Continental Shift: The Evolving European Hospitality Landscape

The hospitality sector in Europe has also been experiencing growth due to the recovery of many people’s willingness to travel, more focus on the luxury market, and the growth of ‘new’ niche-like boutique hotels or resorts. As customers get smarter and demand more from their experiences, hospitality properties are putting a lot of effort and capital into upgrading and updating their guest spaces.

According to the UnivDatos Market Insights analysis, The global bathroom vanities market was valued at USD 41.08 billion in 2023 and is expected to grow at a strong CAGR of around 7.1% during the forecast period (2024-2032) owing to vanities with enhanced storage features, such as built-in drawers, organizers, and shelving, meeting the growing demand for multifunctional bathroom furniture.

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Regional Development:

It also shows that the distribution of new hotel entries also has a role in regional markets. It could also be tempting to assume that there are areas where manufacturers should not market or distribute their products for the simple reason that those are areas where they will not be needed, or where they will only be required in small amounts since no large construction projects are happening there.

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