Hotels Market 2024-2030 Forecast: Hospitality in the Digital Era - Trends and Transformations

Revolutionizing Hospitality: Hotels Market

The emergence of the hospitality metaverse is reshaping the traditional concept of hotels. Virtual reality tours, avatars, and the utilization of Non-Fungible Tokens (NFTs) through blockchain technology are becoming integral to the guest experience. Marriott International, a pioneer in the field, has already ventured into the creation of digital art NFTs, setting the stage for the future of metaverse hospitality.

Hotels Market Overview:

The latest report from Maximize Market Research, covering the Global Hotels Market for the years 2023 to 2030, presents valuable insights into the market's competitive landscape. The research delivers a thorough and foundational analysis of the market, delving into subjective elements that can furnish readers with critical business perspectives. The report provides a comprehensive market overview, encompassing the value chain structure, geographical analysis, applications, market size, and forecast spanning from 2023 to 2030. This research serves as a dependable tool for a more accurate evaluation of both current and future conditions within the global Hotels market.

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Hotels Market Scope:

The research report for the Hotels market provides detailed company profiles, product specifications, production capacity, sales, revenue, pricing, gross margin, and product-specific sales. In terms of competitive analysis, the report showcases profiles of key market players, offering a comprehensive view encompassing company overview, financial performance, product portfolio, and strategies. The research methodology combines quantitative and qualitative approaches, employing tools such as SWOT and PESTLE analysis. Also, the report presents the latest trends within the Hotels market and provides insights into forthcoming demand, supply chains, sales, and recent shifts in the market landscape.

Hotels Market Segmentation:

by Hotel Type

Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Transit Hotels
Bed & Breakfast Hotels
Others

The market is divided into business/commercial hotels, boutique hotels, resort hotels, transit hotels, bed and breakfast hotels, and others depending on the type of hotel. Over the projected period, the business/commercial hotel segment is anticipated to develop at a CAGR. The primary driver of the expansion of the Business/Commercial Hotels segment in the global market during the forecast period is the growing consumer demand for these types of hotels due to its numerous benefits.

by Price Level

Luxury
Upscale
Midscale
Economy

The market is divided into four segments: Luxury, Upscale, Midscale, and Economy, based on Price Level. The luxury market is anticipated to expand at a CAGR throughout the projected period. Growing tourism, rising disposable income, rising living standards, and a growing propensity for leisure travel are the elements behind the rise of the luxury market. Throughout the projection period, these are the main drivers of the global market's growth.

by Room Capacity

Small
Medium
Large
Mega

The market is divided into four segments based on room capacity: small, medium, large, and mega. By 2029, the small room capacity segment is anticipated to have the most market shares. Little hotels are becoming more and more popular in the world's major cities; they stand out for having little rooms, cleverly designed spaces, and less expensive prices than typical. North America is a good place for investors in the hotel industry because tiny hotels are the trend that are most prevalent there.

by Business Model

Individual
Chain

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Table of Content: Hotels Market

Part 01: Executive Summary

Part 02: Scope of the Hotels Market Report

Part 03: Global Hotels Market Landscape

Part 04: Global Hotels Market Sizing

Part 05: Global Hotels Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Major Players include:

1. Accor SA
2. Marriott International
3. Hyatt Hotels Corporation
4. Hilton Worldwide Holdings Inc.
5. InterContinental Hotels Group PLC.
6. Best Western International, Inc.
7. Choice Hotels Internationals, Inc.
8. Wyndham Destinations, Inc.
9. Radisson Hospitality A.B.
10.Indian Hotels Company Limited
11.Oravel Stays Private Limited
12.TC Limited
13.EIH Limited
14.Bharat Hotels Limited
15.Lemon Tree Hotels
16.The Leela Palaces

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Regional Analysis:

The report provides an extensive analysis of the growth trajectory of the global Hotels Market. It is segmented into five primary regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. These regions hold significant influence and dominance in the global Hotels market.

Key Questions answered in the Hotels Market Report are:

What is Hotels Market?
What is the forecast period of the Hotels Market?
What is the competitive scenario of the Hotels market?
Which region held the largest market share in the Hotels Market?
What are the opportunities for the Hotels Market?
What are the restraining factors in the Hotels market?
Who are the key players of the Hotels market?

Key offerings:

Market Share, Size, and Forecast by Revenue | 2023-2030
Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
Market Segmentation: A detailed analysis by Hotels Market
Landscape- Leading key players and other prominent key players.

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