Hospitality can be defined somewhat broadly as an industry that focuses on providing consumers with a means to participate in leisure activities, be that staying in a hotel or dining in a restaurant. It encompasses many industries, the largest of which are accommodation and food and drink services. In 2023, the global hospitality market reached over 4.7 trillion U.S. dollars and was forecast to grow to around 5.5 trillion U.S. dollars in 2024.
Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029
(in billion U.S. dollars)
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Market Data Forecast. (January 15, 2024). Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/
Market Data Forecast. "Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars)." Chart. January 15, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/
Market Data Forecast. (2024). Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/
Market Data Forecast. "Market Size of The Hospitality Industry Worldwide in 2023, with Forecasts for 2024 and 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jan 2024, https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/
Market Data Forecast, Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/ (last visited November 21, 2024)
Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars) [Graph], Market Data Forecast, January 15, 2024. [Online]. Available: https://www.statista.com/statistics/1247012/global-market-size-of-the-hospitality-industry/
