Hotels Market Set to Reach USD 1.81 Trillion by 2030, Growing at a CAGR of 9.2%

𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐭𝐡𝐞 𝐁𝐨𝐨𝐦𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
The global hotels market is on a rapid growth trajectory, driven by significant investments, mergers, and acquisitions. The industry's expansion is fueled by increased demand for travel, tourism, and luxury stays, particularly in high-demand regions such as Vietnam, Thailand, Singapore, Japan, South Korea, the US, and Europe.

In this press release, we will explore the latest developments, key mergers and acquisitions, and strategic investments shaping the hotels market in these countries.

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

𝐊𝐞𝐲 𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬

1. Vietnam: Major Growth Through Strategic Acquisitions
Vietnam's hotels market is experiencing a surge in mergers and acquisitions as key players expand their footprint. Local and international chains are capitalizing on the country's rising tourism rates. Notable acquisitions in the hospitality sector include the purchase of several luxury resorts by large multinational hotel groups, focusing on expanding their presence in Ho Chi Minh City and Hanoi.

2. Thailand: Hotel Giants Expand with Strategic Partnerships
Thailand remains one of the top destinations for international travelers, and hotel chains are investing heavily. Recent mergers between global and local hotel chains are setting the stage for greater market penetration. For example, Marriott International's acquisition of several boutique hotels in key tourist cities such as Bangkok and Phuket signals the company's aggressive strategy for growth in the region.

3. Singapore: Singapore's Role as a Hotel Market Leader in Southeast Asia
Singapore's luxury hotel market has been revitalized with acquisitions from international hotel brands aiming to capitalize on the city-state's global status as a business and tourism hub. The merger of two leading hotel groups to create a larger portfolio in Singapore is poised to offer more upscale choices for travelers, ensuring steady market growth.

4. Japan & South Korea: Robust M&A Activity in Premium Hotel Segment
Both Japan and South Korea have seen a rise in premium hotel acquisitions, with global players buying stakes in regional luxury hotels. The hospitality market in Japan is shifting towards sophisticated offerings, with international hotel chains making strategic moves to meet rising demand. South Korea has also seen a surge in mergers between local and global hotel brands looking to diversify their offerings.

𝐈𝐧𝐭𝐫𝐢𝐠𝐮𝐞𝐝 𝐭𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬? 𝐒𝐞𝐜𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐡𝐚𝐧𝐝𝐬-𝐨𝐧 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/request-sample/47478/

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐇𝐨𝐭𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭

US: Hospitality Sector to Expand with Continued Hotel M&A
In the US, the hotel industry is embracing consolidation, with major acquisitions focused on both luxury and mid-range hotel properties. Large hotel groups are targeting underdeveloped cities and tourist hotspots as they look to capture greater market share. Noteworthy mergers include Hilton's acquisition of a portfolio of boutique hotels in the Midwest.

Europe: Increasing Focus on Sustainable Hospitality Investments
The European hotel market is undergoing a transformation, with increased emphasis on sustainable and eco-friendly practices. Key mergers have been seen in countries like France, Spain, and Italy, where sustainable hotels are in high demand. For instance, Accor Hotels has acquired several green-certified properties across Europe as part of its commitment to a more sustainable future for the hospitality industry.

𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭

𝐛𝐲 𝐇𝐨𝐭𝐞𝐥 𝐓𝐲𝐩𝐞

Business/ Commercial Hotels
Boutique Hotels
Resort Hotels

Transit Hotels
Bed & Breakfast Hotels
Others

Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others are the different hotel types that make up the market. The business/commercial hotel segment is anticipated to expand at a compound annual growth rate (CAGR) over the course of the projection year. The primary driver of the business/commercial hotel segment's growth in the global market over the projection period is the growing demand from consumers for these lodging options, which offer numerous advantages to patrons.

𝐛𝐲 𝐏𝐫𝐢𝐜𝐞 𝐋𝐞𝐯𝐞𝐥

Luxury
Upscale
Midscale
Economy

The market is divided into four segments based on price level: luxury, upscale, midscale, and economy. Over the course of the projected period, the luxury segment is anticipated to rise quickly at a CAGR. The increase in tourism, increased disposable income, rising living standards, and a growing desire for leisure travel are the main drivers of the luxury market's expansion. These are the main drivers of the global market's expansion throughout the course of the predicted period.

𝐛𝐲 𝐑𝐨𝐨𝐦 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲

Small
Medium
Large
Mega

The market is divided into four segments based on room capacity: small, medium, large, and mega. By 2030, it is anticipated that the small room capacity segment will hold the biggest market shares. Small hotels are characterized by their small rooms, space-saving architecture, and lower-than-average rates, and they are popping up in major cities all over the world. North America is a favorable place for participants in the hotel industry to invest because small hotels are the trend with the biggest share in this region. Small hotels are able to meet the needs of the growing number of millennial travelers who need short-term hotel stays with luxurious interiors and lots of services. The opening of new hotels in in-demand urban areas dominates developments in the hospitality sector.

𝐛𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐨𝐝𝐞𝐥

Individual
Chain

The market is divided into two segments based on the business model: individual and chain. Over the course of the forecast period, the chain business model category is anticipated to rise quickly at a CAGR. By the end of the prediction year 2030, chain hotels' revenue is anticipated to have increased from US$ 74 billion in 2023 to US$ 178.6 billion. This change indicates that players in the hotel industry are investing more and switching from independent to chain hotels. Hotel owners are using cutting-edge digital gadgets and software technology to streamline operational procedures for managers by implementing predictable and inexpensive tariffs for guests, as the trend of chains and franchises is becoming more popular in upscale and midscale hotels.

𝐄𝐱𝐜𝐢𝐭𝐞𝐝 𝐭𝐨 𝐝𝐢𝐯𝐞 𝐢𝐧? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐮𝐧𝐜𝐨𝐯𝐞𝐫 𝐢𝐭𝐬 𝐜𝐨𝐧𝐭𝐞𝐧𝐭𝐬:https://www.maximizemarketresearch.com/request-sample/47478/

𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞:

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

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧:
The Future of the Global Hotels Market
The global hotels market is witnessing dynamic changes, powered by mergers, acquisitions, and new investments across key regions. As travel and tourism continue to rebound, hotel chains are adapting by offering a wider range of properties to meet diverse consumer needs. With major players aggressively expanding their reach, the market is poised for long-term growth, driven by strategic collaborations and increased demand for luxury and sustainable hotel options worldwide.

𝐅𝐨𝐫 𝐝𝐞𝐞𝐩𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐩𝐞𝐫𝐮𝐬𝐞 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭:https://www.maximizemarketresearch.com/market-report/hotels-market/47478/

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐭𝐞𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is Hotels ?
What is the growth rate of the Hotels Market?
What was the Hotels Market size in 2023?
What are the upcoming opportunities and trends for the Hotels Market?
What are the different segments of the Hotels Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Hotels Market?
What segments are covered in the Hotels Market?
Which are the factors expected to drive the Hotels Market growth?
What growth strategies are the players considering to increase their presence in Hotels ?
Who are the leading companies and what are their portfolios in Hotels Market?
Who are the key players in the Hotels market?
What is the CAGR at which the Hotels market will grow during the forecast period?


𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
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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