Future of Hospitality: Hotels Market Analysis 2029

Hotels Market was valued at USD 822.86 Billion in 2021, and it is expected to reach USD 1,663.82 Billion by 2029, exhibiting a CAGR of 9.2 % during the forecast period

Hotels Market  Overview:

The “Global Hotels Market ” is an in-depth look at the   Hotels Market  , with a focus on global market trends and analysis. This study seeks to provide an overview of the Hotels Market    industry as well as detailed market segmentation by segment and geography. The Hotels Market  is expected to expand rapidly over the forecast period. The research contains critical information on the market positions of the top  Hotels Market  firms, as well as significant industry trends and opportunities.

Market Scope :

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

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Segmentation of  Hotels Market  :

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. During the projected period, the business/commercial hotels segment is anticipated to expand quickly at a CAGR of xx%. 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 fast at a CAGR of xx%. 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 sector is anticipated to have the highest market shares, or xx%. 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 projection period, the chain business model segment is anticipated to expand quickly at a CAGR of xx%. 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. With the help of cutting-edge digital gadgets and sophisticated software technologies, hotel owners are streamlining operational procedures for managers as the trend of chains and franchisees gains traction in upscale and midscale-level accommodations.

Table of content for the Hotels Market  includes:

1.Global Hotels Market : Research Methodology

2.Global Hotels Market : Executive Summary
Market Overview and Definitions
oIntroduction to Global Hotels Market
Summary
oKey Findings
oRecommendations for Investors
oRecommendations for Market Leaders
oRecommendations for New Market Entry

3.Global Hotels Market : Competitive Analysis
MMR Competition Matrix
oMarket Structure by region
oCompetitive Benchmarking of Key Players
Consolidation in the Market
oM&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
oNorth America
oEurope
oAsia Pacific
oMiddle East and Africa
oSouth America
COVID-19 Impact

4.Global Hotels Market Segmentation
Global Hotels Market , by Hotel Type (2021-2029)
Global Hotels Market , by Price Level (2021-2029)
Global Hotels Market , by Room Capacity (2021-2029)
Global Hotels Market , by Business Model (2021-2029)

5.Regional Hotels Market (2021-2029)
Regional Hotels Market , by Type (2021-2029)
Regional Hotels Market , by Product (2021-2029)
Regional Hotels Market , by Application (2021-2029)
Regional Hotels Market , by End-User (2021-2029)
Regional Hotels Market , by Country (2021-2029)

6.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Key Players of  Hotels Market    :

Primary and secondary research is used to discover industry titans, while primary and secondary research is utilized to assess market revenue. The core research included in-depth interviews with a variety of thought leaders and industry experts, including experienced front-line personnel, CEOs, and marketing specialists. Secondary research comprised an examination of well-known manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then cross-checked against primary data. The following are a few companies working in the  Hotels Market   industry.

• • Marriott International
  • Hyatt Hotels Corporation
  • Hilton Worldwide Holdings Inc.
  • InterContinental Hotels Group PLC.
  • Best Western International, Inc.
  • Choice Hotels Internationals, Inc.
  • Wyndham Destinations, Inc.
  • Radisson Hospitality A.B.
  • Indian Hotels Company Limited
  • Oravel Stays Private Limited
  • TC Limited
  • EIH Limited
  • Bharat Hotels Limited
  • Lemon Tree Hotels
  • The Leela Palace

Regional Analysis :

The   Hotels Market    research focuses into geographic analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This component of the study examines each region’s and country’s share and growth rate throughout the forecasted time period.

The report provides a thorough PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues effecting the  Hotels Market   in various sectors.

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COVID-19 Impact Analysis on  Hotels Market   :

Customer behaviour has changed as a result of the COVID-19 virus across all areas of society. Businesses, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19’s influence on the   Hotels Market   and will assist you in developing your business in accordance with the new industry norms.

Under the COVID-19 Impact section, the  Hotels Market   Report delivers a 360-degree research ranging from the agile supply chain and trade restrictions to regional government policies and the firm’s future impact. Primary market research (2021-2029), instances of venture rivalry, the benefits and drawbacks of large corporate channels, and industry growth trends (2021-2029) have all been provided.

Key Questions Answered in the  Hotels Market  Report are :

• How big is the market for Hotels Market  ?
• Which regional market will emerge as the market leader in the next years?
• Which application category is expected to develop the fastest?
• What opportunities for growth could exist in the Hotels Market   industry in the next years?