The Hotels, Restaurants And Catering (HoReCa) Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Hotels, Restaurants And Catering (HoReCa) Market?
The market size for hotels, restaurants, and catering (HoReCa) has experienced robust expansion recently. The market growth is projected to increase from $3103.6 billion in 2024 to $3325.32 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Hotels, Restaurants And Catering (HoReCa) Industry?
The Hotels, Restaurants And Catering (HoReCa) market is projected to reach a value of $4324.75 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.8%.
Download Your Free Sample of the 2025 Hotels, Restaurants And Catering (HoReCa) Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Hotels, Restaurants And Catering (HoReCa) Market?
The drivers in the hotels, restaurants and catering (horeca) market are:
• Growth of the tourism industry
• Expansion of the middle class population
• Proliferation of online booking platforms
• Increase in corporate events and conferences, followed by a rise in themed restaurants and boutique hotels and health-conscious eating habits.
Global Market Segmentation: Identifying Major Hotels, Restaurants And Catering (HoReCa) Industry Segments
The hotels, restaurants and catering (HoReCa) market covered in this report is segmented –
1) By Type: Single Outlet, HoReCa Chain
2) By Price Level: Luxury, Upscale, Midscale, Economy
3) By Service: Hotels, Restaurants, Cafes And Pubs
Pre-order the 2025 Hotels, Restaurants And Catering (HoReCa) Global Market Report for Fast Delivery & Comprehensive Insights!
What are the emerging Trends Shaping the Future of the Hotels, Restaurants And Catering (HoReCa) Market?
The trends in the hotels, restaurants and catering (horeca) market are:
• The adoption of smart kitchen appliances is an emerging trend in the HoReCa market.
• Integration of energy management solutions is becoming increasingly popular within this sector.
• Increasing focus on implementing health and safety protocols is shaping the future of the HoReCa market.
• The development of plant-based menu options and food delivery services are notable emerging trends.
Who Are the Top Competitors & Leading Players in the Hotels, Restaurants And Catering (HoReCa) Market?
The major players in the hotels, restaurants and catering (horeca) market are:
• Performance Food Group Inc.
Regional Dominance: Which Area Leads the Global Hotels, Restaurants And Catering (HoReCa) Market Overview 2025: Size, Share & Growth Analysis Market?
Asia-Pacific was the largest region in the hotels, restaurants and catering (HoReCa) market in 2023
