The hospitality industry covers lodging and dining services. It comprises businesses that provide customers with lodging, prepared meals, snacks and beverages for immediate consumption. It includes both accommodation and food service establishments as these two activities are often combined at the same establishment.
The top five companies covered are Compass Group PLC, McDonald's, Starbucks, Marriott International and Subway. Compass Group PLC was the largest company in the hospitality market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global hospitality market was valued at above $5.5 trillion in 2017. Asia Pacific was the largest region in the hospitality market in 2017, accounting for under 45% market share. China was the largest country in the market in 2017, accounting for above 24% market share.
In the hotel industry, guests look for more ‘inside the hotel’ experiences. This demand is driving hotel managers to ensure that all parts of their hotels are as welcoming as the lobby. This has brought in more innovations to design and aesthetics involving more comfortable and accommodating spaces. Vibrant colored interiors and access to the internet at every location is common.
Healthy Eating is a Free Choice of Consumers.
Menu Engineering to Increase the Number of Orders.
Micro-housing Units to Meet the Growing Demand for Affordable Accommodation.
Quick, Packaged and Healthy Beverages are about to Capture the Global Bars and Cafes Services Market.
Campgrounds Started Offering Wi-Fi Facilities to Serve Campers’ “Social” Needs.
Organic Meals for the Increasing Number of Health Conscious Consumers.
Welcoming Hotels’ Interiors are a New Way for Attracting International Travelers.
Personalized Services in Hotels – Myth or Upcoming Reality?
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