This Hotels, Restaurants and Catering (HoReCa) market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The hotels, restaurants and catering (HoReCa) market size has grown strongly in recent years. It will grow from $3.1 trillion in 2024 to $3.32 trillion 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 $4.32 trillion 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.
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 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 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.
This product will be delivered within 3-5 business days.
The hotels, restaurants and catering (HoReCa) market size has grown strongly in recent years. It will grow from $3.1 trillion in 2024 to $3.32 trillion 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 $4.32 trillion 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.
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 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 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hotels, Restaurants and Catering (HoReCa) Market Characteristics3. Hotels, Restaurants and Catering (HoReCa) Market Trends and Strategies4. Hotels, Restaurants and Catering (HoReCa) Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Hotels, Restaurants and Catering (HoReCa) Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Hotels, Restaurants and Catering (HoReCa) Market34. Recent Developments in the Hotels, Restaurants and Catering (HoReCa) Market
5. Global Hotels, Restaurants and Catering (HoReCa) Growth Analysis and Strategic Analysis Framework
6. Hotels, Restaurants and Catering (HoReCa) Market Segmentation
7. Hotels, Restaurants and Catering (HoReCa) Market Regional and Country Analysis
8. Asia-Pacific Hotels, Restaurants and Catering (HoReCa) Market
9. China Hotels, Restaurants and Catering (HoReCa) Market
10. India Hotels, Restaurants and Catering (HoReCa) Market
11. Japan Hotels, Restaurants and Catering (HoReCa) Market
12. Australia Hotels, Restaurants and Catering (HoReCa) Market
13. Indonesia Hotels, Restaurants and Catering (HoReCa) Market
14. South Korea Hotels, Restaurants and Catering (HoReCa) Market
15. Western Europe Hotels, Restaurants and Catering (HoReCa) Market
16. UK Hotels, Restaurants and Catering (HoReCa) Market
17. Germany Hotels, Restaurants and Catering (HoReCa) Market
18. France Hotels, Restaurants and Catering (HoReCa) Market
19. Italy Hotels, Restaurants and Catering (HoReCa) Market
20. Spain Hotels, Restaurants and Catering (HoReCa) Market
21. Eastern Europe Hotels, Restaurants and Catering (HoReCa) Market
22. Russia Hotels, Restaurants and Catering (HoReCa) Market
23. North America Hotels, Restaurants and Catering (HoReCa) Market
24. USA Hotels, Restaurants and Catering (HoReCa) Market
25. Canada Hotels, Restaurants and Catering (HoReCa) Market
26. South America Hotels, Restaurants and Catering (HoReCa) Market
27. Brazil Hotels, Restaurants and Catering (HoReCa) Market
28. Middle East Hotels, Restaurants and Catering (HoReCa) Market
29. Africa Hotels, Restaurants and Catering (HoReCa) Market
30. Hotels, Restaurants and Catering (HoReCa) Market Competitive Landscape and Company Profiles
31. Hotels, Restaurants and Catering (HoReCa) Market Other Major and Innovative Companies
35. Hotels, Restaurants and Catering (HoReCa) Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Hotels, Restaurants and Catering (HoReCa) Global Market Report 2025 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.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
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 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- 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.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Single Outlet; HoReCa Chain2) By Price Level: Luxury; Upscale; Midscale; Economy
3) By Service: Hotels; Restaurants; Cafes and Pubs
Subsegments:
1) By Single Outlet: Independent Hotels; Standalone Restaurants; Independent Catering Services; Boutique Hotels and Guesthouses2) By Horeca Chain: Hotel Chains; Restaurant Chains; Catering Chains; International Hospitality Brands
Key Companies Mentioned: Performance Food Group Inc.; the Coca-Cola Company; Starbucks Corporation; Inspire Brands Inc; Burger King Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Hotels, Restaurants and Catering (HoReCa) market report include:- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 3.32 Trillion |
| Forecasted Market Value ( USD | $ 4.32 Trillion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
