The hospitality market consists of sales of accommodation and food services and related goods by entities (organizations, sole traders or partnerships) that provide customers with lodging and/or prepare meals, snacks, and beverages for immediate consumption. The market covers both accommodation and food services because the two activities are often combined at the same establishment.
The hospitality market size is expected to reach $5 trillion by 2022, significantly growing at a CAGR of around 7% during the forecast period. Major players in the global hospitality market are McDonald's, Compass Group plc, Starbucks, Sodexo, Marriott International, and Subway.
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Factors Driving the Growth of Global Hospitality Market:
The growth in the hospitality market is due improved earning capacity, economic growth in developed nations and technological development. However, the market for hospitality is expected to face certain restraints from several factors such as talent crunch in emerging Asia, online travel agencies (OTAS) increasing power.
Detailed Segmentation - By Type:
The hospitality market is segmented into food and beverage services and non-residential accommodation services
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Table Of Content
1. Executive Summary
2. Report Structure
3. Hospitality Market Characteristics
4. Hospitality Market Product Analysis
5. Hospitality Market Supply Chain
6. Hospitality Market Customer Information
7. Hospitality Market Trends And Strategies
8. Hospitality Market Size And Growth
9. Hospitality Market Regional Analysis
10. Hospitality Market Segmentation
11. Hospitality Market Segments
12. Hospitality Market Metrics
13. Asia-Pacific Hospitality Market
14. Western Europe Hospitality Market
15. Eastern Europe Hospitality Market
16. North America Hospitality Market
17. South America Hospitality Market
18. Middle East Hospitality Market
19. Africa Hospitality Market
20. Hospitality Market Competitive Landscape
21. Key Mergers And Acquisitions In The Hospitality Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer
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