Hospitality Real Estate Market 2023-2027; Segmentation by Application, Type and Geography; CAGR accelerating at 10.25% by 2027- Technavio

NEW YORK, June 2, 2023 /PRNewswire/ -- The Hospitality Real Estate Market is segmented by application (full-service restaurants, quick-service establishments, and catering services), type (hotels and accommodation, spas and resorts, and other services), and geography (North America, Europe, APAC, South America, and Middle East and Africa).

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Regional Market Outlook

During the forecast period, North America is anticipated to contribute 35% to the growth of the global market. The regional trends and drivers that will affect the hospitality real estate sector market during the forecast period have been thoroughly explained by Technavio's analysts.

The top two nations that contribute to market expansion are the US and Canada. This is due to the region's consumers' propensity for eating out, which inspires business owners to open new eateries. As a result, there are more restaurants of all kinds in the area. Additionally, the food service sector in North America is anticipated to expand significantly over the course of the forecast period as a result of vendor business strategies like new product launches, partnerships, and others. Many quick-service restaurants will expand their operations, thereby contributing to the growth of the market in North America.

View the sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Global Market Outlook

The hospitality real estate market size is expected to increase by USD 75.36 billion from 2022 to 2027, expediting at a  CAGR of 10.25% during the forecast period. The global hospitality real estate market is categorized by Technavio as a subsegment of the global specialized consumer services market, which is a subsegment of the global diversified consumer services market. The parent global specialized consumer services market includes the income produced by the providers of consumer services, such as residential, home security, legal, personal, renovation, and interior design services, as well as consumer auction, wedding, and funeral services. External factors influencing the parent market's growth during the forecast period have been thoroughly covered in our research report.

Latest Drivers and Challenges Impacting the Hospitality Real Estate Market

Hospitality Real Estate Market Drivers

• Rise in the number of quick-service restaurants: The rise in fast food demand, particularly in emerging economies, is largely to blame for the rise in quick-service restaurants. Fast food chains are being encouraged to grow both domestically and internationally as a result. During the forecast period, the market is anticipated to be driven by urban youth's expanding trend of socializing at cafes. The number of quick-service restaurants has increased as more people move into urban areas. Additionally, there are many new restaurants opening in nations like China and India, which will greatly increase the demand for hospitality real estate. By 2023, another 5,000 restaurants are anticipated to open in India, according to the National Restaurant Association of India (NRAI). Leading coffee shops like Starbucks are opening locations in numerous APAC and South American developing nations. The number of coffee chains that sell items like iced coffee has captured the interest of young people and is expanding its market.
• Growing investments by market vendors
• Geographical expansion by market vendors

Hospitality Real Estate Market Challenges

• Uncertain macroeconomic conditions: The industry has been harmed by the US and global economies' recent periods of moderate to slow growth and uncharacteristic volatility. Since customers may postpone purchases in response to tighter credit, drops in income or asset prices, and unfavorable financial news during the projection period, continued economic uncertainty will have a negative impact on the industry and continue to constitute a risk. This can negatively impact the demand for commercial real estate. Other elements that could impact demand include the state of the non-residential real estate markets, the cost of labor and healthcare, loan availability, and other macroeconomic issues. However, the lack of foreign direct investment (FDI) and the delay of government subsidies have led to the postponement or cancellation of projects, which has resulted in uncertain macroeconomic conditions. Thus, during the projected period, all of these variables will have a negative effect on the market under consideration.
• Uncertainty in construction industry
• Risks associated with suppliers   

Explore the evolving Vendor Landscape

Some of the market vendors are:

• 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, 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 extented stay america suites.

Request a sample today to explore the offerings of vendors and discover how they can benefit your business. - View Sample Report in minutes

Key benefits of the report:

• This study presents the analytical depiction of the hospitality real estate market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the hospitality real estate market share.
• The current market is quantitatively analyzed to highlight the hospitality real estate market growth scenario.
• The report provides a detailed hospitality real estate market analysis depending on competitive intensity and how the competition will take shape in coming years.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary ? Chart on Market Overview
• Exhibit 02: Executive Summary ? Data Table on Market Overview
• Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
• Exhibit 04: Executive Summary ? Chart on Market by Geography
• Exhibit 05: Executive Summary ? Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary ? Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary ? Chart on Incremental Growth
• Exhibit 08: Executive Summary ? Data Table on Incremental Growth
• Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hospitality real estate market 2017 - 2021
• Exhibit 18: Historic Market Size ? Data Table on Global hospitality real estate market 2017 - 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size ? Application Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size ? Type Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size ? Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size ? Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers ? Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers ? Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants ? Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes ? Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry ? Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Full service restaurants - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Full service restaurants - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Full service restaurants - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Full service restaurants - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Full service restaurants - Year-over-year growth 2022-2027 (%)

• 6.4 Quick service establishments - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Quick service establishments - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Quick service establishments - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Quick service establishments - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Quick service establishments - Year-over-year growth 2022-2027 (%)

• 6.5 Catering services - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Catering services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Catering services - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Catering services - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Application 
• Exhibit 46: Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 47: Chart on Type - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 49: Chart on Comparison by Type
• Exhibit 50: Data Table on Comparison by Type

• 7.3 Hotels and accommodation - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Hotels and accommodation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Hotels and accommodation - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Hotels and accommodation - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Hotels and accommodation - Year-over-year growth 2022-2027 (%)

• 7.4 Spas and resorts - Market size and forecast 2022-2027
• Exhibit 55: Chart on Spas and resorts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Spas and resorts - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Spas and resorts - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Spas and resorts - Year-over-year growth 2022-2027 (%)

• 7.5 Other services - Market size and forecast 2022-2027
• Exhibit 59: Chart on Other services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Other services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Other services - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Other services - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 China - Market size and forecast 2022-2027
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Apple Hospitality REIT Inc. 
• Exhibit 116: Apple Hospitality REIT Inc. - Overview
• Exhibit 117: Apple Hospitality REIT Inc. - Product / Service
• Exhibit 118: Apple Hospitality REIT Inc. - Key offerings

• 12.4 Best Western International Inc. 
• Exhibit 119: Best Western International Inc. - Overview
• Exhibit 120: Best Western International Inc. - Product / Service
• Exhibit 121: Best Western International Inc. - Key offerings

• 12.5 Choice Hotels International Inc. 
• Exhibit 122: Choice Hotels International Inc. - Overview
• Exhibit 123: Choice Hotels International Inc. - Product / Service
• Exhibit 124: Choice Hotels International Inc. - Key offerings

• 12.6 Extended Stay America 
• Exhibit 125: Extended Stay America - Overview
• Exhibit 126: Extended Stay America - Product / Service
• Exhibit 127: Extended Stay America - Key offerings

• 12.7 G6 Hospitality LLC 
• Exhibit 128: G6 Hospitality LLC - Overview
• Exhibit 129: G6 Hospitality LLC - Product / Service
• Exhibit 130: G6 Hospitality LLC - Key offerings

• 12.8 Hilton Worldwide Holdings Inc. 
• Exhibit 131: Hilton Worldwide Holdings Inc. - Overview
• Exhibit 132: Hilton Worldwide Holdings Inc. - Business segments
• Exhibit 133: Hilton Worldwide Holdings Inc. - Key offerings
• Exhibit 134: Hilton Worldwide Holdings Inc. - Segment focus

• 12.9 Host Hotels and Resorts Inc. 
• Exhibit 135: Host Hotels and Resorts Inc. - Overview
• Exhibit 136: Host Hotels and Resorts Inc. - Product / Service
• Exhibit 137: Host Hotels and Resorts Inc. - Key offerings

• 12.10 Huazhu Group Ltd. 
• Exhibit 138: Huazhu Group Ltd. - Overview
• Exhibit 139: Huazhu Group Ltd. - Product / Service
• Exhibit 140: Huazhu Group Ltd. - Key offerings

• 12.11 Hyatt Hotels Corp. 
• Exhibit 141: Hyatt Hotels Corp. - Overview
• Exhibit 142: Hyatt Hotels Corp. - Business segments
• Exhibit 143: Hyatt Hotels Corp. - Key offerings
• Exhibit 144: Hyatt Hotels Corp. - Segment focus

• 12.12 InterContinental Hotels Group Plc
• Exhibit 145: InterContinental Hotels Group Plc - Overview
• Exhibit 146: InterContinental Hotels Group Plc - Product / Service
• Exhibit 147: InterContinental Hotels Group Plc - Key offerings

• 12.13 Marriott International Inc. 
• Exhibit 148: Marriott International Inc. - Overview
• Exhibit 149: Marriott International Inc. - Business segments
• Exhibit 150: Marriott International Inc. - Key offerings
• Exhibit 151: Marriott International Inc. - Segment focus

• 12.14 OTO Development 
• Exhibit 152: OTO Development - Overview
• Exhibit 153: OTO Development - Product / Service
• Exhibit 154: OTO Development - Key offerings

• 12.15 Sonesta International Hotels Corp.
• Exhibit 155: Sonesta International Hotels Corp. - Overview
• Exhibit 156: Sonesta International Hotels Corp. - Product / Service
• Exhibit 157: Sonesta International Hotels Corp. - Key offerings

• 12.16 The Georgetown Co. LLC 
• Exhibit 158: The Georgetown Co. LLC - Overview
• Exhibit 159: The Georgetown Co. LLC - Product / Service
• Exhibit 160: The Georgetown Co. LLC - Key offerings

• 12.17 Wyndham Hotels and Resorts Inc. 
• Exhibit 161: Wyndham Hotels and Resorts Inc. - Overview
• Exhibit 162: Wyndham Hotels and Resorts Inc. - Business segments
• Exhibit 163: Wyndham Hotels and Resorts Inc. - Key offerings
• Exhibit 164: Wyndham Hotels and Resorts Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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