Growth Opportunities in Global Hospitality Event Service Industry 2015-2020: Trends, Forecast, and Market Analysis
According to a new market report published by Lucintel, the future of global hospitality event service industry looks promising with opportunities in the baggage handling service, catering service, and security check service segments. The global hospitality event service industry is forecast to grow at a CAGR of 5.4% from 2015 to 2020. The major drivers of growth for this market are improvement in the global economy, rise in consumer spending, an increase in travel and tourism, and growth in air passenger traffic. Adoption of the open skies policy, increasing penetration of low-cost carriers, and rising number of international tourist arrivals are additional factors contributing to accelerated market growth.
In this market, retail and duty-free shops, baggage handling services, and passenger parking fields are some of the major segments of hospitality event services. The largest segment is retail and duty-free shops, which is expected to remain the same during the forecast period. Lucintel predicts that the demand for baggage handling services will experience the highest growth in the forecast period, supported by increasing expansion strategies by industry players in the Middle East and China. On the basis of its comprehensive research, Lucintel forecasts that catering services and retail and duty-free shops will show above average growth during the forecast period.
Within the hospitality event service industry, the retail and duty-free shops segment is expected to remain as the largest market. An increase in passenger spending along with new initiatives taken by service providers, like development of online retail channel, is expected to spur growth for this segment over the forecast period.
Asia Pacific (APAC) is expected to remain the largest market due to the high number of air travelers coupled with an increase in the government’ spending plans in both China and India. North America and Europe are expected to witness significant growth over the forecast period because of increasing consumer spending, passenger traffic, and external trade. For market expansion, the report suggests innovation and new service development, where the unique characteristics of hospitality event services can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost services for customers.
The emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of new baggage management application to improve customer service, increasing use of smartphone apps, hybrid check-in system, and increasing trends towards Airport Public Private Participations (PPPs) in emerging markets. Aeroports de Paris SA, Alpha Flight Group Limited, Fraport AG Frankfurt Airport Srvc Wrldwd, Japan Airport Terminal Co. Ltd., and SATS Ltd. are the major service providers in the global hospitality event service industry. Some companies are opting for joint venture and M&A as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities in global hospitality event service industry by segment and region, and has come up with a comprehensive research report entitled “Growth Opportunities in Global Hospitality Event Service Industry 2015-2020: Trend, Forecast, and Market Analysis.” This Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes forecast for hospitality event service industry through 2020 by segment and region as follows:
By Segment ($ Billion from 2009 to 2020)-
In this market, retail and duty-free shops, baggage handling services, and passenger parking fields are some of the major segments of hospitality event services. The largest segment is retail and duty-free shops, which is expected to remain the same during the forecast period. Lucintel predicts that the demand for baggage handling services will experience the highest growth in the forecast period, supported by increasing expansion strategies by industry players in the Middle East and China. On the basis of its comprehensive research, Lucintel forecasts that catering services and retail and duty-free shops will show above average growth during the forecast period.
Within the hospitality event service industry, the retail and duty-free shops segment is expected to remain as the largest market. An increase in passenger spending along with new initiatives taken by service providers, like development of online retail channel, is expected to spur growth for this segment over the forecast period.
Asia Pacific (APAC) is expected to remain the largest market due to the high number of air travelers coupled with an increase in the government’ spending plans in both China and India. North America and Europe are expected to witness significant growth over the forecast period because of increasing consumer spending, passenger traffic, and external trade. For market expansion, the report suggests innovation and new service development, where the unique characteristics of hospitality event services can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and the development of low-cost services for customers.
The emerging trends, which have a direct impact on the dynamics of the industry, are the introduction of new baggage management application to improve customer service, increasing use of smartphone apps, hybrid check-in system, and increasing trends towards Airport Public Private Participations (PPPs) in emerging markets. Aeroports de Paris SA, Alpha Flight Group Limited, Fraport AG Frankfurt Airport Srvc Wrldwd, Japan Airport Terminal Co. Ltd., and SATS Ltd. are the major service providers in the global hospitality event service industry. Some companies are opting for joint venture and M&A as strategic initiatives for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed opportunities in global hospitality event service industry by segment and region, and has come up with a comprehensive research report entitled “Growth Opportunities in Global Hospitality Event Service Industry 2015-2020: Trend, Forecast, and Market Analysis.” This Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes forecast for hospitality event service industry through 2020 by segment and region as follows:
By Segment ($ Billion from 2009 to 2020)-
- Retail and Duty-Free Shops
- Baggage Handling Services
- Passenger Parking Fields
- Special Passenger Care
- Security Check Services
- Training
- Catering Services
- North America
- Europe
- Asia Pacific
- Rest of World
1. EXECUTIVE SUMMARY
2. HOSPITALITY EVENT SERVICE INDUSTRY BACKGROUND AND CLASSIFICATIONS
2.1: Introduction
2.1.1: Industry Classification
2.1.2: Supply Chain
3. INDUSTRY TREND AND FORECAST ANALYSIS
3.1: Industry Analysis 2014
3.1.1: Global Hospitality Event Service Industry by Tier-II Level
3.1.2: Regional Hospitality Event Service Industry
3.1.3: Global Hospitality Event Service Industry by Country
3.2: Industry Trend 2009-2014
3.2.1: Macroeconomic Trends
3.2.2: Global Hospitality Event Service Industry
3.2.3: North American Hospitality Event Service Industry Trend
3.2.4: European Hospitality Event Service Industry Trend
3.2.5: APAC Hospitality Event Service Industry Trend
3.2.6: ROW Hospitality Event Service Industry Trend
3.3: Industry Drivers and Challenges
3.4: Industry Forecast 2015–2020
3.4.1: Macroeconomic Forecasts
3.4.2: Global Hospitality Event Service Industry Forecast
3.4.3: North American Hospitality Event Service Industry Forecast
3.4.4: European Hospitality Event Service Industry Forecast
3.4.5: APAC Hospitality Event Service Industry Forecast
3.4.6: ROW Hospitality Event Service Industry Forecast
4. COMPETITOR’S ANALYSIS
4.1: Services Portfolio Analysis
4.2: Market Share Analysis
4.3: Growth Leadership Analysis
4.4: Porter’s Five Forces Analysis Model
5. GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
5.1: Growth Opportunities for Global Hospitality Event Service Industry by Region
5.2: Emerging Trends in Global Hospitality Event Service Industry
5.3: Strategic Analysis
5.3.1: New Service Development
5.3.2: Expansion Strategy
5.4: Growth Strategies for Hospitality Event Service Providers
5.4.1: Opportunities for Hospitality Event Service across the Globe
5.5: Mergers and Acquisitions in Global Hospitality Service Industry
6. COMPANY PROFILES OF LEADING PLAYERS
2. HOSPITALITY EVENT SERVICE INDUSTRY BACKGROUND AND CLASSIFICATIONS
2.1: Introduction
2.1.1: Industry Classification
2.1.2: Supply Chain
3. INDUSTRY TREND AND FORECAST ANALYSIS
3.1: Industry Analysis 2014
3.1.1: Global Hospitality Event Service Industry by Tier-II Level
3.1.2: Regional Hospitality Event Service Industry
3.1.3: Global Hospitality Event Service Industry by Country
3.2: Industry Trend 2009-2014
3.2.1: Macroeconomic Trends
3.2.2: Global Hospitality Event Service Industry
3.2.3: North American Hospitality Event Service Industry Trend
3.2.4: European Hospitality Event Service Industry Trend
3.2.5: APAC Hospitality Event Service Industry Trend
3.2.6: ROW Hospitality Event Service Industry Trend
3.3: Industry Drivers and Challenges
3.4: Industry Forecast 2015–2020
3.4.1: Macroeconomic Forecasts
3.4.2: Global Hospitality Event Service Industry Forecast
3.4.3: North American Hospitality Event Service Industry Forecast
3.4.4: European Hospitality Event Service Industry Forecast
3.4.5: APAC Hospitality Event Service Industry Forecast
3.4.6: ROW Hospitality Event Service Industry Forecast
4. COMPETITOR’S ANALYSIS
4.1: Services Portfolio Analysis
4.2: Market Share Analysis
4.3: Growth Leadership Analysis
4.4: Porter’s Five Forces Analysis Model
5. GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
5.1: Growth Opportunities for Global Hospitality Event Service Industry by Region
5.2: Emerging Trends in Global Hospitality Event Service Industry
5.3: Strategic Analysis
5.3.1: New Service Development
5.3.2: Expansion Strategy
5.4: Growth Strategies for Hospitality Event Service Providers
5.4.1: Opportunities for Hospitality Event Service across the Globe
5.5: Mergers and Acquisitions in Global Hospitality Service Industry
6. COMPANY PROFILES OF LEADING PLAYERS
LIST OF FIGURES
CHAPTER 2. HOSPITALITY EVENT SERVICE INDUSTRY BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Process at Airport
Figure 2.2: Check-in Process
Figure 2.3: Security Process
Figure 2.4: Baggage Claim Area
Figure 2.5: Classification of Global Hospitality Event Service Industry by Tier-II Level
Figure 2.6: Catering Services Segment
Figure 2.7: Special Passenger Care Segment
Figure 2.8: Passenger Parking Field Segment
Figure 2.9: Retail and Duty Free Shops Segment
Figure 2.10: Training Segment
Figure 2.11: Security Check Segment
Figure 2.12: Baggage Handling Segment
Figure 2.13 Supply Chain of Global Hospitality Event Service Industry
CHAPTER 3. INDUSTRY TREND AND FORECAST ANALYSIS
Figure 3.1: Global Hospitality Event Service Industry (%) by Tier-II Level in 2014
Figure 3.2: Global Hospitality Event Service Industry ($ Billion) by Tier-II Level in 2014
Figure 3.3: Global Hospitality Event Service Industry (%) Distribution by Region in 2014
Figure 3.4: Global GDP Growth Rate Trend
Figure 3.5: Global Inflation Rate Trend
Figure 3.6: Global Air Passenger Traffic Growth Rate Trend
Figure 3.7: Regional GDP Growth Rate Trend
Figure 3.8: Regional Inflation Rate Trend
Figure 3.9: Trend of Regional Per Capita Income
Figure 3.10: Global Hospitality Event Service Industry Growth Trend from 2009 to 2014
Figure 3.11: Global Hospitality Event Service Industry Trend by Tier-II Level from 2009 to 2014
Figure 3.12: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2009 to 2014
Figure 3.13: Growth of Global Hospitality Event Service Industry by Tier-II Level from 2013 to 2014
Figure 3.14: North American Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.15: European Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.16: APAC Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.17: ROW Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.18: Drivers and Challenges of Global Hospitality Event Service Industry
Figure 3.19: Global GDP Growth Rate Forecast
Figure 3.20: Global Inflation Rate Forecast
Figure 3.21: Regional GDP Growth Rate Forecast
Figure 3.22: Regional Inflation Rate Forecast
Figure 3.23: Global and Regional Per Capita Income Forecast
Figure 3.24: Global Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.25: Global Hospitality Event Service Industry Forecast by Tier-II Level from 2015 to 2020
Figure 3.26: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2015 to 2020
Figure 3.27: Growth of Global Hospitality Event Service Industry by Tier-II Level from 2014 to 2015
Figure 3.28: North American Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.29: European Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.30: APAC Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.31: ROW Hospitality Event Service Industry Forecast from 2015 to 2020
CHAPTER 4. COMPETITOR’S ANALYSIS
Figure 4.1: Industry Presence of Major Players of Global Hospitality Event Service Industry
Figure 4.2: Global Hospitality Event Service Industry Market Share Analysis in 2014
Figure 4.3: Hospitality Event Service Concentration by Market Value in 2014
Figure 4.4: Growth Leadership Matrix in Global Hospitality Event Service Industry
Figure 4.5: Porter’s Five Forces Market Analysis Model for Global Hospitality Event Service Industry
CHAPTER 5.GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
Figure 5.1: Growth Opportunities of Global Hospitality Event Service Industry by Region
Figure 5.2: Emerging Trends in Global Hospitality Event Service Industry
Figure 5.3: Major Capacity Expansion of Global Hospitality Event Service Industry by Major Player
Figure 5.4: Growth Strategies for Hospitality Event Service Suppliers
Figure 5.5: Hospitality Service Opportunities across the Globe
CHAPTER 2. HOSPITALITY EVENT SERVICE INDUSTRY BACKGROUND AND CLASSIFICATIONS
Figure 2.1: Process at Airport
Figure 2.2: Check-in Process
Figure 2.3: Security Process
Figure 2.4: Baggage Claim Area
Figure 2.5: Classification of Global Hospitality Event Service Industry by Tier-II Level
Figure 2.6: Catering Services Segment
Figure 2.7: Special Passenger Care Segment
Figure 2.8: Passenger Parking Field Segment
Figure 2.9: Retail and Duty Free Shops Segment
Figure 2.10: Training Segment
Figure 2.11: Security Check Segment
Figure 2.12: Baggage Handling Segment
Figure 2.13 Supply Chain of Global Hospitality Event Service Industry
CHAPTER 3. INDUSTRY TREND AND FORECAST ANALYSIS
Figure 3.1: Global Hospitality Event Service Industry (%) by Tier-II Level in 2014
Figure 3.2: Global Hospitality Event Service Industry ($ Billion) by Tier-II Level in 2014
Figure 3.3: Global Hospitality Event Service Industry (%) Distribution by Region in 2014
Figure 3.4: Global GDP Growth Rate Trend
Figure 3.5: Global Inflation Rate Trend
Figure 3.6: Global Air Passenger Traffic Growth Rate Trend
Figure 3.7: Regional GDP Growth Rate Trend
Figure 3.8: Regional Inflation Rate Trend
Figure 3.9: Trend of Regional Per Capita Income
Figure 3.10: Global Hospitality Event Service Industry Growth Trend from 2009 to 2014
Figure 3.11: Global Hospitality Event Service Industry Trend by Tier-II Level from 2009 to 2014
Figure 3.12: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2009 to 2014
Figure 3.13: Growth of Global Hospitality Event Service Industry by Tier-II Level from 2013 to 2014
Figure 3.14: North American Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.15: European Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.16: APAC Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.17: ROW Hospitality Event Service Industry Trend from 2009 to 2014
Figure 3.18: Drivers and Challenges of Global Hospitality Event Service Industry
Figure 3.19: Global GDP Growth Rate Forecast
Figure 3.20: Global Inflation Rate Forecast
Figure 3.21: Regional GDP Growth Rate Forecast
Figure 3.22: Regional Inflation Rate Forecast
Figure 3.23: Global and Regional Per Capita Income Forecast
Figure 3.24: Global Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.25: Global Hospitality Event Service Industry Forecast by Tier-II Level from 2015 to 2020
Figure 3.26: CAGR of Global Hospitality Event Service Industry by Tier-II Level from 2015 to 2020
Figure 3.27: Growth of Global Hospitality Event Service Industry by Tier-II Level from 2014 to 2015
Figure 3.28: North American Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.29: European Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.30: APAC Hospitality Event Service Industry Forecast from 2015 to 2020
Figure 3.31: ROW Hospitality Event Service Industry Forecast from 2015 to 2020
CHAPTER 4. COMPETITOR’S ANALYSIS
Figure 4.1: Industry Presence of Major Players of Global Hospitality Event Service Industry
Figure 4.2: Global Hospitality Event Service Industry Market Share Analysis in 2014
Figure 4.3: Hospitality Event Service Concentration by Market Value in 2014
Figure 4.4: Growth Leadership Matrix in Global Hospitality Event Service Industry
Figure 4.5: Porter’s Five Forces Market Analysis Model for Global Hospitality Event Service Industry
CHAPTER 5.GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
Figure 5.1: Growth Opportunities of Global Hospitality Event Service Industry by Region
Figure 5.2: Emerging Trends in Global Hospitality Event Service Industry
Figure 5.3: Major Capacity Expansion of Global Hospitality Event Service Industry by Major Player
Figure 5.4: Growth Strategies for Hospitality Event Service Suppliers
Figure 5.5: Hospitality Service Opportunities across the Globe
LIST OF TABLES
CHAPTER 1.EXECUTIVE SUMMARY
Table 1.1: Global Hospitality Event Service Industry Parameters and Attributes
CHAPTER 3. INDUSTRY TREND AND FORECAST ANALYSIS
Table 3.1: Ranking of Top 15 Countries of the World in Terms of Number of Airports
Table 3.2: Industry Trends from 2009 to 2014 in Global Hospitality Event Service Industry ($ Billion)
Table 3.3: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service Industry
Table 3.4: Industry Size and Annual Growth Rates from 2013 to 2014 for Global Hospitality Event Service Industry by Tier-II Level
Table 3.5: Industry Size and Annual Growth Rates during Last Five Years from 2009 to 2014 of Global Hospitality Event Service Industry by Tier-II Level
Table 3.6: Industry Trend from 2009 to 2014 in North American Hospitality Event Service Industry ($ Billion)
Table 3.7: Average Growth Rates for One, Three, and Five Years in North American Hospitality Event Service Industry
Table 3.8: Industry Trend from 2009 to 2014 in European Hospitality Event Service Industry ($ Billion)
Table 3.9: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service Industry
Table 3.10: Industry Trends from 2009 to 2014 in APAC Hospitality Event Service Industry ($ Billion)
Table 3.11: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service Industry
Table 3.12: Industry Trends from 2009 to 2014 in ROW Hospitality Event Service Industry ($ Billion)
Table 3.13: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service Industry
Table 3.14: Industry Forecast from 2015 to 2020 in Global Hospitality Event Service Industry ($ Billion)
Table 3.15: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service Industry
Table 3.16: Industry Size and from 2014 to 2015 Growth Rates of Tier-II Level in Global Hospitality Event Service Industry
Table 3.17: Industry Size and Annual Growth Rates during Next Five Years from 2015 to 2020 for Global Hospitality Event Service Industry by Tier-II Level
Table 3.18: Industry Forecast from 2015 to 2020 in North American Hospitality Event Service Industry ($ Billion)
Table 3.19: Average Growth Rates for One, Three, and Five Years in North American Hospitality Event Service Industry
Table 3.20: Industry Forecast from 2015 to 2020 in European Hospitality Event Service Industry ($ Billion)
Table 3.21: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service Industry
Table 3.22: Industry Forecast from 2015 to 2020 in APAC Hospitality Event Service Industry ($ Billion)
Table 3.23: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service Industry
Table 3.24: Industry Forecast from 2015 to 2020 in ROW Hospitality Event Service Industry ($ Billion)
Table 3.25: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service Industry
CHAPTER 4.COMPETITOR’S ANALYSIS
Table 4.1: Global Market Share of Hospitality Event Service Providers in 2014
CHAPTER 5.GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
Table 5.1: New Services Introduced by Global Hospitality Event Service Providers
CHAPTER 1.EXECUTIVE SUMMARY
Table 1.1: Global Hospitality Event Service Industry Parameters and Attributes
CHAPTER 3. INDUSTRY TREND AND FORECAST ANALYSIS
Table 3.1: Ranking of Top 15 Countries of the World in Terms of Number of Airports
Table 3.2: Industry Trends from 2009 to 2014 in Global Hospitality Event Service Industry ($ Billion)
Table 3.3: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service Industry
Table 3.4: Industry Size and Annual Growth Rates from 2013 to 2014 for Global Hospitality Event Service Industry by Tier-II Level
Table 3.5: Industry Size and Annual Growth Rates during Last Five Years from 2009 to 2014 of Global Hospitality Event Service Industry by Tier-II Level
Table 3.6: Industry Trend from 2009 to 2014 in North American Hospitality Event Service Industry ($ Billion)
Table 3.7: Average Growth Rates for One, Three, and Five Years in North American Hospitality Event Service Industry
Table 3.8: Industry Trend from 2009 to 2014 in European Hospitality Event Service Industry ($ Billion)
Table 3.9: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service Industry
Table 3.10: Industry Trends from 2009 to 2014 in APAC Hospitality Event Service Industry ($ Billion)
Table 3.11: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service Industry
Table 3.12: Industry Trends from 2009 to 2014 in ROW Hospitality Event Service Industry ($ Billion)
Table 3.13: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service Industry
Table 3.14: Industry Forecast from 2015 to 2020 in Global Hospitality Event Service Industry ($ Billion)
Table 3.15: Average Growth Rates for One, Three, and Five Years in Global Hospitality Event Service Industry
Table 3.16: Industry Size and from 2014 to 2015 Growth Rates of Tier-II Level in Global Hospitality Event Service Industry
Table 3.17: Industry Size and Annual Growth Rates during Next Five Years from 2015 to 2020 for Global Hospitality Event Service Industry by Tier-II Level
Table 3.18: Industry Forecast from 2015 to 2020 in North American Hospitality Event Service Industry ($ Billion)
Table 3.19: Average Growth Rates for One, Three, and Five Years in North American Hospitality Event Service Industry
Table 3.20: Industry Forecast from 2015 to 2020 in European Hospitality Event Service Industry ($ Billion)
Table 3.21: Average Growth Rates for One, Three, and Five Years in European Hospitality Event Service Industry
Table 3.22: Industry Forecast from 2015 to 2020 in APAC Hospitality Event Service Industry ($ Billion)
Table 3.23: Average Growth Rates for One, Three, and Five Years in APAC Hospitality Event Service Industry
Table 3.24: Industry Forecast from 2015 to 2020 in ROW Hospitality Event Service Industry ($ Billion)
Table 3.25: Average Growth Rates for One, Three, and Five Years in ROW Hospitality Event Service Industry
CHAPTER 4.COMPETITOR’S ANALYSIS
Table 4.1: Global Market Share of Hospitality Event Service Providers in 2014
CHAPTER 5.GROWTH OPPORTUNITY & STRATEGIC ANALYSIS
Table 5.1: New Services Introduced by Global Hospitality Event Service Providers
