Global hospitality real estate market is estimated to grow at a CAGR of 10.25% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 35% of the market’s growth. The report also includes historic market data from 2017 to 2021.
The global hospitality real estate market is segmented into North America, Europe, APAC, South America, and Middle East and Africa.
North America is estimated to account for 35% of the growth of the global market during the forecast period. The US and Canada are the key contributors to market growth, as consumers in these countries prefer to dine out. This is increasing the number of different types of restaurants in the region.
The Europe commercial real estate market is estimated to grow at a CAGR of 5.55% between 2022 and 2027.
The residential real estate market size in Myanmar is expected to increase by USD 181.3 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.97%.
The rise in the number of quick-service restaurants is driving the market growth.
Technological adoption in the real estate industry is a trend in the market.
The real estate industry is highly susceptible to national and regional macroeconomic conditions. Uncertainty about prevailing economic conditions will adversely affect the industry.
Demand can also be affected by conditions in the office real estate market, labor and health care costs, credit availability, and other macroeconomic factors. All these factors will impede the market during the forecast period.
Growth of the hospitality real estate market industry across North America, Europe, APAC, South America, and Middle East and Africa.