Hotels Market Overview:
Maximize Market research, a leading global Hotels Market research firm, which delivers data and analysis at the global, regional and country levels has published an Hotels Market report. The domain expert has analysed the Hotels at a regional and global level.
Hotels Market Scope:
Competitive analysis of the Hotels Market which gives insides to new players about sharks present in the market with their financial health, revenue, technological advancements, mergers and acquisitions, recent developments, marketing tactics, alliances, and joint ventures.
The Hotels Market report consists of microanalysis with accurate illustrations, graphs and simple-to-grasp language which helps users to understand the key points and overall aspects of the industry, this report is carved using history, consumer habits, & market volatility.
The Hotels Market report consists of the analysis of restraints, opportunities, challenges, and risks with the help of SWOT analysis and Porter’s Five Forces analysis, which are standard & prominent full-proof methods to provide analysis of the market.
Expected Revenue Growth:
Hotels Market was valued at USD 898.56 Billion in 2022, and it is expected to reach USD 1663.82 Billion by 2029, exhibiting a CAGR of 9.2% during the forecast period.
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Hotels Market Segmentation:
by Hotel Type
Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Casino Hotels
Transit Hotels
Bed & Breakfast Hotels
Others
The market is divided into Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Other Hotels based on the kind of hotel. The market for business/commercial hotels is anticipated to expand quickly at a CAGR during the projection period. The primary driver of the expansion of the business/commercial hotels sector in the global market during the forecast period is an increasing consumer demand for these accommodations due to the numerous benefits they offer to guests.
by Price Level
Luxury
Upscale
Midscale
Economy
The market is divided into four categories: Luxury, Upscale, Midscale, and Economy. During the projected period, the luxury segment is anticipated to expand quickly at a CAGR. The causes that fuel the expansion of the luxury segment are an uptick in tourism, an increase in disposable income, a rise in the average person’s level of life, and a rise in the propensity for leisure travel. These are the main elements that will fuel the expansion of the world market in the next years.
by Room Capacity
Small
Medium
Large
Mega
The market is divided into four categories based on room capacity: small, medium, large, and mega. By 2029, the small room capacity segment is anticipated to command the biggest market shares. Small hotels are distinguishable by their condensed rooms, space-saving architecture, and lower than normal rates while mushrooming in major metropolitan regions all over the world. North America has the highest share of small hotels in the world, making it an attractive investment location for the hotel industry.
by Business Model
Individual
Chain
The market is divided into Individual and Chain segments depending on the business model. During the projected period, the chain business model segment is anticipated to expand quickly at a CAGR. By the end of the prediction year 2029, chain hotels’ revenue is anticipated to increase from US$ 74 billion in 2021 to US$ 178.6 billion. This change demonstrates how players are shifting their investments from independent hotels to chain hotels in the hotel business.
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Hotels Key Players are:
1. Accor SA
2. Marriott International
3. Hyatt Hotels Corporation
4. Hilton Worldwide Holdings Inc.
5. InterContinental Hotels Group PLC.
6. Best Western International, Inc.
7. Choice Hotels Internationals, Inc.
8. Wyndham Destinations, Inc.
9. Radisson Hospitality A.B.
10.Indian Hotels Company Limited
11.Oravel Stays Private Limited
12.TC Limited
13.EIH Limited
14.Bharat Hotels Limited
15.Lemon Tree Hotels
16.The Leela Palaces
Regional Analysis:
The report assists in planning and implementing new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
The detailed regional analysis provided in the report aids stakeholders, new entrants, investors, entrepreneurs, researchers, market followers and players in an easy illustration of various elements of the market, presenting a future outlook with expected risks and trends in the Market.
A competitive regional analysis of the Hotels Market was conducted listing competitors in the market along with new entrants. A comprehensive analysis is effective to gain a comprehensive understanding of the market structure and growth strategies of various players.
Key Questions answered in the Hotels Market Report are:
- What is Hotels Market?
- What is the forecast period of the Hotels Market?
- What is the competitive scenario of the Hotels Market?
- Which region held the largest market share in the Hotels Market?
- What are the opportunities for the Hotels Market?
- What factors are affecting the Hotels Market growth?
- Who are the key players of the Hotels Market?
- Which company held the largest share in the Hotels Market?
- What will be the CAGR of the Hotels Market during the forecast period?
- What key trends are likely to emerge in the Hotels Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue| 2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Hotels Market
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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