Restaurant, Hotel and Hospitality Market Research

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Restaurant, Hotel and Hospitality OVERVIEW

  At Plunkett Research, we look at the “hospitality” industry in a broad way, to include most types of services or sectors that serve freshly-prepared food and drinks to customers or provide lodging services to travelers.
     That is, they literally provide hospitality to their paying guests.
     Consequently, we include restaurants of all types, as well as catering, cafeterias, coffee shops and bars or taverns.
     (However, we do not include the prepared foods sections of supermarkets.)  On the lodging side of hospitality, we include hotels, motels, inns, resorts and hostels.
     In addition, we include cruise lines—a hospitality segment that is of growing importance to the global economy.
     Of course, many lodging businesses, such as hotels and cruise lines, also include restaurants, and more than a few include casinos, retail shopping areas or resort amenities. Restaurants:  The global restaurant industry generated approximately $1.2 trillion in 2020, with the fast food segment accounting for about 12% of that number.
     In the U.S., the Census Bureau reports total food service and bars revenues at $621.5 billion for 2020.
     America enjoyed more than 1 million restaurants of all types before the outbreak of the Coronavirus in 2020.
     Estimates of the number of restaurants that closed permanently in the U.S.
    due to the Coronavirus vary widely, but at least 110,000 were closed for a significant amount of time, despite an injection of financial support from the federal government. Hotels:   The total number of


Industry Statistics

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.

Industry Trends Analyzed Include: