HoReCa Market Research Report— Global Forecast till 2028

1. HoReCaMarket Global Industry Survey, Growth, Competitive Landscapeand Forecasts to 2028 CREATED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. HoReCa Market Global Research Report - Forecast till 2028 Market Forecast : The global HoReCa Market is projected to be valued at USD 2.38 trillion by 2028, registering a CAGR of 3.15% between 2021 and 2028. HoReCa is referred to as hotels, restaurants, and cafés & pubs. The hotel industry is a mature market driven by intense competition worldwide and is commonly classified as commercial hotels, airport hotels, conference hotels, economy hotels, suite or all-suite hotels, residential hotels, casino hotels, and resort hotels. Restaurant is a business which prepares and serves food and drinks to consumers in exchange for money, either paid before the meal, after the meal, or with an open account. Here restaurants primarily include quick service restaurants (QSR) and casual dine in formats. Cafés & pubs are driven by several factors, such as favorable demographics, rising income levels, the development of mid-sized cities and the advent of international chains. A growing willingness, especially among the youth to consume food and drink outside the home and increasing disposable incomes are fueling the cafés & pubs segment worldwide. Cafés & pubs are considered as perfect places to socialize and hangout and thus, its revenue is majorly generated by the younger generation. Additionally, with the HoReCa Market showing steady growth worldwide, there is an increasing need to adapt to emerging trends. Along with the proliferation of review sites and online ordering options coupled with a move towards conscious dining, HoReCa establishment owners will need to take into account current consumer preferences to ensure its position in the increasingly competitive landscape. www.marketresearchfuture.com

3. HoReCa Market Global Research Report - Forecast till 2028 Growth Opportunities in the Market Themed Restaurants & Hotels: Theme restaurants are an extension of casual restaurants. The major distinction is that theme restaurants & hotels focus on a specific theme. For instance, Hard Rock Café focuses on rock-and-roll memorabilia, Rainforest Café centers on a jungle theme, and T-Rex is a Prehistoric themed restaurant. These are restaurants chains, however, there are independents restaurants as well, such as the Jekyll & Hyde Club in New York City. These establishments are primarily focused on the décor and architecture over food and beverage. Therefore, to build such theme establishments, the building cost can reach as much as USD 15 million. These type of theme restaurants are often found in major shopping malls and theme hotels are found in major tourist with the aim to increase footprints. Furthermore, owing to high building costs followed by high cost of real estate, the average services prices are notably higher than casual establishments. For example, lunch on an average can be priced at USD 13 and dinner at USD 23. Growing traction for themed restaurants owing to its décor and ambience is expected to be an opportunistic area in the HoReCa Market worldwide. Growing Online Food Delivery Market: E-commerce has enhanced customer experience by making the food delivery process easy and efficient. Consumers can easily select food on food delivery apps, at any time of the day, from different menus of various registered HoReCa establishments. This results in the timely delivery of food as per the requirement of the consumers. Some consumer segments that are influencing the global HoReCa Market are Gen Z and Millennial. These are the most tech-savvy users and are ready to pay a premium to avail online services. Additionally, the food delivery apps also offer the convenience of scheduled booking of hotel rooms which is further boosting the sales of HoReCa across the globe. Get Sample Report: https://www.marketresearchfuture.com/sample_request/10535 www.marketresearchfuture.com

4. HoReCa Market Global Research Report - Forecast till 2028 Application & Major Players in this Research: Some of key the players in the market are • Yum! Brands, Inc. In the US • Restaurant brands international inc. In Canada • Hyatt hotels corporation in the US • Wyndham Hotels Group, LLC in the US • Inspire brands, Inc. In the US • The coca-cola company in the US • Hilton worldwide Holding Inc. In the US • Mcdonald's corporation in the US To Read Full Report @ https://www.marketresearchfuture.com/reports/horeca-market-10535 www.marketresearchfuture.com

5. HoReCa Market Global Research Report - Forecast till 2028 About Us: Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

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