Hospitality Market Global Briefing 2017

The hospitality industry covers lodging and dining services. It comprise businesses that provide customers with lodging, prepared meals, snacks and beverages for immediate consumption. It includes both accommodation and food service establishments as the two activities are often combined at the same establishment.

Asia was the largest region in the hospitality market in 2016, accounting for 38% market share. This can be attributed to high demand for food and beverage services, hotel and motels in countries such as China, Japan and India. The Americas was the second largest region accounting for 37% market share. Europe was the third largest region accounting for 18% market share.

Major hotel brands are employing digital hotel room keys to increase guest convenience. Smart room access systems allow guests to unlock their doors by simply swiping their phones across a keyless pad on the door. Using a smart phone key eliminates problems in the event of key loss or demagnetization of the plastic key card. For example, Starwood Hotels and Resorts introduced a bluetooth-enabled room unlocking app that allows guests to access their hotel rooms through their smartphone.

Hospitality Market Characteristics 5
Hospitality Market Historic Growth 6
Drivers Of The Market 7
Restraints On The Market 7
Hospitality Market Forecast Growth 8
Drivers Of The Market 9
Restraints On The Market 9
Hospitality Market Comparison With Other Markets 11
Hospitality Market Historic and Forecast Growth Comparison With Other Markets 13
Hospitality Market Segmentation 15
Global Hospitality Market, Split By Segments, 2016, $ Billion 15
Food And Beverage Services 15
Non-Residential Accommodation 15
Global Hospitality Market, Historic and Forecast, Split By Segments, 2012-2020 16
Hospitality Market Geography Regional and Country Comparison 17
Global Hospitality Market, Split By Regions, 2016 17
Global Hospitality Market, Historic And Forecast Growth Rate, Split By Region, 2011-2019 19
Global Hospitality Market, Split By Country, 2016 21
Global Hospitality Market, Historic And Forecast Growth Rate, Split By Country, 2012-2020 23
Hospitality Market Competitive Landscape 25
McDonald's 26
Compass Group PLC 27
Subway 28
Starbucks Corporation 28
Sodexo 29
Marriot International, Inc 29
Hospitality Market Key Mergers And Acquisitions 31
Hospitality Market Trends And Strategies 32
Innovative Hotel Designing 32
Increased Automation In Hotels 32
Smart Room Keys 32
Mobile Apps For Marketing 33
Adapting To Regional Preferences 33
Hospitality Appendix 34
NAICS Definitions Of Industry Covered In This Report 34
Research Methodology 36
Abbreviations 37
Currencies 37
Research Inquiries 37
The Business Research Company 37