France Hospitality Market Insights Forecasts to 2033

• The France Hospitality Market Size was valued at USD 20.50 Billion in 2023.
• The Market Size is Growing at a CAGR of 1.79% from 2023 to 2033
• The France Hospitality Market Size is Expected to Reach USD 24.48 Billion by 2033

The France Hospitality Market is Anticipated to Reach USD 24.48 Billion by 2033, growing at a CAGR of 1.79% from 2023 to 2033.

Market Overview

The hospitality industry is a massive commercial sector. It broadly refers to all economic and business activities that rely on or contribute to travel and tourism. Hotels and travel agencies, for example, make a direct contribution by providing essential services that support travel and tourism. Suppliers, transportation services, and catering companies may indirectly contribute by providing the goods and services necessary to keep the industry running. The hospitality industry encompasses a wide range of fields within the service industry, including lodging, food and beverage service, event planning, theme parks, travel, and tourism. It includes hotels, travel agencies, restaurants, and bars. France has major international hotel groups and is self-sufficient with limited financial support and profitability.

Report Coverage

This research report categorizes the market for the France hospitality based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France hospitality market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France hospitality market.

Driving Factors

Owing to the increasing accessibility among the general population to undertake hospitality services. The increase in adoption rate is being driven by a variety of factors, including an increase in disposable income, an increase in the standard of living, and the emergence of food and hotel services for every budget, ranging from low-end to exclusive centers, thereby accommodating all consumer segments. Until a few years ago, taking a leisure trip or a long vacation with hotel stays and other related services was out of reach for a large portion of end-consumers, but with increasing globalization, industrialization, and a steady increase in per capita income, more people can now afford these services.

Restraining Factors

The growing number of unpleasant personnel will limit hospitality market growth.

Market Segmentation

The French hospitality market share is classified into product type and segment

• The chain hotels segment is expected to hold the largest market share through the forecast period.

The France hospitality market is segmented by type into chain hotels and independent hotels. Among these, chain hotels segment is expected to hold the largest market share through the forecast period. This is due to the widespread presence of well-known international and domestic hotel chains that provide consistent quality, brand recognition, and a broader range of services.

• The mid and upper-mid-scale hotels segment is expected to dominate the France hospitality market during the forecast period.       

Based on the segment, the France hospitality market is divided into budget and economy hotels, mid and upper-mid-scale hotels, luxury hotels, and service apartments. Among these, the mid and upper-mid-scale hotels segment is expected to dominate the France hospitality market during the forecast period. This is because they provide a good balance of comfort, quality, and affordability, attracting a diverse range of travelers, including tourists, families, and business visitors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the France hospitality market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• CAFE DE FLORE SAS
• Accor SA
• B and B HOTELS
• Hilton Worldwide Holdings Inc.
• Brit Hotel Developpement
• McDonald Corp.
• BWH Hotels
• Choice Hotels International Inc.
• Disney
• Airbnb Inc.
• DUCASSE Paris
• Hotel Le Relais Saint Germain
• Logis
• Marriott International Inc.
• InterContinental Hotels Group Plc

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In May 2022, ELLE, which is owned by the French Lagardère Group, is headquartered in Paris announced its debut into the hospitality world with the launch of Elle Hospitality, which comprises two boutique concepts, Maison ELLE and ELLE Hotel.

Market Segment

This study forecasts revenue at France, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the France hospitality market   based on the below-mentioned segments:

France Hospitality Market, By Type

• Chain Hotels
• Independent Hotels

France Hospitality Market, By Segment

• Budget and Economy Hotels
• Mid and Upper Mid-scale Hotels
• Luxury Hotels
• Service Apartments