According a 2019 survey of employers in the hospitality sector in the United Kingdom, ** percent of respondents stated that hard-to-fill vacancies were due to a low number of applicants with the required skills. That was compared to ** percent of respondents that indicated the low number of applicants in general as the main reason for hard-to-fill vacancies in this sector.

As the coronavirus (COVID-19) outbreak hit the United Kingdom, footfall to bars and restaurants declined. Across the hospitality sector on March 20, 2020, there had been a 58 percent decline in footfall in the last seven days compared to the same seven days in 2019. Bars, pubs and restaurants were ordered to close to visitors on March 20.

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Hotel And Hospitality Management Software Market Size and Forecast 2025-2029

The hotel and hospitality management software market size estimates the market to reach by USD 1.83 billion, at a CAGR of 7.3% between 2024 and 2029. APAC is expected to account for 35% of the growth contribution to the global market during this period. In 2019 the cloud-based segment was valued at USD 1.94 billion and has demonstrated steady growth since then.

The market is witnessing significant growth, driven by the reduction in operational costs for hospitality businesses. The implementation of these software solutions streamlines operations, from reservations to billing, leading to increased efficiency and cost savings. Another key trend is the rise in cloud integration, enabling remote access and real-time data analysis. However, the market also faces challenges, including the complexity of changeover from traditional systems. Hotel and hospitality businesses must carefully evaluate the benefits and potential disruptions before transitioning to new software solutions. To capitalize on market opportunities, companies should focus on offering user-friendly, cost-effective, and customizable software, while providing robust support during implementation.
Effective change management strategies and clear communication with stakeholders will be crucial for a successful transition.

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The market continues to evolve, offering innovative solutions to enhance operational efficiency and optimize guest experiences across various sectors. Energy management systems enable hotels to reduce energy consumption and costs, while staff training modules ensure a skilled workforce. Channel management systems facilitate seamless distribution across multiple platforms, and loyalty program management retains repeat customers. Hotel operations software integrates multiple functions, including data analytics dashboards, mobile check-in systems, and customer relationship management. Housekeeping management streamlines tasks, and hotel distribution platforms expand reach. Inventory management systems optimize stock levels, and guest service management enhances communication and response times. Employee performance metrics monitor productivity, and reservation management software manages bookings effectively.

Reporting and analytics provide valuable insights, and staff scheduling software streamlines labor planning. Revenue management tools maximize revenue, and guest relationship management fosters loyalty. Property management systems manage day-to-day operations, and guest communication platforms enhance engagement. Hotel security systems ensure guest safety, and financial management modules manage finances. Pricing optimization engines adjust rates based on demand, and customer feedback systems gather valuable insights. Maintenance request systems streamline maintenance requests, and online booking engines offer a convenient booking experience. Yield management software optimizes revenue, and hotel marketing automation targets promotions effectively. Digital key systems offer contactless check-in, and the market is expected to grow by over 10% annually.

For instance, a large hotel chain implemented a mobile check-in system, resulting in a 25% increase in online bookings and a 15% decrease in check-in time. This demonstrates the significant impact software solutions can have on hotel operations.

How is this Hotel And Hospitality Management Software Industry segmented?

The hotel and hospitality management software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  Cloud-based
  On-premises


Application

  Business hotels
  Heritage and boutique hotels
  Resorts and spas


Service

  System and integration services
  Professional services
  Managed services
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Deployment Insights

The cloud-based segment is estimated to witness significant growth during the forecast period.

In the dynamic the market, cloud-based solutions are gaining significant traction due to their numerous advantages. These solutions provide greater flexibility, scalability, and accessibility, enabling businesses to streamline operations, boost efficiency, and elevate guest experiences. With cloud-based deployment, hoteliers and hospitality businesses can manage their operations from any location with an internet connection, ensuring real-time monitoring and remote management. Furthermo

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Hospitality Real Estate Market Size 2025-2029

The hospitality real estate market size is forecast to increase by USD 148.3 billion, at a CAGR of 15.1% between 2024 and 2029.

The market is experiencing significant shifts, driven by the increasing prevalence of quick-service restaurants and the adoption of technology in the industry. The proliferation of quick-service restaurants signifies a growing demand for flexible and cost-effective real estate solutions, as these businesses often require smaller footprints and lower overhead costs compared to traditional full-service restaurants. Meanwhile, technological advancements are revolutionizing the real estate sector, enabling more efficient property management, improved customer experiences, and enhanced data analysis. However, the market faces challenges, including uncertain macroeconomic conditions that can impact investment decisions and the overall economic health of the hospitality industry.
These challenges necessitate strategic planning and adaptability from industry players, as they navigate the evolving market landscape. Companies seeking to capitalize on opportunities and mitigate risks must stay informed of these trends and be prepared to respond effectively to the dynamic market conditions.

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The market continues to evolve, with dynamic market dynamics shaping various sectors. Guest service technologies and hotel management systems are increasingly integrated to enhance customer satisfaction and streamline operations. Regulations and property valuation play crucial roles in hotel financing, while smart room technology , hospitatlity robots and high-speed internet are essential for attracting guests. Interior design and sustainable building practices are key considerations for construction management, as digital marketing and social media engagement drive demand. Hotel ratings and branding strategies are shaped by reputation management and yield management strategies. Energy efficiency and concierge services are essential hotel amenities, with public relations and sales and reservations systems optimized for seamless guest experiences.

Guest feedback and staff training are integral to risk management and hotel operations, while occupancy rate and due diligence are crucial for effective revenue management. Hotel construction and site selection are influenced by zoning laws and building codes, with meeting rooms, banquet facilities, fitness centers, and spa services adding value to properties. Lease agreements and building permits are essential for property management, while wi-fi networks and meeting room technology support productivity and convenience. Security systems and accessibility standards ensure guest safety and compliance, with revenue management software and loyalty programs driving repeat business. Digital Signage and supply chain management optimize operational efficiency, while inventory management and employee scheduling systems support effective hotel operations.

How is this Hospitality Real Estate Industry segmented?

The hospitality real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Full service restaurants
  Quick service establishments
  Catering services


Type

  Hotels and accommodation
  Spas and resorts
  Other services


Sector

  Owned and operated
  Franchised properties
  Real estate investment trusts
  Management contracts


End-User

  Business Travelers
  Leisure Travelers
  Event Organizers


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The full service restaurants segment is estimated to witness significant growth during the forecast period.

The hospitality industry continues to evolve, with guest service technologies and hotel management systems playing a pivotal role in enhancing customer satisfaction. Hotel regulations ensure safety and compliance, while property valuation and hotel financing facilitate growth. Smart room technology, high-speed internet, and digital marketing are essential amenities for modern travelers. Sustainable building practices and interior design are key trends, with a focus on energy efficiency and accessibility standards. Maintenance and repair, supply chain management, and wi-fi networks ensure smooth hotel operations. Lease agreements, hotel ratings, and revenue management

Data on senior officials' and permanent secretaries' business expenses, hospitality and meetings with external organisations.

Food and beverage serving activities recorded the highest number of employees in the tourism industries in the United Kingdom (UK). As estimated, employment in this segment reached about *** million. Sports and recreation activities reported the second-highest figure, with an estimated employment of roughly *** thousand.

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Boutique Hotels Market Size 2025-2029

The boutique hotels market size is forecast to increase by USD 11.36 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth due to the expanding tourism industry and the increasing preference for unique and authentic experiences among travelers. Boutique hotels offer personalized services, customized health and wellness programs, and catering options that cater to individual needs. Seasonality and demand fluctuations are key challenges for this market, requiring hotels to implement digital solutions such as artificial intelligence and automation to optimize operations and enhance guest experiences. The cruise industry is also integrating boutique hotels onboard ships to cater to the evolving needs of luxury travelers. The market is poised for continued growth as travelers seek personalized, high-quality experiences in the competitive tourism landscape.

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The market caters to travelers seeking unique, personalized experiences, focusing on authenticity, local culture, and high-quality service. This market encompasses urban boutique hotels, boutique beach resorts, and independent properties, all offering individualized service and soft branding strategies. Young travelers, particularly millennials, are driving growth in this sector, favoring experiential stays over extended vacations. Online booking and digital platforms facilitate convenience, while social media and online reviews influence consumer decisions. Aesthetics, health services, and eco-conscious travel are key trends, with energy-efficient systems and mobile key systems enhancing the guest experience. Loyalty programs and personalized travel experiences further differentiate this market from mass-market accommodations.

How is this Boutique Hotels Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Business hotels
  Suite hotels
  Airport hotels
  Resort hotels


Channel

  Online booking
  In-person booking


Service Type

  Luxury boutique hotels
  Budget boutique hotels
  Family-friendly boutique hotels
  Adults-only boutique hotels


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Type Insights

The business hotels segment is estimated to witness significant growth during the forecast period.

Business hotels have gained popularity due to their ability to cater to the distinct needs of business travelers. Strategically located in commercial and financial districts, these hotels offer easy access to major business centers, corporate offices, and conference venues, saving time and providing convenience. Business hotels provide specialized amenities and facilities, such as well-equipped meeting rooms, conference facilities, high-speed Internet access, business centers, printing and copying services, and 24-hour room service. Young travelers, millennials, and extended vacationers also seek experiential stays, personal space, and personalized service, which business hotels often offer. Tech-driven hospitality, themed experiences, pet-friendly accommodations, art-centric hotels, and eco-conscious travelers are other target markets.

Online booking, social media marketing, and loyalty programs are essential digital platforms for these hotels. Sustainable practices, such as energy-efficient systems, water conservation, and locally sourced food, appeal to affluent and leisure travelers.

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The business hotels segment was valued at USD 7.13 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 33% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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Another region offering significant growth opportunities to vendors is North America. They have experienced significant growth in North America over the last decade, catering to travelers seeking personalized and intimate accommodations. Known for their stylish and aesthetically pleasing interiors, these unique lodgings offer a visually appealing experience for those who value design and ambiance. Millennials, short-trip travelers, and extended vacationers, as well as p

The index of services (IoS) measures changes in the gross value added (GVA) of the UK services sector, tracking movements in volume output. According to a House of Common "Economic Indicators" report published in June 2021, service industries accounted for 80% of total UK economic output (i.e., GVA) in Q1 (January-March) 2021, and accounted for 82% of UK workforce jobs in the corresponding period. The UK service sectors includes finance, retail, business administration, wholesale, transport, hospitality, communications, government and other service-based markets (e.g., healthcare and education). The data in this report is sourced from the Office for National Statistics (ONS), while estimates are forecast by IBISWorld. Year-on-year figures are presented as a fiscal year (i.e., April through March) average of the index, with a base year of 2019 (i.e., 2019 calendar year = 100).

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Travel Technologies Market Size 2025-2029

The travel technologies market size is forecast to increase by USD 6.29 billion, at a CAGR of 9.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing use of smartphones and mobile applications in travel planning and booking. This trend is transforming the industry, enabling real-time booking, price comparisons, and personalized recommendations. Another key driver is the rise of Artificial Intelligence (AI) and Machine Learning (ML) in the travel sector, which is enhancing customer experiences through personalized services and predictive analytics. However, the market also faces challenges. Security and piracy concerns continue to pose significant threats to travel technologies. As travelers increasingly rely on digital platforms for booking and managing their trips, ensuring the security of their personal information becomes paramount.
Additionally, the risk of piracy and data breaches can result in significant financial and reputational damage for travel companies. Addressing these challenges through robust cybersecurity measures and implementing data protection policies will be crucial for companies seeking to capitalize on the opportunities presented by the market.

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The market continues to evolve, with dynamic innovations shaping the industry landscape. Leisure travel planning and business trips are increasingly being facilitated by advanced technologies, including travel itinerary management systems, cloud-based solutions, and personalized travel recommendations. Travel insurance services and flight search engines streamline the booking process, while travel content marketing engages consumers with compelling stories and visuals. Destination management systems and hotel reservation systems have become essential tools for travel industry professionals, enabling seamless organization and optimization of travel experiences. Mobile travel apps and mobile payments offer convenience and flexibility, while travel metasearch engines help consumers compare offerings across various platforms.

Travel industry partnerships and travel technology integration have become key drivers of growth, with companies collaborating to offer integrated solutions. Biometric authentication and accessibility features enhance the travel experience for all passengers. Travel marketing automation, sustainable tourism solutions, travel influencer marketing, and travel affiliate marketing are among the emerging trends shaping the market. The ongoing integration of these technologies across various sectors underscores the continuous evolution of the market, as companies strive to meet the evolving needs and expectations of consumers and industry professionals alike.

How is this Travel Technologies Industry segmented?

The travel technologies industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Travel industry
  Tourism industry
  Hospitality industry


Product

  Global distribution system
  Airline and hospitality IT solutions


Type

  Leisure
  Business
  Group


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

.

By Application Insights

The travel industry segment is estimated to witness significant growth during the forecast period.

The travel industry is a significant contributor to the market, introducing innovative solutions that optimize and improve the travel experience. This sector comprises various technologies, including travel loyalty programs, hotel reservation systems, mobile travel apps, and destination management systems, among others. The market's expansion in the travel industry segment is driven by the increasing number of online travel agencies (OTAs). These platforms have transformed the way people plan and book trips by offering personalized recommendations and tailored options based on user preferences. Travel technology investment continues to grow, with advancements in travel metasearch engines, mobile payments, and biometric authentication enhancing the overall travel experience.

Travel industry partnerships and travel influencer marketing are also playing a crucial role in shaping travel trends. Furthermore, sustainable tourism solutions and cloud-based travel solutions are gaining popularity as consumers demand more eco-friendl

In 2024, the direct and indirect contribution of travel and tourism to the United Kingdom's gross domestic product (GDP) was *** percent higher than in 2019, the year prior to the onset of the coronavirus (COVID-19) pandemic. Overall, these industries' total contribution to the country's GDP amounted to roughly *** billion British pounds in 2024. Has tourism in the UK recovered from the impact of COVID-19? While inbound resident visits to the UK dropped to just above ***** million in 2021 - the lowest figure reported in *** decades - the volume of inbound tourist visits to the United Kingdom rebounded in 2022, and grew to ** million in 2023. International arrivals, however, remained below pre-pandemic levels. Similarly, while outbound tourist visits from the UK experienced around a ******** increase in 2022 compared to the previous year, the country still reported around ***** million fewer trips abroad in 2023 than in 2019. What are the favorite holiday destinations among Britons? Either before or after the impact of the health crisis, vacationing remained the main travel purpose for outbound visits from the UK. In 2023, ***** was the most visited holiday destination by UK travelers, followed by *************************.

Discover the booming European commercial electric grills market! This in-depth analysis reveals key trends, drivers, and restraints impacting growth from 2019-2033, highlighting opportunities for leading brands like Alpina, Sammic, and Masterbuilt. Explore market size, segmentation, and regional insights to inform your business strategy. Recent developments include: In April 2021 , Elangrill has introduced stainless steel and aluminium machines in the Smart Electric Grills segement and thereny increasing its production across Europe., In March 2021 , Sammic has introduced smart Electric Grills integrated with advanced features such as colour touch screen , Wi-Fi , Bluetooth connectivity and Temperature Sensors.. Notable trends are: Advanced features with high sophistication.

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UK Foodservice Market Size 2025-2029

The UK foodservice market size is forecast to increase by USD 57 billion at a CAGR of 6.7% between 2024 and 2029.

Foodservice market is experiencing significant shifts, driven by the increasing popularity of food delivery apps and online ordering platforms. This digital transformation is revolutionizing the way consumers interact with foodservice providers, leading to increased convenience and flexibility. However, regulatory hurdles impact adoption, as stringent food safety regulations and complex licensing requirements pose challenges for new entrants. Additionally, labor shortages in the foodservice sector are tempering growth potential, as operators struggle to find and retain skilled workers. Virtual restaurants and ghost kitchens are gaining traction as potential solutions to labor challenges, enabling businesses to operate with reduced overheads and increased efficiency. The foodservice market encompasses a diverse range of establishments, including cafes, bars, cloud kitchens, full service restaurants, quick service restaurants, chained outlets, independent outlets, and various mobile food services such as food trucks and fast-food chains.
These trends present both opportunities and challenges for market participants. Companies that can effectively navigate regulatory requirements and adapt to changing consumer preferences will be well-positioned to capitalize on the market's growth potential. Meanwhile, addressing labor shortages through innovative operational models and investing in technology will be crucial for long-term success.

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The foodservice industry continues to evolve, with a focus on data-driven insights from foodservice analytics shaping business decisions. Industry standards prioritize sustainable practices, as reflected in the latest foodservice trends report. Innovation in foodservice is evident in the adoption of kitchen automation and smart kitchen technology. Foodservice consulting firms help businesses optimize operations through food safety certifications and efficient foodservice business models. Restaurant management technology adoption is transforming the industry, from customer loyalty programs to restaurant design trends. Foodservice distribution and equipment leasing companies are integrating technology to streamline supply chain management. Foodservice equipment maintenance is also becoming more efficient with the integration of IoT sensors and predictive analytics. Moreover, the cloud kitchen concept is emerging as a significant trend, enabling foodservice providers to operate without a physical storefront, reducing overhead costs and increasing operational efficiency.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. {{segments_for_ai.nslist}

By Type Insights

The fast foodservice segment is estimated to witness significant growth during the forecast period. The foodservice market in the US is characterized by various trends and dynamics shaping the industry. Off-premise catering continues to gain traction as customers seek convenience and flexibility. Customer feedback is increasingly important for foodservice operators, influencing menu offerings and improving customer experience. Ingredient sourcing, with a focus on local and organic options, is a growing concern for both casual dining establishments and fine dining restaurants. Cloud kitchens and ghost kitchens are emerging business models, optimizing workflow and reducing overhead costs. Food trends, such as healthy eating and dietary restrictions, are driving innovation in meal kits and menu offerings. The increasing number of full-service restaurants and the popularity of online catering services are additional growth factors.

Catering equipment and commercial kitchen equipment are essential investments for foodservice operators, while staff training and food cost control remain critical areas of focus. Cloud-based solutions, including employee scheduling and inventory management software, are streamlining operations and enhancing operational efficiency. Customer satisfaction is a top priority, with digital menu boards and table management systems contributing to an enhanced dining experience. Foodservice design, from kitchen layout to restaurant technology, is evolving to accommodate these trends. Food allergies and food waste reduction are key concerns, with table management systems and delivery services addressing these issues. Sustainability initiatives and brand loyalty programs are becoming increasingly important in the hospitality industry. Community outreach programs and e-commerce channels further enha

As of 2018, the food and beverage service sector in the United Kingdom (UK) employed more women than men. Overall, roughly *** thousand women and *** thousand men worked for food and beverage activities. Conversely, sports and recreation companies and accommodation services for visitors hired more men than women as of 2018.

This report is the result of Conlumino’s extensive market research covering Turkey Unpackaged Food. It provides detailed historic and forecast sales value of the market at category level. "Unpackaged Food in Turkey: Market Snapshot to 2019" provides a top-level overview and detailed insight into the operating environment of Turkey retail industry. It is an essential tool for companies active across Turkey retail value chain and for new players considering entering the market. Read More

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Background Music Market Size 2025-2029

The background music market size is forecast to increase by USD 608 million at a CAGR of 9.3% between 2024 and 2029.

The market is witnessing significant growth, driven by the increasing demand for music in various sectors such as retail and hospitality. Digital content, including recorded music and podcasts, is increasingly being used for LED displays, visual content, and publishing. The proliferation of music subscription services, such as Apple Music and Spotify, is further fueling market growth. However, the market is characterized by low margins due to intense competition among labels and background music generators. E-commerce platforms are also leveraging background music to enhance user experience and boost sales. As the market continues to evolve, players in the background music industry must adapt to these trends and challenges to remain competitive.

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The market encompasses the production and distribution of audio content for various industries, including hospitality, healthcare, restaurants, entertainment venues, and the retail sector. This market is driven by the growing importance of ambience and customer engagement in modern business environments. Ambient music, soft tunes, and recorded sound have become essential components of the consumer shopping experience, enhancing productivity, and fostering positive consumer relationships. In the hospitality industry, background music sets the mood and contributes to a memorable guest experience. In healthcare settings, calming music improves patient comfort and reduces stress. In retail environments, music can influence consumer behavior and boost sales.
The market offers value-added options, such as digital subscription-based music and digital broadcasts, providing businesses with flexibility and cost savings. These services cater to various industries, including recreation, commercials, films, marketing videos, and sleep quality applications. Modern infrastructures, such as TouchTunes and Beat Suite Music, enable businesses to easily access and manage their background music offerings. The market's growth is fueled by the increasing use of background music as a marketing aspect and the continuous evolution of technology to deliver more personalized and customizable music experiences.

How is this Background Music Industry segmented and which is the largest segment?

The background music industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product Type

  Music streaming
  AV system


End-user

  Hospitality
  Retail
  Commercial buildings
  Public infrastructure
  Others


Genre

  Ambient music
  Upbeat and energetic
  Classical or instrumental
  Others


Geography

  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Product Type Insights

The music streaming segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing use of digital platforms and smart devices. Music streaming services, which offer features such as customizable playlists, song recommendations, and seamless connectivity, are becoming increasingly popular. Additionally, the expansion of podcast genres on these platforms is further fueling market growth. Another key trend is the adoption of 5G connections, which are in high demand due to their ability to support large data transfers and provide faster internet speeds. This growth is evident in various sectors including hospitality, healthcare, retail, corporate, recreation, and entertainment venues. Background music is used to enhance customer engagement, create a positive atmosphere, and improve business productivity.

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The music streaming segment was valued at USD 719.60 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe, as one of the leading retail economies globally, witnesses significant investment from retailers in physical retail markets, particularly in countries like the UK, France, Germany, and Turkey. Background Music (BGM) plays a pivotal role in attracting customers in these spaces. In the omnichannel retail strategy, stationary retail spac

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HoReCa Market Size 2025-2029

The HoReCa market size is forecast to increase by USD 319.9 billion at a CAGR of 3% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. The increasing demand for healthier food options and accommodations is a major growth factor. Consumers are increasingly conscious of their health and seek out restaurants and hotels offering nutritious meals and facilities. Another trend is the integration of technology in the HoReCa sector, with the adoption of digital menus, contactless payments, and online ordering systems. They also cater to specific dietary needs like gluten-free or vegan diets. However, the industry also faces challenges, such as the limited availability of skilled labor and staff. These issues are putting pressure on businesses to find innovative solutions to meet the evolving needs of consumers while maintaining profitability. Overall, the market is expected to continue growing, driven by these trends and challenges.

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The market, encompassing food establishments such as restaurants, cafes, pizza eateries, and hotels, represents a significant segment of the global economy. This market is driven by various factors, including the growing trend of out-of-home consumption, the international tourism industry, and the Western culture of hospitality. The Horeca channel also includes commercial catering and food delivery services, contributing to its sizeable revenue generation. The Horeca sector is witnessing notable trends, including the increasing popularity of processed and packaged foods, as well as junk food. The tourism industry's growth continues to fuel demand for this market, with international tourists seeking diverse culinary experiences.
Moreover, technological advancements in commercial equipment, food processing, and artificial intelligence (AI) in the form of chatbots and virtual assistants are transforming the industry, with food robots and contactless technologies becoming increasingly common. The market's size is substantial, with substantial hotel revenues generated from food and beverage sales. Meetings and events are another significant contributor to the market's growth, as businesses and individuals continue to prioritize face-to-face interactions. The sector's shift towards e-commerce and mobile applications is also noteworthy, enabling consumers to order food and make reservations with ease. Total imports of commercial equipment, food, and beverages further underscore the market's global reach and significance.

How is this HoReCa Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Single outlet
  HoReCa chain


Service Type

  Eateries and restaurants
  Hotels
  Cafes and pubs


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  South America

    Brazil


  Middle East and Africa

By Type Insights

The single outlet segment is estimated to witness significant growth during the forecast period.

The market encompasses various segments, including restaurants, cafes, hotels, and processed food industries. Single outlet establishments, such as independent pizzerias, junk food eateries, and fine dining restaurants, are a significant part of this sector. These businesses cater to consumers seeking unique dining experiences and personalized service. Seasonal changes and evolving consumer preferences necessitate continuous menu updates and innovation. The industry serves both domestic and international tourists, contributing to the tourism industry's growth. Business travelers, meetings, and events also contribute to the sector's revenue generation. Digital payment systems, AI personalization, and contactless technologies are transforming the HoReCa channel, enabling out-of-home consumption and commercial catering.

The sector's growth is influenced by factors like hotel revenues, food tourism, and the increasing popularity of food delivery services. E-commerce, online food ordering, and mobile applications have become essential tools for businesses to reach customers and increase sales. The market's success hinges on its ability to adapt to changing consumer demands and offer elevated hospitality standards.

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The single outlet segment was valued at USD 1,318.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 41% to the growth of

As of September 2024, hotels in London had the highest revenue per available room (RevPAR) among cities in the United Kingdom. Based on data from the previous 12 months, the RevPAR of London hotels stood at ****** British pounds.