The number of hospitality enterprises in the US is expected to increase from 73,950 in 2024 to 78,650 by 2028. This represents a steady growth trajectory with year-on-year increases of approximately 1.6% to 1.8%. Compared to the actual data from 2023, which stood at about 72,776 establishments, this marks a continued positive trend in the sector.
Future trends to watch for include:
- Technological advancements in guest services and operations management.
- Increasing demand for sustainable and environmentally friendly practices.
- Potential economic impacts on travel and leisure spending.
- Changes in consumer preferences and demographic shifts.
