Hotels Market to reach USD 1,663.82 Bn by 2029, emerging at a CAGR of 9.2 percent and forecast (2022-2029)

Hotels Market Report Scope and Research Methodology

The hotels market report employs a robust research methodology, relying on both primary and secondary data sources. It delves into various factors influencing the industry, including market environment, government policies, competitive landscape, historical data, current market trends, technological advancements, and upcoming technologies. The research process also evaluates market risks, opportunities, barriers, and challenges. Through in-depth analysis and validation via primary research, the report presents final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, considering factors such as inflation, economic downturns, regulatory changes, and other variables to provide an accurate market forecast.

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What are Hotels Market Dynamics?

The hotel industry is witnessing significant shifts driven by technological innovations, the growth of the travel and tourism industry, and the emergence of digital guest experiences. Technological advancements, such as smart hotel technology, sustainable hotels, mobile bookings, and AI-driven services, are providing hotels with a competitive edge in catering to personalized customer needs. The exponential growth of the travel and tourism industry, fueled by rising consumer purchasing power, digital innovation, and increased internet usage, is contributing to the expansion of the hotels market. Additionally, the adoption of digital guest experiences and the influence of social media platforms are reshaping the way hotels engage with customers and promote their offerings.

The rise of shared accommodation services, offered at lower costs compared to chain hotels, poses a challenge to the growth of the hotels market. Shared accommodation providers offer personalized experiences at competitive prices, impacting the revenue of traditional hotels. However, the impact may vary across different segments of the hotels market. Additionally, the constant improvement in the quality of shared accommodation services further intensifies the competition for chain hotels.

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What is Hotels Market Segmentation?

by Hotel Type
• Business/ Commercial Hotels
• Boutique Hotels
• Resort Hotels
• Transit Hotels
• Bed & Breakfast Hotels
• Others

by Price Level
• Luxury
• Upscale
• Midscale
• Economy

by Room Capacity
• Small
• Medium
• Large
• Mega

by Business Model
• Individual
• Chain

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Who are Hotels Market Key Players?

• Accor SA
• 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 Palaces

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Table of content for the Hotels Market includes:

1. Global Hotels Market: Research Methodology

2. Global Hotels Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3. Global Hotels Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&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
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

4. Global Hotels Market Segmentation

• Global Market, by Hotel Type (2021-2029)
• Global Market, by Price Level (2021-2029)
• Global Market, by Room Capacity (2021-2029)
• Global Market, by Business Model (2021-2029)

5. Regional Hotels Market (2021-2029)

• Regional Market, by Hotel Type (2021-2029)
• Regional Market, by Price Level (2021-2029)
• Regional Market, by Room Capacity (2021-2029)
• Regional Market, by Business Model (2021-2029)
• Regional 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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Regional Insights:

The North America region currently holds the highest market share in the hotels market, with expected revenue of USD xx billion by 2029. Investments by branded hotel giants and independent hotels in micro hotels in urban cities are driving the market growth in this region. Europe is anticipated to experience significant growth during the forecast period, supported by a high number of international tourists and prominent destinations. Meanwhile, the Asia Pacific region is expected to witness substantial expansion due to the growing utilization of hotels, increased disposable income, and a surge in business travelers.

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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