The hospitality industry in the United States is dynamic. The region hosts a high number of brands with global footprints. Airbnb has been attracting a large consumer base and it recorded an increasing number of listings and bookings over the past few years. The entry of the concept of shared space has been giving a tough competition to the.. The hospitality industry is a large subsection within the service industry and is comprised of four main areas: Food & beverage, travel & tourism, lodging, and recreation. As examples, the F&B.
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![[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information](http://infographic.ly/wp-content/uploads/2016/12/Hospitality-and-Tourism-01.jpg "[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information")
[INFOGRAPHIC] Hospitality and Tourism A Growing Industry Information
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While this caused a large decline in the market size of the U.S. hotel and motel industry over the years of 2020 and 2021, this figure was forecast to exceed pre-pandemic figures in 2022, reaching.. Although many hospitality-focused businesses (e.g., hotels and restaurants) still face staffing shortages, the industry remains one of the largest global employment sectors. From 2022-2023, the international hospitality industry's value grew at a compound annual growth rate of 7% .
