HoReCa Market – The Dominance of Single Outlets in the HoReCA Industry – Global Industry Analysis and Forecast (2024-2030)

APAC dominated the global HoReCa market with the highest market share of over 48% in 2023. The Asia-Pacific (APAC) region is rapidly establishing itself as a dominant force in the global HoReCa market, driven by a confluence of factors, including a massive population, urbanization, and rising disposable incomes. With over 4.7 billion inhabitants, APAC represents a vast and growing consumer base, fueling demand for hospitality services.