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Market outlook for 2022-2026
The global hospitality industry is poised for significant growth, bouncing back after a tricky few years.
Market forecasts continue to improve, led by strong revenues in 2022 and 2023, as customers return to hotels, bars and restaurants. However, these customers have new habits, preferences and expectations.
Against the backdrop of rising inflation and cost-of-living concerns, it’s critical for hospitality businesses to fully understand and adapt to these evolving preferences so they remain competitive and continue to attract new customers.
Fortunately, with change comes opportunity. Combining data from interviews, statistical reports and surveys, this whitepaper examines the current state of the hospitality industry – where it’s been, where it’s going and, importantly, the key challenges and payments opportunities that lie ahead.
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Copyright© | Elavon Financial Services DAC. Registered in Ireland with Companies Registration Office. The liability of the member is limited. United Kingdom branch registered in England and Wales under the number BR022122.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is a credit institution authorised and regulated by the Central Bank of Ireland. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
Helping thousands of customers around the world grow their business through payments
Customer service and support
We’re here to help!
Customer service: 0345 850 0195
8am to 6pm, Monday to Friday
Opayo product support: 0191 313 0299
24 hours a day, 365 days a year
Copyright© | Elavon Financial Services DAC. Registered in Ireland with Companies Registration Office. The liability of the member is limited. United Kingdom branch registered in England and Wales under the number BR022122.
Elavon Financial Services DAC, trading as Elavon Merchant Services, is a credit institution authorised and regulated by the Central Bank of Ireland. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.
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