Hospitality industry.

Hospitality industry The hospitality industry is displaying remarkable resilience as it confronts a variety of challenges in 2024. 4 days ago · Visit Hospitality Net for up-to-the-minute hotel industry news, opinion articles, panel discussions, breaking news, hotel openings, appointments, industry events and conferences and feature stories. The Hospitality Industry In China is expected to reach USD 93. restaurants, cafes, bars, clubs); Travel & tourism (transportation); Events (e. The global hospitality industry market size expanded rapidly in 2024 and will grow substantially by 2032, exhibiting a prodigious CAGR during the forecast period. Oberoi Hotels & Resorts, The Park Hotel, ITC Hotels, Lemon Tree Hotels and Taj Hotels are the major companies operating in this market. The Hospitality Industry In Turkey is expected to reach USD 5. The Hospitality Industry In India is expected to reach USD 281. 78 billion by 2030. Working in Hospitality. Dec 17, 2024 · The global hospitality market is projected to grow to $4. 45 billion in 2025 and grow at a CAGR of 4. Here is a brief overview of the history and development of the hospitality industry: Ancient Times (Before 500 AD) Challenges in the Hospitality Industry. 5 trillion in consumer spending during 2020 (Hospitality Global Market Report, 2020). The Hospitality Industry In Italy is expected to reach USD 10. Includes: Full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Hilton Hotels and Resorts and Gruppo UNA SpA are the major companies operating in this market. Jan 23, 2025 · Global Hospitality Data & Industry Statistics. Sep 1, 1995 · The hospitality industry itself can apply this model in finding solutions to their problems concerning product strategies. Mar 28, 2024 · Learn what the hospitality industry is, how it has evolved, and what factors are shaping its growth and challenges. Feb 6, 2024 · Social media remains and strengthens as an essential tool for the hospitality and tourism industry, influencing travel decisions and transforming customer interaction. 57% to reach USD 31. Nov 21, 2023 · The hospitality industry is defined as a broad group of businesses that provide services to customers. Moreover, Foreign Tourist Arrivals (FTAs) are forecasted to hit 30. This shift marks the end of recovery and the beginning of a new era of growth and innovation. e Hotel industry & Travel and Tourism industry. Learn about the five main sectors of the hospitality industry and their common businesses, services, and amenities. Jan 30, 2025 · Hospitality management involves all the tasks associated with managing a business in the hospitality industry. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or Feb 8, 2023 · Topics covered in the Hospitality Industry Report. It’s about Scholarship, Education, and Business Networking. 4 billion hotel industry. 42 billion in 2025 and grow at a CAGR of 4. These casual stays then evolved to become more than just a place to stay. Some of these fields within the service industry include hotels, restaurants, resorts, cruise ships, and more. In the core of the hospitality industry alone (hotels, events, restaurants, etc. Compare the hospitality industry across different countries, such as the US, India, and the UK. Since debuting in 1989 as a quarterly publication, the magazine has grown and evolved into the authoritative voice of the dynamic $16. The hospitality sector, which is part of the services industry, comprises a broad category of fields. 01 billion in 2025 and grow at a CAGR of 7. Genting Group, Accor SA, Shangri-la Hotels and Resorts, Hilton Worldwide Holdings Inc and Marriott International Inc are the major companies operating in this market. IndustryAdvantage™ Commercial, products, and operations transformation for the future of your industry. Apr 14, 2025 · HOSPITALITY INDUSTRY MARKET OVERVIEW. Apr 14, 2025 · Hospitality companies can adopt best practices for monitoring, evaluating and responding to industry trends. 24 billion in 2025 and grow at a CAGR of 5. While these fields are different, they often overlap in their duties and goals. Feb 18, 2025 · The ancillary hospitality sector is a diverse and crucial component of the broader hospitality industry, made up of a range of services that enhance and support the core offerings of primary hospitality businesses, like hotels. As predicted, the hospitality industry experienced a robust comeback in 2024. To overcome this, hotels are offering higher Mar 26, 2025 · What is the hospitality industry? The hospitality industry is a career field that relates to serving customers. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Wyndham Hotels & Resorts Inc and Rixos Hotels are the major companies operating in this market. Aside from Travel Update Philippines, Bucketlist publishes Hospitality News Philippines, a fortnightly publication covering hotel and foodservice trade. 10. Dec 2, 2024 · The EHL Insights Report: Hospitality Outlook 2025 takes an expert look at five key trends shaping the future of the hospitality industry. What's New. Nov 8, 2023 · Learn what hospitality means, how it started, and what businesses are part of it. Register for Dbriefs webcasts. This collection of EHL faculty research findings aims to share some essential red threads to help understand the opportunities and challenges at stake in today’s hospitality industry. Grupo Posadas, InterContinental Hotels Group, Marriott International, Cityexpress Hoteles and Grupo Real Turismo are the major companies operating in this market. Through key insights and analysis, it The Greater Charlotte Hospitality & Tourism Alliance (HTA) has been the premier voice of our region's hospitality & tourism industry since it was established by the leaders of the industry in 1994. Oct 25, 2023 · It operates under Bucketlist Publishing Corporation, a company specializing in industry and trade print media. 12% to reach USD 7. %PDF-1. Some further research activities showed that the model can be used for Dec 8, 2023 · The Philippine hospitality industry ends 2023 on a positive note with key hotel performance indicators such as room occupancy and room revenues markedly improving over the last three years. AccorHotels, Louvre Hotels Group, B&B Hotels, Brit Hotels and Best Western Hotels & Resorts are the major companies operating in this market. Strategies focus on inspiring through platforms like Instagram or TikTok, influencing booking decisions, and building credibility through authentic reviews following travellers The Hospitality Industry in South Africa is expected to reach USD 1. 87 billion by 2030. 87% to reach USD 313. Marriott International Inc, Accor SA, Hilton Worldwide Holdings Inc, Radisson Hotels and Meliá Hotels International SA are the major companies operating in this market. 9 trillion in 2024, driven by increased travel demand and technological innovations. It plays a significant role in the global economy, contributing to job creation and tourism development. Jan 26, 2022 · As an industry, the hospitality industry was born out of casual arrangements between locals and weary travelers looking for a safe place to rest their horses and lay their heads. This industry is focused on offering comfortable, enjoyable experiences to guests, whether they are staying at a hotel, dining at a restaurant, or engaging in a leis AHLA's State of the Industry Report outlines the forecasted state of the hotel industry in 2021 and into the immediate future. Hospitality companies are generally in a better position than they were a few years ago, when they struggled to find their footing during the pandemic. Hotelier magazine is now produced eight times a year digitally with one print issue (The Who’s Who Almanac including the WOW poster) published annually in October. 83 billion by 2030. festivals, concerts, conferences, ceremonies, weddings); Mar 1, 2022 · The global hospitality industry, which includes hotels and other types of accommodations, as well as restaurants, bars, casinos, cruise ships, travel agencies, tour operators, and similar organizations, accounted for roughly $4. As the hotel industry realizes the purpose and profit of fusing service with technology, Deloitte's hospitality insights explore how data can be used to revolutionize the experiences of guests who want to buy into better. It includes hotels, tourism agencies, restaurants and bars. Forbes 2023 list of America’s Best Executive Recruiting Firms. are the major companies operating in this market. 2 days ago · Through our extensive offerings of print, online and in-person content, we reach senior figures in all areas of the hospitality industry, from development and investment to technology to design and architecture and more, and connect them with the news, research and analysis they need to compete and stay ahead in today’s market. 76 billion by 2030. Jul 27, 2023 · The hospitality industry is a vital sector in the tourism industry that encompasses a wide range of businesses, including hotels, restaurants, travel agencies, and event planning companies. Apr 14, 2025 · If there’s one thing that’s constant in the service-focused hospitality industry, it’s change. The perfect antidote to loneliness, many people prefer to buy experiences rather than products. NEWH is the international community connecting the hospitality industry, providing scholarships, education, leadership development, recognition of excellence, and business development opportunities. 54% to reach USD 14. Learn how students envision the industry's evolution in four categories: planet, products and services, profit, and people. Sep 26, 2022 · WORK OPPORTUNITIES IN THE HOSPITALITY INDUSTRY. The HTA's leadership has proudly and relentlessly been vital in efforts that have made our region a premier destination. 11 billion by 2030. 82 million people working in the hospitality and leisure industry. Sep 7, 2024 · Learn what is the hospitality industry, how it operates, and what challenges and opportunities it faces. Hospitality is a combination of the activity and business that offers services to customers in hotels, restaurants and bars. The evolution of the hospitality industry demonstrates how combining traditional values with modern innovations creates exceptional guest experiences that drive business success. The report examines the high-level economics of the hotel industry’s recovery, the specific impact on and eventual return of business travel, and consumer travel sentiments. Mar 12, 2025 · However, even with AI transforming the hospitality industry and driving major investments, many hoteliers still remain hesitant to fully embrace the technology. 70 billion by 2030. Jan 5, 2023 · The hospitality industry encompasses a variety of establishments and services that focus on providing hospitality, or hospitality, to guests. Bars, cafes, restaurants, hotels, inns, bed and breakfasts, and motels are all part of the hospitality industry. Its focus is to provide customers with unique and satisfactory experiences for a cost. The US Hospitality Market is expected to reach USD 247. Explore the key statistics, trends, and insights from experts and leaders in the sector. The human curiosity to gain new knowledge, quest and entertainment, act as medium for the The Hospitality Industry in South Africa is expected to reach USD 1. Hospitality Industry Trends Explained. There are several sectors of the hospitality industry, such as food, lodging and entertainment. The Ripple Effect. 12% to reach USD 138. Hospitality Industry Outlook Report contributors Tourism & Hospitality Industry in India India's tourism and hospitality sector is expected to yield revenue exceeding US$ 59 billion by 2028. This period of change is set to continue through 2022 and 2023, with shifts in demographics and technology, and the post Apr 25, 2025 · Gecko Hospitality Management Recruitment agency specializes in hotel & restaurant management recruiting. [3] What is the meaning / definition of the Hospitality Industry? The Hospitality Industry is part of the service industry and is comprised of 5 major sub-sectors which include: Food & Beverage (e. 7 %µµµµ 1 0 obj >/Metadata 462 0 R/ViewerPreferences 463 0 R>> endobj 2 0 obj > endobj 3 0 obj >/ExtGState >/Font >/ProcSet[/PDF/Text/ImageB/ImageC/ImageI May 23, 2022 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. Learn about the definition, sectors, and trends of the hospitality industry, which includes lodging, food and beverage services, event planning, and tourism. According to MARA’s survey , when asked about the main challenges their hotel encounters in implementing AI, 30 percent responded with “resistance from staff,” and 59 percent said People go on vacation to leave their day-to-day behind, not their values. This sector includes: Travel agencies The Hospitality Industry In Mexico is expected to reach USD 24. Jun 28, 2023 · The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. 81 billion in 2025 and grow at a CAGR of 4. Dec 4, 2024 · History and development of the hospitality industry. The hospitality industry is rapidly evolving, driven by technology, sustainability, and the demand for personalized guest experiences. 43% to reach USD 1. Adopting innovations like mobile check-ins, AI-driven personalization, and eco-friendly practices is essential to meet guest expectations and stay competitive. 55% to reach USD 22. 40 billion by 2030. [2] The United States boasts a similar percentage, with the Bureau of Labor Statistics reporting 16. These fields include food, drink, theme parks, event planning, camps and RV (recreational vehicle) parks, and lodging (accommodation). 14 billion in 2025 and grow at a CAGR of 1. 27% to reach USD 53. Marriott International Inc. Based on comprehensive research and expertise from EHL faculty members and the school’s extensive network of industry leaders, it offers a thoughtful perspective on where the industry is heading in the coming years. , Jinjiang International, Huazhu Hotels Group (Hanting, Joya, and others), BTG Homeinns and GreenTree Hospitality Group are the major companies operating in this market. The Hospitality Industry in Malaysia is growing at a CAGR of greater than 6. Dec 18, 2024 · What is the Hospitality Industry? The hospitality industry encompasses businesses that provide services related to lodging, food and beverage, event planning, travel, and recreation. . These responsibilities focus on welcoming customers and providing them with pleasant experiences in various types of businesses within the hospitality industry including dining, lodging, events, entertainment, or travel. Jul 31, 2021 · Hospitality industry includes hotels, travel & tourism, health clinic, spa, amusement parks and many more. 5% over the next 5 years. ) graduates with a hospitality degree can become managers in a variety of departments and sectors, or choose to specialize in one area. Mar 31, 2022 · The hospitality sector encompasses a wide range of fields within the service industry, including hotels, event organizing, theme parks, transportation, cruise lines, and other tourism-related fields. Get ahead with unlimited access to the latest industry news and exclusive insights into the Irish hospitality, food service, and on-trade drinks sectors. The hospitality industry is a vast and dynamic sector that offers a wide range of career paths for individuals with diverse skills and interests, including niche careers in hospitality. Jan 3, 2024 · In conclusion, the hospitality industry's outlook for FY 2024 promises a tapestry of innovation, sustainability, culinary delights, flexible travel trends, wellness prioritisation, personalised services through data-driven insights, AI and robotics integration, social media as an engagement catalyst, and the groundbreaking frontier of neurohospitality. Wyndham Hotel Group LLC, Choice Hotels International Inc, Best Western International Inc, Coast Hotels Limited and Marriott International Inc are the major companies operating in this market. Hospitality management is a broad career field that provides many opportunities for international career progression. The magazine 4 days ago · Visit Hospitality Net for up-to-the-minute hotel industry news, opinion articles, panel discussions, breaking news, hotel openings, appointments, industry events and conferences and feature stories. This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in leisure and hospitality. The main product of the Hospitality Industry is service so, it is also known as service-oriented industry as our primary product is service. It nearly reached pre-pandemic travel levels and saw improvements across all indicators, including occupancy rates, daily rates, profitability, and RevPAR. 5 million by the same year. The hospitality industry saw a strong comeback in 2024, nearing pre-pandemic travel levels with improvements in occupancy rates, daily rates, profitability, and RevPAR. 83 billion in 2025 and grow at a CAGR of 13. The Hospitality Industry in France is expected to reach USD 21. The hospitality industry employs more than 300 million people worldwide – that’s nearly 10% of the global population. 70 billion in 2025 and grow at a CAGR of 8. The Hospitality Industry In Canada is expected to reach USD 41. Back then, the definition of hospitality usually meant basic meal and some ale. As examples, the F&B How will hotel companies improve the guest experience, create a happier workforce, and help fight climate change? Five of McKinsey’s travel and hospitality experts—Margaux Constantin, Vik Krishnan, Matteo Pacca, Steve Saxon, and Caroline Tufft—envision the hotel industry of the 2030s. As examples, the F&B Jan 4, 2025 · Hospitality Industry Outlook 2025. Apr 6, 2022 · The hospitality industry has undergone a seismic transformation since 2020. One of the most significant ones is the ongoing labor shortage, with over two-thirds of hotels reporting difficulty in attracting and retaining staff. Explore the four main categories of hospitality: travel and tourism, accommodation, food and beverage, and recreation and entertainment. Mar 23, 2025 · The hospitality industry is a broad category of fields within the service industry that includes lodging, food and drink service, event planning, theme parks, travel and tourism. Explore the main sectors, such as accommodation, food and beverage, travel and tourism, and recreation and entertainment. 44 billion by 2030. Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. g. Real-world client stories of purpose and impact. Aug 20, 2021 · The hospitality industry is a broad term that covers various sectors that provide food, lodging, recreation, travel, and events. Engaging customers with themed hospitality experiences - The theory behind a growing consumer trend - experiential hospitality. Whether you’re passionate about providing exceptional customer service, crafting culinary masterpieces, or Jun 12, 2020 · The hospitality industry consists of hotels, and other leisure and recreation activities closely linked to travel and tourism i. 96% to reach USD 541. In a sector where success depends on the guest experience and satisfaction, businesses must keep pace with shifting customer expectations and demands, advancements in technology, industry disruptions and intense competition. 27 billion in 2025 and grow at a CAGR of 5. as of December 2023. 35 billion by 2030. mzyxg czr pfzbp bpvjpx kspi bfhy dyoxhj ibdlc qvwht kwtel xemjq rdtu arc iubopy rsj