, spurs innovation and restructuring.

The Hospitality Real Estate Sector Market Report is Segmented by Property Type (Hotels, Resorts & Spas, Others), by Type (Chain Hotels, Independent Hotels), by Asset Class (Affordable/Budget, Midscale, Luxury), and by Geography (North America, South America, Europe, Middle East and Africa, Asia-Pacific). The Market Forecasts are Provided in Terms of Value (USD).

The Italy hospitality market size reached USD 9,600.3 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 11,473.3 Million by 2033, exhibiting a growth rate (CAGR) of 2% during 2025-2033​. The market is experiencing significant growth mainly driven by sustainable tourism, luxury experiences and rich cultural heritage. Increasing technological integration, along with the rising focus on health and wellness is enhancing guest experiences, thereby driving the market growth.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2025-2033​. Our report has categorized the market based on type and segment.

As per Cognitive Market Research's latest published report, the Global Smart Hospitality market size was $16.92 Billion in 2022 and it is forecasted to reach $94.47 Billion by 2030. Smart Hospitality Industry's Compound Annual Growth Rate will be 23.98% from 2023 to 2030. What is Driving Smart Hospitality Market?

Increasing adoption of smart room technology from renowned hotel brands along with the improved level of personalization is the main driving factor contributing to the growth of the global smart hospitality market during the forecast period. For example, a growing number of hotel companies, including the likes of Hilton and Marriott are implementing the concept of the smart hotel room to deliver better personalization. Additionally, the recent introduction of disruptive technologies such as artificial intelligence and IoT with the aim of improving management, efficiency, and control from hotel management has driven market growth over the forecast period. However, data breaches and privacy concerns related to the hotel’s digital infrastructure may obstruct the growth of the global smart hospitality market in near future. Further, the rapid development of various advanced technologies such as automation, and data analytics is expected to create great opportunities for the smart hospitality market during the forecast period. In the upcoming years, hotels may use contactless technologies such as facial recognition, mobile keys, and voice-activated controls to enhance the overall guest experience. What is Smart Hospitality?

Smart hospitality uses internet-connected devices that are able to communicate or interact with each other. Smart hospitality refers to the use of advanced technology and data-driven insights to improve the guest experience, optimize operations and increase efficiency in the hospitality industry. This may include the use of devices and systems such as smart room automation, mobile apps, chatbots, artificial intelligence (AI), the Internet of Things (IoT), and data analytics.

The Hong Kong Hospitality Market is Segmented by Type (Chain Hotels and Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and More), Booking Channel (Direct Digital, Otas, and More), and Geographic Region (Hong Kong Island, Kowloon, and More). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, the global Hotel Management market size was USD 3625.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1450.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1087.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 833.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 181.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The Solo category is the fastest growing segment of the Hotel Management industry

Market Dynamics of Hotel Management Market

Key Drivers for Hotel Management Market

The market is being enhanced by the increasing incorporation of mobile applications to provide visitors with convenience

Hotel management systems are currently in the process of swiftly integrating mobile applications to improve the visitor experience, personalization, and communication with hotel staff. This enables hoteliers to enhance the guest experience and to gain insight into the preferences, revenue streams, and operational effectiveness of their visitors. Hotels can offer a wide range of services to their visitors, such as room appointments, dining reservations, and concierge assistance, through the use of mobile applications. Additionally, these applications assist hotels in the collection of data regarding visitor preferences and behaviors, which enables them to identify current trends and modify their marketing campaigns and promotions. In general, the incorporation of mobile applications into hotel administration systems represents a significant milestone in the hotel industry, as it results in increased visitor satisfaction, operational efficiency, and revenue growth.

The market would be stimulated by the emergence of an online booking trend

Global hotel management systems market growth is experiencing substantial demand from consumers due to the increase in the number of OTAs (Online Travel Agencies) and direct online bookings. A hotel management system is a centralized system that facilitates the reservation process across multiple channels and provides real-time availability, thereby reducing the risk of overbooking. This trend emphasizes the increasing necessity for accommodations that facilitate the seamless integration of efficient digital solutions that can simplify the booking process from various online sources. This type of system not only enhances the efficacy of operations but also provides valuable information that assists in providing better service to guests regarding room availability. The robust nature of reservation management systems is imperative in ensuring optimal occupancy rates and maximum revenue potential, which is a result of the significant role that online platforms play in the hospitality industry for appointments.

Restraint Factor for the Hotel Management Market

The market is confronted with an increasing number of cyber security threats

The managing of sensitive visitor information, including personal data and payment details, presents data security challenges for hotel management systems. Despite the fact that the cyber landscape is becoming more problematic due to security threats, safeguarding this data presents significant challenges that require strict adherence to data protection regulations and security protocols. The necessity of implementing dependable security measures in hotel administration systems is underscored by the growing number of cyber threats. These measures are crucial for safeguarding visitor data in the areas of privacy, security, and data availability, thereby reducing the likelihood of unauthorized access or data breaches. Furthermore, the hospitality sector is required to adher...

The hospitality industry in Vietnam is experiencing robust growth, driven by a surge in international and domestic tourism. The market size stood at USD 5.16 million in 2025 and is projected to reach USD 27.94 million by 2033, exhibiting a remarkable CAGR of 13.94%. Key drivers fueling this growth include government initiatives to promote tourism, rising disposable income, and increased air connectivity. The industry landscape is fragmented, with a mix of chain hotels, independent hotels, and specialized segments such as service apartments and budget hotels. Major players like InterContinental Hotels Group, Vinpearl, and Saigon Tourist hold a significant market share. Loyalty programs play a crucial role in customer retention, with major hotel brands offering attractive incentives and rewards. The industry faces challenges such as seasonality, competition from online travel agencies, and a need for sustainable practices. Nonetheless, the outlook for the Vietnamese hospitality sector remains positive, supported by continued economic growth and the country's appeal as a tourist destination. Recent developments include: November 2023: Marriott International recently revealed the launch of three upscale hotels in sought-after vacation spots in Vietnam. These comprise the Nha Trang Marriott Resort & Spa on Hon Tre Island, the Danang Marriott Resort & Spa in Non-Nuoc Beach Villas, and the Renaissance Hoi An Resort & Spa., August 2023: Fusion Hotel Group recently revealed the debut of Ixora Ho Tram by Fusion, a deluxe resort emphasizing wellness. Featuring 164 luxurious guestrooms and 46 exclusive villas, this outstanding establishment offers magnificent views of the beautiful coastline in southern Vietnam.. Key drivers for this market are: 4., Growth in Tourism is Driving the Market4.; Hotel Development in the Country Drives the Market Growth. Potential restraints include: 4., Lack Of Skilled Labour Is A Challenge For The Market4.; Regulatory Environment for Investors is a Challenge for Hospitality Sector. Notable trends are: Rise in the Number of Visitors to the Country is Driving the Hospitality Industry.

Over the past five years, the Global Hotels and Resorts industry has expanded. The current period started with a pandemic-low revenue level. As business and travel activities gradually resumed, industry revenue surpassed the pre-pandemic level in 2023. However, rising inflation following the pandemic and geopolitical tensions depressed the potential revenue growth. Further, stringent fatal aviation accidents and potential tariff war further deteriorate consumer confidence, inducing them to put off travel plans. Overall, industry revenue is expected to grow at an annualized rate of 14.2% to $1.8 trillion over the five years to 2025, including a 2.4% growth in 2025. In the same year, profit is also expected to reach 18.5%. While the prominence of well-known hotel chains looms over the industry, it still experiences low concentration since it has numerous small independent hotels. Due to low concentration, the industry remains highly competitive, and the steady increase in the supply of new hotel rooms has limited the hotels' ability to raise room prices. However, the industry is changing and continues to become more consolidated. This gives larger chains control over industry parts through loyalty programs and discounted pricing structures. Over the next five years, the largest growth will likely be in Asia and the Pacific, which will help emerging economies surpass several developed economies as favored destinations for tourists. However, uncertainty in some markets, specifically those with political and health risks, will hamper consumer sentiment early during the outlook period, placing pressure on hotels. Further, the potential tariff war between the US and other powerhouses such as China and the EU will likely affect travel rates as these countries strengthen their border control. Even so, more hotels and resorts will be built due to travel rates expected to rise overall, which should drive industry revenue growth. Overall, industry revenue is projected to increase at an annualized rate of 2.2% to $2.0 trillion over the five years to 2030.