Report ID: SQMIG25F2053
Report ID:
SQMIG25F2053 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
87 |
Figures:
76
In 2022, the Asia Pacific region held the lion's share of the market, contributing more than 41.35% of worldwide revenue. Throughout the forecast period, the area will continue to grow at the fastest CAGR while maintaining its dominant market position. The primary driver of market development in this region is the quickly expanding housing and hospitality industries. According to the most recent CBRE survey, USD 10 billion was invested in hotels across Asia Pacific. With operating profits almost at pre-pandemic levels and confidence in this region's performance, this industry will likely continue to expand, which will favorably impact the market for bed linen.
The Middle East & Africa is anticipated to grow quickly. A lot of tourists visit these nations all year long, including the UAE, Egypt, Oman, Saudi Arabia, and Morocco. According to a study from the UAE Ministry of Economy, there will be 1,089 hotels operating in the nation by 2020, with a total of 180,000 rooms. The hospitality industry is expected to expand as long as there are ongoing investments made in the tourist sectors of places like Qatar, Dubai, Abu Dhabi, and Cairo. As a result, the Middle East and Africa are seen as profitable markets for bed linen.
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Report ID: SQMIG25F2053