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Allied Market Research published a report, titled, "Capsule Hotel Market by Traveler Type (Solo, Group), Booking Mode (Online Booking and Offline Booking), Age Group (Generation X, Generation Y, and Generation Z): Global Opportunity Analysis and Industry Forecast, 2024-2033". million by 2033, growing at a CAGR of 7.9%
percent over the forecast period of 2023 to 2033. Million by 2033, according to Future Market Insights. Over the next ten years, there will likely be a sharp increase in demand for automated restaurant fryers due to the introduction of cutting-edge technologies in food service equipment. Million in 2023 to US$ 854.6
However, they’re not being entirely phased out until 2033. Mastercard states that as of 2024, there will be no requirement for issuers to include a Magstripe strip on new cards. As such, restaurants can continue to expect to see occasional swipe payments.
Looking ahead, the World Travel & Tourism Council (WTTC) forecasts that by 2033, the tourism sector will grow its GDP contribution to USD 15.5 In 2022, the direct contribution of travel and tourism to the global Gross Domestic Product (GDP) was approximately USD 7.7 trillion, representing a 7.6% trillion, representing 11.6%
Market reports reveal that this sector is expected to touch USD 459 million by 2033, at a steady compound annual growth rate (CAGR) of 5.5% per annum between 2025 and 2033. The Expanding Walnut Market in India The market of Indian walnut has grown tremendously in the past few years.
Southeast Asia alone is projected to contribute an impressive US$640 billion to the global economy by 2033. As the Asia-Pacific (APAC) region rises as a global powerhouse in travel and tourism, the global hospitality industry is presented with unparalleled opportunities.
billion by 2033, according to Future Market Insights. The aparthotel market is on a rapid growth trajectory, with the global extended-stay hotel sector valued at $54.5 billion in 2023 and projected to reach $166.5
Department of Labor , the leisure and hospitality sector is set to add nearly 800,000 new jobs between 2023 and 2033—about 1 in 8 of all new jobs during this period. . – Jack Mashini, Co Founder of Wing Snob According to the U.S.
Here, we share news of three brands’ August expansion announcements: • Johnny Rockets: The 325-unit FAT Brands concept is set to kick up dirt in Texas, more than tripling its footprint in the state by 2033. The first of 20 new franchised Johnny Rockets locations in Texas is set to open in 2024.
Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.
Through extensive research and a survey of 10,000 global travelers, Amadeus looked into the future to understand what would drive traveler interest and habits by 2033. What do I mean by that? This insight produced 4 distinct Traveler Tribes – Travel Tech-fluencers, Excited Experientialists, Pioneering Pathfinders, and Memory Makers.
How to Staff Your Long-Term Care Community with RDNs By 2033, the Bureau of Labor Statistics (BLS) predicts that the need for RDNs will expand by 7% , creating over 6,000 jobs in the healthcare industry. Doing this helps connect residents to the community around them and supports the local economy.
A recent study by Regional Research Reports concluded that in 2022, the global Hotel Revenue Management Systems (RMS) market was valued at millions of USD and was projected to reach multi-millions of USD by 2033. And there are reasons we’re seeing such a rapid rise in demand: Next-generation RMSs.
from 2023 to 2033. million by the end of 2033. from 2023 to 2033. times the current market value from 2023 to 2033. million from 2023 to 2033. CAGR from 2023 to 2033. The global ice cream packaging market size is set to reach a valuation of US$ 853.74 million in 2023 and expand at a CAGR of 4.0%
from 2023 to 2033, reaching a valuation of about US$ 23,818.9 Introduction: The global bioplastics packaging market is undergoing a transformative phase, driven by the escalating demand for sustainable packaging solutions across industries. With a projected compound annual growth rate (CAGR) of approximately 12.5%
As per Fact.MR, a provider of market research and competitive intelligence, sales of industrial chocolate are projected to reach a market valuation of US$ 97 billion by the end of 2033, increasing at a CAGR of 4.5 Sales of chocolates are estimated to increase through 2033 due to their ability to induce happiness and relax the mind.
billion in 2033 from US$ 84.14 percent from 2025 2033 due to nationwide popularity of convenience, delivery services, and new emerging food products. billion by 2033, growing at a CAGR of 7.4 percent during the forecast period (2025-2033). billion in 2024. It is expanding with a compound annual growth rate (CAGR) of 5.43
Products using these proteins are expected to reach approximately 10% CAGR between 2020-2027 , and its global market potential projected to reach US$11 billion by 2033. It is predicted that by 2027, plant proteins will constitute 75% of the alternative protein ingredient demand.
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