Hospitality Coverage

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Camping And Caravanning Market Overview

• Camping And Caravanning market size has reached to $76.6 billion in 2024 • Expected to grow to $106.47 billion in 2029 at a compound annual growth rate (CAGR) of 7% • Growth Driver: The Millennial Influence Is Fueling Growth In The Camping And Caravanning Market • Market Trend: Growing Trend Of Eco-Friendly Camping • North America was the largest region in 2024 and Western Europe is the fastest growing region.

What Is Covered Under Camping And Caravanning Market?

Camping and caravanning refer to outdoor recreational activities where individuals or families set up temporary shelters or use trailers for overnight stays in natural settings. It is used to enjoy nature, relax, and engage in various outdoor activities such as hiking, fishing, and socializing with others. The main types of camping and caravanning are RV (recreational vehicle) parks and campgrounds, and recreational and vacation camps. A recreational vehicle park is defined as any parcel or tract of land under the authority of any individual, organization, or governmental agency where two or more camping unit sites are rented or leased to the public or members of an organization, including park-owned recreational vehicles. RV parks are primarily intended to host recreational vehicles. The camping and caravanning are further divided by state or national park campgrounds, privately owned campgrounds, public or privately owned land other than a campground, backcountry, national forest or wilderness area, parking lots, and other destination types. These are used by males, females, and kids.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Hospitality Market Overview

• Hospitality market size has reached to $5244.22 billion in 2024 • Expected to grow to $7011.13 billion in 2029 at a compound annual growth rate (CAGR) of 6.1% • Growth Driver: Economic Growth Fuels Expansion In The Hospitality Market • Market Trend: Impact Of Technology In The Hotel Industry • Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Hospitality Market?

Hospitality refers to the activity or business that provides services to customers in hotels, restaurants and bars. The hospitality industry includes any business where the primary source of income is the sale of food and drink or the provision of lodging. This industry includes a wide range of service-related fields such as hotels, restaurants, bars, event planning, theme parks, transportation, cruise lines, and other tourism-related fields. The main types of hospitality are non-residential accommodation services, food and beverage services. The non-residential accommodation services provide lodging or short-term accommodation for travelers, vacationers, and others. The different ownerships include chained and standalone.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Bars And Cafes Market Overview

• Bars And Cafes market size has reached to $468.82 billion in 2024 • Expected to grow to $610.02 billion in 2029 at a compound annual growth rate (CAGR) of 5.5% • Growth Driver: The Influence Of Economic Growth On The Bars And Cafes Market • Market Trend: Technology-Enabled Beverage Serving • Asia-Pacific was the largest region in 2024 and Western Europe is the fastest growing region.

What Is Covered Under Bars And Cafes Market?

A bar refers to a venue where alcoholic beverages are served and consumed. A cafe refers to a small restaurant that serves basic, often inexpensive food and drinks. Bars and cafes are places where people can drink or eat coffee. They also serve food to their customers. The main types of bars and cafes are snack and non-alcoholic beverage bars, and drinking places (alcoholic beverages). snack and nonalcoholic beverage bars typically prepare and/or serve specialized snacks such as ice cream, frozen yogurt, cookies, or popcorn, as well as nonalcoholic beverages such as coffee, juices, or sodas, for consumption on or near the premises. The bars and cafes are either owned by a chain market or a standalone market, and the prices range from high-end to economy.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Catering Services And Food Contractors Market Overview

• Catering Services And Food Contractors market size has reached to $289.51 billion in 2024 • Expected to grow to $379.59 billion in 2029 at a compound annual growth rate (CAGR) of 5.7% • Growth Driver: Stable Economic Growth Driving The Catering Services And Food Contractors Market • Market Trend: Enhancing Food Delivery Innovations in Large Order Fleet Management for Catering Services • Western Europe was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Catering Services And Food Contractors Market?

Catering refers to a service that provides meal delivery to a client's location and may also prepare and serve the food there. Food contractor refers to any individual who, in accordance with a food service contract, engages or maintains staff to offer on-site food services at a company location. The main types of catering services and food contractors are Food Service Contractors and catering services. Catering services are the business of providing food service at a remote location or a specific location, such as a hotel, hospital, pub, airline, cruise ship, park, filming location or studio, entertainment location, or event venue. The services are owned by chained and standalone entities and provided for applications such as corporate, educational institutions, healthcare, industrial, hospitality services, sports and leisure, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Food And Beverage Services Market Overview

• Food And Beverage Services market size has reached to $3879.39 billion in 2024 • Expected to grow to $5133.71 billion in 2029 at a compound annual growth rate (CAGR) of 5.9% • Growth Driver: Digital Transformation Fuels Expansion In The Food And Beverage Services Industry • Market Trend: The Impact Of Modern Technology On Restaurant Sales And Customer Experience • Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Food And Beverage Services Market?

Food and beverage service refers to the activity of preparation, exhibiting, and serving meals and drinks to consumers. The forms and cuisines that make up food can vary greatly. The main types of food and beverage services are restaurants and mobile food services, bars and cafes, catering services, and food contractors. Catering services is the business of providing food service at a remote location or at a specific location, such as a hotel, hospital, pub, airline, cruise ship, park, filming location or studio, entertainment location, or event venue. Chain markets and standalone markets own the services, and prices range from high-end to low-end. These services are provided through Online and offline modes.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Hostels Market Overview

• Hostels market size has reached to $5.1 billion in 2024 • Expected to grow to $8.38 billion in 2029 at a compound annual growth rate (CAGR) of 10.6% • Growth Driver: Rise In Solo Travel Fuels Hostel Market Growth • Market Trend: Emerging Trend Of Hybrid Hostels • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Hostels Market?

A hostel can be described as a kind of budget-friendly shared accommodation that has a common area. Hostels typically have dorm-style rooms for travelers, but private rooms and hotel-like facilities are also available nowadays. Hostels prefer to concentrate on building a sociable atmosphere and are much less costly than hotels. The main types of hostels are for Students, workers, and others. A student hostel is a structure used by educational institutions to house their enrolled students. The different modes of booking involve online bookings, direct bookings, and others, and the price point of the services includes economy, mid-range, and Luxury.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Hotel And Other Travel Accommodation Market Overview

• Hotel And Other Travel Accommodation market size has reached to $1273.51 billion in 2024 • Expected to grow to $1745.96 billion in 2029 at a compound annual growth rate (CAGR) of 6.6% • Growth Driver: Social Media's Influence On Tourism And Hotel Industries • Market Trend: Technology's Influence On The Hotel And Travel Accommodation Sector • Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Hotel And Other Travel Accommodation Market?

A hotel or other travel accommodation refers to a location where legitimate travelers may get food or shelter as long as they have the means to pay for IT and are in good enough health to be accepted. Accommodation is a group of rooms or a building in which someone may live or stay and is essential for any tourists who want to travel to another destination or on a trip because you will always need a place to stay such as hotels, caravan parks, camp sites, and so on. The main types of hotel or other travel accommodations are hotels and motels, casino hotels, bed and breakfast accommodations, and all other traveler accommodations. Bed & breakfast accommodation is a form of lodging that includes an overnight stay as well as the first meal of the day in the fee. The different modes of booking involve online bookings, direct bookings, and others, and they include various ownerships such as chained, standalone. The price point of the services includes economy, mid-range, and luxury and they are used for tourist accommodation (leisure), and official business (professional), and the property type includes hotels, serviced residences, apartment hotels, co-living, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Non-Residential Accommodation Services Market Overview

• Non-Residential Accommodation Services market size has reached to $1364.83 billion in 2024 • Expected to grow to $1877.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.7% • Growth Driver: Social Media's Influence On Market Growth • Market Trend: Enhancing Customer Experiences And Cost Efficiency Through Technology In Hotels • Asia-Pacific was the largest region in 2024 and North America is the fastest growing region.

What Is Covered Under Non-Residential Accommodation Services Market?

Non-residential accommodation services refer to short-term lodging solutions provided to individuals or groups without offering permanent residency. Non-residential accommodation is used for business trips, vacations, events, or temporary housing needs and may provide additional services such as dining, cleaning, and recreational amenities. The main types of non-residential accommodation are hotels and other travel accommodation, camping and caravanning, and students and workers' non-residential accommodation. Camping and caravanning comprise establishments primarily engaged in operating overnight recreational camps, such as children's camps, family vacation camps, hunting and fishing camps, and outdoor adventure retreats that offer trail riding, white water rafting, hiking, and similar activities. These establishments provide accommodation facilities, such as cabins and fixed campsites, and other amenities, such as food services, recreational facilities and equipment, and organized recreational activities. Non-residential accommodation is sold through direct sales and by distributor, and the price point includes economy, mid-range, and luxury. The mode of booking includes online bookings, direct bookings and others.