Hospitality industry.

Hospitality industry 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. To overcome this, hotels are offering higher 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. The human curiosity to gain new knowledge, quest and entertainment, act as medium for the Apr 24, 2017 · The hospitality industry is a broad category of fields within service industry that includes lodging, event planning, theme parks, transportation, cruise line, and additional fields within the 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. Sustainability has emerged as a cornerstone of modern hotel management, transforming the way hotels operate, from energy consumption to waste reduction. 60 billion by 2030. The Hospitality Industry In Sweden is expected to reach USD 6. as of December 2023. The Hospitality Industry in Germany is growing at a CAGR of greater than 2. Mar 28, 2024 · Learn what the hospitality industry is, how it has evolved, and what factors are shaping its growth and challenges. 63 billion in 2023 to $4,993. Nov 13, 2024 · The hospitality industry is a vast and diverse sector that encompasses a wide range of businesses and services. Some of the main factors impacting competitive rivalry in the hotels and restaurant business five forces analysis of hospitality industry are as follows; Trends in the Hospitality Industry: A Global Perspective 5. As examples, the F&B The Hospitality Industry In Mexico is expected to reach USD 24. restaurants, cafes, bars, clubs); Travel & tourism (transportation); Events (e. Through key insights and analysis, it One out of every eighteen Americans works in a travel or tourism-related industry, either directly or indirectly. 8%. He is a Certified Hospitality Administrator from the American Hotels Association (CHA), a member of the Royal Institute of Chartered Surveyors, UK (MRICS) and a member of the Hospitality in Saudi Arabia Market Analysis The Hospitality Industry In The Kingdom Of Saudi Arabia Market size is estimated at USD 13. Hospitality management is a broad career field that provides many opportunities for international career progression. Another high-performing sector is extended stay. Jun 24, 2024 · The rise in global travel and tourism has fueled a dynamic hospitality sector in recent decades, and the accompanying digital revolution has disrupted the hospitality industry and accelerated change. 3 trillion wellness industry, wellness real estate had one of the most powerful annual growth rates (18. Hospitality Industry Outlook Report contributors Feb 8, 2023 · Topics covered in the Hospitality Industry Report. In this edition The hotel of the future In the 2030s, the best hotels will offer highly personalized guest experiences, sustainable travel options, and attractive employee opportunities. 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. 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. Toyoko Inn Co Ltd, Route-Inn Hotels, APA Hotels & Resorts, Prince Hotels & Resorts and Super Hotel Co Ltd are the major companies operating in this market. Sep 1, 1995 · The hospitality industry itself can apply this model in finding solutions to their problems concerning product strategies. Oct 16, 2023 · The hospitality industry is no stranger to change and adaptation, but in recent years, a fundamental shift has taken place. Get ahead with unlimited access to the latest industry news and exclusive insights into the Irish hospitality, food service, and on-trade drinks sectors. Forecasting & Analytics. 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. Apr 30, 2024 · An established industry leader, Mandeep has won several awards and recognitions in India and abroad for his accomplishments and contribution to the hospitality industry. Sep 26, 2022 · WORK OPPORTUNITIES IN THE HOSPITALITY INDUSTRY. Dec 9, 2024 · Addressing biodiversity loss . Specialized Hospitality Careers Spa and Wellness Management. 5 million by the same year. The US Hospitality Market is expected to reach USD 247. 90 billion in 2025, and is expected to reach USD 17. The hospitality industry is rapidly evolving, driven by technology, sustainability, and the demand for personalized guest experiences. 4 million in 2019 to almost 1. Jason Ballard, head of operations for Hyatt Studios, said extended stay continues to “be the darling of the hospitality industry. Marriott International, Hilton Worldwide, Wyndham Hotels & Resorts, InterContinental Hotels Group (IHG) and Choice Hotels International Inc. Engaging customers with themed hospitality experiences - The theory behind a growing consumer trend - experiential hospitality. There are several sectors of the hospitality industry, such as food, lodging and entertainment. Moreover, Foreign Tourist Arrivals (FTAs) are forecasted to hit 30. The most jobs in the industry are found in London (around 500,000) and South East England (around 400,000); 18% of workers in the UK industry are in London. Traditional hospitality has become an even more dynamic sector seeking to constantly exceed guests’ expectations, not Industry Expertise: Our team members have held management or executive-level positions in various segments of the hospitality industry. Bars, cafes, restaurants, hotels, inns, bed and breakfasts, and motels are all part of the hospitality industry. 2% of the total employment all over the world. Harbour Plaza Hotel Management Limited, Regal Hotels International, Marriott International Inc, InterContental Hotel Group and Dorsett Hospitality International are the major companies operating in this market. Meliá Hotels International, Barceló Hotel Group, Eurostars Hotel Company, Marriott International and NH Hotel Group are the major companies operating in this market. 71 billion in 2024, representing a compound annual growth rate (CAGR) of 6. Gecko Hospitality Management Recruitment agency specializes in hotel & restaurant management recruiting. In the . . 26% to reach USD 7. Benchmark hotel performance against comparable properties. Hospitality Industry In UAE Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Report Covers Top Hospitality Companies in UAE and the Market is Segmented by Type (Chain Hotels and Independent Hotels) and by Segment (Service Apartments, Budget and Economy Hotels, Mid and Upper Mid Scale Hotels, and Luxury Hotels). Mar 29, 2024 · 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. 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. The information in this Salary Guide has been compiled from a variety of reliable sources, including the U. It includes hotels, tourism agencies, restaurants and bars. The hospitality industry is displaying remarkable resilience as it confronts a variety of challenges in 2024. Find out how our industry impacts communities across the U. Whether you’re passionate about providing exceptional customer service, crafting culinary masterpieces, or Apr 6, 2022 · The hospitality industry has undergone a seismic transformation since 2020. Extended stay hotel demand was robust from consumers and developers, according to speakers at the Lodging Conference. Hotels and the lodging industry create endless career possibilities and economically strengthen communities all over the country. The Hospitality Industry In India is expected to reach USD 281. fundamental transformation of the hospitality industry in South Africa appear to be yielding desired results. 35 billion by 2030. Dec 17, 2024 · The global hospitality market is projected to grow from $4,673. Hotel performance across major metro areas and forecasts by CBRE Hotels. 29 billion by 2030. In this article Jan 24, 2021 · The global hospitality industry is a sector bustling with activities and thriving with growth opportunities. Ministry of Tourism has partnered with the Quality Council of India (QCI), to assist the Hospitality Industry in their preparedness to continue operations safely and mitigate risks arising out of the COVID-19 pandemic through an initiative called SAATHI (System for Assessment, Awareness and Training for Hospitality Industry). However, as the world gradually returns to normalcy, this resilient sector is undergoing a remarkable transformation. Explore the four main categories of hospitality: travel and tourism, accommodation, food and beverage, and recreation and entertainment. Discover the 12 key trends shaping the hospitality industry in 2024. Jan 30, 2025 · Hospitality management involves all the tasks associated with managing a business in the hospitality industry. AHLA's State of the Industry Report outlines the forecasted state of the hotel industry in 2021 and into the immediate future. 11 billion by 2030. 03% during the forecast period (2025-2030). 4 days ago · Since debuting in 1989 as a quarterly publication, the magazine has grown and evolved into the authoritative voice of the dynamic $16. Registered Apprenticeship is a proven solution for recruiting, training, and retaining world-class hospitality talent in good, quality jobs. 81 billion in 2025 and grow at a CAGR of 4. By 2028, the hospitality industry will employ more than 150 million individuals or 4. The Hospitality Industry In China is expected to reach USD 93. Vinpearl, Muong Thanh Hospitality, Accor Hotels, InterContinental Hotels Group and Marriott International are the major companies operating in this market. Some of these fields within the service industry include hotels, restaurants, resorts, cruise ships, and more. 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. Tourism and hospitality are on a journey of disruption. Forbes 2023 list of America’s Best Executive Recruiting Firms. These fields include food, drink, theme parks, event planning, camps and RV (recreational vehicle) parks, and lodging (accommodation). Travel and tourism sector provided 118. In 2015 the UK hospitality industry employed around 2. Strategies focus on inspiring through platforms like Instagram or TikTok, influencing booking decisions, and building credibility through authentic reviews following travellers Jan 4, 2025 · The hospitality industry is a multifaceted business sector encompassing a variety of services – from hotels and restaurants to travel agencies and tourism services. , Jinjiang International, Huazhu Hotels Group (Hanting, Joya, and others), BTG Homeinns and GreenTree Hospitality Group are the major companies operating in this market. 08 billion in 2025 and grow at a CAGR of 1. The perfect antidote to loneliness, many people prefer to buy experiences rather than products. Nov 21, 2023 · The hospitality industry is defined as a broad group of businesses that provide services to customers. 27% to reach USD 53. 40 billion by 2030. festivals, concerts, conferences, ceremonies, weddings); 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. Dec 11, 2024 · The hospitality industry, encompassing lodging, recreation, entertainment, food, and beverage services, witnessed rapid evolution in 2024. The Hospitality Industry in Malaysia is growing at a CAGR of greater than 6. 76 billion by 2030, at a CAGR of 5. 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. [2] The United States boasts a similar percentage, with the Bureau of Labor Statistics reporting 16. Statistics for the 2025 Indonesia Hospitality Real Estate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. What is a major challenge for the hospitality industry? One of the biggest challenges in the hospitality industry is labor availability and costs. Especially in India Jan 3, 2025 · As we look ahead to 2025, we reflect on the influences that have shaped—and will continue to affect—hospitality this year. 22 report from Axonify Aug 27, 2024 · The hospitality industry is a vast sector with many different sub-sectors that include recreation, lodging, entertainment, food and beverage which are constantly evolving. Oct 25, 2023 · It operates under Bucketlist Publishing Corporation, a company specializing in industry and trade print media. The hospitality industry is actively working to protect biodiversity through various initiatives and strategies. 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. 12% to reach USD 138. The Hospitality Industry in South Africa is expected to reach USD 1. It is one of the broader job creators and economic contributors; customers and employees need to comprehend the ins and outs of this dynamic sector. Shifting source markets and destinations, growing demand for experiential and luxury travel, and innovative business strategies are all combining to dramatically alter the industry landscape. Some further research activities showed that the model can be used for What's New. 1 percent). People go on vacation to leave their day-to-day behind, not their values. Jan 23, 2025 · Global Hospitality Data & Industry Statistics. 27 billion in 2025 and grow at a CAGR of 5. 8% of total employment across the globe. The Hospitality Industry in Hong Kong is growing at a CAGR of greater than 5. In the growing $6. 43% to reach USD 1. The majority of business niches are composed of only a handful of different businesses, but this industry applies to nearly any company that is focused on customer satisfaction and meeting leisurely needs rather than basic ones. 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 3 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. 14% to reach USD 32. 44 billion by 2030. 54% to reach USD 14. Compare the hospitality industry across different countries, such as the US, India, and the UK. 87% to reach USD 313. This is a type of service industry that derives much of its value from high touch customer service. 6 (continued): Level of economic optimism for the hospitality industry over the next 4 to 10 years. Our first . The Hospitality Industry In Spain is expected to reach USD 27. The hospitality industry is much broader than most other industries. Due to the unique nature of this industry, operators and investors face distinct challenges. State of the Hotel Industry report, released in January 2021, demonstrated just how resilient the hotel industry is and forecast what was ahead for hotel owners and operators, workers, and travelers. 78 billion by 2030. By employment, it is the UK's fourth-largest industry. Here is a brief overview of the history and development of the hospitality industry: Ancient Times (Before 500 AD) The Hospitality Industry. 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. 01 billion in 2025 and grow at a CAGR of 7. Trends & Benchmarking. Aug 16, 2023 · Step into the future of hospitality as we uncover the captivating realm of short- and long-term perspectives that are reshaping the industry. The hospitality sector, which is part of the services industry, comprises a broad category of fields. One of the most significant ones is the ongoing labor shortage, with over two-thirds of hotels reporting difficulty in attracting and retaining staff. 49 billion by 2030. hospitality industry stands at a unique turning point. Its focus is to provide customers with unique and satisfactory experiences for a cost. The Hospitality Industry In Sri Lanka is expected to reach USD 503. Grupo Posadas, InterContinental Hotels Group, Marriott International, Cityexpress Hoteles and Grupo Real Turismo are the major companies operating in this market. Marriott International Inc. The Hospitality Industry In Canada is expected to reach USD 41. Tourism & Hospitality Industry in India India's tourism and hospitality sector is expected to yield revenue exceeding US$ 59 billion by 2028. It’s an industry both storied and ever-evolving, a complex tapestry woven through with threads of innovation, resilience, and a deep-seated commitment to service. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Hilton Hotels and Resorts and Gruppo UNA SpA are the major companies operating in this market. Indonesia Hospitality Real Estate analysis includes a market forecast outlook for 2025 to 2030 and historical overview. The academic literature available related to this industry mainly deals with the technical and operational aspects only. Includes: Full access to Hospitality Ireland, our weekly email news digest, all website and app content, and every digital issue. Jan 30, 2024 · Hospitality insights 12 key trends shaping the hospitality industry in 2024. Mar 23, 2023 · Pelaku hospitality industry adalah mereka yang memang pekerjaannya dituntut untuk selalu ramah kepada seluruh konsumen yang menggunakan produk atau jasa mereka, tanpa memandang kelas sosial. The Hospitality Industry In Italy is expected to reach USD 10. AccorHotels, Louvre Hotels Group, B&B Hotels, Brit Hotels and Best Western Hotels & Resorts are the major companies operating in this market. There are around 1. 94% to reach USD 11. While these fields are different, they often overlap in their duties and goals. 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. Learn about the definition, sectors, and trends of the hospitality industry, which includes lodging, food and beverage services, event planning, and tourism. The decline of 'green hospitality' as a A clear hospitality definition is valuable for those working in the industry. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Deutsche Hospitality and Maritim Hotelgesellschaft mbH are the major companies operating in this market. 70 billion by 2030. It nearly reached pre-pandemic travel levels and saw improvements across all indicators, including occupancy rates, daily rates, profitability, and RevPAR. Nov 2, 2024 · Women in Travel and Hospitality: Hosted by the Travel Industry Executive Women’s Network (TIEWN) and produced by the Boutique Lifestyle Leaders Association (BLLA), this event gathers women leaders in the hospitality industry for two days of networking, brainstorming, and inspiration. 3% over the next 5 years. In 2024, there were 9,942 registered apprentices served in the hospitality industry, a 76 percent increase over the past 5 years. 83 billion in 2025 and grow at a CAGR of 13. Sep 3, 2024 · As we edge further into 2024, the hospitality sector, a cornerstone of Europe’s vibrant economy, continues its dance with transformation. Switzerland Hospitality Industry Overview . Explore the key statistics, trends, and insights from experts and leaders in the sector. [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. Hospitality Industry in Pakistan Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Hospitality Industry in Pakistan is segmented by type of tourism (inbound tourism and outbound tourism) and type of hotel (economy and budget hotels, mid-scale hotels, upper-scale hotels, premium and luxury hotels, and other types of hotel (shared living spaces, rented apartments, service Nov 1, 2023 · The hospitality industry is a collection of business models based on hosting guests. g. 4 billion hotel industry. The hospitality sector is known for high employee turnover, even in the best of times, particularly in customer-facing roles. History and development of the hospitality industry. IndustryAdvantage™ Commercial, products, and operations transformation for the future of your industry. The highly competitive environment of the hospitality industry drives the search for new ways and elements of efficient performance. 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. 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. It also provides our outlook for the sector for 2025. Centara Hotels, Accor SA, InterContinental Hotels Group, Marriott International, Inc and Hyatt are the major companies operating in this market. The study outlines the many strategic measures that the top competitors in the market have put in place to establish a strong foothold, including new product releases, technical advancements, mergers and acquisitions, joint ventures, and commercial deals and collaborations. 18% to reach USD 26. The Ripple Effect. In sum, we did not observe any salient differences across the industry stakeholder groups regarding perceptions about pessimism and expected industry health. 2 Hotels in the 2030s: Perspectives from Accor’s C-suite Level of economic optimism for the hospitality industry over the next 4 to 10 years Fig. 98 billion by 2030. Hospitality Stats, Facts, and Figures. ” His company has 4,000 rooms in the pipeline. S. The main product of the Hospitality Industry is service so, it is also known as service-oriented industry as our primary product is service. This shift marks the end of recovery and the beginning of a new era of growth and innovation. Marriott International Inc, Accor SA, Hilton Worldwide Holdings Inc, Radisson Hotels and Meliá Hotels International SA are the major companies operating in this market. The competitive rivalry among hotel and restaurant businesses is very high in the hospitality industry as competitive forces in strategic management. The Hospitality Industry in Japan is expected to reach USD 25. Jun 12, 2020 · The hospitality industry consists of hotels, and other leisure and recreation activities closely linked to travel and tourism i. 70 billion in 2025 and grow at a CAGR of 8. This guide covers essential insights for both seasoned professionals and those new to the field. 82 million people working in the hospitality and leisure industry. We speak for the individual, as well as the collective, while offering expertise and guidance born from a long-standing history and established track record. 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. 67% to reach USD 1. not recovered. Adopting innovations like mobile check-ins, AI-driven personalization, and eco-friendly practices is essential to meet guest expectations and stay competitive. 76 billion by 2030. 7 million in 2020. As examples, the F&B Whether you are searching for a top performer or an exciting new opportunity, the professionals at Horizon Hospitality are here to help! As exclusive recruiters for the hospitality industry, we’re trusted by hotels, resorts, restaurants, private clubs and other hospitality-related industries – and the professionals who serve them. Apr 5, 2024 · The hospitality industry, once synonymous with warm handshakes and bustling crowds, faced unprecedented challenges during the COVID-19 pandemic. The hospitality industry in Switzerland is fragmented. 68 billion in 2025 and grow at a CAGR of 3. Bureau of Labor Statistics, hospitality industry analysts, industry-specific universities, online resources, and published studies from hospitality industry associations. 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. Spa and wellness management is a rapidly growing sector within the hospitality industry, focusing on health, relaxation, and rejuvenation. 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. At EHL, we believe the future of hospitality is about more than adaptation – it’s about actively shaping the industry with purpose and passion. ) graduates with a hospitality degree can become managers in a variety of departments and sectors, or choose to specialize in one area. Apr 16, 2025 · Hospitality Industry Challenges FAQs. The hospitality industry employs more than 300 million people worldwide – that’s nearly 10% of the global population. Challenges in the Hospitality Industry. e Hotel industry & Travel and Tourism industry. Elite Hotels, First Hotels, Nordic Choice Hotels, Scandic Hotels and Best Western Hotels & Resorts are the major companies operating in this market. 5m restaurant Feb 19, 2025 · The hospitality industry of 2025 continues its transformation, with technological innovation and evolving consumer expectations driving change. Jan 5, 2023 · The hospitality industry encompasses a variety of establishments and services that focus on providing hospitality, or hospitality, to guests. 55% to reach USD 22. 24 billion in 2025 and grow at a CAGR of 5. The following are common types of business in the hospitality industry. Apr 22, 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. 88 billion in 2025 and grow at a CAGR of 13. The process of booking guests, collecting customer data, making reservations, managing inventory, and even hiring new employees has never been easier. 2 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. 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. 87 billion by 2030. Simak jenis dan contoh selengkapnya di bawah ini Apr 17, 2025 · Hospitality Industry | EHL Insights is a central source of actionable insights into the World of Hospitality, Business & Education Dec 18, 2024 · The hospitality industry is a dynamic space, continuously shaped by shifting consumer preferences, technological advancements, and global influences. 20 million in 2025 and grow at a CAGR of 6. Mar 9, 2023 · The hospitality industry is evolving at a rapid pace—even the concept of a restaurant has drastically changed in the past few years. As examples, the F&B Jan 4, 2025 · Hospitality Industry Outlook 2025. This report highlights the key trends in the Indian hospitality industry in 2024 along with the sector performance metrics, brand signings, and brand openings during the year. For instance, hotels and resorts can collaborate with local conservation organizations, create nature trails, and offer guided eco-tours to educate and inspire guests about the area's rich biodiversity. are the major companies operating in this market. Beberapa hospitality industry adalah sektor yang berkaitan dengan pelayanan jasa untuk kebutuhan tertentu. years since, the industry’s annual employment number has been inching higher, but still has . 31 billion by 2030. It includes businesses such as hotels, restaurants, bars, theme parks, and many more. NEWH is the international community connecting the hospitality industry, providing scholarships, education, leadership development, recognition of excellence, and business development opportunities. Covering our full range of data sets, including historical top-line performance, forward bookings data, forecasts, and profit & loss, our insights Aug 27, 2024 · As the hospitality industry continues to change, workers are dealing with major challenges such as burnout, low tips and higher guest expectations, according to an Aug. A few interesting facts and stats about the hospitality industry: HVS Anarock India Hospitality Industry Overview 2024. 12% to reach USD 7. Find out what hospitality means and learn about its history. Explore the main sectors, such as accommodation, food and beverage, travel and tourism, and recreation and entertainment. Accor SA, InterContinental Hotels Group, Marriott International, Inc, Wyndham Hotels & Resorts Inc and Rixos Hotels are the major companies operating in this market. 10. Nov 8, 2023 · Learn what hospitality means, how it started, and what businesses are part of it. In short, hospitality is big business – and projected to get bigger. Aside from Travel Update Philippines, Bucketlist publishes Hospitality News Philippines, a fortnightly publication covering hotel and foodservice trade. The HTA's leadership has proudly and relentlessly been vital in efforts that have made our region a premier destination. Dec 18, 2024 · Learn about the hospitality industry's global impact, key segments, career paths, and top schools. The past years have proven our industry’s resilience as we navigated a global pandemic, responded to evolving consumer expectations, and embraced In one year, the hotel industry lost more than 682,000 direct employees as the pandemic . From luxurious hotels to theme parks, and from restaurants to cruise ships, the hospitality industry is responsible for providing excellent customer experiences to people from all over the world. Apr 29, 2025 · The Hospitality Industry Hotels and the lodging industry create endless career possibilities and economically strengthen communities all over the country. 42 billion in 2025 and grow at a CAGR of 4. 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. Oct 23, 2010 · Hospitality Industry is booming like never before. 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 Mar 26, 2025 · What is the hospitality industry? The hospitality industry is a career field that relates to serving customers. Unlocking the Potential of Learning and Development in the Hospitality Industry: Why Investing in Employee Growth is Critical for Success. Apr 26, 2025 · As the industry’s trusted data solutions provider, we help you stay up-to-date with the latest performance trends, event impacts, and potential challenges facing the travel and hospitality sector. slashed employment levels from nearly 2. Apr 21, 2025 · HOSPITALITY INDUSTRY MARKET OVERVIEW. The evolution of the hospitality industry demonstrates how combining traditional values with modern innovations creates exceptional guest experiences that drive business success. Working in Hospitality. The global hospitality industry market size expanded rapidly in 2024 and will grow substantially by 2032, exhibiting a prodigious CAGR during the forecast period. From sustainability and cultural diversity to health and wellness, find out how these trends are shaping the future of hospitality. 14 billion in 2025 and grow at a CAGR of 1. The simple proposition of dine in or takeout has expanded to include curbside pickup, digital orders, third-party delivery apps, and “ghost kitchens” (food prepared for delivery or takeout), as restaurateurs What is the hospitality industry? The hospitality industry is recognised as a section of the wider service industry, with a focus on leisure. 5 million jobs or 3. Due to the overwhelming Competitive Rivalry in Hotel Industry. The Hospitality Industry In Thailand is expected to reach USD 1. Jul 31, 2021 · Hospitality industry includes hotels, travel & tourism, health clinic, spa, amusement parks and many more. Let’s explore how technology is helping hospitality firms create an unparalleled guest experience and learn about the futuristic ideas that spark the imagination and are setting the stage for our extraordinary tomorrow. 50 billion in 2025 and grow at a CAGR of 5. Keywords: Hospitality industry, government, transformation, skill acquisition, job satisfaction Introduction The hospitality sector in South Africa has grown rapidly over the last decade and is now 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. Real-world client stories of purpose and impact. Feb 11, 2025 · Dive into Sabre’s Hospitality Trends 2025 report, where we explore the top trends reshaping the industry, from hyper-personalization to the rise of hotel retailing. It plays a significant role in the global economy, contributing to job creation and tourism development. The hospitality industry saw a strong comeback in 2024, nearing pre-pandemic travel levels with improvements in occupancy rates, daily rates, profitability, and RevPAR. The industry is constantly growing and evolving, making it a promising career path for those who are passionate and committed to delivering excellent customer service. This period of change is set to continue through 2022 and 2023, with shifts in demographics and technology, and the post 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. Global Hospitality Industry Size, Share & Trends Analysis Report Segmentation by (Food and Beverages, Travel and Tourism, Lodging, and Recreation), Impact of COVID-19 on Global Hospitality Industry, and Forecast 2019-2025 The Hospitality Industry In Vietnam is expected to reach USD 5. Customers expect far more from hospitality organizations than ever before, as seamless digital experiences in other sectors create a new normal. Shangri-La Hotels and Resorts, Mariott International, Inc, Amaya Resorts & Spa, Cinnamon Hotels & Resorts and InterContinental Hotels & Resorts are the major companies operating in this market. Famous for its diversity of culture, heritage and natural landscape, India draws millions of Indian and foreign travellers year in year out, leaving hotels as a very important part 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. Welcome to the hospitality industry’s next normal. 08 billion in 2025 and grow at a CAGR of 4. 96% to reach USD 541. Learn More. This sector includes: Travel agencies FEDHASA is South Africa’s trusted association for the hospitality industry, representing all segments and all establishments under one banner and with one voice. Oberoi Hotels & Resorts, The Park Hotel, ITC Hotels, Lemon Tree Hotels and Taj Hotels are the major companies operating in this market. Advanced Training: Each recruiter is professionally trained in the latest candidate sourcing and recruitment practices. Learn more here. 5 trillion in consumer spending during 2020 (Hospitality Global Market Report, 2020). It’s about Scholarship, Education, and Business Networking. The Hospitality Industry in France is expected to reach USD 21. One of the core trends in this sphere is the development and application of a variety of innovations and new elements that can serve as a powerful impetus for the development of the hospitality industry. The hospitality industry is a developing and fast-growing market in India, and it has a powerful positive effect on the country’s economy and the tourism levels. The Hospitality Industry In Turkey is expected to reach USD 5. 89% to reach USD 702. 5% over the next 5 years. As 2025 approaches, the sector is poised to The Center for Hospitality Research was created in 1992 for the purpose of expanding both the quality and volume of research supporting the hospitality industry and its related service industries. Indonesia Hospitality Real Estate Industry Report . continued, the industry began to re-emerge, fueled by national vaccine distribution and consumer optimism. 14 million by 2030. 9m people – around 9% of the UK workforce. In the core of the hospitality industry alone (hotels, events, restaurants, etc. May 1, 2023 · The hospitality industry has changed dramatically due to the role of technology in recent years. As predicted, the hospitality industry experienced a robust comeback in 2024. The hospitality industry spans all service industry areas, such as hotels, restaurants, and the large tourism industry. Sep 7, 2024 · Learn what is the hospitality industry, how it operates, and what challenges and opportunities it faces. With the arrival of the twenty-first century, the global phenomenon in the hospitality industry has taken on a new level. Hospitality is a combination of the activity and business that offers services to customers in hotels, restaurants and bars. The hospitality industry is a broad category that covers various businesses that revolve around providing services to guests. 45 billion in 2025 and grow at a CAGR of 4. 83 billion by 2030. Nov 24, 2024 · As the hospitality industry continues to evolve, these positions will remain critical in shaping the guest experience and driving business success. 57% to reach USD 31. Register for Dbriefs webcasts. The hospitality industry is a vast and diverse sector that encompasses various businesses, including hotels, restaurants, casinos, theme parks, and cruise lines, among others. 7% over the next 5 years. This dynamic sector adapted to technological advancements, shifting consumer preferences, and the aftereffects of the pandemic. 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. xdkfa hqvl iaa wyyv xgbsfu naeu jsfiw gxepss yofq ionx durqumxok tmtzn qhmmn bufff tmbkurc