Hospitality Market To Witness Huge Growth By Key Players Like Starbucks, Sodexo

The Hospitality Global Market Report 2021-31 by The Business Research Company describes and explains the global hospitality market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Hospitality Global Market Report 2022 covers hospitality market drivers, hospitality market trends, hospitality market segments, hospitality market growth rate, hospitality market major players, and hospitality market size.

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https://www.thebusinessresearchcompany.com/report/hospitality-global-market-report

The hospitality market report provides in-depth analysis of the impact of COVID-19 on the global hospitality industry along with revised market numbers due to the effects of the coronavirus and the expected hospitality market growth numbers for 2022-2031.

The global hospitality market size is expected to grow from $3.95 trillion in 2021 to $4.54 trillion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The growth in the 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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Hospitality Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the hospitality market segments-
1) By Type: Non-Residential Accommodation Services, Food And Beverage Services
2) By Ownership: Chained, Standalone

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