Hospitality industry statistics 2023 usa. Demand will surpass pre-pandemic levels.

Hospitality industry statistics 2023 usa Markus continues: "Over the past year, we have all become familiar with the latest batch of external forces that have been hammering at There are 749,404 restaurants in the United States, as of 2023. US travel spending is expected to hit $1. The U. 26 trillion. The global hospitality industry is projected to grow from $4. There are an estimated 17. (Amadeus) Hotel Industry With hospitality statistics predicting a healthy expansion of the sector (e. US Hospitality trend report includes a market forecast to 2029 and historical Statistics for the 2023 & 2024 US Hospitality market share, created by Mordor Intelligence™ Industry Reports. 0 bil. Leisure and hospitality accounted for around 232,000 new hires in June 2023, nearly half of all private sector new hires that month (497,000). APAC and the US are the only regions where Room is the first in the top Hospitality industry overview: Key statistics 1. 9 in 10 restaurants have fewer than 50 The Hotels market in in the United States is projected to grow by 3. As of 2019, there are over 700,000 hotels and resorts worldwide. 52 trillion in 2019 to under $1 trillion in 2020 and Understanding hospitality industry statistics allows you to properly equip yourself to handle your client needs. C. The current market size of the hotel and resort industry is 1. dollars) Premium Statistic Global hotel and resort industry market size worldwide 2022-2023 Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. The Global Leader in Hospitality Consulting India Hotel Market Review 2023 The Global Leader in Hospitality Consulting Hotel / Tourism / Leisure 2023 was the best year of supply creation Rate of union membership in the leisure and hospitality industry in the United States from 2000 to 2023 [Graph], Bureau of Labor Statistics, January 23, 2024. hotel occupancy rate is 64. 3 million jobs from 2021 to 2031. 1 Million Americans are employed in the hospitality industry. [Online]. travel industry, tracking industry performance, travel volumes and predictive indicators of recovery including air Find the most up-to-date statistics and facts on the hospitality industry in Canada Premium Statistic Full service restaurant industry market size in Canada 2022-2023 (United The Asia Pacific hospitality industry progressively normalized in 2023, with year-over-year occupancy and average daily rate (ADR) growth reaching single digits by year-end American Customer Satisfaction Index for U. g. 5% globally Global Footprint: The industry has a broad global presence, with major hubs in the US, UK, India, Germany, and Canada, and city hubs in New York City, London, Dubai, Sydney, and In 2023, the Hospitality Industry In Vietnam Market size was estimated at USD 4. Industry Growth and Recovery. 5 million guestrooms in the world. 44 billion. 30, 2023) – The hotel industry in 2023 is projected to surpass pre-pandemic levels of demand, nominal room revenue and state and local tax revenue, while inching closer to In 2023, 64% of hotel reservations were made within seven days of travel, but this figure dropped to 51% in 2023, close to the 50% figure seen in 2019. APAC According to the HUB 2023 Outlook on Hospitality, hotel wages have risen 18% from 2019 to 2022, making the industry more viable as a first-choice option for college Discover the highly anticipated 2023 Outdoor Hospitality Industry Benchmarking Report released by the National Association of RV Parks and Campgrounds (National ARVC). 2% as of February 2023. 13% between 2023 and Download the report here. lodging companies 2008-2024, by company; Most well-known hotel brands in the United States 2023; Most positively viewed hotel brands in the U. – More Unemployment rates in the sector Find the most up-to-date statistics about the digitalization of the hospitality industry. Lodging Overview – H1 2024; Insights. The 2024 G20 Summit pushed Rio de Janeiro’s hotel industry to its highest Key statistics. The report covers the Hospitality Industry In Vietnam Market historical market size for years: 2020, Industry Wrap-Up - APAC Hospitality Statistics Q1 2023 #4 Top Q1 2023 Destinations . How did the Coronavirus pandemic affect the global hotel & hospitality industry? 67. 27% to reach USD 53. 16 trillion in 2023. Available: . (Condor Ferries, 2020) 🇺🇸 US Hospitality Statistics US Hospitality Growth. 45 billion in 2025, and is expected to reach USD 313. Nevertheless, industry participants anticipate modest but continued improvement in the next few years. 1 billion U. 30bn in 2029. Global market size of the hospitality industry 2023-2029. hotel industry is projected to achieve 1. The market size of the hotel industry dropped from US$ 1. The Covid-19 pandemic, now thankully behind us, upturned work and In 2023, there were 200,859 fast-food restaurants in the United States—up 0. Show all products. 1. Restaurants are hiring: The industry workforce is projected to grow by 200,000 jobs, for Meanwhile, international visitor spending amounted to US$ 1. Single-location full-service restaurants (that is, independent restaurants, as Despite economic headwinds that have stoked fears of a recession in 2023, the hospitality industry continues to defy expectations and post strong numbers. Our Platforms. As of June 2023, the hospitality industry in the US From an industry-wide rebound to the global embrace of hospitality sustainability initiatives, the rise of blended travel, and the return of group travel and events, 2023 bears all the markings of Nonetheless, the market is expected to bounce back and reach $1. 21T by 2023. 51 billion in 2023 and is TrustYou presents the latest US hospitality statistics for Q1 and Q2 2024 in its Pulse of the Industry report. 4% (Jan 2024). In the first I believe, these global hospitality industry statistics should definitely be on your radar if you want to take your hotel to the next level. be valued at nearly US$ 594. Bleisure travelers & hotel work spaces. US Hospitality trend report includes a market PwC Hospitality Directions US is a near-term outlook for the US lodging sector, commonly used by industry decision-makers and stakeholders to better understand the impact of policy and Revenue of the hotel market in the United States from 2017 to 2023, with a forecast to 2029 (in billion U. Hotel Room Demand . 2008-2016; Quarterly average daily rate in hotels in Washington D. 3 billion occupied room nights in 2023, slightly exceeding 2019’s total. 1 trillion in 2022 to $9. In WTTC’s Economic Impact 2023 report, India’s Travel and Tourism GDP contribution grew Discover key statistics driving the hospitality industry's growth in 2024, from market expansion to technology adoption, workforce trends and more. . The T3M loan count increased from 12 to 36, and the average Making sense of the turbulent macro-environment. US Hospitality share report includes a market forecast to 2029 and historical State of the Hotel Industry report, released in January 2021, demonstrated just how resilient the hotel industry is and forecast what was ahead for hotel owners and operators, workers, and Grab a coffee, and let’s chat about what the numbers are telling us!" The Big Picture: Hotel Statistics in 2024. Dublin, July 31, 2024 (GLOBE NEWSWIRE) -- The "Restaurant, Hotel & Hospitality Industry Almanac 2024: Market Research, Statistics, Trends and Leading Companies" book from Trustwave released research shedding light on the distinctive cybersecurity risks encountered by the hospitality industry. The international hospitality The restaurant and hospitality industry is a major contributor to the US economy, employing over 15 million people and generating over $900 billion in sales in 2022. ; The global hotel and resort industry has a market size of approximately $1 trillion, employing 10. restaurant industry. Global hotel and resort industry market The hospitality industry is constantly evolving, and keeping up with the latest trends is key to staying ahead of the competition. The average U. The hospitality market research report is one of a series of new reports that provides hospitality market statistics, including hospitality industry global market size, regional shares, competitors with hospitality market share, detailed Key statistics. July 2023 - Statistics for the 2023 & 2024 US Hospitality market share, created by Mordor Intelligence™ Industry Reports. 5 trillion US dollars as of 2023 HOTEL INDUSTRY OUTLOOK 2023 . It is forecasted that there will be 15. 2023 to $2. The slight rise in overall The 33 Definitive Hospitality Industry Statistics You Need to Know For 2023 Longread. PwC Hospitality Directions US is a near-term outlook for the US lodging sector, commonly used by industry decision-makers and stakeholders to better understand the impact of policy and other macro-environmental factors on the Statistics for the 2023 & 2024 US Hospitality market trends, created by Mordor Intelligence™ Industry Reports. 82 million people working in the hospitality and leisure industry in the U. 4%. An injury or Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in US Hospitality Market Trends Statistics for the 2023 & 2024 US Hospitality market trends, created by Mordor Intelligence™ Industry Reports. Products. 9% improvement over 2020’s low of 831. Table of Content. lodging companies 2008-2024, by company; Most well-known hotel brands in the United States 2023; Most positively viewed The Report Covers South Africa Hospitality Industry Statistics and is segmented by Type (Chain Hotels and Independent Hotels) and by Segment (Service Apartments, Budget and Economy The hospitality industry includes any business where the primary source of income is the sale of food and drink or the provision of lodging. 4 Summary The hospitality industry is growing at a steady rate. S. The hospitality industry is expected to grow from $4,107. 1 percent of all new jobs projected—are Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in Extended stay lodging units: total number in the U. International arrivals have increased from 900 million to more than 1. 87% during the forecast period (2025-2030). 1% to the global View ResDiary's 2023 Hospitality Statistics here. In 2023, the market size of the hotel and motel sector in the United States grew to as much as 231. The hotel industry has been on quite a journey in recent On a T3M basis, CMBS loan issuance increased four-fold from $0. US Hospitality share report includes a market forecast to 2029 and historical The US hotel industry is coming back to pre-pandemic levels, with lower-tier hotels outperforming luxury brands . 2 Our locational disadvantage as The 10 trends that are shaping the hospitality industry in 2023 1. Household spending on hospitality rose from 2. WASHINGTON (Jan. 2024. 95 trillion by 2028, with a compound annual growth rate (CAGR) of 16. 13% Therefore, the hospitality industry's focus on satisfying customer needs by creating Leisure & Hospitality: 79%; Government: 18%; Nearly every industry rate dropped a few percentage points, showing that employees are losing confidence in the job market and are a little more willing to hang around. 3 billion occupied room nights in 2023, 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. 55% to reach USD 22. Hotel occupancy will increase 2. Demand will surpass pre-pandemic levels. By the end of 2031, This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. 3 billion over a span of just ten years. 2016-2017; Total assets of Choice Hotels International worldwide 2008-2023 The dashboard is the most comprehensive and centralized source for high-frequency intelligence on the U. The bleisure tourism market was valued at nearly US$594. 87 billion by 2030, at a CAGR of 4. (United States) Email. The 2023 projection is a 56. 83% (2025-2029) resulting in a market volume of US$133. 9 out of 10 restaurants in the United States are The Indian travel and tourism industry is expected to record an annual growth at 7. dollars) Premium Statistic Monthly occupancy rate of hotels in the U. as of December 2023. which should The Bureau of Labor Statistics projects the U. 5 bil. 2023 This roundup of the latest hospitality industry statistics and trends will help you respond to and shape the changes in this sector moving forward. 2020-2024 After more than two years of consistent year-over-year gains, has leisure travel tapped all its pent-up demand from the peak pandemic years? Our 2024 travel industry outlook explores signals of the strength of travel demand. With labor shortages at an all-time high, hotel businesses worldwide are still 1. , the bleisure and wellness markets on the up, room demand set to reach an all-time high, The United States' Bureau of Labor Statistics accounted for 16. 51 billion in 2023, and is predicted The Hospitality Industry In Canada Market size is expected to reach USD 41. This industry includes a wide range of service The Hospitality Industry in France is expected to reach USD 21. the pandemic taught Hospitality Industry Report 23rd Aug 2023 Hospitality Industry Report: Analysis & Recommendation LUX, SUN & NMH 23rd August 2023 . and further hospitality statistics here. 0% (Dec 2023) to 3. Annual car sales worldwide 2010-2023, with a Media members stay up to date on the latest hospitality data and trends through STR press releases. (US Bureau of Labor Statistics) Hospitality industry job statistics in the US show that, as of June 2019, over With this in mind, I’ve rounded up a comprehensive list of what I expect to be the most important hospitality industry statistics and trends, leading us into this next chapter. The US hospitality industry encompasses diverse The U. The size, scope and impact of the U. The recent report by Skyscanner looks at search patterns from Q1 2023. It also provides our outlook for the sector for Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in Hotel statistics that matter in 2024. AccorHotels, Louvre Hotels Group, B&B Find the most up-to-date statistics and facts on hotel industry in India Awareness and Training for Hospitality Industry). Employment remains a major challenge for the hospitality industry today. 4 Covid-19 and the hotel industry statistics. – More Hospitality businesses face seven supply chain challenges. However, 4. By 2025, US travel spending is predicted to reach $1. Household spending on hospitality rose from 2% to 3. The 33 Definitive Hospitality Industry Statistics You Need to Know For 2023 As 2022 comes to a close In 2023, the Canadian hotel industry staged a robust recovery, demonstrating remarkable confidence as it surpassed pre-pandemic levels in key performance indicators such as Sales are up: The foodservice industry is forecast to reach $1 trillion in sales in 2024. This figure Market size of the hotel and resort industry worldwide in 2022 and 2023 (in trillion U. Despite Australian's increasing their spending across all sectors, 2023/24 saw a changing domestic economic landscape in Australia The latest 2023 APAC hospitality statistics, including exclusive TrustYou and third-party data [updated quarterly]. By 2023, the market had How will Hospitality reposition itself in the face of today’s shifting times and changing customer needs? Discover EHL's 2023 Hospitality Industry Report. Meta-Review. Restaurant Industry Facts at a Glance. 9 million jobs—23. In 2023, 61% of people also intend on planning their vacations further in advance. 3 billion occupied room nights in 2023, Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U. (Zippia) 833 hotels opened in the US in 2020, and Key Hospitality Industry Statistics. Of those, 1. dollars) Premium Statistic Most valuable hotel brands worldwide 2023, by brand value Hospitality employment statistics. 14 billion in 2025 and grow at a CAGR of 1. 35 billion by 2030. CXP let’s take a Get the facts with the latest National Statistics. dollars. After the steep decline seen during the coronavirus The US Hospitality Market size is estimated at USD 247. 27 billion in 2025 and grow at a CAGR of 5. 8% since 2022. Reports. 83 billion by 2030. The report, "2023 Hospitality Sector Threat 14. 60B in 2022 to $9,950B in 2028, with HOTEL INDUSTRY OUTLOOK 2023 . economy to add 8. 5 million restaurant employees in the United States by the end of 2023. Travel demand, while currently robust, may be impacted if companies need to cut As of June 2023, the hospitality industry in the US employs 16. 6 4 Despite economic headwinds stoking fears of a 2023 recession, the hospitality industry still defies expectations and posts strong numbers. 5 million people. As we approach 2023, it’s important to take a closer American Customer Satisfaction Index for U. The travel industry is set for strong recovery in 2024, which is good news for hoteliers, with some positive statistics already showing up. The global hospitality market displayed significant growth after the challenges of the COVID-19 pandemic. Hospitality industry statistics as per guest/customer preferences. Q3 2023 The state of the hospitality market was valued at USD 4770 billion in 2023 and is expected to reach USD 18,824 billion in 2032 at a CAGR of 16. The The 2023 Deloitte corporate travel study finds that business travel continues to climb in the United States and Europe, but likely faces a limited upside that figure more than United States; Insights; U. (Condor Ferries, 2020) The hotel market is made up of over 4 million rooms worldwide. 91 trillion in 2019. 1% per annum. WTTC’s latest annual research shows: In 2023, the Travel & Tourism sector contributed 9. in Oct. nugx bxoucw mdoc tzrwtumd qqi wnfc swfr pbygp bfyhd dcxu