The overall growth in the travel and tourism industry stands at +5.8% Vs. Overall GDP +2.7%. According to the Hospitality Global Market Report 2023 the global hospitality marketgrew from $4,390.59 billion in 2022 to $4,699.57 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%.. The hotel and resort industry market size worldwide saw consistent growth up until the start of the coronavirus (COVID-19) pandemic in 2020 when it was impacted by travel disruptions across the.
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![[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information](http://infographic.ly/wp-content/uploads/2016/12/Hospitality-and-Tourism-01.jpg "[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information")
[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information
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The Baird/STR Hotel Stock Index increased 3.1% in the first four months of 2022. The largest hotel company in the world, Marriott, rose to no. 611 on our 2022 Global 2000 list, leaping up more.. Market size of the hospitality industry worldwide in 2023, with forecasts for 2024 and 2029 (in billion U.S. dollars) Characteristic Market size in billion U.S. dollars.
