Key Highlights
• Powered by international relations between countries, the hotel has a strong presence around the world. In addition to accommodation, it supports the residents of the place where many services such as security, meeting and exhibition facilities, restaurants and bars are located. The growth of sports tourism has helped increase demand, resulting in an increase in the number of hotels. For example, according to data released by the Sports and Tourism Association, approximately 180 million people travelled in the United States in 2019 to watch sports. The boom of international tourism has increased the use of hotels, which in turn helps the economy grow. For example, according to data released by the World Travel and Tourism Council, the travel and tourism industry contributed $8.9 trillion to the global economy in 2019. In addition, there are many international events such as the World Scout Convention, International Technology Expo, and International Fashion Expo. Attracting large crowds to these events also increases the demand for hotels.
• The market size of the worldwide Hotels Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In February 2019, Best Western Hotels & Resorts announced that it has acquired global hotel and resort chain World Hotels.
• The boom in travel and tourism around the world has a direct impact on the hospitality industry. This growth encourages consumers to use hotels and resorts, driving overall growth. Also, the increased interest in resorts to reduce work and stress related stress has led to the use of resorts and thus growth. The increase in tourism further boosted growth. The rise in the travel industry, along with the rise in international travel (most international travelers) are driving overall growth. The global economy is developing rapidly and steadily, and the world's hotel, resort and cruise industry is also growing, leading to economic growth. The increase in domestic and foreign tourist arrivals and the increase in tourism further accelerated the growth. Factors such as increased spending, GDP growth and affordable hotel prices are expected to fuel growth.
Scope of the Hotels Profile
Key Players
• Marriott International (US)
• Hilton (US)
• Hyatt Hotels (US)
• Four Seasons Holdings (Canada)
• Shangri-La International Hotel Management (China)
• InterContinental Hotels Group (UK)
• Mandarin Oriental International (China)
• The Indian Hotels Company (India)
• Jumeirah International (UAE)
• Kerzner International Resorts (UAE)
• ITC Hotels (India)
Segmentation
By Business Model
• Independent
• Chain
By Pricing
• Luxury
• Upscale
• Mid-Scale
• Economy
By Star Rating
• 2 Star
• 3 Star
• 4 Star
• 5 Star
• 7 Star
By Type
• Business Hotels
• Airport Hotels
• Suite Hotels
• Extended Stay Hotels
• Resort Hotels
• Homestays
• Hostels
By Accommodation Type
• Beach Resort
• Bed & Breakfast
• Casino Hotel
• Eco Hotel
• Gastro Hotel
• Outdoor Sporting Hotels
• Heritage Hotels
What to Expect from Accommodation Type Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Hotels market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Hotels market.
3. Leading company profiles reveal details of key Hotels market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Hotels market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In February 2019, Best Western Hotels & Resorts announced that it has acquired global hotel and resort chain World Hotels.
• In May 2020, World of Hyatt and Small Hotels announced that their partnership has expanded to include more than 200 properties.
Segment Insights
By Type
The business hotel segment will lead by more than 50% revenue in 2021 and is expected to grow with a 17.7% CAGR from 2022 to 2030. The growth and management of this segment is helping the rise in the tourism and international sector. In addition, people prefer hotels because the fact that hotels offer the best accommodation is the main factor in the growth of this segment. In addition, increasing digitalization and globalization increasing the interest in travel among enthusiasts is also an important factor in the growth of the economy. In addition, the advantages of hotels such as good service and security, easy booking process and security are some of the key factors that increase the popularity and use of hotels and therefore support the growth of this segment during the forecast period.
By Star Ratings
The demand for a three-star hotel is driven by the balance between affordability and quality. These hotels are often chosen by travelers looking for affordable accommodation with basic amenities and reasonable comfort. They offer a middle ground between business and luxury options and appeal to both leisure and value-for-money business people. In addition, the increase in tourism and the tendency to explore local culture rather than luxury have increased the attractiveness of three-star hotels. Competitive prices and many additional facilities support their location, making them the best choice for many travelers seeking convenience and affordability.
Regional Insights
In 2022, the North American market accounted for more than 35.5% of global revenue. The majority of the North American market is mainly due to the fact that the United States has the largest number of hotels in the world. The United States has the largest hotel construction and hotel industry. Many key players have affiliations in multiple states in the USA, resulting in greater income in the international hotel industry. Also, increased travel and leisure spending in North America will further support economic growth. The existence of an important and well-established hotel business in the region is another important factor that supports the growth of the business in this area. In addition, high consumer spending on leisure, travel and tourism and high consumer income are other factors contributing to the growth of the business in this field. The Asia-Pacific region is expected to witness the fastest growth in the 2022-2030 period, with a CAGR of 18.0%. Regional economic growth is helped by increased investment by regional governments in the travel and tourism industry. The increased investment has led to the development of the entire tourism industry, which eventually attracts more tourists to the countries of the region. In addition, the increase in the number of business travelers in the region stimulated the economy even more. Increasing disposable income and consumer spending also contribute to growth. Therefore, the factors mentioned above are driving the growth of the economy in the region. The hotel industry has shifted from North America and Europe to the Asia-Pacific region in the last few years as governments in the region encourage investment in the sector. Many initiatives of local governments have stimulated the rapid development of tourism by attracting tourists from all over the world to countries in South and East Asia. This will lead to market growth in Asia Pacific during the forecast year.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 HOTELS MARKET OVERVIEW, BY BUSINESS
MODEL
6.1 Global Market Revenue & Share Analysis, By Business
Model
6.1.1 Independent
6.1.2 Chain
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 HOTELS MARKET OVERVIEW, BY PRICING
7.1 Global Market Revenue & Share Analysis, By Pricing
7.1.1 Luxury
7.1.2 Upscale
7.1.3 Mid-Scale
7.1.4 Economy
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 HOTELS MARKET OVERVIEW, BY STAR
RATING
8.1 Global Market Revenue & Share Analysis, By Star Rating
8.1.1 2 Star
8.1.2 3 Star
8.1.3 4 Star
8.1.4 5 Star
8.1.5 7 Star
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 HOTELS MARKET OVERVIEW, BY TYPE
9.1 Global Market Revenue & Share Analysis, By Type
9.1.1 Business Hotels
9.1.2 Airport Hotels
9.1.3 Suite Hotels
9.1.4 Extended Stay Hotels
9.1.5 Resort Hotels
9.1.6 Homestays
9.1.7 Hostels
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 HOTELS MARKET OVERVIEW, BY
ACCOMMODATION TYPE
10.1 Global Market Revenue & Share Analysis, By Accommodation
Type
10.1.1 Beach Resort
10.1.2 Bed & Breakfast
10.1.3 Casino Hotel
10.1.4 Eco Hotel
10.1.5 Gastro Hotel
10.1.6 Outdoor Sporting Hotels
10.1.7 Heritage Hotels
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4. Key Takeaways
11 HOTELS MARKET OVERVIEW, BY REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Business
Model
12.2 North America Market Revenue & Share Analysis, By Pricing
12.3 North America Market Revenue & Share Analysis, By Star
Rating
12.4 North America Market Revenue & Share Analysis, By Type
12.5 North America Market Revenue & Share Analysis, By
Accommodation Type
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Business Model
13.2 Europe Market Revenue & Share Analysis, By Pricing
13.3 Europe Market Revenue & Share Analysis, By Star Rating
13.4 Europe Market Revenue & Share Analysis, By Type
13.5 Europe Market Revenue & Share Analysis, By Accommodation
Type
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Business Model
14.2 APAC Market Revenue & Share Analysis, By Pricing
14.3 APAC Market Revenue & Share Analysis, By Star Rating
14.4 APAC Market Revenue & Share Analysis, By Type
14.5 APAC Market Revenue & Share Analysis, By Accommodation
Type
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Business Model
15.2 MEA Market Revenue & Share Analysis, By Pricing
15.3 MEA Market Revenue & Share Analysis, By Star Rating
15.4 MEA Market Revenue & Share Analysis, By Type
15.5 MEA Market Revenue & Share Analysis, By Accommodation Type
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Business Model
16.2 SA Market Revenue & Share Analysis, By Pricing
16.3 SA Market Revenue & Share Analysis, By Star Rating
16.4 SA Market Revenue & Share Analysis, By Type
16.5 SA Market Revenue & Share Analysis, By Accommodation Type
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Source Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 Marriott International (US)
18.2.1.1 Business Overview
18.2.1.2 Product Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Hilton (US)
18.2.3 Hyatt Hotels (US)
18.2.4 Four Seasons Holdings (Canada)
18.2.5 Shangri-La International Hotel Management
(China)
18.2.6 InterContinental Hotels Group (UK)
18.2.7 Mandarin Oriental International (China)
18.2.8 The Indian Hotels Company (India)
18.2.9 Jumeirah International (UAE)
18.2.10 Kerzner International Resorts (UAE)
18.2.11 ITC Hotels (India)
19 DISCLAIMER
20 APPENDIX
