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)
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Hotel industry worldwide
Industry overview
7
- Premium Statistic Global hotel and resort industry market size worldwide 2013-2023
- Premium Statistic Hotel openings worldwide 2021-2024
- Premium Statistic Hotel room openings worldwide 2021-2024
- Premium Statistic Monthly occupancy rate of hotels worldwide 2020-2023
- Premium Statistic Monthly hotel occupancy rates worldwide 2020-2023, by region
- Premium Statistic Change in monthly number of hotel bookings worldwide 2020-2023
- Premium Statistic Change in monthly number of hotel bookings worldwide 2020-2023, by region
Key players
4
- Premium Statistic Market value of biggest global hotel and resort companies 2023
- Premium Statistic Sales of biggest global hotel and resort companies 2023
- Premium Statistic Most valuable hotel brands worldwide 2023, by brand value
- Basic Statistic Leading hotel brands in the world 2022, by traveler ratings
Digitalization
7
- Premium Statistic Change in monthly number of online hotel searches worldwide 2020-2023, by region
- Premium Statistic Technologies global hotels plan to implement in the next three years 2022
- Premium Statistic COVID-19 hotel technologies or services that global consumers want long-term 2022
- Premium Statistic Hotel technologies global consumers think would improve their future stay 2022
- Premium Statistic Guests interested in touring hotels using VR/metaverse technology worldwide 2022
- Premium Statistic Guests interested to stay at hotels with automated messaging/chatbots worldwide 2022
- Premium Statistic Guests more likely to stay at hotels with self-service technology worldwide 2022
Construction outlook
5
- Premium Statistic Countries with the most hotel construction projects in the pipeline worldwide 2022
- Premium Statistic Countries with the largest amount of hotel rooms in the construction pipeline 2022
- Premium Statistic Cities with the most lodging projects in the pipeline worldwide 2022
- Premium Statistic Cities with the largest amount of lodging rooms in the pipeline worldwide 2022
- Premium Statistic Number of rooms in the pipeline worldwide 2022, by company
Further related statistics
20
- Number of hotel and catering businesses in Bruges (Belgium) 2012-2018
- Revenue of the hospitality industry in the Netherlands 2008-2020
- Number of hotel and catering businesses in Brussels (Belgium) 2012-2018
- Revenue of the hospitality industry in the Netherlands 2016-20120by type
- Number of hotel and catering businesses in Liège (Belgium) 2012-2018
- Number of hotel and catering businesses in Antwerp city (Belgium) 2012-2018
- Migrant workforce in the hospitality sector in England 2016, by region
- Consumer usage of foodservices Belgium 2017, by moment of the day
- Distribution of migrant workers in hospitality in the UK 2011-2016, by industry
- Hospitality sector: VAT rates in Belgium 2013
- Hospitality sector: VAT rates in Croatia 2013
- Direct employment in hospitality in the United Kingdom (UK) 2016. by sector
- Hospitality sector: VAT rates in Cyprus 2013
- Revenue index of the hospitality industry in the Netherlands Q3 2018-Q4 2023
- Volume changes in the leisure industry in the Netherlands 2015-2020
- Popular open source positions according to hiring managers worldwide 2020
- Global nitrile butadiene rubber latex market value 2019 & 2026
- Kloeckner & Co. SE - shipments 2005-2021
- Annual diesel-electric rubber-tired gantry (RTG) crane CO2 emissions 2017
- Crocs' retail revenue worldwide 2018-2021, by region
Further Content: You might find this interesting as well
Statistics
- Number of hotel and catering businesses in Bruges (Belgium) 2012-2018
- Revenue of the hospitality industry in the Netherlands 2008-2020
- Number of hotel and catering businesses in Brussels (Belgium) 2012-2018
- Revenue of the hospitality industry in the Netherlands 2016-20120by type
- Number of hotel and catering businesses in Liège (Belgium) 2012-2018
- Number of hotel and catering businesses in Antwerp city (Belgium) 2012-2018
- Migrant workforce in the hospitality sector in England 2016, by region
- Consumer usage of foodservices Belgium 2017, by moment of the day
- Distribution of migrant workers in hospitality in the UK 2011-2016, by industry
- Hospitality sector: VAT rates in Belgium 2013
- Hospitality sector: VAT rates in Croatia 2013
- Direct employment in hospitality in the United Kingdom (UK) 2016. by sector
- Hospitality sector: VAT rates in Cyprus 2013
- Revenue index of the hospitality industry in the Netherlands Q3 2018-Q4 2023
- Volume changes in the leisure industry in the Netherlands 2015-2020
- Popular open source positions according to hiring managers worldwide 2020
- Global nitrile butadiene rubber latex market value 2019 & 2026
- Kloeckner & Co. SE - shipments 2005-2021
- Annual diesel-electric rubber-tired gantry (RTG) crane CO2 emissions 2017
- Crocs' retail revenue worldwide 2018-2021, by region
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 June 16, 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 June 16, 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: June 16, 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 June 16, 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/