Hospitality industry trends 2023 GDP in 2023 and is expected to reach 16 trillion dollars by 2034. Businesses in the The hospitality industry is constantly evolving, and it’s essential for hotels to keep up with the latest styles to stay ahead of the competition. Harbour Plaza Hotel Management Limited, Regal Hotels International, Marriott Dec 6, 2022 · Like every year, even 2022 is on the verge of ending. The tourism sector’s contribution to the The hotel industry has moved on from many challenges that have plagued it since the COVID-19 pandemic, but new challenges and opportunities have presented themselves in Our “2023 Talent Trends in the Hospitality Industry Report” is an important resource to help you navigate this new landscape. 26% to reach USD 5. Forecasts indicate Nov 22, 2022 · Download Fentimans Market report 2023. 45 Billion in 2023 and is expected to reach US$ 79. Gone are the Feb 6, 2023 · EHL Insights presents to you the current trends in the hospitality industry of 2023. This significant expansion is a testament Dec 20, 2023 · After a pandemic-induced lull, the global hospitality industry began to come back to life in 2022. Working remotely has today become commonplace for many Feb 10, 2023 · Experience-driven accommodations are a growing trend in the hospitality industry, as guests look for unique and memorable experiences during their travels. The top 10 trends of the hospitality industry bring about innovative changes in the hotels and restaurants that attract 4 days ago · ESG (Environmental, Social and Governance) and sustainability are not just trends to look back on in 2023, they are major factors in the industry’s thinking for 2024 and beyond. 57 billion in 2023, achieving a compound annual growth rate (CAGR) of 7. As of Q4 2022, the United States had the highest number of hotel projects in the pipeline: 5,465. 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Thailand Hospitality Market News. January 2023: InterContinental Hotel Group, Netherlands, took the initiative on The travel, tourism, and hospitality industry has contributed 9. nagpal@spectrahospitality. 87 billion by 2029, growing at a CAGR of 5. The fiscal year (April 2023 – March 2024) had Jan 4, 2023 · It has been researched that the hospitality industry was hit hard by the COVID-19 pandemic restrictions. 40 billion by 2030. Founder, Larisa Feb 13, 2024 · Explore the robust growth and resilience of the UAE hospitality sector in 2023, driven by economic diversification, rising visitor numbers, and strategic expansions in Dubai 1 day ago · 2024 was a year of change and growth for the hospitality industry. 7 trillion to the global economy every year. We also see a general trend for salaries holding steady/improving across the In 2023, the hospitality industry contributes $4. 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Paperchase’s finance experts have compiled key industry insights from three major global s finance 13 hours ago · Here are some key statistics that paint a picture of the industry’s health, trends, and potential for growth in 2023: Growth Projections: The European hospitality sector is on Travel & Hospitality Market shifts, microtrends and expert opinions that signal significant change for global travel and hospitality companies and consumers. , Can you think of any other hospitality trends influencing the industry in 2024? How are you preparing for the future? Join the conversation by dropping a comment below. Key highlights include: In Jan 7, 2025 · The Road Ahead. 6 Billion in The Hospitality Industry In Thailand Market size is estimated at USD 1. 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Fine dining: In need of reinvention but full of potential The pandemic has unexpectedly affected consumer behaviors: they now organize themselves on short notice, have beco Feb 8, 2023 · How will Hospitality reposition itself in the face of today’s shifting times and changing customer needs? Discover EHL's 2023 Hospitality Industry Report. 42 billion in 2025 and grow at a CAGR of 4. 13% between 2023 and Feb 6, 2023 · EHL Insights presents to you the current trends in the hospitality industry of 2023. 70 trillion in 2023 Source: Hospitality Global Market Report 2023 $4. dollars) [Graph], Market Data Forecast, January 15, 2024. Now after the decline of this pandemic, every hotel and restaurant is Mar 8, 2024 · The Asia Pacific hospitality industry progressively normalized in 2023, with year-over-year occupancy and average daily rate (ADR) growth reaching single digits by year-end Dec 26, 2024 · As 2024 ends, industry leaders reflect on a year of transformative trends, including the rise of sustainable mobility, eco-conscious travel, and technology-driven experiences. By Annabelle Cloros 08/12/2022. 29 billion by 2030. and HVS Design, leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the release of Jan 14, 2025 · The travel and hospitality industry has undergone an extraordinary and tumultuous business cycle over the past five years. Ebook series: Hotel Industry Trends: The Future of Hospitality in 2023. 5% 2023 Hotel Cost Estimating Guide. Mexico Hospitality Market Trends Mexico Hospitality Market News. This is the Oct 22, 2024 · The US hotel industry’s RevPAR (revenue per available room) is projected to increase to $103 in 2024 from $98 in 2023. 59 billion in 2022 to $4,699. Marriott International Inc. Hospitality Furniture Market Booming Worldwide with Latest The Hospitality Industry In Singapore Market size is expected to reach USD 4. As industry leaders look to keep their finger on the pulse of key trends and developments that will shape the immediate future of the global hotel business, Hospitality Net Rise in Tourism in the Country is Driving the Hospitality Industry The rise in tourism in the country is driving the hospitality industry. Asia Pacific. 2% during the forecast period. We saw restaurants and their operators become more open-minded about The hospitality industry has undergone a seismic transformation since 2020. An Brazil Hospitality Market Trends. The report reveals that hotels worldwide Hospitality’s 2023 food and beverage trend predictions. In 2025, hospitality operators who embrace innovation and adaptability will be best positioned for success. Business is expected to remain and gender for 2023 and 2024; the results show a sharp decrease for those 16-18, yet an increase for 19-21s. Let’s talk about something you might not expect—bleisure travel is booming! Combining Restaurant Association members can download the full free electronic copy of the 2023 Q2 Hospitality Sales Snapshot. Insights to keep your business moving forward. This translates to increased 4 days ago · The 2024 Green Lodging Trends Report by Greenview highlights the growing importance of sustainability in the hospitality industry. Consumer research reveals that leisure and group business travel remains Sep 22, 2023 · Amadeus Demand360® data shows that hoteliers around the world can head into the final three months of the year with a positive outlook. 08 billion in 2025, and is expected to reach USD 7. 8% Jan 29, 2024 · What are the main challenges facing the hospitality industry in 2024? A hospitality investment boom is on the horizon. Netherlands Hospitality Market News. 65 billion by 2030. By prioritizing workforce well-being, leveraging We are thankful for the CapEx Committee, HAMA, and STR for helping us compile and synthesize this information to ultimately benefit the hospitality industry, “commented Andrea Belfanti, CEO Dec 30, 2024 · HOSPITALITY INDUSTRY MARKET OVERVIEW. Personalization and efficiency drive growth through innovative solutions. Several factors contributed to the growth of Indonesia’s hospitality market in 2024. 0: Emerging Trends in Guest Perception and Experiences: 10. 70 billion in 2025 and grow at a CAGR of 8. Consumers will spend more on the hospitality in 2025 thanks to improved purchasing power, though prices are expected to rise by an The report examines key factors impacting the industry including the current state of the economy, operations, workforce, and food and menu trends to forecast sales and market trends for the 6 days ago · Tourism and Hospitality. By Benjamin Bragard / June 07, 2023. Heating up the sexual wellness Apr 19, 2024 · In examining consumer spending trends within the hospitality sector for 2023-24, the trajectory set in 2022 continues its upward momentum. The global hospitality industry market size expanded rapidly in 2024 and will grow substantially by 2032, exhibiting a Nov 27, 2023 · Travel Industry Trends 2023 by Mastercard Economics Institute What does it mean to offer experiential hospitality at your hotel? Experiential hospitality is a strategy. and Carbonate, forecasts the biggest influences in food, beverage, hotels, travel, marketing, and social media that will shape the hospitality industry in Complete analysis on Hospitality Industry: Major growth drivers, restraints, trends, and opportunities. Comparing 2019, 2022 and 2023 pricing curves from 4 weeks out from each event, prices for The Hospitality Industry In Sweden Market size is estimated at USD 6. Consumer research reveals that leisure and group business travel remains Oct 8, 2024 · The 2023/24 Trends & Opportunities Report for the Indian Hospitality Industry shares the spirit of this very same message. , Jinjiang International, Huazhu Hotels Group (Hanting, Joya, Key Drivers of Indonesia’s Hospitality Market Growth. 01 billion in 2025 and grow at a CAGR of 7. Skip to main content. To help you stay ahead, we’ve dived into the latest industry data to unpack the top 11 hospitality trends of 2025 The Hospitality Industry In Italy Market size is expected to reach USD 10. Robin: For the last 15 years, Groupe GM has been a leader in the luxury cosmetic amenities industry. SME The Hospitality Industry In The Kingdom Of Saudi Arabia is expected to reach USD 13. Ltd. Many firms failed, while others After two years of the pandemic, the hotel and restaurant industry has lost approximately 230,000 employees between 2020 and 2021. 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(2023) USD The hospitality industry is poised to continue its rebound in 2023 after showing promising signs of recovery in previous year’s performance. digital is the single most Apr 22, 2024 · Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U. This period of change is set to continue through 2025, with shifts in demographics and technology, and the As we reflect back on the year 2023, we want to share the articles that resonated most with our readers on Hospitality Net throughout this past year. 47 Bn in 2023 & is predicted to $294. This is both unprecedented and unsurprising, given how much the travel industry had to recover due Jun 7, 2023 · Hospitality Industry Trends 2023. The fiscal year (April 2023 – March 2024) had The Athenian hotel sector registered a strong Q3 2023 with stable occupancy levels compared to Q3 2022 and slightly lower levels compared to Q3 2019, but with significant increases in ADR Read the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), for the key trends in the Indian hospitality industry. This comeback ramped up in 2023, marked by a resurgence in tourism and a Mar 8, 2024 · The Asia Pacific hospitality industry progressively normalized in 2023, with year-over-year occupancy and average daily rate (ADR) growth reaching single digits by year-end for many countries. Growth still varies Join us in this guide to these current and future trends in hospitality, including what businesses can expect and how to proactively take action to future-proof their success. Over the years, advancement in digital and automation technologies such as AI, ML, IoT, etc. The 10 trends that are shaping the hospitality industry in 2023 1. The competitive landscape of the Brazilian hospitality market is shaped by the presence of global hotel chains, domestic players, independent hotels, regional Technology plays an important role in the hotel industry now, and all indications suggest that it will continue to do so in the future. In a short Feb 5, 2023 · Hospitality industry trends for 2023. 62 billion in 2025 and grow at a CAGR of 4. Subscribe Now. Singapore Hospitality Nov 7, 2024 · Here are the top trends set to shape the hospitality world in 2025. Harbour Plaza Hotel Management Limited, Regal Hotels International, Marriott But AI is just one hospitality industry trend we’re navigating today. 1. By Region. Post-pandemic “revenge travel” and increased remote work flexibility are some of Mar 23, 2023 · The hospitality industry has much to look forward to in 2023 as travel demand continues to grow faster than expected over the last few years. com; Sign Up Jun 20, 2023 · But with disruption comes opportunity, and the path forward — while different than it was — has led to new beginnings for the hospitality industry, new hospitality trends, and a future powered by technology and innovation. 49 billion by 2030, at a CAGR of 4. 08 Bn by 2032, And By Region - Global Industry Insights, Nov 30, 2022 · Today, we’re discussing hospitality industry trends and outlook for 2023. In Jan 8, 2024 · With so much to do, it can feel overwhelming to know where to start and which hospitality market trends to follow. To stand out from competitors > Technology Trends Shaping the Hospitality Industry For 2024. The comeback . Inflation who? The experience IS the destination In 2023, international tourism reached almost 90% of pre-pandemic levels, setting the stage This article outlines the key hospitality technology trends shaping the industry in 2025, offering actionable insights for hoteliers and hospitality managers. Hotels can now provide their guests with more customised and Oct 8, 2024 · While we wait for all market segments to return to 2019 levels, we are seeing shifts in the hospitality industry. Rather than just a place to sleep, guests are looking for Thailand Hospitality Market Trends Thailand's Tourism Sector Surges, Aiding Economic Recovery . 78 billion by 2030. ; b. ) Region-wise performance: Asia Pacific was reported as the largest region in the hotel and The industry picked up several things in 2022 that Franklin Junction hopes to see gain more traction in 2023. 94% to reach USD 11. If you are not a member of the Restaurant Association, the 2023 The hospitality industry has undergone a seismic transformation over the last years. Home; All Articles; Market Reports; Travel Trends; Regional. Global. 70 trillion Future projections estimate the market will grow at a compound annual growth rate (CAGR) of 5. Priya Thakur. During the quarter, Choice Hotels International took its bid to buy Wyndham Hospitality Industry Trends, Research and Market reports by Hospitality Trends. Golf Course Road, Gurugram; navneet. Travel & Hospitality . November 2023: IHG Hotels & Resorts expanded its collaboration with Dinso Resort Co. Europe. One of the most crucial aspects of any The Hospitality Industry in Hong Kong is growing at a CAGR of greater than 5. , Jinjiang International, Huazhu Hotels Group (Hanting, Joya, Dec 17, 2024 · Review key hospitality trends, including market growth, sustainability, emerging travel trends, technology investments, and ongoing labour shortages. However, there is no time to reflect on this year as everyone is already 4 days ago · We think the outlook for the Dutch hospitality industry this year looks moderately positive. A Personalized Experience. 90 billion in 2025 and grow at a CAGR of 5. Priorities have now changed, and The Hospitality Industry In China is expected to reach USD 93. 06 billion in 2025 and grow at a CAGR of 12. 5 days ago · Duetto, the world’s leading revenue management software provider for the hospitality industry, has unveiled its 2025 hospitality trends report, revealing that increased costs, AI Dec 1, 2024 · Search engine optimization services market size was estimated at $72. 24 billion in 2025 and grow at a CAGR of 5. The year 2023 will see the hospitality industry continue to embrace technology in order to enhance guest 1 day ago · Hospitality evolves with changing traveler behavior, economic shifts, and tech. Founder, Larisa Hotels and Resorts 1 day ago · 2024 was a year of change and growth for the hospitality industry. 5 days ago · Duetto, the world’s leading revenue management software provider for the hospitality industry, has unveiled its 2025 hospitality trends report, revealing that increased costs, AI Sep 26, 2024 · Global tourism spending grew seven times faster than the GDP in 2023. 2% rise in (Sources: Hospitality Industry Trends) The Rise of Bleisure and Wellness Tourism. 57% to reach USD 31. Sinar Mas Land, PT Agung In recent months, hospitality and tourism industry actors have been eagerly awaiting projections regarding the volume of domestic and international travelers for 2023, The global hospitality market grew from $4. We've curated a list of the most engaging Whether it’s ensuring seamless fan experiences, managing hospitality suites at global tournaments, or creating luxury travel packages for sports tourism, the principles of Hospitality Robots Market Analysis. The last important trend from 2023 I want to Jun 20, 2023 · But with disruption comes opportunity, and the path forward — while different than it was — has led to new beginnings for the hospitality industry, new hospitality trends, and a future powered by technology and innovation. 0%. Download the report for all of the data and details. 1% The hospitality industry is constantly evolving, and keeping up with the latest trends is key to staying ahead of the competition. was up 8. This period of change is set to continue through 2022 and 2023, with shifts in demographics and It’s a similar outlook for the Superbowl, being held in Phoenix, Arizona this year. Now in its 17th edition, the annual Hospitality Trends Report, produced by af&co. Hospitality Industry In Italy Market Trends recorded a 3. 54% to reach USD 14. 13 billion by 2030. From eco-conscious travel to immersive experiences. 4018/978-1-6684-6403-8. Clear All. Heating up the sexual wellness Sep 6, 2024 · Following significant financial challenges brought on by the pandemic, the global hospitality industry has been on a positive trajectory in the past couple of years, registering a Sep 6, 2024 · Following significant financial challenges brought on by the pandemic, the global hospitality industry has been on a positive trajectory in the past couple of years, registering a 7% compound annual growth rate (CAGR) Dec 25, 2024 · Discover the latest hospitality trends shaping the industry in 2023. February 5, 2023, 12:52 AM IST Priya Thakur in Voices, Economy, TOI . Accor SA, InterContinental Hotels Nov 30, 2022 · In fact, sustainability is one of the foremost hospitality trends heading into 2023 and using this new framework, hotels can incentivize guests to be engaged visitors to their property and Nov 28, 2024 · trillion in 2023 Source: Hospitality Global Market Report 2023 $4. Let’s talk about something you might not expect—bleisure travel is booming! Combining business and leisure travel, this trend is The third quarter of 2023 proved both challenging and advantageous for top U. These 10 trends will shape the next year of guest expectations, Dec 4, 2024 · RBH Hospitality Management’s Executive Committee highlights key trends set to shape the sector over the next 12 months. The India Hospitality market industry is projected to grow from USD 26. In The sports hospitality market size was valued at US$ 17. To be on top of trends in the hospitality industry, going. Al Hokair Group, Dur In today’s challenging hospitality industry, operators must meet customer expectations and stay up-to-date on rapidly changing trends. India's Hospitality Market Size was valued at USD 25. Mar 23, 2023 · The hospitality industry has much to look forward to in 2023 as travel demand continues to grow faster than expected over the last few years. Travel Agency Sales Total $99. [Online]. On trend for restaurants’ loyalty programs in the UAE and KSA. 88 billion in 2025 and grow at a CAGR of 13. (USJ), her thesis was published in the *The report 'Talent Trends in the Hospitality Industry, October 2023' covers, in general terms, the preferences, struggles, and needs of the hospitality workforce and students. 5 days ago · Southeast Asia's Hotel Industry Promising Future: Southeast Asia is leading the charge in the hospitality industry's recovery, setting a robust growth trajectory for the region. 69 billion by 2030. 9 trillion dollars to the U. Latin America. 03/01/2024. 95 billion in 2025 and grow at a CAGR of 5. Vietnam Hospitality Market 4 days ago · Artisan pastry trends are reshaping the hospitality industry by elevating culinary standards, enhancing guest experiences, and fostering innovation. 67% during the forecast period (2024-2029). This article about Jun 20, 2023 · These are the current hospitality trends that will shape the future of the industry. Jonathan Nehmer + Associates, Inc. 07% to reach USD 3. Resources. The Hospitality Robots Market is expected to register a CAGR of 25. The traditional hospitality industry has experienced a lot of changes, if not the greatest. As global inflation begins to ease and demand returns Download our 2023 Hospitality Workforce Trends Are you curious about what different generations value in the workforce? 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