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Hospitality Global Market Report 2022 by The Business Research Company is the most comprehensive report available on the market, being wide-ranging both in terms of chronology and geography. It covers the historic period – 2015-2020, and the forecast period – 2022-2025, with additional forecasts for 2025-2031. The report helps gain a truly global perspective as it covers 60 geographies, focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
TBRC’s market report includes a chapter on the COVID-19 impact on the hospitality industry, which gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market and how companies can strategize to bounce back from it. With updated market numbers according to the effects of the coronavirus, the report provides the most accurate expected hospitality market growth numbers from 2022-2031.
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The global hospitality market is expected to grow from $3.95 trillion in 2022 to $4.55 trillion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The growth in the hospitality market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The hospitality market is expected to reach $6.71 trillion in 2026 at a CAGR of 10.2%.
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https://www.thebusinessresearchcompany.com/report/hospitality-global-market-report
The Hospitality Global Market Report 2020-30 by The Business Research Company evaluates hospitality market size, growth rate, drivers, hospitality industry trends, and major companies.
The hospitality market segments in the report are:
1) By Type: Non-Residential Accommodation Services, Food And Beverage Services
2) By Ownership: Chained, Standalone
The table of contents in TBRC’s hospitality market report includes:
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About The Business Research Company:
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