2021 Global Hotel Market Report: COVID-19 Impact and Recovery Analysis to 2030-ResearchAndMarkets.com

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This “2021 Global Hotel Industry Market Report: Impact of COVID-19 and Recovery to 2030” Report has been added to ResearchAndMarkets.com provide.

The market size is expected to reach USD 5297.78 billion in 2025, with a compound annual growth rate of 6%

The 2021 Global Hotel Market Report: The Impact and Recovery of COVID-19 in 2030 provides strategists, marketers, and senior executives with the key information needed to evaluate the global hotel market as it emerges from the COVID-19 closure.

The report covers the market characteristics, size and growth, segmentation, regional and country segmentation, competitive landscape, market share, trends and strategies of the market. It tracks the history of the market and predicts market growth by region. It places the market in the context of the broader hotel market and compares it with other markets.

Major companies in the hotel market include McDonald’s; Compass Group Co., Ltd.; Starbucks; Metro and Marriott International.

The global hotel market is expected to grow from USD 3486.77 billion in 2020 to USD 412.5 billion in 2021, with a compound annual growth rate (CAGR) of 18.5%.

The growth was mainly due to the company rescheduling operations and recovering from the effects of COVID-19, which earlier led to restrictive containment measures, including social distancing, remote work, and the closure of business activities, which led to operational challenges . .

The Asia-Pacific region is the largest region in the global hotel market, accounting for 45% of the market in 2020. North America is the second largest region, accounting for 25% of the global hotel market. Africa is the smallest region in the global hotel market.

Hotels are using technologies that are changing the customer experience. Some technologies are leading to significant improvements and savings in the hotel market. The most important trends in this market are the use of Near Field Communication (NFC) technology, infrared technology and robotics.

The hotel also uses robots to provide convenience facilities for guest rooms and many other functional purposes. Hotel operators are investing in systems and technologies to automate processes and provide guests with a personalized experience.

The growth of the hotel market has benefited from the steady economic growth predicted by many developed and developing countries.

Key topics covered:

1.executive Summary

2. Report structure

3. Hotel market characteristics

3.1. Market Definition

3.2. Key Segments

4. Hotel market product analysis

4.1. Leading products/services

4.2. Main features and differentiation

4.3. Product development

5. Hotel market supply chain

5.1. Supply Chain

5.2. Allocation

5.3. End customer

6. Customer Information in the Hotel Market

6.1. Customer preferences

6.2. End-use market size and growth

7. Hotel market trends and strategies

8. The impact of COVID-19 on the hotel industry

9. Hotel market size and growth

9.1. Market size

9.2. Historical market growth, value (US$ billion)

9.2.1. Market drivers

9.2.2. Market restrictions

9.3. Forecast market growth, value (US$ billion)

9.3.1. Market drivers

9.3.2. Market restrictions

10. Hotel market area analysis

10.1. The global hotel market in 2020, by region, value (US$ billion)

10.2. Global hotel market, 2015-2020, 2020-2025F, 2030F, history and forecast, by region

10.3. Global hotel market, growth and market share comparison by region

11. Hotel market segmentation

11.1. The global hotel market, segmented by type, history and forecast, 2015-2020, 2020-2025F, 2030F, USD billions

  • Non-residential accommodation services

  • Catering Services

11.2. The global hotel market, segmented by ownership, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars

12. Hotel market segmentation

12.1. The global non-residential accommodation service market, broken down by type, 2015-2020, 2020-2025F, 2030F, value (in billions of dollars)-hotels and other tourist accommodation; camping and caravans; non-residential accommodation for students and workers

12.2. Global food and beverage service market, segmented by type, 2015-2020, 2020-2025F, 2030F, value (in billions of dollars)-restaurants and mobile food services; bars and cafes; catering services and food contractors

13. Hotel market indicators

13.1. Hotel market size, as a percentage of GDP, 2015-2025, global

13.2. Average hotel market expenditure per capita, 2015-2025, global

Companies mentioned

  • McDonald’s

  • Compass Group

  • Starbucks

  • subway

  • Marriott International

For more information about this report, please visit https://www.researchandmarkets.com/r/5dd0jf

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