Hospitality real estate market size is estimated to grow by USD 75.36 billion from 2022 to 2027, Technological adoption in the real estate industry to be a leading trend – Technavio

NEW YORK, Feb. 22, 2023 /PRNewswire/ — According to Technavio, the global hospitality real estate market size is estimated to grow by USD 75.36 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 10.25% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 35% of the market’s growth. The report also includes historic market data from 2017 to 2021. In 2017, the hospitality real estate market was valued at USD 76.66 billion. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. For more insights on the historic market data from 2017 to 2021 , Request a sample report

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Hospitality real estate market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application (Full-service restaurants, Quick service establishments, and Catering services), and type (Hotels and accommodation, Spas and resorts, and Other services).

• The full-service restaurant segment will grow at the highest rate during the forecast period. An increase in the global adult population aged 25-49 years is driving this segment. In addition, vendors globally provide promotional offers and discounts for dining at their restaurants to improve their customer service experience. Thus, the increasing number of full-service service establishments will drive growth in the market during the forecast period.

Geography Overview

By geography, the global hospitality real estate market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global hospitality real estate market.

• North America is estimated to account for 35% of the growth of the global market during the forecast period. The US and Canada are the key contributors to market growth, as consumers in these countries prefer to dine out. This is increasing the number of different types of restaurants in the region. In addition, business strategies being adopted by vendors, such as new product launches, partnerships, and others, are driving the regional market’s growth. 

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Hospitality real estate market – Market Dynamics

Key factor driving market growth

• The rise in the number of quick-service restaurants are driving the market growth. 
• The number of fast-food restaurants is increasing due to the rise in the demand for fast food, especially in developing economies.
• This encourages fast-food companies to expand domestically and internationally. The growth of the urban population has also increased the number of fast-food restaurants.
• Thus, the increase in the number of fast-food restaurants will drive the market during the forecast period.

Leading trends influencing the market 

• Technological adoption in the real estate industry is a trend in the market.
• The increase in the adoption of technology is positively impacting commercial real estate. The adoption of new tools will increase productivity and also save costs.
• For instance, smart sensor technology helps properties enhance energy savings. Therefore, technology adoption is expected to drive the growth of the global market during the forecast period.

Major challenges hindering the market growth

• Uncertain macroeconomic conditions are challenging market growth. 
• The real estate industry is highly susceptible to national and regional macroeconomic conditions. Uncertainty about prevailing economic conditions will adversely affect the industry. 
• During the forecast period, customers may delay spending due to reduced debt loads, a decline in income or assets, and negative economic news. 
• Demand can also be affected by conditions in the office real estate market, labor and health care costs, credit availability, and other macroeconomic factors. All these factors will impede the market during the forecast period.

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What are the key data covered in this hospitality real estate market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the hospitality real estate market between 2023 and 2027
• Precise estimation of the size of the hospitality real estate market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the hospitality real estate market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of hospitality real estate market vendors

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Table of contents

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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