Hospitality Buildings Market Report 2026

Hospitality Buildings Market Overview

• Hospitality Buildings market size has reached to $82.29 billion in 2025 • Expected to grow to $104.64 billion in 2030 at a compound annual growth rate (CAGR) of 5.1% • Growth Driver: Exponential Growth Of The Travel And Tourism Industry Boosts Hospitality Buildings Market • Market Trend: Key Players Enhance Managed Hotel To Promote Gender Diversity • North America was the largest region in 2025.

What Is Covered Under Hospitality Buildings Market?

Hospitality buildings refer to an architecture that deals with the construction of structures and buildings like hotels and restaurants. They are created with the goal of giving each visitor a satisfying experience while they are at the hotel or restaurant. The main types of hospitality buildings are business or commercial hotels, boutique hotels, resort hotels, casino hotels, transit hotels, bed and breakfast hotels, and others, with various price levels such as Luxury, upscale, midscale, and economy. A business hotel is an establishment where the majority of the clientele travels for business. Several types of room capacity included are small, medium, large, and mega. Individual and chain are the main business models.

What Is The Hospitality Buildings Market Growth Forecast?

The hospitality buildings market size is expected to see strong growth in the next few years. It will grow to $104.64 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growing demand for sustainable hospitality infrastructure, rising investment in themed and experiential hotels, expansion of mixed-use hospitality developments, increasing renovation and modernization activities, development of innovative modular hotel construction techniques. Major trends in the forecast period include growth in boutique and themed hospitality construction, increasing demand for resort and leisure-oriented facilities, expansion of budget and midscale hotel developments, rising renovation and upgrade activities across existing hotels, higher focus on space optimization for guest experience.

What Is The Driver Of The Hospitality Buildings Market?

The growth of the travel and tourism industry is expected to propel the growth of the hospitality buildings market going forward. The travel and tourism industry refers to an industry involved in providing necessary products and services to travelers. Growth in tourism can foster business, increase sales, and enhance profits for businesses, enhancing the financial performance of hospitality firms. Hospitality buildings play a major role in the travel and tourism industry as they are business establishments that serve meals, short-term lodging, and other services to visitors like tourists and travelers. Thus, the rise in travelers and tourists will propel the construction of hospitality buildings. For instance, in October 2025, according to the Australian Bureau of Statistics (ABS), a Australia-based national statistical agency, short-term visitor arrivals reached 753,320, representing a 14.3% increase compared to the same month in the previous year. Therefore, the increased exponential growth of the travel and tourism industry is driving the growth of the hospitality buildings industry.

Key Players In The Global Hospitality Buildings Market

Major companies operating in the hospitality buildings market are Turner Construction Company, AECOM, Balfour Beatty Construction, STO Building Group, The Whiting-Turner Contracting Company, Gilbane Building Company, JE Dunn Construction Group, Hensel Phelps Construction Company, DPR Construction Inc., HITT Contracting Inc., Brasfield & Gorrie LLC, Clark Construction Group LLC, Mortenson Inc., PCL Constructors Inc., McCarthy Holdings Inc., Suffolk Construction Company, The Yates Companies, Gray Construction Inc., Robins & Morton Inc., Sundt Construction Inc., Swinerton, W.E. O'Neil Construction Co., Hoffman Construction Company, Messer Construction Company, Skanska USA Civil Inc., The Beck Group Inc., Pepper Construction Company, Webcor Builders LLC, Layton Construction Company LLC, Clayco Inc., Hoar Construction LLC, Weis Builders Inc.

Global Hospitality Buildings Market Trends and Insights

Major companies in the hospitality building market are focused on developing managed hotels, such as all-women managed hotels, to promote gender diversity and to gain a competitive edge in the market. An all-women-managed hotel is a lodging establishment where women hold leadership and operational roles across various departments. For instance, in June 2023, Westin Hotels & Resorts, a US-based hotel management company, launched The Westin Hyderabad Hitec City, an all-women-managed hotel. The hotel offers 168 keys and focuses on wellness experiences. The property operates solely on green energy from renewable sources. The hotel features four dining options and a banquet space, and aims to set a new standard of hospitality with its all-women management team.

What Are Latest Mergers And Acquisitions In The Hospitality Buildings Market?

In November 2025, Shawmut Design and Construction, a US-based provider of construction management services specializing in high-end projects across sectors such as hospitality, education, commercial, and healthcare, acquired First Finish for an undisclosed amount. With this acquisition, Shawmut aimed to create a unique, fully integrated offering in the hotel construction market by combining its ground-up construction expertise with First Finish’s specialized renovation capabilities, enhancing its presence in the hospitality sector. First Finish is a US-based full-service hotel renovation contractor that provides interior renovation services for leading hotel brands and property owners across North America.

What Defines the Hospitality Buildings Market?

The hospitality buildings market includes revenues earned by entities by constructing hotels, restaurants, tents and convention buildings. The market includes new work, additions, alterations, maintenance, and repairs. 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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in theHospitality Buildings Market Report 2026?

The hospitality buildings market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the hospitality buildings industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.