Hospitality Market 2021: Global Industry Analysis By Size, Share, Growth, Trends

Posted by ramacharitbrc on September 29th, 2021

Hospitality Global Market Report 2021 by The Business Research Company is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact – both negative and positive – of COVID-19 on the hospitality industry gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. This includes revised market numbers according to the effects of the coronavirus and the expected hospitality market growth numbers 2021-2030.

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The Hospitality Global Market Report 2020-30 by The Business Research Company provides an in-depth analysis of the global hospitality market and covers both the historic period, 2015 to 2020, and the forecast period, 2020 to 2030. The report evaluates the market and major economies across the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Hospitality Global Market Report 2021 covers hospitality market drivers, hospitality market trends, hospitality market growth rate, hospitality market major players, player-adopted strategies in the market, and hospitality market size.

The global hospitality market is expected to grow from 86.77 billion in 2020 to 32.5 billion in 2021 at a compound annual growth rate (CAGR) of 18.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach 97.78 billion in 2025 at a CAGR of 6%.

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The report covers the hospitality market segments-
1) By Type: Non-Residential Accommodation Services, Food And Beverage Services

2) By Ownership: Chained, Standalone

About The Business Research Company: 
The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology. It has offices in the UK, the US and India and a network of trained researchers in 20+ countries globally.  

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The Business Research Company 
Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

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