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Research Outline
Prepared for Tom | Delivered October 31, 2019
Hospitality and Retail Markets
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Goals
To obtain an insight into the hospitality and retail markets to inform a sales penetration strategy.
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Early Findings
Hotel Market
The global hotel market had a value of
$570.18 billion
in 2017.
Wyndham Hotel Group has
8,976
properties globally. Marriot International has
6,542
, and Hilton Worldwide has
5,405
.
The US hotel industry has experienced
growth
over the last decade as travel. With improving economic times, the amount of travel being undertaken has increased.
Fashion Market
The global fashion market had a value of
$597.3 billion
in 2019.
It has a forecast CAGR of
11.5%
. This will see the market size increase to
$922 billion
by 2023.
The apparel market is the largest segment in this market, with a value of
$386.4 billion
.
Home Decor Market
The global home decor market is currently growing at a CAGR of
4.9%
. It will be worth
$792.6 billion
by 2025.
The US furniture and homeware market is valued at
$44.4 billion
.
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