Latest News- Hospitality Market in France: Domestic is expected to lead the Type segment during 2025-2029

The Hospitality Market in France is being driven by Shifting preference for local and authentic experiences in France

The Hospitality Market in France is expected to grow at a CAGR of 2.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3.30 billion. The French hospitality market is witnessing a notable trend fueled by the widespread use of the internet and the growing influence of online testimonials. With travelers now able to conduct extensive research and make reservations online, the hospitality industry is increasingly reliant on digital platforms for customer engagement. This shift has led to a surge in online reviews and testimonials, which significantly impact potential visitors' decision-making processes. Prominent review sites such as TripAdvisor, Yelp, and social media channels have become essential tools for tourists to assess the quality of services offered by hotels, restaurants, and other hospitalities businesses. Consequently, maintaining a robust online reputation has become a priority for businesses, as positive feedback can significantly enhance their visibility and attract a larger clientele. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Domestic
  • International
• Service Type
  • Food service
  • Accommodation
• Ownership
  • Chained
  • Standalone
• Geography
  • France

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Shifting preference for local and authentic experiences in France
• Increasing investments in hospitality industry
• Growing occupancy rates and RevPAR in Paris

However, the market also witnesses some limitations, which are as follows:

• Difficulties in implementing tourism policies
• Inadequate infrastructure for travelers in France
• Increased threat of terrorism in France

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Market Scope in Hospitality Market in France Research Report

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Research Analysis Overview

The French hospitality market encompasses various sectors including Hotels, Restaurants, and Bars, providing Accommodation for both residential and non-residential guests. With the rise of Tourism and Wellness Tourism, personalization through Artificial Intelligence becomes essential. Domestic and International Tourists seek Authentic Experiences and Cultural Engagement, influenced by Social Media. Data Analytics from Domestic Guest visits inform Food and Beverage offerings, Recreation, and Entertainment. Business and Leisure Travelers, including Millennials and Generation Z, prefer Experiential Travel. Chain Hotels and the Airline Industry collaborate, integrating Robots and Automated Systems for enhanced guest experiences. Bleisure Travel, combining Business and Leisure, is also on the rise.

Market Research Overview

The global hospitality market encompasses businesses involved in the operation of hotels, resorts, and cruise lines, as well as travel agencies, tour operators, and associated services. According to Technavio, the market size is determined by the consolidated revenue generated by companies in the sectors of casinos and gaming, hotels, resorts and cruise lines, leisure facilities, and restaurants. The expansion of the global hospitality industry will be fueled by the burgeoning travel and tourism sector. Annually, vast numbers of tourists from developing and advanced economies traverse the world, driving market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
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