Hotels Market is expected to show growth from 2024 to 2030, reported by Maximize Market Research

Hotels Market was valued at USD 981.22 Billion in 2023, and it is expected to reach USD 1816.88 Billion by 2030, exhibiting a CAGR of 9.2% during the forecast period.

𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

A hotel is a maintained facility or institution that offers guests a place to stay overnight - in return for money - on a short-term basis. The exact amenities and services supplied to visitors can vary greatly from one hotel to the next, and hotel owners often attempt to target a specific sort of consumer through their pricing model and marketing approach, or by the range of services they offer. The hotel business is the branch of the service sector that deals with visitor accommodations. Increased consumer purchasing power, economic growth, digital innovation, and internet usage are driving the global travel and tourism industry, leading to the growth of the hotels market worldwide. The frequency of travel, both domestically and internationally, has significantly increased in recent years and is expected to continue growing in the forecast period. This trend is boosting hotel bookings for business, commercial, and tourism purposes, resulting in higher occupancy rates.

The U.S. remains a key player in the hotels market, while China is projected to experience rapid growth in the coming years. The major key player are the 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., and Radisson Hospitality A.B. North America is projected to maintain its position as the dominant market, with an anticipated revenue of USD xx billion by 2030 and a market share of xx%. The region is seeing substantial investments by both branded hotel chains and independent hotels in micro hotels, particularly in urban areas. Europe is also expected to experience significant growth, driven by a high number of international tourists leading to increased occupancy rates. Popular destinations in Europe like Poznan, Geneva, and Budapest, as well as emerging cities like Braga, Portugal, are attracting visitors from around the globe and contributing to market growth.

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚 :https://www.maximizemarketresearch.com/request-sample/47478/

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In July 2023, Marriott International and MGM Resorts International announced a long-term license agreement, and the creation of MGM Collection with Marriott Bonvoy. The agreement will allow MGM Resorts to leverage Marriott's global distribution platform and loyalty program, while Marriott will gain access to MGM's iconic portfolio of hotels and resorts in key markets.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.maximizemarketresearch.com/request-sample/47478/ 

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

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/47478/

𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐥𝐞𝐚𝐝𝐞𝐫𝐬

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

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/hotels-market/47478/ 

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What segments are covered in Hotels Market report?
Which region is expected to hold the highest share in the Global Hotels Market?
Who are the top key players in the Global Hotels Market?
Which segment held the largest market share in the Global Hotels market by 2023?
What is the market size of the Global Hotels market by 2030?
What was the market size of the Global Hotels market in 2023?

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Hotels Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Hotels Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
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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𝐌𝐀𝐗𝐈𝐌𝐈𝐙𝐄 𝐌𝐀𝐑𝐊𝐄𝐓 𝐑𝐄𝐒𝐄𝐀𝐑𝐂𝐇 𝐏𝐕𝐓. 𝐋𝐓𝐃.

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𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Maximize Market Research is a global Market research and consulting company that provides businesses with insights to foster their growth and competitive advantage. The company specializes in delivering actionable and data-driven research reports tailored to help organizations make informed decisions. With a team of experienced analysts and consultants, Maximize Market Research offers expertise across multiple industries, including healthcare, technology, manufacturing, consumer goods, and more. Their services cover Market sizing, forecasting, competitive analysis, and customer insights, helping clients to address their strategic needs and identify emerging trends. The company emphasizes client success, offering detailed analysis and recommendations that support business transformation and operational excellence. Maximize Market Research also provides custom research services, allowing businesses to get solutions specific to their Market challenges. With a strong global presence, the company serves clients from various sectors, ensuring they stay ahead in a rapidly evolving Market landscape.

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