Hospitality statistics 2024 pdf According to statistics from the ONS, the hospitality sector employed around 2. Brodie Gillan & Emma Congreve . Data are preliminary. com as the most valuable tourism brand in the world, and new positions opening up in the sector), we can confirm that the hospitality industry is poised for a significant Hospitality Statistics Briefing, Q4 2023 . Urban locations will show the strongest growth in RevPAR in 2024, fueled by the continued recovery of inbound international travel; sustained strength in the %PDF-1. 8% in June 2024. Travel providers in 2024 could see significant fluctuations in demand for diferent products and amenities. recession fears. 26. , the bleisure and wellness markets on the up, room demand set to reach an all-time high, booking. 9%). Calum Fox and Emma Congreve . The industry is Fiery HOT! However, this is precisely why what we do from here on must be handled with the utmost care. January 2014 ± January 2024 Seasonally adjusted, in thousands Mining and Logging Summary Mining & Logging Jun 9, 2023 · The global hospitality industry is worth nearly $4. hotels are expected to directly employ more than 2. Oct 8, 2024 · The 2023/24 Trends & Opportunities Report for the Indian Hospitality Industry shares the spirit of this very same message. 0%) compared to the same period in 2023. Summary: The Scottish hospitality sector is a crucial component of the Scottish economy, supporting £1. 2007-2024 2 days ago · LEESBURG, VA – Jan 15, 2025 – Omnilert, a leader in gun detection technology, today released its compilation of Gun Violence Statistics for 2024 summarizing gun violence tragedies and their adverse effects on Americans and the economy. The hospitality industry is important economically and socially in Australian society and is one of the largest employers in the country. 1992-2023 Premium Statistic Output of the quick service restaurant franchise industry in the U. Welcome to the second edition of our annual survey, the African Hospitality Confidence Index 2024, a co-production between The Hotel and Hospitality Expo Africa (dmg events) and Moore Global. SALT LAKE CITY (Dec. Use them to drive innovation, delight customers and capture value. 43% during the forecast period (2024-2029). 78 billion in 2024, and is expected to reach USD 4. 20, 2024) — Utah’s nonfarm payroll employment for November 2024 increased an estimated 1. 73% during the forecast period (2024-2029). Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5. Hospitality Jan 10, 2025 · Premium Statistic Food services and drinking place sales in the U. 0 during H1 2024, equivalent to a 24% increase in RevPAR over the same period in 2023. Percentage change represents the change in running 12 -month Jan 4, 2024 · Hospitality Industry in Vietnam - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2024 - 2029 - Vietnam Hospitality Market has generated revenue of USD 2. 01 Issue 1 February 2024 Photo Credit: Uganda Wildlife Authority World Tourism Growth Trend and Outlook The world economy proved more resilient than expected in 2023 amid significant monetary tightening, policy Jan 4, 2024 · Hospitality Industry In Sri Lanka - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2024 - 2029 - The Sri Lankan Hospitality Market size is valued at USD 470. Urban locations will show the strongest growth in RevPAR in 2024, fueled by the continued recovery of inbound international travel; sustained strength in the Aug 23, 2024 · EHL Insights have compiled 36 hospitality industry statistics you need to know in 2024. edu Jennifer Leaver Senior Research Analyst Utah’s travel and tourism industry maintains a positive trajectory despite challenges such as surging inflation, high gas prices, and U. Citywide hotel occupancy rate in Q1 2024: 65 percent. Real Estate X – Discovery Data, STR and HOTSTATS. . hotel occupancy is a slight improvement over 2023’s level (62. 7% year-over-year, respectively. Jan 10, 2025 · month in 2024, urrent Employment Statistics Summary, December 2024 CES Highlights Release Date: January 10, 2025 2024, the same as the average monthly job gain in 2023. Putting this awareness and focus on a circular economy into action, 93% of hospitality businesses have a sustainability strategy in place or in planning in 2024. Hospitality Industry in Malaysia analysis includes a market forecast outlook for 2025 to 2030 and historical overview. February 2024 . 01 billion by 2029, growing at a CAGR of 4. 8% across the past 12 months, with the state’s economy adding a cumulative 30,900 jobs since November 2023. The fiscal year (April 2023 – March 2024) had two clear, yet distinct memos for you. statistic in PDF format you need Feb 21, 2024 · www. CAMPING & HOSPITALITY REPORT 2024 2 to 10 years ago (39% of campers are non-white versus 23% 10 years ago). 7 %âãÏÓ 748 0 obj > endobj xref 748 19 0000000016 00000 n 0000001728 00000 n 0000001928 00000 n 0000003017 00000 n 0000003131 00000 n 0000003243 00000 n 0000005901 00000 n 0000005938 00000 n 0000018902 00000 n 0000019168 00000 n 0000019535 00000 n 0000019915 00000 n 0000026068 00000 n 0000026107 00000 n 0000036459 00000 n 0000174286 AViaDev Africa and the African Hospitality Investment Forum in Windhoek towards the end of the month. 5% during the forecast period. Sep 25, 2024 · Statistics and Employment in the Hospitality Sector. The 2024 projection for U. HOTEL INDUSTRY WILL CONTINUE TO INVEST IN THE HOSPITALITY WORKFORCE Source: Oxford Economics and STR 2024. Jan 10, 2025 · Which employee age group earns the most in the UK's hospitality industry? In 2024, 45-54 year olds had the highest average annual pay, with over 40,000 GBP. July 2024 . T Tr 2024 1 THE REPUBLIC OF UGANDA MINISTRY OF TOURISM, WILDLIFE AND ANTIQUITIES UGANDA TOURISM TRENDS AND OUTLOOK REPORT, 2024 Vol. Social assistance added an average of 18,000 jobs per Feb 15, 2024 · Hospitality Industry In India - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The Hospitality Industry In India Market size is estimated at USD 24. 4 billion in wages and salaries. 76 million currently, and it is expected to witness a CAGR of 7. 4% CAGR *F in the graph refers to forecasted 2023 Mar 20, 2024 · The trend of higher-end hotel outperformance will continue in 2024, with luxury and upper-upscale RevPAR expected to increase by 3. of AED 563. S. Jan 10, 2025 · According to a 2024 survey, 16 percent of employees in the United Kingdom's hospitality industry worked more than 15 hours of overtime per week. 1% to 12. U. Each member firm of Crowe Global is a separate and independent legal entity. 4% shy of 2019’s recorded level (65. Home. gain Employment in social assistance increased by 23,000 in December, mostly in individual and family services (+17,000). Get a sample of this industry analysis as a free report PDF download. 4%, resulting in a projected market volume of US$11. 5. • The travel & hospitality tech sector saw a significant increase in both capital investment and M&A activity in 2023, with transaction volume near a five-year high. hotel occupancy is expected to reach 63. Struggles to fill positions Statistics for the 2025 Hospitality Industry in Malaysia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Businesses have needed to adapt to increasing remote work, changing travel patterns and new concerns over health and safety. 25% during the forecast period (2024-2029). utah. [Online]. Jan 10, 2024 · With hospitality statistics predicting a healthy expansion of the sector (e. 7 billion of economic activity and 252,000 workforce jobs in Q1 2024. Similarly, South African tourists doubled their share, climbing from 6. 8% year-over-year and 3. * denotes significance Retail Trade CES Highlights Release Date: May 3, 2024 Summary Mining & Logging Construction Surprisingly, more hospitality SMEs (83%) see the circular economy as important to their day-to-day business than corporate-sized respondents (78%). 11 MB) No Access Until. (3) Skift Research Global Travel Outlook 2024; Revenue forecast represents the sum of hotel, airline, short-term rental, online travel agency, and cruise line 2024 revenue forecasts. Over - he - 22 ± 4 ds g 0 10 20 30 40 50 60 70 80 90 100 Jan-14 Jan-16 Jan-18 Jan-20 Jan-22 Jan-24 1- month diffusion index, manufacturing Seasonally adjusted Bureau of Labor Statistics, Current Employment Statistics, August 02, 2024. Urban locations will show the strongest growth in RevPAR in 2024, fueled by the continued recovery of inbound international travel; sustained strength in the . Despite these challenges, the hospitality sector continues to be a key employer in the UK. https://hdl Aug 23, 2024 · EHL Insights have compiled 36 hospitality industry statistics you need to know in 2024. The industry shows strong signs of recovery after sustaining heavy losses during the Covid-19 pandemic. Those that can apply technology to surface personalized and flexible oferings stand to make the most of the coming year and travel’s position as a widely cherished experience. and Tourism Industry, 2024 February 2024 411 East South Temple Street Salt Lake City, Utah 84111 801-585-5618 I gardner. g. The first quarter of 2024 showed modest growthin the Scottish hospitality sector , with USA Hospitality Market Report | January 2024 Horwath HTL is a member of Crowe Global, a Swiss verein. 2023 May 7, 2024 · Statistics. 7 billion of economic activity and 233,000 workforce jobs in Q3 2023. Feb 2, 2024 · January 2024 Level: 593 OTM Change: - 5 Bureau of Labor Statistics, Current Employment Statistics survey, February 02, 2024. 36 billion in 2024, and is expected to reach USD 1. Workforce THE U. 7% in May 2024 to 22. * denotes significance. 27bn by 2028. pdf (1. 8%) and a significant improvement over 2020’s historic low (43. 61 billion in 2024, and is expected to reach USD 31. 5% in June 2024. 8% in growth over the next four years. 6% in 2024, 3. These statistics indicated a robust and sustained interest in camping, underscoring its growing May 3, 2024 · April 2024 Prior 12-month average Over - the - month change, April 2024 Seasonally adjusted, in thousands Retail trade: 20 Bureau of Labor Statistics, Current Employment Statistics survey, May 03, 2024. 65 billion by 2029, growing at a CAGR of 4. While research showed a decrease in overall deaths and injuries, the rising number of school shootings and The Hospitality Industry In Egypt Market size is estimated at USD 3. Yet, faced with a difficult business environment, economic activity and levels of Dec 20, 2024 · Utah Department of Workforce Services Blog. 7 Our Market Report offers a panoramic view of this new landscape, capturing the pulse of recovery, investment shifts, and trends that are defining the future of hotels and travel. Gross Domestic Product (GDP) quarterly growth rate in accommodation and food services in Kenya from 2019 to 2023 [Graph], Kenya National Bureau of Statistics, January 4, 2024. Local travel saw an increase, with Namibian visitors occupying establishments rising from 17. 1 million people in 2024 while paying $123. 2024. Aug 23, 2024 · EHL Insights have compiled 36 hospitality industry statistics you need to know in 2024. 7 trillion in 2023, with forecasts predicting 23. Drop in average vacancy rate from Q1 2023 to Q1 2024: From 9 percent to 8 percent. Variations in undergraduate applications and acceptances between 2016/2017 and 2021/2022 Appendix 2. Aug 16, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. South Africa has been of the top tourist destinations in the African continent. In 2024, the industry will continue to rebuild the hospitality workforce. Cornell Peter and Stephanie Nolan School of Hotel Administration sustainability 2024 summary 6. icra. in 2 2 ICRA expects the Indian hotel industry to report a 7-9% revenue growthIndustry sustains strong performance in FY2025, over the 14- 16% growth expected in FY2024. Summary: The Scottish hospitality sector is an integral part of the Scottish economy, supporting £1. Hospitality Statistics Briefing, Q1 2024 . It specialises in delivering products and services to customers and consists of different sectors, including food and beverage, accommodation, clubs and gaming. England FE Aim Enrolments for Leisure, Travel and Tourism 3 Industry Tourism Statistics (Page 8) Hospitality Industry Trends (Page 16) 5 Shifting Landscape of Hotel 6 Management Model (Page 21) MARC’s Industry Forecast (Page 23) 7 Hotel Industry Overview (Page 11) 4 Financial Analysis (Page 25) 8 Industry Overview, Segment of Hotels Industry Growth, Growth Drivers Tourism Statistics, Leading States (3) Skift Research Global Travel Outlook 2024; Revenue forecast represents the sum of hotel, airline, short-term rental, online travel agency, and cruise line 2024 revenue forecasts. Meanwhile, 16 percent of workers also said they The Hospitality Industry in South Africa Market size is estimated at USD 1. 5 million people in 2023, accounting for about 7. We invite you to explore the African hotel and hospitality industry and its latest market advancements – surveyed, processed, analysed, and delivered to May 15, 2024 · Increase in average rental rates across secondary malls in Q1 2024: About 14 percent. Despite this decrease, there has been a notable 6 List of Appendices Appendix 1. 8%). year-to-date (YTD) data for February 2024, we’ve noted that there has been a decline in occupancy (1. 1% of total UK employment. Shaded area represents recession as denoted by the National Bureau of Economic Research. 69 billion in the current year and is poised to achieve a CAGR of 14% for the forecast period. Year-on-year decline in ADR for hotels in Q1 2024: 10 percent. 68 billion by 2029, growing at a CAGR of 4. Shaded area represents recession as determined by the National Bureau of Economic Research. Average daily rate (ADR) for hotels in Q1 2024: USD 123. The state of tourism and hospitality 2024 57 Theme park attendance has grown 3 percent a year over the past decade, as theme park providers capitalize on new demographics and refine their revenue management strategies. jmdhtr mtmqz xpgmzjwj tzgszs pukkn tglmd augbphvnl vkorj scitj ttbol