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Hospitality Global Market Briefing 2016

  • April 2016
  • -
  • TBRC Business Research
  • -
  • 26 pages

The hospitality industry covers lodging and dining services. Hospitality is a service industry, meaning that it provides an intangible as opposed to a tangible physical good, which is perishable as it can’t be stored, it is produced and consumed at the same time and is difficult to standardize. Hospitality companies tend to be highly dependent on the quality of the employees that interact with their customers. They tend to also face varying and uncertain demand based on season, time, fashion or other factors which can be harder to manage than in manufacturing industries.
The total value of the hospitality sector globally in 2015 was $XX billion. Related to a world population of more than XX billion in 2015 this equates to about $XX per person globally. Given that World Domestic Product was approximately $XX trillion in 2014, the market makes up about XX%of the global economy. The number of restaurants and lodging brands are continually increasing. Globally, the number of restaurants, pubs and cafes is approximately XX billion. The count of the restaurants in the USA alone is more than XX% of the global number.

In the hotel industry guests are looking for more ‘inside the hotel’ experiences. This demand is driving hotel managers to ensure that all portions of their hotels are as welcoming as the lobby. This has brought in more innovation to the designing and aesthetics involving more comfortable and accommodating spaces. Vibrant colored interiors and access to internet at every location is the key change.

Table Of Contents

Hospitality Global Market Briefing 2016
Hospitality Market Characteristics 4
Hospitality Market Size and Comparisons 2016 5
Hospitality Sector Historic Growth 6
Drivers of the Market 6
Restraints on the Market 7
Hospitality Market Forecast 8
Drivers of the Market 8
Restraints on the Market 9
Hospitality Market Segmentation 10
Hospitality Market Geography Split 12
Hospitality Market Competitors 14
McDonald's Corporation 15
Sodexo SA 16
Compass Group 16
Starbucks Corporation 16
Hospitality Market Key Mergers and Acquisitions 19
Hospitality Market Trends and Strategies 21
Appendix 23
Abbreviations 23
Currencies 23
Definitions 23
The Business Research Company 23


Companies Mentioned
Compass Group, McDonald's Corporation, Sodexo SA, Starbucks Corporation and Marriot International Inc.,

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