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According to a new market report published by Lucintel, the future of global hospitality event service industry looks promising with opportunities in the baggage handling service, catering service, and security check service segments. The global hospitality event service industry is forecast to grow at a CAGR of 5.4% from 2015 to 2020. The major drivers of growth for this market are improvement in the global economy, rise in consumer spending, an increase in travel and tourism, and growth in air passenger traffic. Adoption of the open skies policy, increasing penetration of low-cost carriers, and rising number of international tourist arrivals are additional factors contributing to accelerated market growth.
In this market, retail and duty-free shops, baggage handling services, and passenger parking fields are some of the major segments of hospitality event services. The largest segment is retail and duty-free shops, which is expected to remain the same during the forecast period. Lucintel predicts that the demand for baggage handling services will experience the highest growth in the forecast period, supported by increasing expansion strategies by industry players in the Middle East and China. On the basis of its comprehensive research, Lucintel forecasts that catering services and retail and duty-free shops will show above average growth during the forecast period.
Within the hospitality event service industry, the retail and duty-free shops segment is expected to remain as the largest market. An increase in passenger spending along with new initiatives taken by service providers, like development of online retail channel, is expected to spur growth for this segment over the forecast period.
Asia Pacific (APAC) is expected to remain the largest market due to the high number of air travelers coupled with an increase in the government’ spending plans in both China and India.
North America and Europe are expected to witness significant growth over the forecast period because of increasing consumer spending, passenger traffic, and external trade.
For market expansion, the report suggests innovation and new service development, where the unique characteristics of hospitality event services can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost services for customers.

The emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of new baggage management application to improve customer service, increasing use of smartphone apps, hybrid check-in system, and increasing trends towards Airport Public Private Participations (PPPs) in emerging markets. Aeroports de Paris SA, Alpha Flight Group Limited, Fraport AG Frankfurt Airport Srvc Wrldwd, Japan Airport Terminal Co. Ltd., and SATS Ltd. are the major service providers in the global hospitality event service industry. Some companies are opting for joint venture and M&A as strategic initiatives for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities in global hospitality event service industry by segment and region, and has come up with a comprehensive research report entitled “Growth Opportunities in Global Hospitality Event Service Industry 2015-2020: Trend, Forecast, and Market Analysis.” This Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes forecast for hospitality event service industry through 2020 by segment and region as follows:

By Segment ($ Billion from 2009 to 2020)-
Retail and Duty-Free Shops Baggage Handling Services Passenger Parking Fields Special Passenger Care Security Check Services Training Catering Services

By region ($B for 2009 – 2020):
North America Europe Asia Pacific Rest of World
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.


To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.

Some of the features of “Growth Opportunities in Global Hospitality Event Service Industry 2015-2020: Trends, Forecast, and Market Analysis” include:

Market size estimates: Global hospitality event service industry size estimation ($B).
Trend and forecast analysis: Global hospitality event service industry trend (2009-2014) and forecast (2015-2020) by region and by segment. Segmentation analysis: Global hospitality event service industry size by various service type such as catering services, retail & duty free shops, baggage handling services, passenger parking fields, special passenger care, security check and training. Regional analysis: Global hospitality event service industry breakdown by key regions such as North America, Europe, Asia Pacific, and Rest of World. Growth opportunities: Analysis on growth opportunities in different segments and regions. Strategic analysis: This includes M&A, new services development, competitive landscape, and expansion strategies of global hospitality event service suppliers. Emerging applications: Emerging applications of global hospitality event service in various segments. Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table Of Contents

Global Hospitality Event Service Industry 2015-2020 - Trends Forecast and Opportunity Analysis
1. Executive Summary2. Hospitality Event Service Industry Background and Classifications2.1: Introduction2.1.1: Industry Classification2.1.2: Supply Chain3. Industry Trend and Forecast Analysis3.1: Industry Analysis 20143.1.1: Global Hospitality Event Service Industry by Tier-II Level3.1.2: Regional Hospitality Event Service Industry3.1.3: Global Hospitality Event Service Industry by Country3.2: Industry Trend 2009-20143.2.1: Macroeconomic Trends3.2.2: Global Hospitality Event Service Industry3.2.3: North American HospitalityEvent Service Industry Trend3.2.4: European HospitalityEvent Service Industry Trend3.2.5: APAC HospitalityEvent Service Industry Trend3.2.6: ROW HospitalityEvent Service Industry Trend3.3: Industry Drivers and Challenges3.4: Industry Forecast 2015-20203.4.1: Macroeconomic Forecasts3.4.2: Global Hospitality Event Service Industry Forecast3.4.3: North American Hospitality Event Service Industry Forecast3.4.4: European Hospitality Event ServiceIndustry Forecast3.4.5: APAC Hospitality Event Service Industry Forecast3.4.6: ROW Hospitality Event Service Industry Forecast4. Competitor's Analysis4.1: Services Portfolio Analysis4.2: Market Share Analysis4.3: Growth Leadership Analysis4.4: Porter's Five Forces Analysis Model5. Growth Opportunity and Strategic Analysis5.1: Growth Opportunities for Global Hospitality Event Service Industry by Region5.2: Emerging Trends in Global Hospitality Event Service Industry5.3: Strategic Analysis5.3.1: New Service Development5.3.2: Expansion Strategy5.4: Growth Strategies for Hospitality Event Service Providers5.4.1: Opportunities for Hospitality Event Service across the Globe5.5: Mergers and Acquisitions in Global Hospitality Service Industry6. Company Profiles of Leading Players
List of FiguresChapter 2. HospitalityEvent Service Industry Background and ClassificationsFigure 2.1: Process at AirportFigure 2.2: Check-in ProcessFigure 2.3: Security ProcessFigure 2.4: Baggage Claim AreaFigure 2.5: Classification of Global Hospitality Event Service Industry by Tier-II LevelFigure 2.6: Catering Services SegmentFigure 2.7: Special Passenger Care SegmentFigure 2.8: Passenger Parking Field SegmentFigure 2.9: Retail and Duty Free Shops SegmentFigure 2.10: Training SegmentFigure 2.11: Security Check SegmentFigure 2.12: Baggage Handling SegmentFigure 2.13 Supply Chain of Global Hospitality Event Service IndustryChapter 3. IndustryTrend and Forecast AnalysisFigure 3.1: Global Hospitality Event Service Industry (%) by Tier-II Level in 2014Figure 3.2: Global Hospitality Event Service Industry ($ Billion) by Tier-II Level in 2014Figure 3.3: Global Hospitality Event Service Industry (%) Distribution by Region in 2014Figure 3.4: Global GDP Growth Rate TrendFigure 3.5: Global Inflation Rate Trend Figure 3.6: Global Air Passenger Traffic Growth Rate Trend Figure 3.7: Regional GDP Growth Rate Trend Figure 3.8: Regional Inflation Rate TrendFigure 3.9: Trend of Regional Per Capita Income Figure 3.10: Global Hospitality Event Service Industry Growth Trend from 2009 to 2014Figure 3.11: Global Hospitality Event Service Industry Trend by Tier-II Level from 2009 to 2014Figure 3.12: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2009 to 2014Figure 3.13: Growth of Global Hospitality Event Service Industry by Tier-II Level from 2013 to 2014Figure 3.14: North American Hospitality Event Service Industry Trend from 2009 to 2014Figure 3.15: European Hospitality Event Service Industry Trend from 2009 to 2014Figure 3.16: APAC Hospitality Event Service Industry Trend from 2009 to 2014Figure 3.17: ROW Hospitality Event Service Industry Trend from 2009 to 2014Figure 3.18: Drivers and Challenges of Global Hospitality Event Service IndustryFigure 3.19: Global GDP Growth Rate ForecastFigure 3.20: Global Inflation Rate ForecastFigure 3.21: Regional GDP Growth Rate Forecast Figure 3.22: Regional Inflation Rate ForecastFigure 3.23: Global and Regional Per Capita Income ForecastFigure 3.24: Global Hospitality Event Service Industry Forecast from 2015 to 2020Figure 3.25: Global Hospitality Event Service Industry Forecast by Tier-II Level from 2015 to 2020
Figure 3.26: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2015 to 2020Figure 3.27: Growth of Global HospitalityEvent Service Industry by Tier-II Level from 2014 to 2015Figure 3.28: North American Hospitality Event Service Industry Forecast from 2015 to 2020Figure 3.29: European Hospitality Event Service Industry Forecast from 2015 to 2020Figure 3.30: APAC Hospitality Event Service Industry Forecast from 2015 to 2020Figure 3.31: ROW Hospitality Event Service Industry Forecast from 2015 to 2020 Chapter 4. Competitor'sAnalysisFigure 4.1: Industry Presence of Major Players of Global Hospitality Event Service IndustryFigure 4.2: Global Hospitality Event Service Industry Market Share Analysis in 2014Figure 4.3: Hospitality Event Service Concentration by Market Value in 2014Figure 4.4: Growth Leadership Matrix in Global Hospitality Event Service IndustryFigure4.5: Porter's Five Forces Market Analysis Model for Global Hospitality Event Service IndustryChapter 5.GrowthOpportunity and Strategic AnalysisFigure 5.1: Growth Opportunities of Global Hospitality Event Service Industry by RegionFigure 5.2: Emerging Trends in Global Hospitality Event Service IndustryFigure 5.3: Major Capacity Expansion of Global Hospitality Event Service Industry by Major PlayerFigure 5.4: Growth Strategies for Hospitality Event Service SuppliersFigure 5.5: Hospitality Service Opportunities across the Globe
List of TablesChapter 1.Executive SummaryTable 1.1: Global Hospitality Event Service Industry Parameters and AttributesChapter 3. IndustryTrend and Forecast AnalysisTable 3.1: Ranking of Top 15 Countries of the World in Terms of Number of AirportsTable 3.2: Industry Trends from 2009 to 2014 in Global Hospitality Event Service Industry ($ Billion)Table 3.3: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service IndustryTable 3.4: Industry Size and Annual Growth Rates from 2013 to 2014 for Global Hospitality Event Service Industry by Tier-II LevelTable 3.5: Industry Size and Annual Growth Rates during Last Five Years from 2009 to 2014 of Global Hospitality Event Service Industry by Tier-II LevelTable 3.6: Industry Trend from 2009 to 2014 in North American Hospitality Event Service Industry ($ Billion)Table 3.7: Average Growth Rates for One, Three, and Five Years in North American Hospitality Event Service IndustryTable 3.8: Industry Trend from 2009 to 2014 in European Hospitality Event Service Industry ($ Billion)Table 3.9: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service Industry
Table 3.10: Industry Trends from 2009 to 2014 in APAC Hospitality Event Service Industry ($ Billion)Table 3.11: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service IndustryTable 3.12: Industry Trends from 2009 to 2014 in ROW Hospitality Event Service Industry ($ Billion)Table 3.13: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service IndustryTable 3.14: Industry Forecast from 2015 to 2020 in Global Hospitality Event Service Industry ($ Billion)Table 3.15: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service IndustryTable 3.16: Industry Size and from 2014 to 2015 Growth Rates of Tier-II Level in Global Hospitality Event Service IndustryTable 3.17: Industry Size and Annual Growth Rates during Next Five Years from 2015 to 2020 for Global Hospitality Event Service Industry by Tier-II LevelTable 3.18: Industry Forecast from 2015 to 2020 in North American Hospitality Event Service Industry ($ Billion)Table 3.19: Average Growth Rates for One, Three, and Five Years in NorthAmerican Hospitality Event Service IndustryTable 3.20: Industry Forecast from 2015 to 2020 in European Hospitality Event Service Industry ($ Billion)Table 3.21: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service IndustryTable 3.22: Industry Forecast from 2015 to 2020 in APAC Hospitality Event Service Industry ($ Billion)Table 3.23: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service IndustryTable 3.24: Industry Forecast from 2015to 2020 in ROW Hospitality Event Service Industry ($ Billion) Table 3.25: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service IndustryChapter 4.Competitor'sAnalysisTable 4.1: Global Market Share of Hospitality Event Service Providers in 2014Chapter 5.GrowthOpportunity and Strategic AnalysisTable 5.1: New Services Introduced by Global Hospitality Event Service Providers

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