Hospitality Coverage

Floating hotels refer to accommodation facilities built on or designed to float on water bodies such as rivers, lakes, or oceans. These floating hotels offer a unique travel experience, combining the comfort and convenience of a hotel with the excitement of exploring various destinations during the voyage. The main types of rooms in floating hotels are single occupancy and double occupancy. A single occupancy room refers to a hotel room or accommodation facility designed and intended for the occupancy of a single individual. It comes in various price ranges, including premium, mid and low and is mainly available through phone booking, online booking, and in-person booking channels. The global floating hotels market is segmented - 1) By Room Type: Single Occupancy, Double Occupancy 2) By Price Range: Premium, Mid, Low 3) By Booking Channel: Phone Booking, Online Booking, In-Person Booking The global floating hotels market is expected to grow from $4.17 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The floating hotels market is expected to reach $5.97 billion in 2027 at a CAGR of 7.2%. The increasing demand for cruise tourism is expected to propel the growth of the floating hotels market going forward. Cruise tourism refers to the industry and practice of traveling on cruise ships for leisure, recreation, and tourism purposes. Floating hotels are a unique and exciting concept for cruise tourism, offering a range of benefits and possibilities, such as extended stay accommodation, expedition base camps, and event venues. For instance, in May 2023, according to Tourism Review Media, a UK-based travel and tourism news portal, in Turkey, 1,500 cruise ships and over 1.5 million passengers traveled in 2023, and cruise passengers are expected to reach 2.3 million in 2024. Therefore, increasing demand for cruise tourism is driving the growth of the floating hotels market. Major players in the floating hotels market are Marriott International Inc., Hilton Worldwide Holdings Inc., Four Seasons Hotels Ltd., Accor Group, The Ascott Limited, Karisma Hotels & Resorts, COMO Hotels and Resorts Pte. Ltd., Indian Hotels Company Limited, Ginger Hotels, Alila Hotels And Resorts Pte. Ltd., The Queen Mary, Aqua Expeditions Pte. Ltd., Montreal Alouettes, King Pacific Lodge, Huvafen Fushi, Archello BV, The Manta Resort, Poovar Island Resort, Sunborn London, SeaVentures Inc., Fregate Island Private, Oberoi Hotels & Resorts, Salt & Sill, Off Paris Seine, and Pangu 7 Star Hotel Beijing. Solar-powered floating hotels have emerged as a key trend gaining popularity in the floating hotels market. Solar-powered floating hotels are accommodation entirely powered by solar energy and float on the water's surface. Major companies operating in the floating hotels market are focused on developing innovative solar-powered hotels to sustain their position in the market. For instance, in 2021, Mantis Collection., a South Africa-based property management company, launched the Kivu Queen uBuranga, a solar-powered, motorized yacht floating hotel. It has advanced waste management and heating systems, making it a sustainable and environmentally friendly option for travelers. It includes three decks, ten cabins, a swimming pool, a hot tub, a wellness center, a restaurant, and a bar. It offers six luxury cabins, two deluxe, one VIP, and one presidential cabin. In December 2021, Hotel Polo Towers Group., an India-based hotel company, acquired Floatel for an undisclosed amount. With this acquisition, Hotel Polo Towers Group aims to expand its hotel portfolio, take advantage of a unique location, and improve its customer service offerings by providing engaging guest experiences, renaming Floatel as Polo Floatel. Floatel is an India-based hotel company with South Asia's first floating hotel. North America was the largest region in the floating hotels market in 2022. The regions covered in floating hotels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the floating hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The floating hotel market includes revenues earned by entities by providing accommodations, dining options, entertainment, recreational activities, kids and family services, cultural and enrichment programs, special occasion services, and transportation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The floating hotels market research report is one of a series of new reports from The Business Research Company that provides floating hotels market statistics, including floating hotels industry global market size, regional shares, competitors with a floating hotels market share, detailed floating hotels market segments, floating hotels market trends and opportunities, and any further data you may need to thrive in the floating hotels industry. This floating hotels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

An extended stay hotel is an accommodation establishment designed to cater to individuals or groups who require lodging for an extended period, typically longer than a traditional short-term stay at a standard hotel. These hotels offer fully furnished suites or rooms with amenities such as kitchenettes or full kitchens, making them suitable for guests who need a place to stay for weeks, months, or even longer. The main types of extended-stay hotels are economic, middle, and luxury. Economic refers to a category of hotel rooms that cost less than first-class accommodation. The various stay duration includes weekly, long term. The various tourist types including domestic, and international can book through various booking channels such as online, on the phone, and in-person. These are used by various applications such as travelers, business customers, trainers and trainees, government and army staff, and others. The global extended stay hotel market is segmented - 1) By Type: Economic, Middle, Luxury 2) By Stay Duration: Weekly, Long Term 3) By Tourist Type: Domestic, International 4) By Booking Channel: Online, On Phone, In-Person 5) By Application: Travelers, Business Customers, Trainers And Trainees, Government And Army Staff, Other Applications The global extended stay hotel market is expected to grow from $18.33 billion in 2022 to $19.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The extended stay hotel market is expected to reach $25.17 billion in 2027 at a CAGR of 6.5%. The growing tourism sector is expected to propel the growth of the extended-stay hotel market going forward. Tourism is a cultural, social, and economic phenomenon involving individuals traveling to nations or locations beyond their typical environment for personal, business, or professional reasons. Extended-stay hotels offer travelers, business clients, and other people home-like comfort by providing different amenities and services, such as cleaning and cooking, to help them stay productive in a new city or place. For instance, in June 2022, according to the U.S. Department of Commerce, a US-based administration, the number of international visitors to the United States increased to 22.1 million in 2021, up from 19.2 million in 2020. Therefore, the growing tourism sector is driving the growth of the extended-stay hotel market. Major players in the extended stay hotel market are Marriott International Inc., Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, Accor Group, G6 Hospitality LLC, InterContinental Hotels Group PLC, Wyndham Hotels & Resorts Inc., Choice Hotels International Inc., Extended-stay America Inc., The Ascott Limited, Sonder Holdings Inc., InTown Suites, Larkspur Landing, National Corporate Housing Inc., Kasa Living Inc., Domio Inc., Ginosi Corporation, Synergy Global Housing LLC, My Place Hotels of America LLC, Mint House Inc., Blueground, The Locale LLC, Bridge Street Motor Inn, Bungalow Hotel, Corporate Worldwide Stay LLP, Le Square Phillips, Les Suites Hotel, WaterWalk Hotel Apartments, Zeus Living Inc., and Crestwood Suites Hotel. Innovations in extended-stay hotels are a key trend gaining popularity in the extended-stay hotel market. Major companies operating in the extended-stay hotel market are introducing innovative brands that provide a unique experience to sustain their position in the market. For instance, in May 2023, Hilton Inc., a US-based hotel company, launched Project H3, a lower-midscale extended stay brand. The new brand offers apartment-style lodging with a flexible layout and four unique areas for guests to rest, work, prepare meals, and refresh. This stay includes a fully furnished kitchen with a full-sized fridge, dishwasher, microwave, two-burner hob, and many more, and caters to guests that stay for at least 20 nights. The bottom floor and lobby would also house a front desk, fitness center, laundry room, and small retail store. In June 2021, Blackstone Real Estate Partners, a US-based real estate investing company, and Starwood Capital Group, a US-based investment company, acquired Extended Stay America Inc. (ESA) and ESH Hospitality Inc. (ESH) for $6 billion. With this acquisition, Blackstone and Starwood Capital Group could occupy the favorable position of the extended-stay market and seize the growth opportunity. Extended Stay America Inc. is a US-based hotel that provides extended stay hotel services. North America was the largest region in the extended stay hotel market in 2022. The regions covered in extended-stay hotel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the extended-stay hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The extended-stay hotel includes revenues earned by entities through food services, housekeeping services, pet-friendly accommodations and cleaning services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The extended stay hotel market research report is one of a series of new reports from The Business Research Company that provides extended stay hotel market statistics, including extended stay hotel industry global market size, regional shares, competitors with an extended stay hotel market share, detailed extended stay hotel market segments, market trends and opportunities, and any further data you may need to thrive in the extended stay hotel industry. This extended stay hotel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Business travel lodging refers to the accommodations or lodgings that people or businesses reserve for themselves or their workers when traveling for business. These lodging options offer amenities and services that facilitate a productive and comfortable stay for individuals traveling for work purposes. The main types of business travel lodging are motels, serviced apartments, and vacation rentals. A hotel is a type of lodging that provides rooms for rent as well as other amenities such as a restaurant, bar, and fitness center. The various price ranges include economy or budget, mid-scale, and upscale or luxury. The various traveler types include solo travelers, croup travelers, business travelers, and leisure travelers, who can book through various booking channels, such as online travel agencies (OTAs), direct booking, and corporate bookings. These are used by various industries such as construction and engineering, pharmaceutical and healthcare, agriculture food and beverage, hospitality, business services and consulting, information technology(IT) and telecom, finance and insurance, non-profit organizations, transport and logistics, and others. The global business travel lodging market is segmented - 1) By Type: Hotels, Motels, Serviced Apartments, Vacation Rentals, Other Types 2) By Price Range: Economy Or Budget, Mid-scale, Upscale Or Luxury 3) By Traveler Type: Solo Travelers, Croup Travelers, Business Travelers, Leisure Travelers 4) By Booking Channel: Online Travel Agencies (OTAs), Direct Booking, Corporate Bookings 5) By Industry: Construction And Engineering, Pharmaceutical And Healthcare, Agriculture Food And Beverage, Hospitality, Business Services And Consulting, Information Technology(IT) And Telecom, Finance And Insurance, Non Profit Organizations, Transport And Logistics, Other Industries The global business travel lodging market is expected to grow from $334.42 billion in 2022 to $357.35 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The business travel lodging market is expected to reach $447.96 billion in 2027 at a CAGR of 5.8%. The growth of the travel and tourism industries is expected to propel the growth of the business travel lodging market going forward. The travel and tourism industry refers to a large sector that includes people who travel to other places, either nationally or internationally, as well as various activities, services, and businesses related to travel, tourism, and hospitality. Business travel lodging in tourism destinations provides several benefits for professionals, such as accessibility to tourist attractions, improved work-life balance, and networking in a relaxed setting. For instance, in July 2022, according to the International Trade Administration, a US-based Intergovernmental organization, the total non-resident international visitor flow in the United States increased to 5,210,752, with an increase of 160.8% from July 2021. Therefore, the growth of the travel and tourism industries is driving the growth of the business travel lodging market. Major players in the business travel lodging market are American Express Company, Marriott International Inc., Booking.com, Priceline, Booking Holdings Inc., Hilton Worldwide Holdings Inc., Carlson Wagonlit Travel, Holiday Inn Express, Best Western International Inc., Four Seasons Hotels Limited, Radisson Hospitality AB, InterContinental Hotels Group, BCD Group, Hyatt Hotels Corporation, Accor SA, Agoda, Pullman Hotels and Resorts, TripAdvisor Inc., Wyndham Hotels and Resorts, Choice Hotels International Inc., Ritz Carlton Hotels LLC, Kayak, Mandarin Oriental Hotel Group, Kesari Tours Pvt Ltd., Extended Stay America Inc., Fairmont Hotels and Resorts, Candlewood Suites, Travelers Haven, Novotel, and SevenRooms. Technological advancements are a key trend gaining popularity in the business travel lodging market. Major companies operating in the business travel lodging market are adopting new technologies to sustain their position in the market. For instance, in October 2022, Stayntouch, a US-based enterprise mobile cloud platform, launched Stayntouch 2.0, a cutting-edge technology suite for the hotel industry. This comprehensive offering includes an upgraded cloud property management system (PMS), a guest kiosk, a secure payment gateway, a customizable booking engine, and an easy-to-use channel manager. The suite enables hotels to deliver superior service through mobile platforms, automation, mobile guest check-in, and automated upsells. Stayntouch 2.0 aims to empower hotel operators to take control of the guest experience while simplifying processes and scaling business operations. In March 2022, Summit Hotel Properties Inc., a US-based real estate investment trust company, acquired Canopy by Hilton for $56 million. With this acquisition, Summit Hotel Properties' portfolio has been enlarged, along with its revenue potential. Canopy by Hilton is a US-based hotel chain with a hyper-local focus on its cuisine, hospitality, artwork, and design, aimed at leisure and business travelers. Asia-Pacific was the largest region in the business travel lodging market in 2022. The regions covered in the business travel lodging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the business travel lodging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The business travel lodging market includes revenues earned by entities by providing services such as concierge services, corporate housing, conference centers accommodation, and travel management services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The business travel lodging market research report is one of a series of new reports from The Business Research Company that provides business travel lodging market statistics, including business travel lodging industry global market size, regional shares, competitors with a business travel lodging market share, detailed business travel lodging market segments, market trends, and opportunities, and any further data you may need to thrive in the business travel lodging industry. This business travel lodging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nutraceutical contract manufacturing services refer to outsourcing the manufacturing and production of nutraceutical products to specialized contract manufacturing companies. Nutraceuticals combine the benefits of nutrition and pharmaceuticals, including dietary supplements, functional foods, and herbal products, which are consumed for their potential health and wellness benefits. The main product types of nutraceutical contract manufacturing services are dietary supplements, functional food, and beverages. Dietary supplements are products that contain vitamins, minerals, herbs, botanicals, amino acids, or other dietary ingredients intended to supplement an individual's diet. The various dosage forms include tablets, capsules, liquid oral, powder in sachet or jar, gummies, energy bars, and others that are used by various end users such as big pharmaceutical companies, small and medium-sized pharmaceutical companies, generic pharmaceutical companies, and others. The global nutraceutical contract manufacturing services market is segmented - 1) By Product: Dietary Supplements, Functional Food And Beverages 2) By Dosage Form: Tablets, Capsules, Liquid Oral, Powder In Sachet Or Jar, Gummies, Energy Bars, Other Forms 3) By End User: Big Pharmaceutical Companies, Small And Medium Sized Pharmaceutical Companies, Generic Pharmaceutical Companies, Other End Users The global nutraceutical contract manufacturing services market is expected to grow from $137.43 billion in 2022 to $154.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutraceutical contract manufacturing services market is expected to reach $247.14 billion in 2027 at a CAGR of 12.4%. The rising prevalence of chronic diseases is expected to drive the growth of the nutraceutical contract manufacturing services market going forward. Chronic disease refers to a health condition or disease that is long-lasting in its effects, usually lasting for three months or longer, and may get worse over time. Nutraceutical contract manufacturing provides nutraceutical brands with accelerated product development and production timelines for high-quality, customized nutraceutical products that can help manage and prevent chronic diseases. For instance, in January 2023, according to the National Center for Biotechnology Information (NCBI), a US-based international resource for the scientific research community, the number of individuals aged 50 years and older who have one or more chronic illnesses and is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Furthermore, in April 2022, according to statistics published in the National Council on Aging’s report, a US-based charitable organization for older Americans with service providers and policymakers, approximately 80% of persons aged 65 and older will have at least one chronic ailment, with 68% having two or more in the United States. Therefore, the rising prevalence of chronic diseases is expected to propel the growth of the nutraceutical contract manufacturing services market. Major players in the nutraceutical contract manufacturing services market are Nutra Manufacturing Inc., Royal DSM, Lonza Group AG, Glanbia Plc., Herbalife International of America Inc., Catalent Inc., Ashland Global Holdings Inc., American Health Foundations Inc., Nutraceutical Corporation, Robinson Pharma Inc., Gemini Pharmaceuticals Inc., Nutrivo, Menadiona, NutraLab Canada Ltd., Martínez Nieto, Rain Nutrience Ltd., Biovencer Healthcare Pvt Ltd., NutraScience Labs, ABH Pharma Inc., NutraPak USA, Biotrex Nutraceuticals, Nutrafill LLC, Quest Nutra Pharma, EnzymeWorks Inc., and Vestanutra. Investments in establishing new nutraceutical contract manufacturing facilities are a key trend gaining popularity in the nutraceutical contract manufacturing services market. For instance, in March 2023, Evonik Industries AG, a Germany-based specialty chemicals company that provides nutraceutical contract manufacturing services, established a new GMP facility to manufacture lipids for advanced pharmaceutical drug delivery applications. Furthermore, in June 2022, Star Combo Pharma, an Austria-based company that provides nutraceutical contract manufacturing services, established a new facility with an investment of $7.5 million to double its manufacturing output. In January 2023, Sirio Pharma, a China-based contract manufacturer and developer of nutritional and dietary supplement products, acquired Best Formulations for an undisclosed amount. Through this acquisition, Sirio Pharma aims to enhance its global presence and deliver high-quality products to customers worldwide, catering to the production requirements of both international and local brands. Best Formulations is a US-based contract manufacturer specializing in nutritional supplements and personal care products. Asia-Pacific was the largest region in the nutraceutical contract manufacturing services market in 2022. The regions covered in nutraceutical contract manufacturing services report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nutraceutical contract manufacturing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada. The nutraceutical contract manufacturing services market includes revenues earned by entities by providing formulation development, ingredient sourcing, screen printing and labeling, and quality control services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The nutraceutical contract manufacturing services market research report is one of a series of new reports from The Business Research Company that provides nutraceutical contract manufacturing services market statistics, including the nutraceutical contract manufacturing services industry's global market size, regional shares, competitors with a nutraceutical contract manufacturing services market share, detailed nutraceutical contract manufacturing services market segments, nutraceutical contract manufacturing services market trends, and opportunities, and any further data you may need to thrive in the nutraceutical contract manufacturing services industry. This nutraceutical contract manufacturing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Catering Services And Food Contractors Market Definition

Catering refers to a service that provides various services such as preparing, cooking, and serving food for clients. Food contractor refers to any individual who, in accordance with a food service contract, engages or maintains staff to offer food services. The catering services and food contractors market includes revenues earned by entities by providing food services at an institutional, governmental, commercial, or industrial location on a contractual basis for a specified period of time. Usually, a catering service sends staff to prepare chafing dishes, bowls, and platters filled with food and waiters, waitresses, and busboys to set tables and serve meals during sit-down dining occasions. Catering businesses also provide services for birthday parties, wedding receptions and other occasions.

Restaurants And Mobile Food Services Market Definition

Restaurants are establishments that serve cooked meals and beverages to customers in a designated eating area. Mobile food services, also known as food trucks or mobile catering, involve the sale of prepared food and beverages from a mobile vehicle or cart. These services are not confined to a fixed location and can move from one place to another. The restaurants and mobile food services market consists of sales, by entities (organizations, sole traders and partnerships), of restaurant and mobile food services and related goods that are used to serve food and beverages to the customers in a designated area or through motorized vehicles or non-motorized carts. Restaurants usually provide a wide range of menu selections, from appetizers, main dishes, desserts and beverages. Restaurants can differ in terms of cuisine, style and ambiance, appealing to a wide range of interests and preferences. They usually have professional kitchens and skilled workers to make and serve the meal. Customers go to restaurants to have a sit-down dining experience.

Fast food and quick service restaurant are fast-food outlets where people pay for food at the counter before consumption. Fast-food restaurants are part of a restaurant chain that provides standardized ingredients or partially prepared foods and supplies to each restaurant through controlled supply channels. The main types of fast food and quick service restaurant are chain and independent. The fast food chain is a chain of restaurants serving fast food. The various products involved are burgers and sandwiches, pizzas and pasta, drinks and desserts, chicken and seafood, and others that are served by eat-in, takeaway, drive-through, and home delivery services which consist of american, chinese, italian, mexican, japanese, turkish and lebanese and other cuisines. The global fast food and quick service restaurant market is segmented - 1) By Type: Chain, Independent 2) By Product Type: Burger And Sandwiches, Pizzas And Pastas, Drinks And Desserts, Chicken And Seafood, Other Product Types 3) By Service: Eat-In, Takeaway, Drive-Through, Home Delivery 4) By Cuisine: American, Chinese, Italian, Mexican, Japanese, Turkish And Lebanese, Other Cuisines The global fast food and quick service restaurant market size is expected to grow from $273.20 billion in 2022 to $292.78 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global fast food and quick service restaurant market size is expected to reach $371.47 billion in 2027 at a CAGR of 6.1%. The increasing popularity of restaurants is expected to propel the growth of the fast-food and quick-service restaurant market going forward. A restaurant is a business that prepares and serves food and drinks to customers. The restaurants are typically found inaccessible locations where the food can be ordered and consumed promptly in a shorter time which is convenient for customers. Hence, the increasing popularity of restaurants will increase the demand for fast food and quick service restaurant. For instance, in 2022, according to the International Conference on Financial Innovation and Economic Development and American Catering Association statistics, Out of 5536 transactions, 90% of consumers like to go to restaurants, 44% of consumers ordered takeout through restaurant apps or websites in the past year, and 22% prefer restaurants with Internet services. Therefore, the rising demand for fast food items is driving the fast food and quick service restaurant market. Major players in the fast food and quick service restaurant market are McDonald's Corporation, Burger King, Carrols Restaurant Group Inc., Chipotle Mexican Grill, Darden Concepts Inc., Del Taco Restaurants Inc., Jack in the Box Inc., Kotipizza Group Oyj, Ark Restaurant Corp., Restaurant Brands International Inc., Subway, The Wendy’s Company, Yum! Brands, Quality Is Our Recipe LLC, Starbucks Corporation, Domino's Pizza, Coffee Day Global Limited, DD IP Holder LLC, Dunkin Brands Group, Hunt Brothers Pizza, Jollibee Foods Corporation, Little Caesar Enterprises Inc., Papa John's International Inc., and Pizza Hut. Technological advancements are a key trend gaining popularity in the fast-food and quick-service restaurant market. Major companies operating in the fast food and quick service restaurant market are focused on developing new solutions to strengthen their position in the market. For instance, in April 2022, Toast, a US-Cloud based company launched Quick Service, which is completely customizable and is designed specifically to help quick-service restaurants. The quick service for restaurants is built for casual, counter-service restaurants based on their unique needs, helping them run more efficient and profitable businesses. These quick serves can improve revenue and provide a better guest experience. In December 2021, Restaurant Brands International Inc., a Canada-based fast food holding company acquired Firehouse Restaurant Group Inc for $1.0 billion. With this acquisition, RBI will expand its family of quick-service restaurant brands, which already include Popeyes, Tim Hortons, and Burger King. Firehouse Restaurant Group Inc is a US-based quick restaurant chain that provides sandwiches, drinks, and salads, hot and cold subs. North America was the largest region in the fast food and quick service restaurant market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global fast food and quick service restaurant market report during the forecast period. The regions covered in the global fast food and quick service restaurant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the fast food and quick service restaurant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The fast food and quick service restaurant market include revenues earned by prodiving services related to sit-down restaurants, buffet-style eateries, takeaways, and fast-food dining. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fast food and quick service restaurant market research report are one of a series of new reports from The Business Research Company that provides fast food and quick service restaurant market statistics, including fast food and quick service restaurant industry global market size, regional shares, competitors with fast food and quick service restaurant market share, detailed fast food and quick service restaurant market segments, market trends, and opportunities, and any further data you may need to thrive in the fast food and quick service restaurant industry. This fast food and quick service restaurant market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Dormitory refers to a large residential building or facility that offers accommodation services to groups of people such as students or workers. Dormitories are often located on or near college and university campuses, as well as military bases providing affordable housing options. The main types of dormitories included are rooming and boarding houses and college housing. Rooming and boarding houses refer to residential structures in which individuals or families can rent a room or a portion of a house, usually with shared common areas like bathrooms and kitchens. Various services provided are PBSA (Purpose Built Student Accommodation), private rented sector, university accommodation, and others, which are used for various applications, including freshman, sophomore, junior, senior, 5th year or later, and graduate students. The global dormitories market is segmented - 1) By Type: Rooming And Boarding Houses, College Housing 2) By Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services 3) By Application: Freshman, Sophomore, Junior, Senior, 5Th Year Or Later, Graduate Student The global dormitories market size is expected to grow from $15.99 billion in 2022 to $17.95 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dormitories market size is expected to reach $27.00 billion in 2027 at a CAGR of 10.7%. The increasing student population is expected to propel the growth of the dormitories market going forward. Dormitories are commonly used by students as a convenient and cost-effective lodging option. Furthermore, dormitories provide students with the opportunity to live in a social and diverse environment, allowing them to form relationships with students from various backgrounds. Moreover, dormitories are an attractive option for students due to their affordability and proximity to campus. For instance, in January 2022, according to the Higher Education Statistics Agency (HESA), a UK-based official agency that collects and publishes data about higher education of the country, 2,751,865 students were enrolled in higher education overall in 2020–21, an increase of 9% from 2019–20. While the number of first-year degree applicants increased by 8%, the number of first-year postgraduate students increased by 16%. First-year enrolment increased by 4% for non-UK students and by 13% for students from the UK. First-year enrolment from India increased by 27%. Therefore, an increasing student population is driving the growth of the dormitories market. Major players in the dormitories market are Harrison Street, The Preiss Company, Greystar, The Scion Group LLC, Asset Living LLC, The Collier Companies, American Campus Communities, Kyoritsu Maintenance Co. Ltd., Rzeszów University of Technology, Metropolitan Housing Trust Limited, Civeo Corporation, University Living, Yugo USA LLC, Metropolitan Housing Trust Limited, and Civeo Corporation. Technological advancements are a key trend gaining popularity in the Dormitories market. Companies operating in the dormitories market are integrating new technologies to develop innovative student housing solutions and sustain their position in the market. For instance, in September 2020, Huawei, a China-based multinational technology corporation, installed an AirEngine Wi-Fi 6 solution in the dormitory campus of Southeast University. It is constructed with only optical Ethernet networks. Huawei installed an AirEngine 5760-22W Wi-Fi 6 wall plate access point (AP) in every hostel, taking into account the distinctive architectural aspects of the campuses. These APs have industry-leading smart antennas, which allow signals to follow users as they walk, ensuring complete Wi-Fi coverage with no blind spots. This technology ensured strong signal reception throughout the dorms. Also, the built-in Bluetooth capability of the APs facilitates Wi-Fi and Internet of Things (IoT) convergence, which will be helpful as IoT development picks up speed in the future. In October 2022, Global Student Accommodation (GSA), a UK based student housing service provider, acquired five-property student housing portfolio from Harrison Street Real Estate Capital, LLC for an undisclosed amount. With this acquisition, GSA has increased its capacity by over 1,600 beds and aims to strengthen its market leadership role in Charleston. GSA has added five student housing assets to its portfolio, including the Ruckus on Rio in Austin, Texas. Harrison Street Real Estate Capital, LLC is UK-based investment management company focused on in student housing and dormitory services. North America was the largest region in the dormitories market in 2022. The regions covered in the global dormitories market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the dormitories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The dormitories market includes revenues earned by entities by providing dormitory services such as boarding houses, accommodations, and lodging houses. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The dormitories market research report is one of a series of new reports from The Business Research Company that provides dormitories market statistics, including dormitories industry global market size, regional shares, competitors with a dormitories market share, detailed dormitories market segments, market trends and opportunities, and any further data you may need to thrive in the dormitories industry. This dormitories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.