TOP 22 Hospitality SubIndustry Q3/2023

#22 Entertainment Venues

Description: The Entertainment Venues industry is a vibrant sector within the larger Hospitality industry. It encompasses a wide range of establishments that provide entertainment and leisure activities to the public. Key players in this industry include theme parks, casinos, theaters, sports stadiums, concert arenas, and other venues that host live performances and events. The audience for these entertainment venues is diverse, ranging from families seeking fun and excitement to avid sports fans and music enthusiasts. This industry is prominently active in major cities and tourist destinations around the world, such as Las Vegas, Orlando, and London. It has experienced significant growth and major changes in recent decades, with the rise of immersive and interactive experiences, advancements in technology, and the globalization of entertainment. The Entertainment Venues industry is a noteworthy sector for future opportunities due to its potential for innovation, expansion into emerging markets, and the increasing demand for unique and memorable experiences.

#21 Event Management

Description: The Event Management industry, a sub-industry of Hospitality, involves the planning, organization, and execution of various events such as conferences, trade shows, weddings, and corporate meetings. Key players in this industry include event management companies, event planners, venues, catering services, and audiovisual production companies. The primary audiences for these events are businesses, individuals, and organizations seeking professional event management services. The industry is prominently active worldwide, with major hubs in cities like New York, London, Dubai, and Singapore. Event Management became significant in the late 20th century as businesses recognized the value of professionally organized events for marketing and networking purposes. With the increasing importance of experiential marketing and the growing demand for immersive events, the Event Management industry is poised for future opportunities. It offers a diverse range of career prospects and has the potential for substantial growth and innovation.

#20 Airports

Description: Airports are a crucial component of the hospitality industry, providing transportation services for travelers. Key players in this industry include major international airports such as Hartsfield-Jackson Atlanta International Airport, Beijing Capital International Airport, and London Heathrow Airport. These airports cater to a wide range of audiences, including business travelers, tourists, and connecting passengers. Airports are prominently active and relevant in major cities around the world, with hubs located in key regions such as North America, Europe, and Asia. The airports industry has experienced significant growth and major changes over the years, with the rise of low-cost carriers, increased security measures, and advancements in technology. This sector is noteworthy for future opportunities due to the continuous global demand for air travel and the potential for expansion and innovation in airport infrastructure, services, and technologies.

#19 Food Services

Description: The Food Services industry is a vital sector within the broader Hospitality industry. It encompasses a wide range of establishments that provide food and beverage services to customers. Key players in this industry include fast food chains, restaurants, cafeterias, catering companies, and food delivery services. The primary audience for food services is the general public, as well as businesses and institutions that require food service solutions. This industry is prominently active worldwide, with a strong presence in major cities and tourist destinations. Food services have experienced significant changes over time, with the rise of online food delivery platforms and the increasing demand for healthier and more sustainable food options. This sector is noteworthy for future opportunities due to the continual growth of the global population, increasing urbanization, and the evolving consumer preferences for convenient and diverse dining experiences.

#18 Resorts

Description: The Resorts industry is a sector within the Hospitality industry that focuses on providing accommodations, entertainment, and recreational facilities to guests. Key players in this industry include major hotel chains, luxury resorts, and vacation rental companies. The primary audience for resorts are leisure travelers seeking a relaxing and enjoyable vacation experience. Resorts are prominently active in popular tourist destinations worldwide, including tropical beach locations, mountain resorts, and urban centers. This industry became significant in the early 20th century with the rise of leisure travel and experienced major changes with the advent of online booking platforms and the demand for unique and experiential travel offerings. The Resorts industry is a noteworthy sector for future opportunities due to the increasing global travel market, growing demand for luxury and experiential accommodations, and the emergence of new technologies in the hospitality sector.

#17 Hospitality Technology

Description: The Hospitality Technology industry encompasses a wide range of technology solutions that are specifically designed to enhance and streamline operations within the hospitality sector. Key players in this industry include software companies, hardware manufacturers, and service providers that cater to hotels, restaurants, resorts, and other hospitality establishments. Prominently active in major global hospitality hubs such as the United States, Europe, and Asia, this industry has experienced significant growth and transformation in recent years. With the increasing demand for seamless guest experiences, personalized services, and efficient operations, the Hospitality Technology sector presents noteworthy opportunities for innovation and digital transformation. From mobile check-ins and smart room controls to data analytics and artificial intelligence-powered solutions, technology continues to revolutionize the hospitality industry, enabling businesses to deliver exceptional guest experiences and drive operational efficiencies.

#16 Travel Services

Description: The Travel Services industry encompasses a wide range of businesses that provide various services to travelers, including transportation, accommodation, and tour packages. Key players in this industry include airlines, hotels, online travel agencies, cruise lines, and car rental companies. The primary audience for these services is travelers, both leisure and business, who seek convenient and reliable options for their travel needs. The industry is prominently active in popular tourist destinations around the world, such as Paris, New York City, Tokyo, and Dubai. The Travel Services industry has experienced significant growth and major changes in recent years, driven by advancements in technology, the rise of online booking platforms, and changing consumer preferences. This sector is noteworthy for future opportunities due to the increasing global travel demand, emerging markets, and the potential for innovation in areas such as sustainable travel and personalized experiences.

#15 Bed & Breakfast

Description: The Bed & Breakfast industry is a subset of the hospitality sector that offers accommodations in small, cozy establishments typically operated by owners or innkeepers. Key players in this industry include individual B&B owners, boutique hotel chains, and online booking platforms such as Airbnb and Booking.com. The primary audience for B&Bs includes travelers seeking unique and personalized experiences, couples on romantic getaways, and tourists exploring local attractions. Bed & Breakfasts are prominently active in popular tourist destinations, charming small towns, and scenic rural areas worldwide. The industry has experienced significant growth and major changes in recent years due to the rise of online booking platforms and the increasing demand for authentic and personalized travel experiences. This sector is noteworthy for future opportunities because it caters to the growing trend of experiential travel and offers a more intimate and personalized alternative to traditional hotel accommodations.

#14 Timeshare

Description: The timeshare industry is a segment of the hospitality industry that offers individuals the opportunity to purchase or lease a share of vacation property for a specific period each year. Key players in this industry include major hospitality companies such as Marriott Vacations Worldwide, Wyndham Destinations, and Hilton Grand Vacations. The primary audience for timeshare properties are individuals and families who desire a consistent vacation experience and the convenience of a prearranged accommodation. Timeshare properties are prominently active in popular tourist destinations worldwide, including the United States, Mexico, the Caribbean, and Europe. The industry experienced significant growth and changes in the 1970s and 1980s, as it evolved from a traditional real estate model to a more structured and regulated vacation ownership industry. Timeshare is a noteworthy sector for future opportunities due to its potential for recurring revenue streams and the increasing demand for vacation experiences among consumers.

#13 Hostels

Description: The Hostels industry is a subset of the Hospitality industry that provides affordable accommodation options for travelers. Hostels typically offer dormitory-style rooms with shared facilities such as kitchens, bathrooms, and common areas, making them popular among budget-conscious backpackers and solo travelers. Key players in the Hostels industry include major international chains like Hostelling International, Generator Hostels, and YHA. The primary audience for hostels is young travelers seeking affordable and social accommodation options. Hostels are prominently active in popular tourist destinations worldwide, with significant presence in cities such as Amsterdam, Berlin, Barcelona, and Bangkok. The industry experienced a significant surge in popularity in the late 20th century with the rise of backpacking culture and has continued to evolve with the advent of online booking platforms and the growing demand for unique and experiential travel. The Hostels industry is noteworthy for future opportunities due to the increasing popularity of budget travel, the rise of digital nomadism, and the potential for innovative hostel concepts to cater to the evolving needs of travelers.

#12 Nightclubs

Description: The Nightclubs industry is a vibrant sector within the broader Hospitality industry. It encompasses establishments that provide entertainment, music, and dancing primarily during the evening and late-night hours. Key players in this industry include popular nightclub chains like the Hakkasan Group, TAO Group, and Pacha Group, as well as independent clubs that have gained significant recognition. The primary audience for nightclubs consists of young adults and partygoers seeking a lively and immersive social experience. Nightclubs are prominently active in major cities and tourist destinations worldwide, with notable hotspots in cities like Las Vegas, Ibiza, and Miami. The industry experienced a significant boom in the late 20th century, with the emergence of iconic clubs like Studio 54 and Ministry of Sound, and it continues to evolve to cater to changing consumer preferences. With the growing demand for experiential entertainment and nightlife experiences, the Nightclubs industry presents noteworthy opportunities for entrepreneurs and investors looking to capitalize on the lucrative entertainment sector.

#11 Cruise Lines

Description: The Cruise Lines industry is a prominent sector within the Hospitality industry. It encompasses companies that operate cruise ships and provide travel and vacation experiences to passengers. Key players in this industry include Carnival Corporation, Royal Caribbean Group, and Norwegian Cruise Line Holdings. The primary audience for cruise lines are leisure travelers seeking unique and all-inclusive vacations. Cruise lines are prominently active in popular tourist destinations such as the Caribbean, Mediterranean, Alaska, and the South Pacific. The industry has experienced major changes and growth since the late 20th century, with the introduction of larger and more luxurious cruise ships, expansion into new markets, and the incorporation of innovative technology and onboard amenities. The Cruise Lines industry is noteworthy for future opportunities due to its potential for continued global expansion, increasing demand for experiential travel, and the introduction of sustainable practices to address environmental concerns.

#10 Campgrounds & RV Parks

Description: The Campgrounds & RV Parks industry is a thriving sector within the broader Hospitality industry. It encompasses a wide range of businesses that provide campsites and recreational vehicle (RV) parks for travelers and outdoor enthusiasts. Key players in this industry include both privately-owned and publicly-traded companies, as well as government-operated parks. The primary audience for campgrounds and RV parks are vacationers, road trippers, and nature lovers seeking affordable accommodations and a connection with the great outdoors. This industry is prominently active in popular tourist destinations, national parks, and scenic areas across the globe. It has experienced significant growth and major changes in recent years, fueled by the increasing popularity of outdoor activities and the rising trend of RV travel. With a growing demand for unique and nature-oriented travel experiences, the Campgrounds & RV Parks sector presents noteworthy opportunities for future growth and investment.

#9 Theme Parks

Description: Theme Parks, a sub-industry of Hospitality, are immersive entertainment destinations that offer a variety of attractions, rides, and experiences to visitors of all ages. Key players in the industry include Walt Disney Company, Universal Parks & Resorts, and Merlin Entertainments. These companies cater to a wide range of audiences, including families, thrill-seekers, and tourists. Theme parks are prominently active in regions such as North America, Europe, and Asia, with popular destinations like Disneyland Resort, Universal Orlando Resort, and Tokyo Disneyland. The industry experienced significant growth and major changes in the mid-20th century with the introduction of iconic parks like Disneyland and the subsequent expansion of theme park chains. Theme parks are a noteworthy sector for future opportunities due to their ability to create unique and immersive experiences, capitalize on intellectual properties, and tap into the growing global travel and tourism market.

#8 Casinos & Gaming

Description: Casinos & Gaming is a sector within the broader Hospitality industry that encompasses establishments primarily engaged in providing gambling activities such as casinos, online gaming platforms, and lottery services. The key players in this industry include major casino operators like MGM Resorts International, Caesars Entertainment, and Las Vegas Sands Corp. The primary audience for the Casinos & Gaming industry is adult consumers who are seeking entertainment and the chance to win money through various games of chance. This industry is prominently active in regions such as Las Vegas, Macau, and Atlantic City, where it has become a significant part of the local economy. The Casinos & Gaming industry experienced major changes in recent years with the rise of online gambling platforms and the legalization of sports betting in several jurisdictions. This sector is noteworthy for future opportunities due to the potential for further legalization and expansion of online gambling, as well as the increasing popularity of integrated resort destinations that combine casino gaming with other forms of entertainment and hospitality.

#7 Wedding Venues

Description: The Wedding Venues industry is a sector within the broader hospitality industry that focuses specifically on providing venues and services for weddings. Key players in this industry include wedding venues such as hotels, resorts, country clubs, and dedicated wedding venues. Other important players include event planning companies, catering services, and wedding rental providers. The industry is prominently active in regions with high wedding demand, such as North America, Europe, and Asia. The Wedding Venues industry has experienced significant growth and major changes in recent years due to the increasing demand for unique and personalized wedding experiences. This sector is noteworthy for future opportunities due to the continued growth of the wedding market and the potential for innovation in venue design, technology integration, and sustainability practices.

#6 Golf Courses

Description: The Golf Courses industry is a prominent sector within the larger Hospitality industry. It consists of establishments that offer golfing facilities, including golf courses, driving ranges, and golf resorts. The key players in this industry include major golf course operators, golf equipment manufacturers, and golf resorts and hotels. The primary audience for this industry comprises avid golfers, both recreational and professional, as well as tourists and vacationers seeking golfing experiences. Golf courses are prominently active and relevant in regions with favorable climates for golf, such as North America, Europe, and parts of Asia. The industry has experienced significant growth and major changes over the years, with the establishment of new golf courses, technological advancements in golf equipment, and the rise of golf tourism. The Golf Courses industry is a noteworthy sector for future opportunities due to the growing popularity of golf, the increasing number of golfers worldwide, and the potential for innovation in golf course design and services.

#5 Catering Services

Description: The Catering Services industry is a key player in the Hospitality sector, providing food and beverage services for various events and occasions. With a workforce of approximately 2.5 million employees globally, this industry generates an estimated revenue of around 400 billion dollars. The key players in this sector include well-known companies like Compass Group, Sodexo, and Aramark, who cater to a wide range of audiences such as corporations, educational institutions, healthcare facilities, and event organizers. Catering services are prominently active in major metropolitan areas and tourist destinations worldwide, serving both local and international clientele. This industry has experienced significant growth and evolution in recent years, adapting to changing consumer preferences and dietary requirements. It is a noteworthy sector for future opportunities due to the increasing demand for specialized catering services, such as organic and sustainable food options, as well as the rising trend of personalized and themed events.

#4 Tour Operators

Description: Tour Operators, a sub-industry of the Hospitality sector, are companies that organize and execute travel packages and activities for individuals and groups. Key players in this industry include global companies such as TUI Group, Booking Holdings, and Expedia Group, as well as regional operators like Cox & Kings and Thomas Cook. The primary audience for tour operators consists of leisure travelers seeking hassle-free and curated travel experiences. Tour operators are prominently active in popular tourist destinations worldwide, including Europe, Asia, North America, and the Caribbean. This industry has experienced significant growth and major changes in recent decades due to technological advancements, globalization, and changing consumer preferences. With the increasing demand for personalized travel experiences and the rise of online booking platforms, the tour operators industry presents noteworthy opportunities for future growth and innovation.

#3 Luxury Hotels

Description: The Luxury Hotels industry is a sector within the broader Hospitality industry that focuses on providing high-end accommodation and services to affluent individuals and travelers. Key players in this industry include renowned hotel chains such as Marriott International, Hilton Worldwide Holdings, and InterContinental Hotels Group. Luxury hotels cater to a discerning audience that seeks premium amenities, personalized service, and exclusive experiences. These hotels are prominently active in major global cities and popular tourist destinations, with notable concentrations in cities like New York, Paris, London, Dubai, and Tokyo. The industry has experienced significant growth and major changes in recent decades, driven by increasing disposable incomes, changing consumer preferences, and globalization. The Luxury Hotels industry is a noteworthy sector for future opportunities due to the rising demand for luxury travel experiences, expanding middle class in emerging markets, and the potential for technological innovations to enhance guest experiences and operational efficiency.

#2 Hotels

Description: The Hotels industry is a key sector within the broader Hospitality industry, encompassing a wide range of establishments that offer lodging accommodations and related services to travelers and tourists. This industry includes various types of hotels, such as luxury resorts, boutique hotels, budget motels, and extended stay accommodations. The key players in the Hotels industry are major hotel chains like Marriott International, Hilton Worldwide Holdings, and Intercontinental Hotels Group, as well as independent hotel brands. The primary audience for hotels includes business travelers, leisure tourists, and individuals seeking temporary accommodations. Hotels are prominently active and relevant in popular tourist destinations worldwide, with major hotel chains operating in key cities and vacation spots globally. The Hotels industry experienced significant growth and major changes with the rise of online travel agencies and booking platforms, which transformed the way hotels market and sell their services. This sector is noteworthy for future opportunities due to the increasing demand for travel and tourism, as well as the potential for technological advancements to further enhance guest experiences and operational efficiency.

#1 Restaurants

Description: Restaurants

The hospitality industry is experiencing significant changes, with automation adoption and sustainability emerging as key concerns.

These changes have important implications for companies in this sector, creating opportunities for innovation and a greater need for sustainable practices.

Moving forward, the industry is expected to continue expanding, with increased investments in technology and a focus on environmentally responsible practices.

It is important for readers to stay informed about industry trends, consider investment opportunities, and explore ways to contribute to sustainable growth in this dynamic industry.

In this ever-evolving landscape, embracing innovation, sustainability, and responsible leadership is crucial for success in the hospitality industry.