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 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).

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 States' Bureau of Labor Statistics accounted for ***** million people working in the hospitality and leisure industry in the U.S. as of December 2024. This figure shows an increase over the previous year's figure of ***** million.

The United Kingdom Hospitality Market Segments by Sector (Accommodation, Food and Beverage Service Establishments, and More), by Service Model (Full-Service, Limited / Budget and More), by End-User (Leisure Travellers, Business Travellers and More), by Booking Channel (Direct, Online Travel Agencies, and More), by Ownership Model (Independent Operators and Chain / Branded), by Geography.

[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 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.

Revenue team in the hospitality domain Domain: Hospitality
Function: Revenue

AtliQ Grands owns multiple five-star hotels across India. They have been in the hospitality industry for the past 20 years. Due to strategic moves from other competitors and ineffective decision-making in management, AtliQ Grands are losing its market share and revenue in the luxury/business hotels category. As a strategic move, the managing director of AtliQ Grands wanted to incorporate “Business and Data Intelligence” to regain their market share and revenue. However, they do not have an in-house data analytics team to provide them with these insights.

Their revenue management team had decided to hire a 3rd party service provider to provide them with insights from their historical data.

Here is the reference of Data Visualization :

https://github.com/SanthoshSivakumar/Hospatility-Domain

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).

Luxury spending in the global hospitality market grew by ***** to **** percent when comparing 2023 data with 2019. Hospitality ranked as the ***** most valuable luxury market worldwide in 2023, with a total value of around *** billion euros.

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 United Kingdom Hospitality Market size was valued at USD 69.50 Billion in 2024 and is projected to reach USD 99.38 Billion by 2032, growing at a CAGR of 4.5% from 2026 to 2032.United Kingdom Hospitality Market DriversThe United Kingdom's hospitality market is influenced by a number of key drivers, ranging from changing consumer behaviors to technological advancements and broader economic trends. These factors are interconnected and contribute to the sector's growth and evolution.Key Market Drivers:Rising Domestic and International Tourism: Tourism is a significant driver of the UK hospitality market, with both domestic and international visitors contributing to growth. International visits are projected to increase by 4.3% annually from 2024 to 2028.Increase in Staycations and Domestic Travel: The UK's domestic tourism industry has seen a surge in popularity, with domestic tourism generating £72.9 billion in 2023, up 12% from 2022.

This dataset provides a comprehensive analysis of the tourism and hospitality industry, covering key metrics such as visitor trends, hotel occupancy rates, average spending per tourist, seasonal demand patterns, and revenue insights. It is useful for travel analysts, hospitality businesses, researchers, and policymakers to understand industry dynamics, predict trends, and optimize business strategies.

Potential Use Cases:

📊 Market Analysis: Identify travel trends and popular destinations.
📈 Revenue Forecasting: Predict hotel occupancy rates and revenue patterns.
🏨 Hospitality Business Insights: Analyze customer preferences and spending habits.
🌍 Tourism Policy Evaluation: Support government tourism strategies.
🧠 Machine Learning Applications: Build predictive models for visitor demand and pricing optimization.

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.

The size of the Hospitality Industry In Sri Lanka market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 7.50">> 7.50% during the forecast period. Recent developments include: Apr 2023: Hailing from the idyllic shores and boundless horizon of the Indian Ocean, Cinnamon Hotels & Resorts is set to offer Middle Eastern and international travelers the best of Sri Lanka as they debut at Arabian Travel Market 2023., Jan 2023: Courtyard by Marriott Colombo opened a luxury Hotel situated in Colombo, 1.7 km from Galle Face Beach, which features accommodation with an outdoor swimming pool, free private parking, a fitness center, and a terrace. The property has a bar, as well as a restaurant serving Chinese cuisine.. Key drivers for this market are: Rise in the Tourism industry, Increase in the Number of Hotel Projects and Investments. Potential restraints include: Sustainability and Competition Threaten Industry Success. Notable trends are: Increase in the Number of SLTDA Registered Accommodation is Driving the Market.

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 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.

The global market for digital spending in hospitality is experiencing robust growth, driven by increasing adoption of technology to enhance customer experience, operational efficiency, and revenue generation. The industry's rapid digital transformation is fueled by several key factors. Firstly, the rising popularity of online travel agencies (OTAs) and booking platforms necessitates increased digital investment for hotels and other hospitality businesses to maintain competitiveness. Secondly, the demand for personalized services and seamless guest experiences is pushing hospitality companies to invest heavily in digital solutions, such as mobile check-in/check-out, personalized recommendations, and loyalty programs. Thirdly, the need for data-driven decision-making is driving the adoption of analytics tools and business intelligence platforms to optimize pricing strategies, resource allocation, and marketing campaigns. While the market shows strong potential, challenges remain. These include the high initial investment costs associated with digital infrastructure and the need for ongoing maintenance and updates. Furthermore, data security concerns and the risk of cyberattacks present ongoing hurdles for businesses. The market is segmented by application (Small & Medium Enterprises, Large Enterprises) and type (Software, Services), with Large Enterprises and Software solutions currently dominating the market share. Geographically, North America and Europe currently hold the largest market share, but significant growth is expected in the Asia-Pacific region due to its expanding middle class and increasing tourism. This expansion is predicted to continue, with a projected Compound Annual Growth Rate (CAGR) of approximately 15% from 2025 to 2033. The competitive landscape is characterized by a mix of large technology providers such as Accenture, Capgemini, IBM, and TCS, along with specialized hospitality-focused companies like Zendesk and SAS Institute, and other niche players. These companies are constantly innovating and expanding their offerings to cater to the evolving needs of the hospitality sector. The strategic partnerships and acquisitions within the industry further contribute to market consolidation and expansion of digital solutions. Future growth will be shaped by the increasing adoption of artificial intelligence (AI) and machine learning (ML) to automate tasks, personalize services, and improve operational efficiency. The integration of Internet of Things (IoT) devices for smart room management and enhanced guest experiences will also play a significant role in shaping the future trajectory of this dynamic market.

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.

In 2028, the revenue of the hospitality industry in Saudi Arabia was forecasted to be the highest among GCC countries, exceeding ** billion U.S. dollars. In 2023, the revenue of the hospitality industry in Saudi Arabia was more than ** billion U.S. dollars.