Boutique Hotel Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global boutique hotel market is anticipated to grow at a considerable CAGR of 6.2% during the forecast period (2023-2029). The major factor assisting the market's growth includes the growing number of travellers, such as budget leisure travellers, business travellers, and hikers. People nowadays focus more on multiple short trips throughout the year to various places instead of just one long trip. Additionally, these hotels are customized, private, and have a smaller crowd, allowing travellers to relax and get comfortable in a better atmosphere than large chain hotels. For instance, according to new data from The World Tourism Organization (UNWTO), more than 900 million tourists travelled internationally in 2022, double the number recorded in 2021 though still 63% of pre-pandemic levels. Every global region recorded notable increases in international tourist numbers.

Companies are also opening new boutique hotels to further the market's growth. For instance, in February 2023, Lilly Hall, a luxurious boutique hotel, was officially opened in Pensacola's East Hill district. The hotel has 15 rooms, a speakeasy, an event area, and Darian Hernandez's restaurant. Additionally, Christian Louboutin, a well-known fashion brand, is planning to open a boutique hotel in April 2023, in Portugal's beach town, Melides. There are only 13 rooms in the three-story hotel, and every room is different. Vermelho, designed by Madalena Caiado, incorporates Northern African and European inspirations into the inlaid wood floors, bespoke mosaics, and colourful paintings. Other amenities of the hotel include a massage suite and the Xtian restaurant.

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Market Coverage

• The Market Number Available for - 2021-2029

• Base year- 2022

• Forecast period- 2023-2029

Segment Covered-

• By Hotel Type

• By Booking Type

• By Tourist Type

• By Tour Type

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- Four Seasons Holdings Inc., Hilton, Hyatt Hotels, InterContinental Hotels Group Plc, ITC Hotels Ltd., Jumeirah International LLC, and others.

Boutique Hotel Market Report Segment

By Hotel Type

· Business Hotels

· Suite Hotels

· Airport Hotels

· Resort Hotels

· Others

By Booking Type

· Phone Booking

· Online Booking

· In-Person Booking

By Tourist Type

· Domestic

· International

By Tourist Type

· Independent Traveller

· Package Traveller

· Tour Group

A full Report of Boutique Hotel Market is Available @ https://www.omrglobal.com/industry-reports/boutique-hotel-market

Boutique Hotel Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

· Ashford Castle Co.

· Farmhouse Inn

· Four Seasons Holdings Inc.

· Hilton

· Hyatt Hotels

· InterContinental Hotels Group Plc

· ITC Hotels Ltd.

· Jumeirah International LLC

· Kerzner International Resorts

· Mandarin Oriental International Ltd.

· Marriott International, Inc.

· Shangri-La International Hotel Management Ltd.

· Starwood Hotels & Resorts (Marriott)

· The Indian Hotels Company Ltd.

· Triple Creek Inn

· Wickaninnish Inn

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https://www.asiatimeskorea.com/news/2023-2029%eb%85%84%ea%b9%8c%ec%a7%80-%ea%b0%95%eb%a0%a5%ed%95%9c-%ec%84%b1%ec%9e%a5%ec%9d%84-%ec%9d%98%eb%af%b8%ed%95%98%eb%8a%94-%eb%87%8c%ec%a1%b8%ec%a4%91-%ea%b4%80%eb%a6%ac-%ec%8b%9c%ec%9e%a5/441579/
https://www.culturespace.co.kr/uncategorized/2029%eb%85%84%ea%b9%8c%ec%a7%80-%eb%86%80%eb%9d%bc%ec%9a%b4-%ec%84%b1%ec%9e%a5%ec%9d%84-%eb%aa%a9%ea%b2%a9%ed%95%a0-%eb%b3%b4%ec%98%a8%eb%b3%91-%ec%8b%9c%ec%9e%a5/85568/
https://monblogapple.com/2023/04/21/le-marche-des-combinaisons-de-sports-nautiques-generera-des-revenus-records-dici-2029/
https://revistaeconomiasocial.com/2023/04/21/el-mercado-de-pruebas-colaborativas-vera-un-enorme-crecimiento-para-2029/

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