Day 9: Write Hospitality Sector 90 Day's Challenge.

Today we are talking about the hotel industry global overview.

Hotels Market

was valued at USD 981.22 Billion in 2023, and it is expected to reach USD 1816.88 Billion by 2030, exhibiting a CAGR of 9.2% during the forecast period. A hotel is a maintained facility or institution that offers guests a place to stay overnight - in return for money - on a short-term basis. The exact amenities and services supplied to visitors can vary greatly from one hotel to the next, and hotel owners often attempt to target a specific sort of consumer through their pricing model and marketing approach, or by the range of services they offer. The hotel business is the branch of the service sector that deals with visitor accommodations.

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sources:https://www.maximizemarketresearch.com/

1. North America is the largest hotel industry in the world.
2. Hotels Market by Hotel Type Business/commercial hotels are leaders.
3. Market size 2023 $981.22B to $1816.88B in 2030 Expected.

Thank You for Reading.

Parth Verma The Valuation School .