PUBLISHER: The Business Research Company | PRODUCT CODE: 1704553
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704553
Hotels, restaurants, and catering (HoReCa) refers to the sector that includes businesses offering accommodation, dining, and catering services. These establishments fulfill a range of needs by providing lodging for travelers, offering dining experiences, and delivering catering services for events and functions. The sector benefits from creating employment, boosting tourism activities, and providing essential hospitality services to the public.
The primary types within the HoReCa market are single outlets and HoReCa chains. Single outlets refer to independent establishments that operate on their own, without affiliation to a larger chain or brand. Price levels in this sector vary from luxury and upscale to midscale and economy, with services encompassing hotels, restaurants, and cafes and pubs.
The hotels, restaurants and catering (HoReCa) market research report is one of a series of new reports from The Business Research Company that provides hotels, restaurants and catering (HoReCa) market statistics, including the hotels, restaurants and catering (HoReCa) industry global market size, regional shares, competitors with hotels, restaurants and catering (HoReCa) market share, detailed hotels, restaurants and catering (HoReCa) market segments, market trends, and opportunities, and any further data you may need to thrive in the hotels, restaurants and catering (HoReCa) industry. These hotels, restaurants and catering (HoReCa) market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hotels, restaurants and catering (HoReCa) market size has grown strongly in recent years. It will grow from $3103.6 billion in 2024 to $3325.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to growth of the tourism industry, expansion of the middle class, expansion of online booking platforms, increase in corporate events and conferences, rise of themed restaurants and boutique hotels, and rise in health conscious eating.
The hotels, restaurants and catering (HoReCa) market size is expected to see strong growth in the next few years. It will grow to $4324.75 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing health awareness, expansion of luxury hotel chains, rising popularity of food festivals and events, growth of co working spaces in hotels, and increasing corporate travel. Major trends in the forecast period include adoption of smart kitchen appliances, adoption of online ordering systems, integration of energy management solutions, implementation of health and safety protocols, development of plant based menu options, and development of food delivery and takeaway services.
The expansion of construction activities is anticipated to drive the growth of the hotels, restaurants, and catering (HoReCa) market in the future. Construction activities include a broad spectrum of tasks related to the creation, maintenance, and renovation of buildings and infrastructure. This increase in construction is attributed to factors such as economic growth, urbanization, and government policies. The HoReCa sector supports construction activities by offering essential services including accommodation, meals, and event catering. These services enhance worker productivity, aid in project management, and contribute to the success of construction projects while benefiting the local economy. For instance, according to the Office for National Statistics (ONS), a UK-based non-ministerial department, annual new construction orders surged by 11.4% in 2022 compared to 2021, reaching a historic high of £80.837 billion ($102.16 billion). Therefore, the rise in construction activities is propelling the growth of the HoReCa market.
Leading companies in the HoReCa market are focusing on innovative solutions such as the HACCP Digital Solution for the HoReCa Sector to improve operational efficiency, streamline customer service, and enhance guest experiences. HACCP (Hazard Analysis Critical Control Point) is a systematic approach to food safety that helps identify and manage risks throughout food production and handling. Implementing HACCP in the HoReCa sector is essential for ensuring food safety and compliance with health regulations. For instance, in March 2024, SATO Europe GmbH, a Germany-based company specializing in auto-ID and data collection solutions, introduced an advanced HACCP digital solution tailored for the HoReCa sector. This solution offers customizable controls and real-time analytics to enhance food safety management, improve compliance, and boost operational efficiency. Key features of this HACCP solution include customizable self-control parameters to meet specific operational needs, a user-friendly interface for seamless integration into existing workflows, and comprehensive data analytics to support informed decision-making.
In April 2024, Tefcold Group, a Denmark-based provider of commercial refrigeration equipment, acquired Horeca Global Solutions for an undisclosed amount. This acquisition is intended to strategically enhance Tefcold Group's market presence and operational capabilities within the commercial cooling sector. The acquisition will facilitate improved synergies, expanded product offerings, enhanced digital platforms, and the development of a growth strategy for plug-in cooling equipment and key markets. Horeca Global Solutions, based in Spain, specializes in producing innovative solutions for the HoReCa sector, aimed at enhancing operational efficiency and customer satisfaction globally.
Major companies operating in the hotels, restaurants and catering (HoReCa) market are Performance Food Group Inc., The Coca-Cola Company, Starbucks Corporation, Inspire Brands Inc, Burger King Corporation, McDonald's Corporation, Marriott International Inc., Chick-fil-A Inc, Little Caesar Enterprises Inc., Hilton Worldwide Holdings Inc, ITC Limited, Costa Limited, KFC Corporation, Hyatt Hotels Corporation, Domino's Pizza Inc., InterContinental Hotels Group PLC, Papa John's International Inc., The Wendy's Company, Jack in the Box Inc., Tata Consumer Products Limited, Wyndham Hotels & Resorts Inc, Pizza Hut LLC, Jubilant FoodWorks Limited, Subway IP LLC
Asia-Pacific was the largest region in the hotels, restaurants and catering (HoReCa) market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hotels, restaurants and catering (HoReCa) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hotels, restaurants and catering (HoReCa) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hotels, restaurants and catering (HoReCa) market includes revenues earned by entities by providing services such as accommodation, dining services, event catering, specialized catering and food and beverage management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hotels, Restaurants And Catering (HoReCa) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hotels, restaurants and catering (horeca) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hotels, restaurants and catering (horeca) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hotels, restaurants and catering (horeca) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.