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).

Hospitality can be defined somewhat broadly as an industry that focuses on providing consumers with a means to participate in leisure activities, be that staying in a hotel or dining in a restaurant. It encompasses many industries, the largest of which are accommodation and food and drink services. In 2023, the global hospitality market reached over *** trillion U.S. dollars and was forecast to grow to around *** trillion U.S. dollars in 2024.

The Croatia Hospitality Market Report is Segmented by Type (Chain Hotels, Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, Budget & Economy, Service Apartments), Booking Channel (Direct Digital, Otas, Corporate/MICE, and More), and Geography (Istria & Kvarner, Dalmatia, Adriatic Islands, Continental Croatia, Slavonia & Eastern Croatia). The Market Forecasts are Provided in Terms of Value (USD).

[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

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.

Italy Hospitality Market is Segmented by Type (Chain Hotels, Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, Budget & Economy, Service Apartments), Booking Channel (Direct, Digital OTAs, Corporate/MICE, Wholesale & Traditional Agents), and Geography (Northwest, Northeast, Central, South Italy, Islands). Market Forecasts are Provided in Terms of Value (EUR).

Explore the booming hospitality industry's market trends and growth projections to 2033. Discover key drivers, restraints, and regional analysis, including insights from major players like Marriott and Hilton. Uncover the impact of experiential travel and sustainability on this dynamic sector.

The US hospitality market is projected to reach a market size of USD 235.96 million by 2033, exhibiting a CAGR of 4.87% during the forecast period. The hospitality industry in the country is driven by factors such as increasing disposable income, rising tourism, and business travel. The demand for vacation rentals and home sharing is also increasing, driven by platforms like Airbnb. The market is segmented into various segments based on type, service, and region. Major players in the market include InterContinental Hotels Group (IHG), Hyatt Hotels Corporation, Best Western Hotels & Resorts, Marriott International, and Hilton Worldwide. Key trends in the market include the adoption of technology, sustainability initiatives, and personalization of guest experiences. Recent developments include: September 2023: IHG Hotels & Resorts opened a new Holiday Inn property in South Philadelphia following a conversion and renovation. Located minutes from Philadelphia International Airport and within walking distance of the city’s primary sports and entertainment facilities complex (which includes Lincoln Financial Field, Citizens Bank Park, and Wells Fargo Center), Holiday Inn Philadelphia Airport Stadium Area delivers a convenient, comfortable, and welcoming experience appropriate for the “City of Brotherly Love.”, August 2023: Wyndham Hotels & Resorts and LuxUrban Hotels Inc., a leading hotel operator with a growing portfolio of nearly two dozen assets in key urban markets across the United States, announced a newly signed deal to bring 16 LuxUrban hotels, representing approximately 1,400 rooms, into the Trademark Collection by Wyndham brand.. Key drivers for this market are: Growing Tourism Increasing Demand for Hospitality Services, Consistent Demand for Business Travel and Corporate Hospitality Services. Potential restraints include: Stringent Government Policies and Regulations Limiting the Market Growth, Lack of Skilled Labor is a Challenge for the Market. Notable trends are: US Hotel Occupancy Soars, Fueled by Diverse Factors and Economic Uptick.

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.

The size of the Morocco Hospitality Industry market was valued at USD 0.81 Million in 2023 and is projected to reach USD 1.28 Million by 2032, with an expected CAGR of 6.72% during the forecast period. Recent developments include: December 2022: The launch of Conrad Rabat Arzana, the brand's first establishment in Morocco, was announced by Hilton. The modern architecture and design of the 120-room hotel give guests a new take on modern hospitality, fine dining, and personalized service. The hotel's ideal location near the city's cultural hub, north of Harhoura, provides easy access to a variety of tourist destinations, including the Mausoleum Med V, Old Medina, Moorish Gardens, and the Zoo of Rabat., October 2022: In order to build the new Fairmont Tazi Palace Tangier in the northern region of Morocco, Katara Hospitality, a hotel owner, developer, and operator with headquarters in Qatar, strengthens its cooperation with Accor. Accor manages 41 properties (6,215 keys) in Morocco, and there are another 4 properties (768 keys) in the works.. Key drivers for this market are: The number of baby-boomer tourists is expected to increase, which will fuel the growth of the worldwide amusement park market., Incorporating energy-saving innovations like LED lighting and solar panels. Potential restraints include: Theme parks are raising admission costs and letting guests ride every ride without waiting in queue, Theme parks utilising virtual reality are becoming more and more common.. Notable trends are: Rising Tourist Arrivals to Morocco is Driving the Market.

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).

The global hospitality industry is a vast and complex ecosystem that encompasses a wide range of businesses, from traditional hotels and restaurants to travel agencies and convention centers. The industry has experienced significant growth in recent years due to a number of factors, including rising disposable incomes, increasing tourism, and the proliferation of online travel booking platforms. According to research, the global hospitality market was valued at approximately XXX million U.S. dollars in 2022 and is projected to grow at a CAGR of XX percent from 2023 to 2033. This growth is primarily attributed to the increasing popularity of experiential travel, the growing demand for wellness and luxury experiences, and the continued expansion of the middle class in emerging economies. Key drivers of the hospitality industry include the growth of the global travel and tourism industry, the increasing demand for convenience and flexibility, and the rise of the sharing economy. Some of the major trends that are shaping the industry include the adoption of digital technologies, the focus on sustainability, and the emergence of new business models such as vacation rentals and co-working spaces. However, the industry also faces a number of challenges, including the economic impact of the COVID-19 pandemic, the increasing competition from online travel agencies, and the rising cost of labor.

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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The U.S. hospitality industry is projected to be valued at $1.1 trillion in 2024, driven by factors such as increasing consumer awareness and the rising prevalence of industry-specific trends. The market is expected to grow at a CAGR of 5.1%, reaching approximately $1.8 trillion by 2034.

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.

Brazil's Hospitality Industry Market Analysis Brazil's hospitality industry registers a market size of $10.01 million with a projected CAGR of 6.54%. This growth is driven by factors such as increased tourism, expanding business travel, and a rise in disposable income. Brazil's vibrant culture, stunning beaches, and diverse natural wonders attract visitors worldwide. Furthermore, the country's robust economy and growing corporate sector have led to increased demand for business accommodation. Market Trends and Segments Luxury hotels and mid-to-upper mid-scale hotels dominate the market, catering to affluent tourists and business travelers. The budget and economy hotel segment is also experiencing growth due to the increasing popularity of budget travel. Service apartments are gaining traction as they offer flexibility, space, and affordability for both short-term and extended stays. Notable industry players include Wyndham Hotel Group, InterContinental Hotels Group (IHG), and Marriott International Inc. The market is poised for further expansion as Brazil continues to invest in tourism infrastructure and attracts a growing number of visitors. Recent developments include: February 2024: Accor made an agreement with IDeaS, a leading provider of hospitality revenue optimization software and services. With this partnership, IDeaS will provide Accor with global revenue management software (RMS) services., August 2023: Choice Hotels, a leading hospitality company, finalized its acquisition of Radisson Hotels Americas. The deal, valued at around USD 675 million, includes the franchise business, intellectual property, and operations. Additionally, the acquisition encompasses the real estate value of three hotels owned by Radisson Hotel Group.. Key drivers for this market are: Growing Tourism, Consistent Demand for Business Travel and Corporate Hospitality Services. Potential restraints include: Political Instability and Uncertainty, Limited Access to Transportation, Inadequate Roads, and Insufficient Connectivity. Notable trends are: Rising Tourism is Fueling Market Growth.

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.

The size of the Hospitality Industry market was valued at USD XXX million in 2024 and is projected to reach USD XXX million by 2033, with an expected CAGR of XX% during the forecast period.

The Vietnam Hospitality Market is Segmented by Type (Chain Hotels and Independent Hotels), Accommodation Class (Luxury, Mid & Upper-Mid-Scale, and Other), Booking Channel (Direct Digital, Otas, and Other), Geographic Region (Northern Vietnam (Hanoi & Surrounds), Central Coast & Highlands, and Other). The Market Forecasts are Provided in Terms of Value (USD).