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7.29.26

Credit: iStock.com/cokada

The financial services industry is undergoing one of the most significant transformations in its history. Fintech companies, cryptocurrency innovators and electronic payment providers are reshaping how consumers save, invest, borrow and make purchases. What began as digital banking and mobile payment applications has evolved into a sophisticated ecosystem powered by artificial intelligence (AI), blockchain technology, real-time payment networks and tokenized financial assets. As banks, technology firms, retailers and governments invest billions of dollars in digital infrastructure, the distinction between traditional financial services and technology companies continues to blur.

Even more information on this industry is available!  Check out our Fintech Industry Center.

Plunkett’s Fintech, Cryptocurrency and Electronic Payments Industry eBook, latest edition.

1. Artificial Intelligence Is Becoming the Engine of Financial Services

    Artificial intelligence has become the single most important technology driving innovation across the fintech industry. Financial institutions are deploying AI to improve fraud detection, automate regulatory compliance, accelerate loan approvals, personalize financial advice and improve customer service.

    Generative AI is also changing how consumers interact with financial institutions. Rather than navigating websites or waiting on customer service representatives, customers increasingly rely on AI-powered assistants that answer questions, recommend financial products and complete transactions. AI also helps banks identify unusual account activity in real time, reducing fraud while lowering operating costs.

    For investment firms, AI provides more sophisticated market analysis and portfolio management tools, allowing firms to process enormous volumes of financial data and identify opportunities much faster than traditional methods.

    2. Stablecoins and Tokenized Assets Are Moving into the Mainstream

    While cryptocurrencies such as Bitcoin remain highly volatile, stablecoins have emerged as one of the industry’s fastest-growing innovations. Stablecoins are digital currencies backed by stable assets such as U.S. dollars or Treasury securities, allowing users to enjoy the speed and efficiency of blockchain technology without dramatic price fluctuations.

    Financial institutions increasingly view stablecoins as practical infrastructure for domestic and international payments. They offer near-instant settlement, lower transaction costs and improved efficiency for cross-border commerce.

    At the same time, tokenization is expanding well beyond cryptocurrencies. Financial firms are creating digital versions of traditional assets—including Treasury securities, stocks, bonds, real estate and private credit—that can be traded electronically with faster settlement and lower administrative costs. Tokenization also enables fractional ownership, allowing investors to purchase smaller portions of expensive assets.

    3. Digital Wallets Continue to Replace Traditional Payment Methods

    Consumers increasingly expect their smartphones to function as complete financial hubs. Digital wallets such as Apple Pay, Google Pay and PayPal continue to gain popularity because they combine convenience, security and speed.

    Today’s digital wallets extend well beyond simple payment processing. Many now include:

    • Buy Now, Pay Later (BNPL) financing
    • Peer-to-peer money transfers
    • Investment services
    • Loyalty and rewards programs
    • Identity verification
    • Digital receipts
    • Savings and budgeting tools

    Biometric authentication, tokenization and AI-powered fraud monitoring are also making mobile payments significantly more secure than traditional magnetic-stripe credit cards.

    4. Real-Time Payments Are Reshaping Global Commerce

    One of the most important developments in electronic payments is the rapid expansion of real-time payment systems.

    Networks such as the U.S. Federal Reserve’s FedNow Service and similar systems worldwide allow funds to move almost instantly between financial institutions rather than requiring hours or days for settlement. Businesses benefit from improved cash flow, while consumers gain immediate access to payroll deposits, insurance claims and account transfers.

    Banks are investing heavily in modern payment infrastructure because real-time payments reduce operational costs while creating opportunities for new financial products and services. Governments are also embracing instant payment platforms. Brazil’s Pix payment network has become one of the world’s most successful examples of government-sponsored digital payments, demonstrating how national infrastructure can dramatically increase financial inclusion.

    5. Neobanks and Financial Superapps Continue Expanding

    Traditional banks are facing growing competition from digital-first financial institutions.

    Neobanks offer streamlined mobile banking, lower fees, faster account opening and highly intuitive customer experiences. Because these firms operate without extensive branch networks, they often deliver services at lower costs than traditional banks.

    Meanwhile, companies such as Block, PayPal and Robinhood are evolving into financial “superapps” that integrate payments, banking, investing, lending, budgeting and business services into a single platform. Rather than using separate providers for different financial needs, consumers increasingly prefer unified digital ecosystems that simplify money management.

    6. Cybersecurity and Regulation Remain Top Priorities

    As digital finance grows, so do cybersecurity risks.

    Cryptocurrency continues to attract ransomware operators, fraudsters and money-laundering organizations. Governments worldwide are responding with stronger anti-money laundering rules, enhanced reporting requirements and increased oversight of cryptocurrency exchanges and digital asset providers.

    Rather than opposing blockchain technology, many regulators now seek to encourage innovation while protecting consumers and financial markets. Likewise, traditional banks are becoming more comfortable offering regulated cryptocurrency custody, digital asset investment products and blockchain-based financial services, reflecting the industry’s gradual movement toward mainstream adoption.

    7. Fintech Is Becoming the Foundation of Modern Finance

    Perhaps the most important long-term trend is that fintech is no longer a separate industry—it is becoming the infrastructure of the entire financial system.

    Financial technology now touches virtually every aspect of finance, including banking, lending, insurance, wealth management, mortgages, investment trading, credit cards and electronic commerce. Venture capital investment continues to fuel innovation, while established financial institutions increasingly partner with or acquire fintech firms to remain competitive. Mobile payments, online banking and digital financial services are becoming standard expectations rather than competitive advantages.

    8. The Future

    The convergence of artificial intelligence, blockchain technology, stablecoins, tokenized assets, digital wallets and real-time payments is creating a faster, more intelligent and more connected financial ecosystem. Consumers increasingly expect instant, personalized and secure financial experiences, while businesses seek lower transaction costs and greater efficiency.

    Although cybersecurity, regulatory compliance and digital asset volatility remain important challenges, the long-term direction of the industry is clear. Fintech is transforming from a disruptive force into the foundation of modern financial services. Organizations that successfully combine technological innovation with strong security, regulatory compliance and customer trust will be best positioned to lead the next generation of global finance.

    Key Words:  Fintech, cryptocurrency, electronic payments, Bitcoin, stablecoins, ACH, investments, Neobanks, digital wallets, superapps

    Source: Plunkett Research, Ltd., Copyright © 2026

    Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the FinTech, Cryptocurrency & Electronic Payments Industry.  (See: https://www.plunkettresearch.com/industries/fintech-cryptocurrency-electronic-payments-industry-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

    Key Findings:

    A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the FinTech, Cryptocurrency & Electronic Payments Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

    Key Features:

    • Business trends analysis
    • In-depth industry overview
    • Technology trends analysis
    • Forecasts
    • Spending, investment, and consumption discussions
    • In-depth industry statistics and metrics
    • Industry employment numbers

    Additional Key Features Include:

    Industry Glossary

    Industry Contacts list, including Professional Societies and Industry Associations

    Profiles of industry-leading companies

    • U.S. and Global Firms
    • Publicly held, Private and Subsidiaries
    • Executive Contacts
    • Revenues
    • For Public Companies: Detailed Financial Summaries
    • Statistical Tables

    Key Questions Answered Include:

    • How is the industry evolving?
    • How is the industry being shaped by new technologies?
    • How is demand growing in emerging markets and mature economies?
    • What is the size of the market now and in the future?
    • What are the financial results of the leading companies?
    • What are the names and titles of top executives?
    • What are the top companies and what are their revenues?

    This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the FinTech, Cryptocurrency & Electronic Payments Industry.

    Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Fintech, Cryptocurrency & Electronic Payments Industry

    1. Major Trends Affecting the Fintech, Cryptocurrency & Electronic Payments Industry
    2. Introduction to the Fintech, Cryptocurrency & Electronic Payments Industry
    3. Cryptocurrencies and Blockchain Explained
    4. Stablecoins Are Becoming Part of Mainstream Payment Infrastructure
    5. Cryptocurrencies Used in Fraud and Money Laundering
    6. BNPL (Buy Now Pay Later) Payment Options Have Strong Market Share
    7. Digital Wallets Gain Payments Market Share
    8. Tokenization of Financial Assets Is on the Rise
    9. The SuperApp Begins to Develop in Fintech
    10. Real Time Payments (RTP)/Instant Payments/FedNow to Grow
    11. Neobanks/Virtual Banks Explained/Top Competitors
    12. A Brief History of Artificial Intelligence (AI) and the State of the Industry Today
    13. Voice, Face & Image Recognition Change the Wireless World, Artificial Intelligence (AI) Tools Added to Smartphones
    14. Insurance Underwriting Uses Artificial Intelligence (AI)/Policy Holders Allow Their Habits to Be Tracked for Lower Insurance Rates
    15. GenAI Agents & Robotic Process Automation (RPA) Are Replacing Human Workers
    16. Digital Assistants Include Amazon’s Echo and Google’s Home/Alexa and Similar Software Power Third-Party Developers
    17. Big Data and Data Mining Share Synergies With Cloud Computing, AI, Analytics and Targeted Advertising
    18. Artificial Intelligence (AI) Powers Hedge Fund Investment Strategies
    19. Banks and Apps Vie for Previously Underserved Markets, Including Hispanics
    20. China Sees Growth in Online Payments, Banking and Lending/Alipay Soars
    21. Smartphones and Neobanks Replace Bank Branches and Tellers
    22. Peer-to-Peer (P2P) Payment Systems, such as Zelle and Venmo, Soar in Popularity
    23. In Emerging Nations, mChek and M-PESA Enable Remote Banking via Smartphone
    24. Online Competition Changes the Mortgage Industry
    25. Open Banking Revolutionizes the World of Banking and Finance
    26. Financial Technology (Fintech) Enables Online Lending, Insurance and Robo Advisors
    27. The Future of Banking, Credit Cards, Mobile Payments and Mortgages

    Plunkett Research Provides In-Depth Tables for the Following Fintech, Cryptocurrency & Electronic Payments Industry Statistics

    1. FinTech, Cryptocurrency & Electronic Payments Industry Statistics and Market Size Overview
    2. Global Digital, Network, Computer & Telecom Industries–Key Statistics & Market Size Overview
    3. Artificial Intelligence Industry Statistics and Market Size Overview
    4. Investment & Securities Industry Statistics and Market Size Overview
    5. U.S. Banking, Mortgages & Credit Industry Statistics and Market Size Overview
    6. Global Credit Card Industry Statistics and Market Size Overview
    7. FDIC Insured Institution Statistics: First Quarter 2026
    8. Employment in the Banking Industry, U.S.: 2020 – April 2026

    7.13.26

    Credit: iStock.com/PeopleImages

    The consulting industry is undergoing one of the most significant transformations in its history. Artificial intelligence, automation, changing client expectations, evolving government policies and expanding global competition are redefining both the services consultants provide and the way consulting firms operate. According to Plunkett Research, the global consulting industry generated an estimated $1.1 trillion in revenue during 2025, while the U.S. consulting market accounted for approximately $479 billion, demonstrating that consulting remains a critical strategic investment for organizations worldwide. However, firms that fail to adapt to new technologies and new pricing models risk falling behind in an increasingly competitive marketplace.

    Even more information on this industry is available!  Check out our Consulting Industry Center.

    Plunkett’s Consulting Industry eBook, latest edition.

    1. Artificial Intelligence Has Become the Industry’s Biggest Growth Engine

      No trend is reshaping consulting more dramatically than artificial intelligence. AI strategy, implementation and enterprise transformation have overtaken traditional digital transformation as the industry’s fastest-growing consulting specialties. Organizations are no longer asking consultants simply how to modernize their technology infrastructure. Instead, they seek advice on redesigning business processes around AI, restructuring workflows, governing AI responsibly, organizing enterprise data and preparing employees for AI-powered operations.

      Major consulting firms including McKinsey, Boston Consulting Group, Bain, Deloitte, Accenture and PwC have reorganized substantial portions of their practices around AI advisory services. At the same time, these firms are deploying generative AI internally to automate research, proposal writing, presentation development and knowledge management. Rather than replacing consultants, AI is enabling professionals to spend more time on strategic thinking, client relationships and complex problem solving while dramatically improving productivity.

      2. AI Agents and Automation Are Redefining Professional Work

      Generative AI and Robotic Process Automation (RPA) are transforming office work throughout consulting, accounting, legal services and business operations. AI-powered agents can now handle customer support, procurement, research, document review and many administrative functions that previously required significant human labor.

      Examples highlighted by Plunkett Research illustrate how AI is already delivering measurable productivity gains. Companies are deploying conversational AI platforms to manage millions of customer interactions each month, while enterprises use AI to automate expense reports, invoice processing and internal IT support. Agentic AI systems are advancing even further by taking autonomous action, scheduling appointments, qualifying sales leads, responding to cybersecurity incidents and managing procurement activities with minimal human oversight.

      Rather than eliminating consultants altogether, these technologies are shifting professionals toward higher-value advisory work requiring judgment, creativity, industry expertise and relationship management. Consulting firms are increasingly expected to help clients redesign organizations around these new capabilities.

      3. Clients Demand Measurable Business Results

      Corporate executives have become far more disciplined in their consulting expenditures. Organizations now expect consulting engagements to produce measurable improvements in profitability, productivity, operational efficiency or revenue growth.

      This shift has fundamentally changed consulting pricing models. Traditional hourly billing is gradually giving way to value-based pricing, contingency fees, subscription services and performance-based compensation. Since AI enables consultants to perform analyses in minutes that once required weeks of labor, billing strictly by hours worked has become increasingly difficult to justify. Instead, firms are pricing engagements according to business outcomes and the value delivered.

      Consultancies capable of demonstrating rapid financial returns through cost reductions, supply chain improvements, AI implementation or productivity gains will enjoy a significant competitive advantage.

      4. Technology Consulting Continues to Lead Growth

      Technology consulting remains the industry’s largest and fastest-growing specialty. Businesses continue investing heavily in cloud computing, cybersecurity, artificial intelligence, predictive analytics, digital identities, Internet of Things (IoT) deployments and supply chain automation.

      Meanwhile, expanding government regulation surrounding privacy, cybersecurity, financial services, environmental compliance and consumer protection has created additional opportunities for specialized advisory firms. Consultants who combine deep technical expertise with regulatory knowledge are finding strong demand across virtually every industry.

      5. Global Competition Continues to Intensify

      Consulting has become an increasingly global business. Leading firms continue expanding operations throughout Asia, Latin America, the Middle East and Africa while maintaining significant investments in India and China.

      India remains especially influential. Firms such as Tata Consultancy Services (TCS), Infosys and Wipro have grown into global consulting leaders by combining highly educated workforces with lower operating costs. These companies compete aggressively in technology consulting, cloud implementation, cybersecurity, AI and business process outsourcing.

      At the same time, multinational consulting firms have expanded overseas offices to better serve clients operating globally. However, artificial intelligence may eventually reduce some of the labor-cost advantages that fueled decades of offshoring by automating many routine knowledge-based tasks previously performed in lower-cost countries.

      6. Government Consulting Faces New Challenges

      Government remains one of the world’s largest purchasers of consulting services, particularly in information technology, defense, cybersecurity, engineering and facilities management. However, the consulting environment has become considerably more challenging.

      In the United States, increased scrutiny of federal consulting expenditures has resulted in demands for lower fees, reduced project scopes and greater accountability. Many major consulting firms have proposed billions of dollars in contract reductions while expanding their use of AI to improve efficiency and lower project costs.

      Although government consulting remains an enormous market, firms must increasingly demonstrate measurable value and operational efficiency to maintain long-term contracts.

      7. Competition Is Expanding Beyond Traditional Consulting Firms

      The consulting industry is no longer dominated solely by traditional management consulting firms. Accounting firms continue capturing significant consulting market share, with Deloitte, PwC, EY and KPMG generating enormous revenues from advisory services. Technology companies such as IBM, Oracle and SAP increasingly combine software implementation with consulting and managed services.

      Manufacturers have also expanded into consulting-like activities through product design and engineering partnerships, while many corporations—including Disney, Ritz-Carlton and major Fortune 500 companies—have created internal consulting organizations that occasionally serve external clients.

      Consulting firms are simultaneously broadening their own offerings. Several major firms have acquired digital advertising agencies, enabling them to provide integrated services spanning strategy, technology, digital marketing, customer experience and AI transformation.

      8. The Future

      The consulting industry is entering an era in which technology expertise alone will no longer be enough. Successful firms must combine artificial intelligence capabilities, deep industry specialization, measurable business impact and global delivery models. As AI automates routine analysis and administrative work, consultants will increasingly differentiate themselves through strategic insight, creativity, leadership and implementation expertise.

      Organizations across every industry continue facing rapid technological disruption, regulatory complexity and competitive pressure. That environment ensures strong long-term demand for consulting services. The firms that thrive will be those that embrace AI as both a client solution and an internal productivity tool while consistently delivering measurable value, faster execution and tangible business results.

      Key Concepts:  Consulting, management, human resources, manufacturing, services, operations, finance, economics, business, globalization, corporations, computers, information technology, research, innovation, artificial intelligence (AI)

      Source: Plunkett Research, Ltd., Copyright © 2026

      Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Consulting Industry.  (See: https://www.plunkettresearch.com/industries/consulting-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

      Key Findings:

      A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Consulting Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

      Key Features:

      • Business trends analysis
      • In-depth industry overview
      • Technology trends analysis
      • Forecasts
      • Spending, investment, and consumption discussions
      • In-depth industry statistics and metrics
      • Industry employment numbers

      Additional Key Features Include:

      Industry Glossary

      Industry Contacts list, including Professional Societies and Industry Associations

      Profiles of industry-leading companies

      • U.S. and Global Firms
      • Publicly held, Private and Subsidiaries
      • Executive Contacts
      • Revenues
      • For Public Companies: Detailed Financial Summaries
      • Statistical Tables

      Key Questions Answered Include:

      • How is the industry evolving?
      • How is the industry being shaped by new technologies?
      • How is demand growing in emerging markets and mature economies?
      • What is the size of the market now and in the future?
      • What are the financial results of the leading companies?
      • What are the names and titles of top executives?
      • What are the top companies and what are their revenues?

      This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Consulting Industry.

      Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Consulting Industry

      1. Major Trends Affecting the Consulting Industry
      2. Introduction to the Consulting Industry
      3. AI Has Become Consulting’s Largest Growth Opportunity
      4. GenAI Agents & Robotic Process Automation (RPA) Are Replacing Human Workers
      5. Consulting in Emerging Nations/The Offshoring of Consulting Projects
      6. Management Consulting and Consulting to Major Corporations
      7. Consulting to Governments/U.S. Federal and State Consulting Contracts
      8. Federal Government Consulting Contracts Are Massive in IT, Defense & Facilities
      9. IT Consulting/Software Consulting/ Computer Operations Consulting
      10. Trends in Manufacturing, such as Original Design Manufacturers (ODMs), Lead to Collaboration and Consulting-Like Services
      11. Consulting Firms Accept Assignments with Contingency Fees
      12. Consulting Firms Acquire Digital Advertising Agencies, Extending Their Marketing Services
      13. Accounting Firms Taking Large Market Share of Consulting Contracts
      14. Many Industry Sectors Seek Consulting and Outsourcing Income, Competing with Pure Consultancies
      15. Major Corporations and Organizations Develop Internal Consultants and Seek Outside Clients
      16. Corporate Clients Want Solid Returns on IT Investments
      17. Consultancies Position Themselves to Serve Global Markets and Multinational Corporations
      18. Offshoring to India Drives Changes in Global Consulting
      19. BPO and KPO: White-Collar and Professional Tasks such as Law and Accounting Are Offshored/Call Centers Become More Sophisticated
      20. New MBAs Desire Consulting and Accounting Jobs

      Plunkett Research Provides In-Depth Tables for the Following Consulting Industry Statistics

      1. Consulting Industry Statistics and Market Size Overview
      2. Consulting Industry Employment, U.S.: 2020-April 2026

      7.6.26

      Credit: iStock.com/fstop123

      The real estate and construction industries are navigating one of their most transformative periods in decades. Economic pressures, including elevated interest rates, affordability challenges and changing workplace patterns, continue to reshape residential and commercial markets. At the same time, advances in artificial intelligence (AI), digital construction technologies, sustainability initiatives and demographic shifts are creating entirely new opportunities for developers, investors, builders and technology providers. Rather than moving in a single direction, the industry is balancing short-term economic headwinds with long-term technological transformation. The companies that adapt to these changing conditions will be best positioned for growth in the years ahead. The following are the most significant trends currently defining the industry.

      Even more information on this industry is available!  Check out our Real Estate Industry Center.

      Plunkett’s Real Estate & Construction Industry eBook, latest edition.

      1. High Interest Rates Continue to Reshape Real Estate

        Perhaps no factor has had a greater influence on real estate than persistently high interest rates. Mortgage costs have remained elevated through mid-2026, significantly reducing affordability for homebuyers and slowing existing home sales.

        Many homeowners who secured historically low mortgage rates during the pandemic are reluctant to sell, limiting housing inventory and keeping prices relatively high despite softer demand. Builders continue to face rising land, labor and material costs, making it difficult to produce affordable homes for first-time buyers.

        Commercial real estate faces similar pressures. Office building owners refinancing debt are encountering much higher borrowing costs, while reduced demand for traditional office space continues to pressure valuations and increase foreclosures in older office properties. Premium Class A office buildings remain relatively resilient, but many aging office towers are being repositioned or converted into residential uses.

        2. Apartment Markets Adjust After Record Construction

        High homeownership costs have pushed many households toward renting. As a result, apartment demand has remained relatively healthy despite record numbers of new units entering the market.

        Developers completed more than 500,000 apartment units during 2025, creating increased competition among landlords. Many owners are offering incentives such as free rent, reduced deposits and waived fees to attract tenants.

        Looking ahead, apartment construction is expected to slow as developers wait for recently completed projects to be absorbed before launching additional developments. Multifamily housing remains one of the healthier segments of commercial real estate, although construction activity is moderating.

        3. AI Is Fueling an Unprecedented Construction Boom

        Artificial intelligence has become one of the most powerful drivers of global construction spending.

        Technology companies are investing hundreds of billions of dollars in hyperscale AI data centers that require enormous computing capacity, sophisticated cooling systems and massive electrical infrastructure. Industry forecasts suggest up to 100 gigawatts of new data center capacity could be added worldwide between 2026 and 2030.

        This boom has created tremendous opportunities for contractors specializing in mission-critical facilities. However, developers face significant challenges, including shortages of electrical power, lengthy permitting processes, limited utility grid capacity and shortages of highly skilled labor.

        Many developers are now constructing on-site power generation systems—including natural gas facilities and, in some cases, evaluating small modular nuclear reactors—to overcome utility constraints. AI infrastructure has become one of the fastest-growing segments of the global construction industry.

        4. Construction Technology Is Improving Productivity

        Technology continues to modernize one of the world’s oldest industries.

        Building Information Modeling (BIM) has become an increasingly valuable project management tool, allowing architects, engineers and contractors to collaborate using detailed three-dimensional digital models that integrate design, materials, scheduling, costs and long-term maintenance throughout a building’s lifecycle.

        At the same time, builders are adopting prefabrication, modular construction, robotics and 3D printing to improve quality while reducing labor requirements and construction schedules. Factory-built wall systems, automated manufacturing and robotic assembly are helping address persistent shortages of skilled construction workers while increasing efficiency.

        These technologies are transforming how buildings are designed, manufactured and assembled.

        5. Sustainability Becomes Standard Practice

        Environmental performance has become a major competitive advantage throughout the construction industry.

        Builders increasingly pursue LEED, Green Globes and other green certifications while incorporating energy-efficient designs, advanced insulation, high-performance windows, smart HVAC systems, solar power and water-saving technologies.

        Governments continue strengthening building codes while encouraging sustainable development through tax incentives and emissions regulations. Although green buildings often involve higher upfront costs, owners increasingly recognize the long-term benefits through lower operating expenses, improved energy efficiency and stronger property values.

        Large-scale retrofitting of existing buildings is also accelerating as cities pursue aggressive carbon reduction goals.

        6. Retail Real Estate Continues to Reinvent Itself

        Reports of the death of the shopping mall have proven premature.

        Successful malls and shopping centers continue evolving into mixed-use destinations featuring restaurants, entertainment, healthcare providers, fitness centers and residential developments. Retailers are increasingly integrating physical stores with e-commerce operations, using stores as fulfillment centers while encouraging customers to shop across multiple channels.

        Older retail properties continue to be redeveloped into apartments, educational facilities, research campuses, medical centers and logistics facilities. Meanwhile, construction of new retail space remains historically low, and large amounts of obsolete retail space have been demolished to make way for higher-value developments.

        7. Mixed-Use Developments Continue Expanding

        Developers increasingly favor mixed-use projects that combine residential, office, hospitality, retail and entertainment within walkable communities.

        These “live-work-play” developments maximize land values while responding to changing consumer preferences for convenience and urban lifestyles. Many are being built around transit stations, sports arenas and urban redevelopment districts.

        The mix of uses is also evolving. With office demand moderating, developers are dedicating greater portions of projects to residential housing, hospitality and experiential retail. Vertical mixed-use developments continue gaining popularity in dense urban markets where land is scarce and expensive.

        8. Demographics Continue to Drive Housing Demand

        The aging of the Baby Boom generation continues influencing residential design.

        Universal design features—including wider doorways, step-free entrances, accessible bathrooms and smart home technologies—allow homeowners to age in place more comfortably. Demand for independent living, assisted living and continuing-care communities continues growing as approximately 10,000 Americans reach age 65 each day.

        Meanwhile, smart homes equipped with Internet of Things (IoT) technologies are becoming increasingly common, allowing homeowners to control lighting, security, heating and appliances remotely through smartphones and voice assistants.

        9. China’s Property Market Enters a New Phase

        China’s real estate market remains under significant pressure following the collapse of its property boom.

        While government intervention has reduced the likelihood of a severe financial crisis, oversupply, weak consumer confidence, declining demographics and financial stress among developers continue limiting recovery. Rather than returning to the rapid expansion experienced during the previous two decades, China’s property market appears to be entering a period of slower, more sustainable growth characterized by substantial differences between stronger and weaker regional markets.

        10. The Future

          The real estate and construction industries are entering a new era defined by technological innovation, changing demographics and evolving patterns of development.

          While elevated financing costs and affordability challenges will likely continue creating near-term uncertainty, long-term opportunities remain substantial. AI-driven infrastructure investment, advanced construction technologies, sustainable building practices and adaptive redevelopment are reshaping virtually every segment of the industry.

          Organizations that embrace digital construction tools, improve productivity through automation, invest in sustainability and adapt to changing consumer preferences will be best positioned to succeed. The industry’s future will be determined not simply by economic cycles, but by its ability to integrate innovation with resilience in an increasingly technology-driven world.

          Key Concepts: Real estate, housing, construction, development, green buildings, sustainability, communities, mortgages, architecture, business, investing, finance, economics, globalization, marketing, aging in place

          Source: Plunkett Research, Ltd., Copyright © 2026

          Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Real Estate & Construction Industry.  (See: https://www.plunkettresearch.com/industries/real-estate-construction-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

          Key Findings:

          A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Real Estate & Construction Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

          Key Features:

          • Business trends analysis
          • In-depth industry overview
          • Technology trends analysis
          • Forecasts
          • Spending, investment, and consumption discussions
          • In-depth industry statistics and metrics
          • Industry employment numbers

          Additional Key Features Include:

          Industry Glossary

          Industry Contacts list, including Professional Societies and Industry Associations

          Profiles of industry-leading companies

          • U.S. and Global Firms
          • Publicly held, Private and Subsidiaries
          • Executive Contacts
          • Revenues
          • For Public Companies: Detailed Financial Summaries
          • Statistical Tables

          Key Questions Answered Include:

          • How is the industry evolving?
          • How is the industry being shaped by new technologies?
          • How is demand growing in emerging markets and mature economies?
          • What is the size of the market now and in the future?
          • What are the financial results of the leading companies?
          • What are the names and titles of top executives?
          • What are the top companies and what are their revenues?

          This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Real Estate & Construction Industry.

          Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Real Estate & Construction Industry

          1. Major Trends Affecting the Real Estate & Construction Industry
          2. Introduction to the Real Estate & Construction Industry
          3. High Interest Rates Hinder Mortgage Originations, Slow Home Sales & Create Challenges for Commercial Real Estate
          4. Online Competition Changes the Mortgage Industry
          5. Apartment Market Evolves Due to New Construction and High Interest Rates
          6. Real Estate Online Services Continue to Grow
          7. Internet-Based Home Sales and Court Rulings on Commissions Challenge Residential Brokers
          8. Homes and Commercial Buildings Seek Green Certification
          9. Building Technologies Advance/Robotics & 3D Printing Used in Construction
          10. AI Data Center Construction Booms Worldwide, Faces Monumental Challenges
          11. Baby Boomers Become a Strong Influence in the Housing Market/Universal Design Improves Aging in Place
          12. Real Estate Markets in China Face Challenges
          13. Mixed-Use Developments Go Vertical
          14. Malls and Shopping Centers Adapt to New Technologies and Ecommerce
          15. Malls Remodel and Update Strategies to Boost Sales and Attract Shoppers
          16. Remodeling Market Is on the Upswing
          17. Shared Spaces for Co-Living and Co-Working Face Challenges
          18. The Internet of Things (IoT) and the Smart Home
          19. The Future of Housing/The Future of Cities

          Plunkett Research Provides In-Depth Tables for the Following Real Estate & Construction Industry Statistics

          1. Real Estate & Construction Industry Statistics and Market Size Overview
          2. Value of U.S. Private Construction Put in Place: 2019-2025
          3. Value of U.S. Public (Government) Construction Put in Place: 2019-2025
          4. Estimates of the Total Housing Inventory for the U.S.: 2024-2025
          5. Commercial, Residential & Farm Mortgages by Holder, U.S.: 2017-2025
          6. Home Mortgages by Holder, U.S.: 2017-2025
          7. Mortgage Loans Outstanding, U.S.: 1985 – 2025
          8. New Privately-Owned Housing Units Started, U.S.: 1985-2025
          9. Homeownership Rates by Region, U.S.: Selected Years, 1965-2025
          10. Average Sales Prices of New Homes Sold in U.S.: 1963-2025
          11. Median & Average Sales Price of New Single Family Homes by Region, U.S.: 1990-2025
          12. Construction Industry Employment, U.S.: 2021-April 2026
          13. Miscellaneous Real Estate & Construction Industry Employment, U.S.: 2021 – April 2026

          6.22.26

          Credit: iStock.com/zhuzhu

          The engineering and research industry stands at the center of global technological advancement. From artificial intelligence and biotechnology to renewable energy and advanced manufacturing, engineering and research organizations are shaping the innovations that will define the next decade. As governments, universities, and corporations increase investments in research and development (R&D), the pace of discovery continues to accelerate.

          Global R&D expenditures are expected to reach approximately $2.8 trillion in 2025, highlighting the growing recognition that innovation is a critical driver of economic growth, competitiveness, and national security. Across industries, organizations are investing heavily in emerging technologies that promise to transform healthcare, transportation, energy production, manufacturing, communications, and scientific discovery.

          Even more information on this industry is available!  Check out our Engineering Industry Center.

          Plunkett’s Engineering & Research Industry eBook, latest edition.

          1. Artificial Intelligence Becomes a Core Research Tool

            Artificial intelligence (AI) is rapidly becoming one of the most important technologies influencing both engineering and research activities. AI systems are now being used to analyze massive datasets, automate complex design processes, improve simulations, and accelerate scientific discovery.

            In engineering, AI-powered software helps optimize product designs, predict equipment failures, and improve manufacturing efficiency. Digital twins—virtual replicas of physical systems—allow engineers to simulate performance and identify improvements before building expensive prototypes.

            Within scientific research, AI is dramatically reducing the time required to analyze data and identify meaningful patterns. Pharmaceutical companies are using machine learning algorithms to screen potential drug candidates, helping researchers discover promising treatments faster and at lower cost. AI-driven research tools are also contributing to breakthroughs in materials science, climate modeling, and genomics.

            2. Global Competition Fuels Research Investment

            The race for technological leadership continues to intensify among nations around the world. While the United States remains a global leader in research output and innovation, countries throughout Asia and Europe are making significant investments to expand their technological capabilities.

            China has become one of the world’s largest investors in research and development, with major initiatives focused on semiconductors, artificial intelligence, quantum computing, aerospace, and biotechnology. India continues to strengthen its position as a global technology and engineering hub, while South Korea, Taiwan, Singapore, and Japan maintain strong commitments to advanced manufacturing and scientific research.

            At the same time, concerns regarding intellectual property protection, cybersecurity, and geopolitical tensions are prompting many organizations to reevaluate how and where they conduct research activities. As a result, balancing international collaboration with strategic protection of intellectual assets has become an increasingly important priority.

            3. Biotechnology Enters a New Era

            Biotechnology remains one of the fastest-growing segments of the research industry. Advances in gene editing, genomics, synthetic biology, and personalized medicine are creating new opportunities to treat diseases that were previously considered untreatable.

            Technologies such as CRISPR are allowing scientists to modify genes with unprecedented precision, opening the door to therapies for inherited disorders and certain cancers. Personalized medicine approaches are enabling healthcare providers to tailor treatments based on individual genetic profiles, improving outcomes while reducing side effects.

            Beyond healthcare, biotechnology is increasingly being applied to agriculture, industrial manufacturing, and environmental sustainability. Researchers are developing genetically enhanced crops, bio-based chemicals, and alternative protein sources that could significantly improve food security and reduce environmental impacts.

            4. Clean Energy and Electrification Accelerate

            The global transition toward cleaner energy systems is generating enormous demand for engineering expertise and research innovation. Governments and corporations are investing billions of dollars in technologies designed to reduce greenhouse gas emissions and improve energy efficiency.

            Electric vehicles (EVs) remain a major focus of investment. Automakers are expanding EV production while researchers work to improve battery performance, reduce charging times, and lower manufacturing costs. New battery technologies—including solid-state batteries, sodium-ion batteries, and graphene-enhanced designs—have the potential to significantly improve vehicle range and safety.

            Hydrogen is also emerging as a promising energy source, particularly for heavy transportation and industrial applications where electrification may be more difficult. Significant investments are being made in green hydrogen production technologies that use renewable energy to generate hydrogen without carbon emissions.

            Renewable energy research continues to advance as engineers improve solar panels, wind turbines, energy storage systems, and smart-grid technologies capable of managing increasingly complex energy networks.

            5. Advanced Manufacturing and Robotics Expand

            Manufacturing industries continue to embrace automation as they seek greater productivity, flexibility, and resilience. Industrial robots are becoming more capable, affordable, and easier to deploy, leading to widespread adoption across automotive, electronics, logistics, and consumer goods manufacturing.

            Collaborative robots, often called cobots, are particularly noteworthy because they can safely work alongside human employees. These systems help companies address labor shortages while improving productivity and product quality.

            The integration of AI, robotics, sensors, and industrial internet technologies is creating highly connected “smart factories” capable of real-time monitoring and optimization. These facilities generate enormous amounts of operational data that can be analyzed to improve efficiency, reduce downtime, and enhance quality control.

            Additive manufacturing, commonly known as 3D printing, also continues to evolve. Engineers are increasingly using advanced printing technologies to create complex components for aerospace, healthcare, automotive, and industrial applications.

            6. Space Commercialization Creates New Opportunities

            One of the most exciting developments in engineering today is the rapid growth of the commercial space sector. Private companies have dramatically reduced launch costs through reusable rocket technologies, making space more accessible than ever before.

            Commercial satellite networks are expanding global communications capabilities, while space-based observation systems provide valuable data for agriculture, weather forecasting, environmental monitoring, and national security applications.

            Researchers are also exploring opportunities in space manufacturing, lunar exploration, and deep-space missions. As launch costs continue to decline, entirely new industries may emerge around space infrastructure and resource utilization.

            7. The Future

            The engineering and research industry is entering a period of unprecedented opportunity. Artificial intelligence, biotechnology, advanced materials, clean energy, robotics, and space technologies are converging to create powerful new innovation ecosystems.

            Organizations that successfully embrace these trends will be positioned to lead future breakthroughs, while those that fail to invest in research and technological advancement risk falling behind. As global R&D spending continues to rise and innovation cycles become increasingly compressed, engineering and research professionals will remain at the forefront of solving some of the world’s most complex challenges.

            Key Concepts:  Research, CAD CAM, internet, design, software, networks, artificial intelligence (AI), hardware, jobs, innovation, investing, marketing, finance, technology, business

            Source: Plunkett Research, Ltd., Copyright © 2026

            Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Engineering & Research Industry.  (See: https://www.plunkettresearch.com/industries/engineering-rd-technology-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

            Key Findings:

            A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Engineering & Research Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

            Key Features:

            • Business trends analysis
            • In-depth industry overview
            • Technology trends analysis
            • Forecasts
            • Spending, investment, and consumption discussions
            • In-depth industry statistics and metrics
            • Industry employment numbers

            Additional Key Features Include:

            Industry Glossary

            Industry Contacts list, including Professional Societies and Industry Associations

            Profiles of industry-leading companies

            • U.S. and Global Firms
            • Publicly held, Private and Subsidiaries
            • Executive Contacts
            • Revenues
            • For Public Companies: Detailed Financial Summaries
            • Statistical Tables

            Key Questions Answered Include:

            • How is the industry evolving?
            • How is the industry being shaped by new technologies?
            • How is demand growing in emerging markets and mature economies?
            • What is the size of the market now and in the future?
            • What are the financial results of the leading companies?
            • What are the names and titles of top executives?
            • What are the top companies and what are their revenues?

            This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Engineering & Research Industry.

            Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Engineering & Research Industry

            1. Major Trends Affecting the Engineering & Research Industry
            2. Introduction to the Engineering & Research Industry
            3. A Short History of U.S. Industrial Research & Development
            4. R&D Expands in Chinese Research Parks/Patent Filings Soar
            5. Outsourcing and Offshoring of Research, Development and Engineering Grow Along With Globalization
            6. Original Design Manufacturing (ODM) Adds Value to Contract Electronics Manufacturing
            7. The State of the Biotechnology Industry Today
            8. Nations Compete Fiercely in Biotech Development
            9. Globalization and Worldwide Collaboration Fuel the Research Efforts of Major Corporations
            10. Number of Patent Applications Remains High/Patent Laws Change
            11. Industrial Robots and Factory Automation Advance Through Artificial Intelligence (AI)
            12. Fuel Cell and Hydrogen Power Research Continues/Fuel Cell Cars Enter Market
            13. Electric Cars (EVs) and Plug-in Hybrids (PHEVs) Spur Changes at Auto Makers
            14. Major Technology Research in Batteries/Massive Investments in Battery Factories and Power Storage
            15. Supercomputing Hits 1,742 Petaflops
            16. Superconductivity Provides Advanced Electricity Distribution Technology
            17. Private, Reusable Rockets Launch Commercial Satellites and Serve Both the U.S. Military & NASA
            18. Technology Discussion—Synthetic Biology
            19. The Future of Transportation and Supply Chains: Massive Investments in Infrastructure & Mobility Services
            20. HPTP Thermoplastics, Thermoset and Engineered Plastics Enable Advanced Products/ Nanocomposites Offer the Ultimate in Advanced Materials
            21. Artificial Intelligence (AI), Deep Learning and Machine Learning Advance into Commercial Applications, Including Health Care and Robotics
            22. Artificial Intelligence (AI) Enables Efficiencies and Accelerated Innovation in R&D
            23. The Future of Space Commercialization and Private Rocket Launch Services

            Plunkett Research Provides In-Depth Tables for the Following Engineering & Research Industry Statistics

            1. Engineering & Research Industry Statistics and Market Size Overview
            2. Quarterly Engineering & Research Industry Revenues, U.S.: 2025
            3. Engineering & Scientific Research & Development Services: Estimated Sources of Revenue, U.S.: 2019-2023
            4. Federal R&D Funding by Character of Work and Facilities and Equipment, U.S.: Fiscal Years 2024-2026
            5. Federal R&D Budget & Distribution by Agency, U.S.: Fiscal Years 2024-2026
            6. Federal R&D & R&D Plant Funding for National Defense, U.S.: Fiscal Years 2024-2026
            7. Federal R&D & R&D Plant Funding for Health and Human Services, U.S.: Fiscal Years 2024-2026
            8. Federal R&D & R&D Plant Funding for Space Flight, Research & Supporting Activities, U.S.: Fiscal Years 2025-2026
            9. NASA Budget Appropriations & Projections: 2025-2031
            10. Federal R&D & R&D Funding for Basic Research, U.S.: Fiscal Years 2024-2026
            11. Federal R&D & R&D Plant Funding for Agriculture, U.S.: Fiscal Years 2024-2026
            12. Federal R&D & R&D Plant Funding for Transportation, U.S.: Fiscal Years 2024-2026
            13. Federal R&D & R&D Plant Funding for Energy, U.S.: Fiscal Years 2024-2026
            14. U.S. Department of Energy Funding for Science & Energy Programs: 2025-2027
            15. U.S. National Nanotechnology Initiative (NNI) Budget: Fiscal Years 2024-2026
            16. NSF Budget by Appropriation (Dollars in Millions), Fiscal Years 2025-2027
            17. Research Funding for Biological Sciences, U.S. National Science Foundation: Fiscal Years 2025-2027
            18. Research Funding for Engineering, U.S. National Science Foundation: Fiscal Years 2025-2027
            19. Top 30 U.S. Patent Recipient Organizations: 2024
            20. The U.S. Drug Discovery & Approval Process
            21. Employment in Engineering Occupations by Business Type, U.S.: 2022 – 2026
            22. Employment in Life & Physical Science Occupations by Business Type, U.S.: May 2025

            6.15.26

            Credit: iStock.com/MaximShebeko

            The restaurant, hotel and hospitality industry is entering a new era defined by technological innovation, shifting consumer preferences, labor challenges and evolving travel habits. From artificial intelligence-powered ordering systems to sustainable tourism initiatives and experiential travel, hospitality companies are adapting rapidly to meet the expectations of modern consumers.

            Even more information on this industry is available!  Check out our Restaurant Industry Center.

            Plunkett’s Restaurant, Hotel and Hospitality Industry eBook, latest edition.

            1. Artificial Intelligence and Automation Are Reshaping Operations

            Artificial intelligence has emerged as one of the most transformative forces in hospitality. Restaurants are implementing AI-powered voice ordering systems, self-service kiosks, mobile ordering platforms and robotic food preparation technologies to improve efficiency and reduce costs.

            Major brands including McDonald’s, Taco Bell, KFC and Pizza Hut are investing heavily in AI solutions that can personalize recommendations, streamline ordering and increase average transaction values. In many cases, AI systems can even upsell menu items more effectively than human employees.

            Hotels are also embracing AI. Advanced systems now analyze guest preferences, automate customer support, optimize room pricing and provide personalized recommendations for dining, activities and accommodations. AI-powered chatbots and smart-room technologies are becoming increasingly common as hotel operators seek to improve service while controlling labor costs.

            2. Rising Labor Costs Are Accelerating Change

            The hospitality industry remains one of the world’s largest employers, yet attracting and retaining workers has become increasingly difficult. Labor shortages, demographic shifts and higher minimum wages are placing significant pressure on restaurant and hotel operators.

            As wages rise, businesses are investing more aggressively in automation. Self-ordering kiosks, digital payment systems, robotic food preparation and automated hotel services are becoming practical solutions to staffing challenges.

            Many industry observers expect technology to increasingly handle routine tasks while employees focus on higher-value guest interactions and customer service functions.

            3. Consumers Want Experiences, Not Just Products

            Today’s travelers are looking for authentic, memorable experiences rather than traditional hospitality offerings alone. Consumers increasingly seek local culture, regional cuisine, unique accommodations and meaningful interactions with communities.

            Hotels are responding by emphasizing local design, food and beverage programs, cultural experiences and destination-specific amenities. Boutique properties and experiential travel brands continue to gain market share as travelers prioritize authenticity over standardized luxury.

            Social media has amplified this trend. Travelers increasingly choose experiences that can be shared online and help express their personal identity.

            4. Sustainability Is Becoming a Competitive Advantage

            Environmental responsibility has moved from a niche concern to a mainstream business priority. Travelers increasingly favor companies that demonstrate commitment to conservation, energy efficiency and sustainable operations.

            Hotels are adopting eco-friendly building practices, reducing waste, conserving water and sourcing local products. Cruise lines are investing in cleaner fuels, advanced wastewater treatment systems and technologies that reduce environmental impact.

            Certification programs and sustainability standards are also helping consumers identify hospitality brands that align with their values.

            5. Food Delivery Has Become a Permanent Part of Restaurant Strategy

            Food delivery platforms such as DoorDash, Uber Eats and Grubhub have fundamentally changed restaurant operations. What began as a convenience service has become an essential revenue channel for many operators.

            Consumers now expect the ability to browse menus, place orders and receive meals quickly through mobile apps. While delivery platforms expand restaurant reach, they also create profitability challenges because commissions can consume a significant percentage of each order.

            As a result, many restaurants are balancing third-party delivery partnerships with investments in their own digital ordering systems and loyalty programs.

            6. The Sharing Economy Continues to Disrupt Hotels

            Airbnb, Vrbo and similar platforms have permanently altered the lodging landscape. Millions of travelers now consider vacation rentals, apartments and private homes as alternatives to traditional hotels.

            The popularity of short-term rentals has forced hotel companies to rethink their strategies. Many chains are strengthening loyalty programs, improving direct-booking experiences and creating alternative accommodation offerings of their own.

            At the same time, increasing regulation of short-term rentals in many cities may gradually narrow some of the competitive advantages enjoyed by sharing-economy platforms.

            7. Cruises Continue to Experience Strong Growth

            Despite periodic economic and operational challenges, the cruise industry remains one of hospitality’s fastest-growing sectors. Cruise operators continue to report strong demand, high occupancy rates and significant investment in new vessels.

            Both mega-ships and smaller specialty vessels are benefiting from consumer interest. Large ships offer extensive entertainment, dining and recreational options, while smaller luxury and expedition ships attract travelers seeking unique destinations and personalized service.

            River cruises and expedition cruises are particularly strong growth segments, appealing to travelers looking for immersive and exclusive experiences.

            8. Mobile Technology Is Transforming Guest Engagement

            Smartphones have become central to the hospitality experience. Consumers increasingly expect mobile check-in, digital room keys, app-based ordering and personalized communications throughout their journey.

            Hotels are investing heavily in mobile technology that allows guests to manage nearly every aspect of their stay through an app. Restaurants are expanding mobile ordering, loyalty programs and digital payment options.

            These technologies improve convenience while generating valuable customer data that can be used to personalize future interactions.

            9. Younger Travelers Are Redefining Hospitality

            Millennials and Gen Z travelers have become powerful forces in the hospitality market. These consumers prioritize experiences, value, sustainability and authenticity.

            They are more likely to choose boutique hotels, hostels, local food experiences and adventure travel opportunities than previous generations. They also place significant importance on social media-worthy experiences and community engagement.

            Hotels are responding with micro-rooms, lifestyle brands, communal spaces, wellness-focused amenities and highly localized experiences designed to appeal to younger demographics.

            10. Personalization Is the New Luxury

            Luxury is increasingly defined by customization rather than extravagance. Guests expect personalized recommendations, tailored services and experiences that reflect their individual preferences.

            AI, customer data analytics and mobile technologies are making personalization more practical than ever. Hotels can now recommend rooms, dining options and activities based on previous stays and behavioral patterns.

            The ability to deliver highly customized experiences is becoming a key differentiator across all segments of the hospitality industry.

            11. The Future

            The future of hospitality will be shaped by the intersection of technology, sustainability and changing consumer expectations. Companies that successfully balance automation with personalized service, embrace environmental responsibility and create memorable experiences will be best positioned for long-term success.

            Key Concepts:  Restaurant, business, cruises, economics, hotel, entrepreneurship, finance, future, globalization, fast food, food service, catering, innovation, investing, marketing, consumer goods, technology, hospitality, artificial intelligence (AI)

            Source: Plunkett Research, Ltd., Copyright © 2026

            Plunkett Research, Ltd., a Houston, Texas-based market research firm, has completed its latest research on the Restaurant, Hotel & Hospitality Industry.  (See: https://www.plunkettresearch.com/industries/restaurant-hotel-and-hospitality-market-research/).  This revised and updated data is part of our massive Plunkett Research Online subscription service, where we continuously monitor the world’s 40 most vital business sectors, including such industries as retailing, artificial intelligence, health care, sports/recreation and much, much more.  Our analysts and market research continually monitor the world’s leading industries and companies and post thorough updates yearly.

            Key Findings:

            A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Restaurant, Hotel & Hospitality Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

            Key Features:

            • Business trends analysis
            • In-depth industry overview
            • Technology trends analysis
            • Forecasts
            • Spending, investment, and consumption discussions
            • In-depth industry statistics and metrics
            • Industry employment numbers

            Additional Key Features Include:

            Industry Glossary

            Industry Contacts list, including Professional Societies and Industry Associations

            Profiles of industry-leading companies

            • U.S. and Global Firms
            • Publicly held, Private and Subsidiaries
            • Executive Contacts
            • Revenues
            • For Public Companies: Detailed Financial Summaries
            • Statistical Tables

            Key Questions Answered Include:

            • How is the industry evolving?
            • How is the industry being shaped by new technologies?
            • How is demand growing in emerging markets and mature economies?
            • What is the size of the market now and in the future?
            • What are the financial results of the leading companies?
            • What are the names and titles of top executives?
            • What are the top companies and what are their revenues?

            This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Restaurant, Hotel & Hospitality Industry.

            Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Restaurant, Hotel & Hospitality Industry

            1. Major Trends Affecting the Restaurant, Hotel & Hospitality Industry
            2. Introduction to the Restaurant, Hotel & Hospitality Industry
            3. McDonald’s and Other Fast-Food Companies Reposition to Adapt to New Consumer Tastes, Robotics and AI
            4. Wages Rise for Restaurant, Hotel and Hospitality Workers
            5. Food Trucks Enjoy a Boom
            6. Craft/Microbreweries Proliferate
            7. Grubhub, DoorDash and Others Deliver Restaurant Meals
            8. Obesity Sparks Government, School and Corporate Initiatives/Snack Foods Get Healthier
            9. Retail Technologies Advance for Restaurant Online Ordering, along with Robotics and Automation
            10. Cruise Industry Enjoys High Occupancy and Launches New Ships
            11. Small Cruise Ships Feature Adventure, Luxury, Intimacy or Access to More Places
            12. River Cruise Lines Reap the Benefits of Low Capital Investment and High Fares
            13. Chinese Tourists Create Growth Opportunities for the Cruise and Hotel Industries
            14. Ecotourism, Sustainable Tourism, Adventure Tourism and Volunteerism Grow as Certification Standards Are Set
            15. Luxury Hotel Chains Expand Globally
            16. What Millennials and Mobile-Savvy Consumers Want as Tourists and Travelers
            17. Hotels Target Young Customers with Strategies Ranging from Micro Rooms and Hostels, to Hip Hotels that Encourage Mingling to Fitness Options
            18. Sharing Economy Gains Market Share in Travel with Online Sites Like Airbnb, Vrbo and Many Global Competitors
            19. Online Travel Agencies (OTAs)/Hotels Fight to Keep Control of the Customer
            20. Localization Drives Hotel Features, Marketing
            21. Dog-Friendly Hotels Gain Market Share
            22. The Future of the Restaurant, Hotel & Hospitality Industry

            Plunkett Research Provides In-Depth Tables for the Following Restaurant, Hotel & Hospitality Industry Statistics

            1. Restaurant, Hotel & Hospitality Industry Statistics and Market Size Overview
            2. Estimated U.S. Restaurant & Food Service Industry Revenues by NAICS Code: 2018-2025
            3. Estimated U.S. Hotel & Accommodations Sector Quarterly Revenues: 2023-2025
            4. Consumer Food Price Indexes, Food Away from Home & Food at Home, U.S.: 1997-2024
            5. Restaurant, Hotel and Hospitality Industry Employment by Business Type, U.S.: 2021-2026
            6. Restaurant & Food Service Employment and Wage Estimates by Occupation, U.S.: May 2025

            What You get

            Complete data and market research for the industry(s) of your choice, including:

            • Market Research
            • Technologies Analysis
            • Business Intelligence and “hard-to-find” facts
            • Key Industry Associations (with contact information)
            • Corporate Executive Contracts
            • Industry Glossary
            • Data Export Tools
            • Top Companies Data