DUBLIN--(BUSINESS WIRE)--The "Global Overview of the Hotel and Restaurant Industry" report has been added to ResearchAndMarkets.com's offering.
The Global Overview of the Hotel and Restaurant Industry offers a unique insight into key trends shaping the industry world-wide and in the largest markets. Aimed at strategists and planners, it draws on the analyst's vast information resources to give top line insight across manufacturing, B2B and services sectors.
This briefing examines how the hotels and restaurants industry performs globally and in the largest countries in terms of hotels and restaurants output. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries globally.
Four Trends Shaping The Hotels And Restaurants Industry
Technology
Stricter safety protocols, changing consumer behaviour and rising labour costs are driving investment in technology and process automation. The hotels industry is expected to invest further in process optimisation tools that help to streamline repetitive and time consuming tasks.
Stricter Safety Protocols
Strict consumer safety protocols are expected to stay in place even after the COVID-19 pandemic. This is expected to include changes in hotel design to reduce crowding in public areas, and improve ventilation, water treatment and similar infrastructure.
Sustainability
Consumers are increasingly paying attention to sustainability. This is expected to impact the hospitality industry, with travellers increasingly opting for regional or shorter distance travel to reduce environmental impact. The hotels and restaurants industry will have to find ways to reduce waste and energy consumption.
Rise Of New Types Of Travel
“Workations” and other new types of travel are expected to rise in popularity over the forecast period. Travellers on “workations” typically desire a home-like experience, and hotels will have to find ways to improve the customer experience through offering a comfortable environment for work.
Key Topics Covered:
- Examining four trends shaping the hotels and restaurants industry
- COVID-19: Impact on hotels and restaurants
- Hotels and restaurants among the industries most affected by COVID-19
- Production value to fully recover in 2023
- China and the US dominate the global industry
- Cost discipline to continue as rising prices pressure profits
- Tourism flows drive market growth in Europe
- Chinese hotel operators remain in the lead
- Total number of companies declines, due to closures during pandemic
- Industry concentration expected to increase slightly
- China and Europe to drive future growth
- Lagging international tourism flows to delay industry’s recovery
- Key future trends shaping the hospitality industry
- China: Lower spending during the pandemic stalls industry’s growth
- Hospitality sector bounces back from COVID-19 pandemic in 2021
- US: Industry faces prolonged recovery from COVID-19 shock
- Economic recovery supports restaurants, although hotels face prolonged recovery
- Japan: Struggling travel sector to drag down industry’s performance
- Ageing population and underperforming tourism sector to restrict demand growth
- France: Gradual recovery in tourism to aid industry’s growth
- Industry bounces back from the pandemic, but worker shortage puts pressure on companies
- Spain: Struggling tourism sector to delay industry’s recovery
- Rising competition in tourism sector to prolong industry’s recovery
- Italy: Industry faces prolonged recovery from the pandemic
- Industry faces subdued growth despite the recovering tourism sector
- India: Industry recovers from COVID-19 shock
- Accelerating domestic consumption to drive hospitality sector’s recovery
- South Korea: Industry proves resilient during COVID-19
- Recovering tourism and growing domestic spending to support growth
- UK: Industry is heavily hit by the pandemic
- Industry to see prolonged recovery
- Germany: Industry faces slow recovery due to struggling tourism
- Overcapacity in hotels sector and struggling tourism will hurt industry’s growth
For more information about this report visit https://www.researchandmarkets.com/r/y3wqan
