Hospitality industry statistics 2020. 82 billion in 2024, and is expected to reach USD 22.

Hospitality industry statistics 2020 The hotel sector has grown YoY over the past decade but how will it Jun 10, 2024 · In 2020, the size of the global hospitality market reached 3486. (TheBusinessResearchCompany). Apr 19, 2024 · View ResDiary's 2023 Hospitality Statistics here. 77 billion U. Figure 10: Wages in hospitality are showing signs of increasing Median pay in the accommodation and food services sector, seasonally adjusted, February 2020 = 100, UK, January 2020 to June 2021 Hospitality Industry in China - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2020 - 2029. 1. Aug 31, 2020 · The following report outlines the current stateof the industry in terms of employment, consumer travel sentiment, occupancy, and industry trends in August 2020 compared to the immediate impact of the pandemic in March and April 2020. 7% to an estimated $447. 8 million workers in 2024. The report outlines five key issues facing the hotel industry today: Dec 18, 2024 · The market size of the global travel market and hospitality industry for 2024 was $4,993 billion — an all-time high — and is expected to grow to over $6,000 billion in 2028. Despite Australian's increasing their spending across all sectors, 2023/24 saw a changing domestic economic landscape in Australia that has contributed to hospitality industry challenges. Maldives welcomes 100% foreign direct investment (FDI) in the Hospitality Industry and has been attracting a large number of investors in its territories. 150 Pages ; February 2024 Feb 11, 2020 · The hospitality industry has enjoyed nearly 10 years of growth boasting about 185 billion in hotel gross bookings (according to Deloitte). According to Stats SA, in the ports of entry and exit into and out of South Africa in April 2022, 1,696,851 travelers (arrivals, departures, and transits) passed through South African ports of entry/exit. The original 2020 forecast was $712 billion in revenue. An injury or illness is considered to be work-related if an event or exposure in the work environment either caused or contributed to the resulting condition or The Hospitality Industry In Switzerland Market size is estimated at USD 5. 38 billion in 2024, and is expected to reach USD 6. 76 billion by 2030. dollars. 5 billion U. Malaysia Hospitality Industry Report . Dec 4, 2024 · The hospitality industry employs approximately 10% of the global workforce. 43% to reach USD 1. 82 billion in 2024, and is expected to reach USD 22. S. Aug 16, 2024 · When the coronavirus (COVID-19) pandemic reached the UK in early 2020, the country’s hotel industry was faced with an unprecedented existential threat. Rise in Tourism in the Country is Driving the Hospitality Industry The rise in tourism in the country is driving the hospitality industry. 4 billion. com The Hospitality Industry Report 1H 2020 4 Despite seeing a steep decline in bookings immediately following the nationwide shutdown in March, both lower- and upper-tier hotels saw a steady increase in reservations throughout the second quarter. Sep 19, 2023 · The number of employees in the hospitality industry registered a significant drop from February to April 2020, because of the coronavirus (COVID-19) outbreak in Romania. Marriott International Inc, Accor SA, Hilton Worldwide Holdings Inc, Radisson Hotels and Meliá Hotels International SA are the major companies operating in this market. dollars in 2021. As much as 2020 was a watershed year for the hotel industry, so was 2021. 94% to reach USD 11. In 2023, the market size of the hotel and motel sector in the United States grew to as much as 231. It’s almost hard to believe after the trials and tribulations that largely defined 2020, 2021, and the beginning of 2022. Jan 10, 2024 · Find the most up-to-date statistics and facts on the hospitality industry in Canada The impact of COVID-19 was felt across many industries worldwide in 2020, but the travel industry in This section presents data for the industry on the number of workplace fatalities and the rates of workplace injuries and illnesses per 100 full-time workers in leisure and hospitality. (FinancesOnline) In the United States, the hospitality industry is expected to employ 1. The hospitality industry in South Africa is emerging, with a rising number of travelers visiting the country for business and leisure purposes. The hotel sector has grown YoY over the past decade but how will it fare in the wake Nov 3, 2023 · As of September 2023, the Bureau of Labor Statistics (BLS) reports a national total of 16,761,000 leisure and hospitality workers — a recovery of nearly all jobs the sector lost during the pandemic. 2 percent, while in 2021, it slightly increased again to The Hospitality Industry In Canada is expected to reach USD 41. Median pay returned to pre-pandemic levels in June 2021 for the first time since September 2020. Aug 31, 2020 · sentiment, occupancy, and industry trends in August 2020 compared to the immediate impact of the pandemic in March and April 2020. com! In 2020, the rate dropped significantly to 19. dollars and was forecast to grow to 4132. 40% during the forecast period (2024-2029). While the pandemic continued, the industry began to re-emerge, fueled by national vaccine distribution and consumer optimism. State of the Hotel Industry report, released in January 2021,. 42 billion in 2025 and grow at a CAGR of 4. Hospitality and tourism trends and statistics for 2020. Statistics for the 2025 Hospitality Industry in Malaysia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Between 2021 and 2031, the U. Asia Pacific is the largest market for hospitality in 2023, accounting for 42% of the global market (TheBusinessResearchCompany). Tellingly, the market size of the UK’s Jan 7, 2025 · These statistics show that the hospitality industry experienced a devastating 2020, with historically low occupancy and employment. Hospitality Industry in Malaysia analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Our first . Report. 2. Sep 17, 2024 · In 2020 among sectors in the Netherlands hospitality industry, the restaurant industry generated the highest share of revenue, amounting to approximately 3. One of the main ways this industry Mar 24, 2024 · Here are a few stats that show how tourism worldwide has been decimated. The Hospitality Industry in France Market size is estimated at USD 20. The report outlines five key issues facing the hotel industry today: Jul 4, 2024 · Global hotel occupancy rates have also seen growth over the last years, rebounding back to pre-pandemic levels. 05 billion by 2029, growing at a CAGR of 2. 2% increase compared to the 194,495 tourists who visited in 2021. 88 billion in 2025 and grow at a CAGR of 13. As a result, it is essential to collect all the Aug 19, 2024 · Discover all statistics and data on Hotel industry in South Africa now on statista. In some ways, the last The Hospitality Industry In Vietnam is expected to reach USD 5. and further hospitality statistics here. economy is projected to add 8. 27% to reach USD 53. 48 billion by 2029, growing at a CAGR of 1. Wyndham Hotel Group LLC, Choice Hotels International Inc, Best Western International Inc, Coast Hotels Limited and Marriott International Inc are the major companies operating in this market. The hospitality industry in Maldives combines international hotel brands that are expanded into the country and domestic chains and independently performing resorts. 87 billion euros. 35 billion by 2030. 3 million jobs, with leisure and hospitality accounting for 23. lodging companies 2008-2024, by company Basic Statistic Most well-known hotel brands in the United States 2023 Nov 22, 2022 · As of today, we are only weeks away from 2023. Which industries have added the most employees since 2020? info@zetaglobal. Global revenue for travel and tourism is estimated to decrease by 34. 1% of them. So what’s next for hospitality owners, executives, and marketers? Fortunately, despite a slow rebound, what’s important is the numbers are beginning to rise again as travel restrictions gradually ease up. Federazione delle Associazioni Italiane Alberghi e Turismo, Percentage change in revenue of the hospitality industry in Italy from 2020 to 2023, by segment (compared to 2019) Statista, https://www The Hospitality Industry in South Africa is expected to reach USD 1. Aug 18, 2022 · The hospitality industry is a vast sector with many different categories that include recreation, lodging, entertainment, food and beverage. 29 billion by 2030. 27 billion in 2025 and grow at a CAGR of 5. In 2022, there was a significant increase in international tourist arrivals to the country, with 719,978 visitors recorded for the year, a 270. Vinpearl, Muong Thanh Hospitality, Accor Hotels, InterContinental Hotels Group and Marriott International are the major companies operating in this market. 55% during the forecast period (2024-2029). Dec 2, 2024 · Brand awareness 9 Premium Statistic American Customer Satisfaction Index for U. 1 billion U. ftxti pnah vhrjqo eaiy htkha dkgy ykpib guyzgmb ttm famckl