Hospitality real estate market size to grow by USD 75.36 billion from 2022 to 2027: A descriptive analysis of customer

NEW YORK, Jan. 12, 2023 /PRNewswire/ — The global hospitality real estate market size is estimated to increase by USD 75.36 billion from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 10.25% during the forecast period. – Request a sample report

Global hospitality real estate market – Vendor analysis

Vendor offerings –

• Apple Hospitality REIT Inc. – The company offers hospitality real estate such as Embassy suites, Homewood suites, and Springhill suites.

• Best Western International Inc. – The company offers hospitality real estate such as Best Western, Best Western Plus, Best Western Premier, Vib, Glo, and Executive Residency by Best Western.

• Choice Hotels International Inc. – The company offers hospitality real estate such as Radisson Hotels, Rodeway Inn, and Comfort Inn.

• Extended Stay America – The company offers hospitality real estate such as extended Stay America suites.

• For details on vendors and their offerings – Buy the report!

Vendor Landscape –

The global hospitality real estate market is fragmented, with the presence of several large and medium-sized players. A few prominent vendors that offer hospitality real estate in the market are Aimbridge Hospitality LLC, Apple Hospitality REIT Inc., Atrium Hospitality LP, Best Western International Inc., Choice Hotels International Inc., Extended Stay America, G6 Hospitality LLC, Hilton Worldwide Holdings Inc., Host Hotels and Resorts Inc., Huazhu Group Ltd., Hyatt Hotels Corp., InterContinental Hotels Group Plc, Jones Lang LaSalle Inc., Marriott International Inc., OTO Development, Sonesta International Hotels Corp., The Georgetown Co. LLC, and Wyndham Hotels and Resorts Inc. and others.

The market is dominated by a few well-established manufacturers. The major market players compete in terms of brand name, new product innovation, and others. Moreover, the growth in the hospitality sector and geographical expansion by vendors operating in the market will drive competition among vendors. This will positively impact the market during the forecast period.

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Global hospitality real estate market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Global hospitality real estate market – Segmentation assessment

Segment overview
Technavio has segmented the market based on application (full-service restaurants, quick-service establishments, and catering services) and type (hotels and accommodations, spas and resorts, and other services).

• The full-service restaurant segment will grow at the highest rate during the forecast period. An increase in the global adult population aged 25-49 years is driving this segment. In addition, vendors globally provide promotional offers and discounts for dining at their restaurants to improve their customer service experience. Thus, the increasing number of full-service service establishments will drive growth in the market during the forecast period.

Geography Overview
Based on geography, the global hospitality real estate market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hospitality real estate market.

·  North America is estimated to account for 35% of the growth of the global market during the forecast period. The US and Canada are the key contributors to market growth, as consumers in these countries prefer to dine out. This is increasing the number of different types of restaurants in the region. In addition, business strategies being adopted by vendors, such as new product launches, partnerships, and others, are driving the regional market’s growth.

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Global hospitality real estate market – Market dynamics

Leading drivers – The rise in the number of quick-service restaurants are driving the market growth. The number of fast-food restaurants is increasing due to the rise in the demand for fast food, especially in developing economies. This encourages fast-food companies to expand domestically and internationally. The growth of the urban population has also increased the number of fast-food restaurants. Thus, the increase in the number of fast-food restaurants will drive the market during the forecast period.

Key trends – Technological adoption in the real estate industry is a trend in the market. The increase in the adoption of technology is positively impacting commercial real estate. The adoption of new tools will increase productivity and also save costs. For instance, smart sensor technology helps properties enhance energy savings. Therefore, technology adoption is expected to drive the growth of the global market during the forecast period.

Major challenges – Uncertain macroeconomic conditions are challenging market growth. The real estate industry is highly susceptible to national and regional macroeconomic conditions. Uncertainty about prevailing economic conditions will adversely affect the industry. During the forecast period, customers may delay spending due to reduced debt loads, a decline in income or assets, and negative economic news. Demand can also be affected by conditions in the office real estate market, labor and health care costs, credit availability, and other macroeconomic factors. All these factors will impede the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses- Find some insights from a sample report!

What are the key data covered in this hospitality real estate market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the hospitality real estate market between 2023 and 2027

• Precise estimation of the size of the hospitality real estate market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the hospitality real estate market across North America, Europe, APAC, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of hospitality real estate market vendors

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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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