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Hotels Market – Key Players are Hilton Worldwide Holdings Inc., Four Seasons Holdings Inc., InterContinental Hotels Group Plc

09-10-2018 11:46 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

Hotels Market – Key Players are Hilton Worldwide Holdings

Thanks to exploding tourism worldwide on account of the increasing wealth of people and proliferation of online platforms promoting it, the market for hotels has made gigantic progress too. This is because sensing an opportunity in it players are seen pulling out every stop to reap good profits. To that end they have been leveraging proactive advertising and marketing strategies alongside latest technologies to attract more customers.

Hilton Worldwide Holdings Inc., Four Seasons Holdings Inc., InterContinental Hotels Group Plc, Marriott International Inc., Indian Hotels Co Ltd., Atlantis The Palm Limited, Starwood Hotels and Resorts Worldwide Inc., Jumeirah International LLC, Accor Group, and ITC Ltd. are to name a few of the leading players operating in the global hotels market.

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A research study by Transparency Market Research predicts the market to rise at a steady 4.0% CAGR over the course of the forecast period starting from 2015 and ending in 2021. Expanding at this rate, the market, which was valued at US$534.02 bn in 2014, will likely become worth US$702.74 bn by 2021.

The various types of hotels in the world are typically classified as 5 star, 4 star, 3 star, 2 star, and 1 Star, among others. At present, the other segment, comprising mainly of budget hotels, is witnessing maximum growth since it is highly affordable. Geography-wise, North America, driven by the U.S., holds most of the share in the market. This is because of the high per capita spending capacity of the people in the region. Apart from that, the varied topography of North America has made it a tourist hotspot which also serving to stoke the hotels industry: already it is home to some of the big names in the industry.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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