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Gcc Hospitality And Food Service Market
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Gcc Hospitality And Food Service Market

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GCC Hospitality and Food Service Market - By Ownership (Standalone, Chain); By Type (Full-Service Restaurants, Quick Service Restaurants, Institutes, Others); By Service Type (Commercial, Institutional); By Country (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: March 2023
  • Report ID: BWC23256
  • Available Format: PDF
  • Page: 260

Report Overview

Growing population and rapid urbanization and increasing disposable income levels of consumers allowing them to spend on fine dining and various cuisines could boost the growth of GCC Hospitality and Food Service Market during the forecast period between 2023 and 2029.

GCC Hospitality and Food Service Market - Industry Trends & Forecast Report, 2029

GCC hospitality and food service market size is projected to grow at a CAGR of 9.25% during the forecast period between 2023 and 2029. Major growth drivers for GCC hospitality and food service market include an increase in the working-age millennial population, together with their shifting tastes and preferences for ready-to-eat foods. The shift has spurred the market's expansion for personalized and more modern food options. Due to the sudden boom in customer demand for enticing yet healthy modern cuisines, especially in commercial settings, the market has experienced a significant upswing. The use of catering services has grown in recent years as a result of businesses providing enticing culinary incentives to recruit and keep staff. Food service providers across the GCC have started to add healthy eating options to their standard menus, such as organic ingredients, nutritious snacks, organic meals, and a well-balanced vegan diet.

GCC Hospitality and Food Service Market - Overview

Hospitality refers to the act of greeting visitors or providing a home away from home, and the term is derived from the Latin word "hospes," which means "visitor or stranger." The catering, dining, takeaway, vending, taverns, and fast-food segments of the food service and hospitality industry are complex and dynamic sectors. The process of serving food to a visitor or customer in a business is known as food service. It is all about food and beverages that are consumed outside of the home. Customers go to food service establishments for a variety of reasons, including mingling, celebrating, adding convenience, and discovering new tastes and flavors. The preparation and serving of meals to customers who are dining outside the home fall under the purview of the food service industry.

Growth Drivers

Evolving Customer Preferences

As consumers' primary concerns in the new normal are their health, hygiene, and well-being. Thus, hospitality businesses are incorporating innovative components into their core operations to cater to these needs. In 2023, significant architectural and structural updates will be made to a variety of locations, including restaurants, salons, and spas. During lockdowns, conventional hospitality and food service business models failed. It was customary to cram people together, which is dangerous and against the law given the present regulations. The industry should investigate how customer behavior is changing now to identify important touchpoints that will be crucial success elements in the new normal. Housing, in-room dining, events, tourist and transportation, restaurants, and catering are the six main segments that make up the hospitality industry, which is a subset of the service sector.

More Experimentation in the Food Sector to Fuel Market Growth

Well-traveled, thriving middle class is willing to spend money on dining experiences that are comparable to those found across GCC because they are exposed to international trends in terms of newer formats and cuisines as well as seamless interaction made possible by the growth of multiple communication channels like the internet and mobile phones. These factors have led to the emergence of numerous new eateries that serve cuisines from remote regions of the nation.

Impact of COVID-19 on GCC Hospitality and Food Service Market

COVID-19 pandemic and resultant stringent lockdown measures and travel restrictions adversely affected hospitality and food service market across the world, including GCC countries. The pandemic demonstrated that companies cannot rely on a stable status quo and that change is inevitable. The revenue loss experienced by the GCC hotel and food service sector in 2020, with a total financial loss estimated to be between USD 50 billion and USD 60 billion, is evidence of the crisis's scope.

GCC Hospitality and Food Service Market

Segmental Coverage

GCC Hospitality and Food Service Market - By Ownership

On the basis of ownership, GCC hospitality and food service market is divided into Standalone and Chain segments.

GCC Hospitality and Food Service Market - By Type

GCC hospitality and food service market by type is categorized into Full-Service Restaurants, Quick Service Restaurants, Institutes, and other segments. As tourists become more interested in the luxurious dine-in culture, GCC is experiencing a growing luxurious, refined dining culture. Also, tour operators in the GCC countries promote fine dining experiences in their tourism packages, increasing demand for full-service restaurants. Full-service restaurants provide a variety of delicacies while maintaining the decorum and standardization of the specific establishments. The full-service restaurant segment in the GCC is highly fragmented, owing to the presence of a large number of small and major players. Growing disposable income of the expat population, as well as the growing influence of Western culture among the locals, has increased demand for ethnic food in the country. Therefore, people prefer to dine at ethnic restaurants.

GCC Hospitality and Food Service Market – By Service Type

On basis of the service type, GCC hospitality and food service market is split into Commercial and Institutional segments. The commercial location-based food expenditures were accounted for by commercial industry food service establishments. The commercial segment accounts for more than 80% of the food service industry. Hotels, motels, resorts, restaurants, takeaway outlets, fast food outlets, food delivery, caterers, cafeterias, pubs, and wine bars are all included in this category.

GCC Hospitality and Food Service Market

GCC Hospitality and Food Service Market – By Country

The report on GCC hospitality and food service market covers the region’s major countries including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Saudi Arabia is expected to grow at the highest CAGR during the forecast period. It primarily has to do with a growing preference for fusion cuisine on menus as a result of a society's propensity towards multiculturalism. Also, the country's large expat population has helped the catering industry in recent years.

Competitive Landscape

Major players in the GCC hospitality and food service market include Emirates Flight Catering, Dubai World Trade Centre Catering, Alshaya Group, Jumeirah Group, The Address Hotels + Resorts, Emaar Hospitality Group, Rotana Hotel Management Corporation, Accor Hotels, Marriott International, Intercontinental Hotels Group (IHG), and Hilton Worldwide. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

  • In November 2022 - Starbucks, a leading roaster and retailer of specialty coffee, unveiled a new look for its EMEA ready-to-drink portfolio in conjunction with global brand transformation company Landor & Fitch, following a two-year creative partnership.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates

Product/ Service Segmentation

Ownership, Type, Service Type, Country

Key Players

Emirates Flight Catering, Dubai World Trade Centre Catering, Alshaya Group, Jumeirah Group, The Address Hotels + Resorts, Emaar Hospitality Group, Rotana Hotel Management Corporation, Accor Hotels, Marriott International, Intercontinental Hotels Group (IHG), Hilton Worldwide

 

By Ownership

  • Standalone

  • Chain

By Type

  • Full-Service Restaurants

  • Quick Service Restaurants

  • Institutes

  • Others

By Service Type

  • Commercial

  • Institutional

By Country 

    • Bahrain

    • Kuwait

    • Oman

    • Qatar

    • Saudi Arabia

    • United Arab Emirates

 

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. GCC Hospitality and Food Service Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Growing tourism industry in the GCC countries
        2. Increasing disposable income and changing lifestyles of consumers
        3. Rising demand for international cuisines and fine dining experiences
      2.  Restraints
        1. Fluctuations in the economic conditions of the GCC countries
        2. High operational costs, including labor, rent, and raw material costs
      3. Opportunities
        1. Diversification of the industry to offer new and innovative services, such as food delivery services
        2. Rising trend of experiential dining, leading to opportunities for unique and immersive dining experiences
      4. Challenges
        1. Ensuring high levels of hygiene and food safety in the wake of the COVID-19 pandemic
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. GCC Hospitality and Food Service Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
        1. Standalone
        2. Chain
      2. By Type
        1. Full Service Restaurants
        2. Quick Service Restaurants
        3. Institutes
        4. Others
      3. By Service Type
        1. Commercial
        2. Institutional
      4. By Country 
        1. Bahrain
        2. Kuwait
        3. Oman
        4. Qatar
        5. Saudi Arabia
        6. United Arab Emirates

 

  1. Bahrain Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  2. Kuwait Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  3. Oman Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  4. Qatar Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  5. Saudi Arabia Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  6. United Arab Emirates Hospitality and Food Service Market
      1. Market Size & Forecast, 2019–2029
      2. By Value (USD Million)
    2. Market Share & Forecast
      1. By Ownership
      2. By Type
      3. By Service Type
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. GCC Hospitality and Food Service Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
  8. Impact of Covid-19 on GCC Hospitality and Food Service Market
  9. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)
    1. Emirates Flight Catering
    2. Dubai World Trade Centre Catering
    3. Alshaya Group
    4. Jumeirah Group
    5. The Address Hotels + Resorts
    6. Emaar Hospitality Group
    7. Rotana Hotel Management Corporation
    8. Accor Hotels
    9. Marriott International
    10. Intercontinental Hotels Group (IHG)
    11. Hilton Worldwide.
    12. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

 

*Financial information in case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

List of Figures

Figure 1       GCC Hospitality and Food Service Segmentation

Figure 2       GCC Hospitality and Food Service Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       GCC Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 5       GCC Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 6       GCC Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 7       GCC Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 8       GCC Hospitality and Food Service Market Share, By Country, By Value, 2019–2029

Figure 9       Bahrain Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 10     Bahrain Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 11     Bahrain Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 12     Bahrain Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 13     Kuwait Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 14     Kuwait Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 15     Kuwait Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 16     Kuwait Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 17     Oman Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 18     Oman Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 19     Oman Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 20     Oman Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 21     Qatar Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 22     Qatar Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 23     Qatar Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 24     Qatar Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 25     Saudi Arabia Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 26     Saudi Arabia Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 27     Saudi Arabia Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 28     Saudi Arabia Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

Figure 29     United Arab Emirates Hospitality and Food Service Market Size, By Value (USD Million), 2019–2029

Figure 30     United Arab Emirates Hospitality and Food Service Market Share, By Ownership, By Value, 2019–2029

Figure 31     United Arab Emirates Hospitality and Food Service Market Share, By Type, By Value, 2019–2029

Figure 32     United Arab Emirates Hospitality and Food Service Market Share, By Service Type, By Value, 2019–2029

 

 

List of Tables

 

Table 1        GCC Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 2        GCC Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 3        GCC Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 4        GCC Hospitality and Food Service Market Size, By Country, By Value, 2019–2029

Table 5        Bahrain Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 6        Bahrain Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 7        Bahrain Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 9        Kuwait Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 10      Kuwait Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 11      Kuwait Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 13      Oman Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 14      Oman Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 15      Oman Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 17      Qatar Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 18      Qatar Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 19      Qatar Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 21      Saudi Arabia Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 22      Saudi Arabia Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 23      Saudi Arabia Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 25      United Arab Emirates Hospitality and Food Service Market Size, By Ownership, By Value, 2019–2029

Table 26      United Arab Emirates Hospitality and Food Service Market Size, By Type, By Value, 2019–2029

Table 27      United Arab Emirates Hospitality and Food Service Market Size, By Service Type, By Value, 2019–2029

Table 28      Emirates Flight Catering Company Overview

Table 29      Emirates Flight Catering Financial Overview

Table 30      Dubai World Trade Centre Catering Company Overview

Table 31      Dubai World Trade Centre Catering Financial Overview

Table 32      Alshaya Group Company Overview

Table 33      Alshaya Group Financial Overview

Table 34      Jumeirah Group Company Overview

Table 35      Jumeirah Group Financial Overview

Table 36      The Address Hotels + Resorts Company Overview

Table 37      The Address Hotels + Resorts Financial Overview

Table 38      Emaar Hospitality Group Company Overview

Table 39      Emaar Hospitality Group Financial Overview

Table 40      Rotana Hotel Management Corporation Company Overview

Table 41      Rotana Hotel Management Corporation Financial Overview

Table 42      Accor Hotels Company Overview

Table 43      Accor Hotels Financial Overview

Table 44      Marriott International Company Overview

Table 45      Marriott International Financial Overview

Table 46      Intercontinental Hotels Group (IHG) Company Overview

Table 47      Intercontinental Hotels Group (IHG) Financial Overview

Table 48      Hilton Worldwide Company Overview

Table 49      Hilton Worldwide Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: GCC Hospitality and Food Service Market size is expected to grow at a CAGR of 9.25% during the forecast period between 2023 and 2029.
Ans: Major factors driving the growth of GCC Hospitality and Food Service Market include growing population and urbanization and governments’ initiatives to promote the tourism industry.
Ans: The full-service restaurant segment accounts for the highest market share in the GCC Hospitality and Food Service Market by type.
Ans: The commercial segment holds a higher market share in the GCC Hospitality and Food Service Market by service type.
Ans: Key players in GCC Hospitality and Food Service Market include Emirates Flight Catering, Dubai World Trade Centre Catering, Alshaya Group, Jumeirah Group, The Address Hotels + Resorts, Emaar Hospitality Group, Rotana Hotel Management Corporation, Accor Hotels, Marriott International, Intercontinental Hotels Group (IHG), and Hilton Worldwide.