Market Overview:
The global hospitality event service market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for hospitality services from the domestic as well as international hotel segments. In addition, the increasing number of events and conventions being organized across different regions is also propelling the growth of this market. The passenger parking fields segment is projected to be the fastest-growing segment during the forecast period, owing to rising demand for convenient and hassle-free airport transfers. Moreover, security check services are also anticipated to witness high growth during the forecast period due to increased concerns for safety and security among travelers worldwide.
Product Definition:
Hospitality Event Service is a field of event management that specializes in the planning and coordination of events within the hospitality industry. Hospitality event services can include everything from corporate meetings and conventions to social gatherings and weddings. The importance of hospitality event service lies in its ability to create a unique experience for guests while meeting the specific needs of the hospitality industry. By planning and coordinating every detail of an event, from catering to transportation, hospitality event service professionals ensure that guests are comfortable and satisfied with their experience.
Passenger Parking Fields:
Passenger parking fields are spaces that are designed to accommodate passenger vehicles. They can be used for commercial purposes or as a private lot for personal use. Passenger parking fields have become an important part of the hospitality industry, especially in the food and beverage sector where customers expect to find ample free space near their destination to park their cars and travel onwards without any hassles.
Special Passenger Care:
Special passenger care is a specialized type of travel arrangement where the guest is treated with personalized service and care by the host. The main objective of this service is to exceed customer expectations, thereby increasing customer loyalty and satisfaction. Special passenger care includes various services such as transportation, meals & beverages, sightseeing, shopping excursions or spa treatments at destinations that are not part of regular tour itineraries.
The hospitality event service market size was valued at USD 537 billion in 2015.
Application Insights:
The international hotel application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the global rise in tourism. International hotels are focusing on offering a wide range of services including spas, restaurants and bars, swimming pools and gymnasiums for their guests to have a pleasant stay. In addition, these hotels are also focusing on enhancing customer experience by providing personalized service through social media channels such as Facebook and Instagram.
The domestic hotel application segment is expected to witness significant growth over the forecast period owing to increasing demand from end-users such as travel agents, airlines and rail operators among others who offer hospitality products & services at affordable prices along with excellent quality standards which has led them becoming popular among consumers across various regions globally.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a lucrative market for service providers as it has one of the largest hotel capacities in the world. According to STR, Inc., a U.S.-based consulting firm, around 636 million room nights were sold across North America hotels between January and March 2018 which was an increase of 3% compared to 2017 rate bookings across all types of hotels (chain and independent).
Asia Pacific is expected to be one of the fastest-growing markets over the forecast period owing to increasing investments by international players such as Marriott International; AccorHotels; Hyatt Hotels Corporation; InterContinental Hotel Group Pte Ltd.; Shangri-La Hotel Group Limited; and Starwood Hotels & Resorts Worldwide Inc. These companies are looking forward to tapping into untapped opportunities that exist within this region due to rapid urbanization coupled with rising disposable income levels among consumers.
Growth Factors:
- Increasing demand for event services from the corporate sector as companies look to outsource event planning and execution to specialized service providers in order to reduce costs and focus on their core business activities.
- Rapid growth of the MICE (meetings, incentives, conferences, and exhibitions) industry as businesses increasingly recognize the importance of events as a tool for marketing, networking, and knowledge sharing.
- Rising popularity of experiential events such as food festivals, music concerts, and art exhibitions that create unique experiences for attendees and help brands stand out from the competition.
- Proliferation of social media platforms that have made it easier for event organizers to reach a wider audience with minimal effort and cost.
- Growing number of freelance professionals who are offering their services as Event Planners & Coordinators which is helping to drive down costs while also providing more flexibility in terms of event customization
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospitality Event Service Market Research Report
By Type
Passenger Parking Fields, Special Passenger Care, Security Check Services, Training, Catering Services
By Application
Domestic Hotel, International Hotel
By Companies
Aeroports de Paris, Alpha Flight Group, SATS, Japan Airport Terminal
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Hospitality Event Service Market Report Segments:
The global Hospitality Event Service market is segmented on the basis of:
Types
Passenger Parking Fields, Special Passenger Care, Security Check Services, Training, Catering Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic Hotel, International Hotel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Aeroports de Paris
- Alpha Flight Group
- SATS
- Japan Airport Terminal
Highlights of The Hospitality Event Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Passenger Parking Fields
- Special Passenger Care
- Security Check Services
- Training
- Catering Services
- By Application:
- Domestic Hotel
- International Hotel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospitality Event Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospitality Event Service is a company that provides event planning, coordination and management services to businesses and organizations. They offer a wide range of services, including event planning, marketing strategy development, catering services and more.
Some of the major players in the hospitality event service market are Aeroports de Paris, Alpha Flight Group, SATS, Japan Airport Terminal.
The hospitality event service market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospitality Event Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hospitality Event Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hospitality Event Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hospitality Event Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hospitality Event Service Market Size & Forecast, 2020-2028
4.5.1 Hospitality Event Service Market Size and Y-o-Y Growth
4.5.2 Hospitality Event Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Passenger Parking Fields
5.2.2 Special Passenger Care
5.2.3 Security Check Services
5.2.4 Training
5.2.5 Catering Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Domestic Hotel
6.2.2 International Hotel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospitality Event Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospitality Event Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Passenger Parking Fields
9.6.2 Special Passenger Care
9.6.3 Security Check Services
9.6.4 Training
9.6.5 Catering Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Domestic Hotel
9.10.2 International Hotel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Passenger Parking Fields
10.6.2 Special Passenger Care
10.6.3 Security Check Services
10.6.4 Training
10.6.5 Catering Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Domestic Hotel
10.10.2 International Hotel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Passenger Parking Fields
11.6.2 Special Passenger Care
11.6.3 Security Check Services
11.6.4 Training
11.6.5 Catering Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Domestic Hotel
11.10.2 International Hotel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Passenger Parking Fields
12.6.2 Special Passenger Care
12.6.3 Security Check Services
12.6.4 Training
12.6.5 Catering Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Domestic Hotel
12.10.2 International Hotel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Passenger Parking Fields
13.6.2 Special Passenger Care
13.6.3 Security Check Services
13.6.4 Training
13.6.5 Catering Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Domestic Hotel
13.10.2 International Hotel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospitality Event Service Market: Competitive Dashboard
14.2 Global Hospitality Event Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aeroports de Paris
14.3.2 Alpha Flight Group
14.3.3 SATS
14.3.4 Japan Airport Terminal
