How COVID-19 Impacting Five Star Hotel Market Globally? Top Key Players: Marriott International, Hilton, Hyatt Hotels

Advance Market Analytics released the research report of Global Five Star Hotel Market, offers a detailed overview of the factors influencing the global business scope. Global Five Star Hotel Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Global Five Star Hotel. This Report covers the emerging player's data, including: competitive situation, sales, revenue and global market share of top manufacturers are Marriott International (United States), Hilton (United States), Hyatt Hotels (United States), Four Seasons Holdings Inc. (United States), Shangri-La International Hotel Management Ltd. (Hong Kong), InterContinental Hotels Group PLC (United Kingdom), Mandarin Oriental International Limited (Hong Kong), Tata Group (India), Jumeirah International LLC (United Arab Emirates) and Kerzner International Limited (The Bahamas).
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As India is contributing high in the tourism industry. According to IBEF, the tourism & hospitality industry in India is directly contributing to India's GDP flowed by 23.6% was in 2017, and also tourism in India covered for 9.4% of the GDP. It includes revenues from restaurants and banquets. Usually, the revenues from F&B division are about 35-40% of the total hotel revenues. It depends on various factors such as occupancy rates of the property, size of banquets and conferences, connectivity and technology in the banquet area, hotel location, etc.
Market Drivers
o High Growth in Tours and Tourism Industry
o Growing Demand for The Leisure Travel
Market Trend
o Technology advancement in distribution models, such as the advent of digital technologies in booking and marketing activities. High adoption of social media helps hotel providers in advertising and other services
Restraints
o The slowdown in Economy, Along Rising COVID-19 Issue Is Highly Impact on International Tourism Industry for a Year
o Rising Land Availability Issue and Cost Issues
Opportunities
o Advancement in the hospitality industry is one of the key industries behind the high growth of the services sector. This shows strong growth potential across the globe, majorly in the South Arabia region. With the increased funding of government in hospitality and facility management is generating huge opportunity for luxury hotel companies.
Challenges
o High Initial Investment Required for The Five-Star Hotel
o Difficulty in Government Approvals and Licenses
The Global Five Star Hotel Market segments and Market Data Break Down are illuminated below:
Application (Business Traveller, Leisure Travellers, Airline Cabin Crew, Others), Distribution Channels (Travel Agents, Online Travel Portals, Marketing Alliances, Booker, CRS, GDS), Themes (Ecotel, Boutique Hotels, Heritage Hotels, Spa Hotels), Hotel (Business Hotel, Suite Hotel, Airport Hotel, Resorts Hotel)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Five Star Hotel Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Five Star Hotel market
Chapter 2: Exclusive Summary - the basic information of the Global Five Star Hotel Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Five Star Hotel
Chapter 4: Presenting the Global Five Star Hotel Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Global Five Star Hotel market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Global Five Star Hotel Market is a valuable source of guidance for individuals and companies.

Data Sources & Methodology

The primary sources involves the industry experts from the Global Five Star Hotel Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources - Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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