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Hotels Market by Size (Small Hotels, Medium Hotels, and Large Hotels and Very Large Hotels), by Star (1 and 2 Star, 3 Star, 4 Star, and 5 Star), by Type (Business or Commercial Hotels, Transient Hotels, Boutique Hotels, Residential Hotels, Suite Hotels, Bed and Breakfast Hotels, Casino Hotels, Green Hotels, and Others), by Ownership (Independent Hotels and Chain), by Budget (Economy, Luxury, and Elite), and by End-User (Leisure and Business): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026

Published Date: 07-Mar-2019 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-3893 Status : Published

Global hotels market expected to generate around USD 211.54 billion by 2026, at a CAGR of around 4.6% between 2019 and 2026. The growing hospitality industry has resulted in the rising number of restaurants and hotels, which is expected to hotels market growth.

Description

The report encloses a forecast and current estimates for hotels market on a global and regional level. The study provides the data for 2018 and the forecast period from 2019 to 2026 based on revenue. The revenue of hotels market is measured in USD Billion. The study also provides the impact and the descriptive analysis of major drivers, restraints, and opportunities of the global hotels market.

The study also offers the market attractiveness and Porter’s Five Forces model analysis to gauge the competitive landscape of major vendors of the global hotels market. This comprehensive study also provides a detailed analysis and overview of each segment included in the study.

Global Hotels Market

The report concludes the size, star, type, ownership, budget, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2026. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key players operating in the global hotels market include AccorHotels, Best Western International, Inc., China Lodging Group, Limited, Choice Hotels International, Inc., citizenM, Hilton, Hyatt Corporation, InterContinental Hotels Group, ITC Hotels, Jumeirah International LLC, Magnuson Hotels, Marriott International, Inc., NH Hotel Group Santa Engracia, Radisson Hotel Group, Shanghai Jin Jiang International Hotels (Group) Company Limited, The Indian Hotels Company Limited, Westmont Hospitality Group, and Wyndham Hotels & Resorts, Inc.

This report segments the global hotels market into:

Global Hotels Market: Size Analysis

  • Small Hotels
  • Medium Hotels
  • Large Hotels and Very Large Hotels

Global Hotels Market: Star Analysis

  • 1 and 2 Star
  • 3 Star
  • 4 Star
  • 5 Star

Global Hotels Market: Type Analysis

  • Business or Commercial Hotels
  • Transient Hotels
  • Boutique Hotels
  • Residential Hotels
  • Suite Hotels
  • Bed and Breakfast Hotels
  • Casino Hotels
  • Green Hotels
  • Others

Global Hotels Market: Ownership Analysis

  • Independent Hotels
  • Chain

Global Hotels Market: Budget Analysis

  • Economy
  • Luxury
  • Elite

Global Hotels Market: End-User Analysis

  • Leisure
  • Business

Global Hotels Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research scope
    • 1.3. Market Research Methodology
      • 1.3.1. Level 1: Primary Research
      • 1.3.2. Level 2: Secondary Research
      • 1.3.3. Level 3: Data Validation and Expert Panel Assessment
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Hotels market, 2018-2026 (USD Billion)
    • 2.2. Hotels: Market Snapshot
  •  
  • Chapter 3. Hotels Market - Industry Analysis
    • 3.1. Introduction
      • 3.1.1. Classification of Hotels
      • 3.1.2. Key Trend Analysis
    • 3.2. Market Drivers
      • 3.2.1. Rising disposable income of people
      • 3.2.2. Flourishing travel and tourism industry
    • 3.3. Restraints
      • 3.3.1. High costs of innovation and development
    • 3.4. Opportunity
      • 3.4.1. Emergence of new types of luxury hotels
    • 3.5. Porter's Five Forces Analysis
    • 3.6. PESTLE Analysis
    • 3.7. SWOT Analysis
    • 3.8. Attractiveness Investment Proposition
      • 3.8.1. Market Attractiveness Analysis by Size
      • 3.8.2. Market Attractiveness Analysis by Star
      • 3.8.3. Market Attractiveness Analysis by Type
      • 3.8.4. Market Attractiveness Analysis by Ownership
      • 3.8.5. Market Attractiveness Analysis by Budget
      • 3.8.6. Market Attractiveness Analysis by End-user
      • 3.8.7. Market Attractiveness Analysis by Region
  •  
  • Chapter 4. Global Hotels Market - Competitive Landscape
    • 4.1. Strategic Development
      • 4.1.1. Acquisitions & Mergers
      • 4.1.2. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.1.3. Research and Development and Regional Expansion
  •  
  • Chapter 5. Hotels Market - Size Analysis
    • 5.1. Global Hotels Market Share, by Size, 2018 and 2026
    • 5.2. Small Hotels
      • 5.2.1. Overview
      • 5.2.2. Global hotels market by Small Hotels, 2018-2026 (USD Billion)
    • 5.3. Medium Hotels
      • 5.3.1. Overview
      • 5.3.2. Global hotels market by Medium Hotels, 2018-2026 (USD Billion)
    • 5.4. Large Hotels and Very Large Hotels
      • 5.4.1. Overview
      • 5.4.2. Global hotels market by large hotels and very large hotels, 2018-2026 (USD Billion)
  •  
  • Chapter 6. Global Hotels Market: Star Analysis
    • 6.1. Global Hotels Market Share, by Star, 2018 and 2026
    • 6.2. 1 and 2 Star
      • 6.2.1. Overview
      • 6.2.2. Global hotels market by 1 and 2 Star, 2018-2026 (USD Billion)
    • 6.3. 3 Star
      • 6.3.1. Overview
      • 6.3.2. Global hotels market by 3 Star, 2018-2026 (USD Billion)
    • 6.4. 4 Star
      • 6.4.1. Overview
      • 6.4.2. Global hotels market by 4 Star, 2018-2026 (USD Billion)
    • 6.5. 5 Star
      • 6.5.1. Overview
      • 6.5.2. Global hotels market by 5 Star, 2018-2026 (USD Billion)
  •  
  • Chapter 7. Global Hotels Market: Type Analysis
    • 7.1. Global Hotels Market Share, by Type, 2018 and 2026
    • 7.2. Business or Commercial Hotels
      • 7.2.1. Overview
      • 7.2.2. Global hotels market by business or commercial hotels, 2018-2026 (USD Billion)
    • 7.3. Transient Hotels
      • 7.3.1. Overview
      • 7.3.2. Global hotels market by transient hotels, 2018-2026 (USD Billion)
    • 7.4. Boutique Hotels
      • 7.4.1. Overview
      • 7.4.2. Global hotels market by boutique hotels, 2018-2026 (USD Billion)
    • 7.5. Residential Hotels
      • 7.5.1. Overview
      • 7.5.2. Global hotels market by residential hotels, 2018-2026 (USD Billion)
    • 7.6. Suite Hotels
      • 7.6.1. Overview
      • 7.6.2. Global hotels market by suite hotels, 2018-2026 (USD Billion)
    • 7.7. Bed and Breakfast Hotels
      • 7.7.1. Overview
      • 7.7.2. Global hotels market by bed and breakfast hotels, 2018-2026 (USD Billion)
    • 7.8. Casino Hotels
      • 7.8.1. Overview
      • 7.8.2. Global hotels market by casino hotels, 2018-2026 (USD Billion)
    • 7.9. Green Hotels
      • 7.9.1. Overview
      • 7.9.2. Global hotels market by green hotels, 2018-2026 (USD Billion)
    • 7.10. Others
      • 7.10.1. Overview
      • 7.10.2. Global hotels market by others, 2018-2026 (USD Billion)
  •  
  • Chapter 8. Global Hotels Market: Ownership Analysis
    • 8.1. Global Hotels Market Share, by Ownership, 2018 and 2026
    • 8.2. Independent Hotels
      • 8.2.1. Overview
      • 8.2.2. Global hotels market by independent hotels, 2018-2026 (USD Billion)
    • 8.3. Chain
      • 8.3.1. Overview
      • 8.3.2. Global hotels market by chain, 2018-2026 (USD Billion)
  •  
  • Chapter 9. Global Hotels Market: Budget Analysis
    • 9.1. Global Hotels Market Share, by Budget, 2018 and 2026
    • 9.2. Economy
      • 9.2.1. Overview
      • 9.2.2. Global hotels market by economy, 2018-2026 (USD Billion)
    • 9.3. Luxury
      • 9.3.1. Overview
      • 9.3.2. Global hotels market by luxury, 2018-2026 (USD Billion)
    • 9.4. Elite
      • 9.4.1. Overview
      • 9.4.2. Global hotels market by elite, 2018-2026 (USD Billion)
  •  
  • Chapter 10. Global Hotels Market: End-user Analysis
    • 10.1. Global Hotels Market Share, by End-user, 2018 and 2026
    • 10.2. Leisure
      • 10.2.1. Overview
      • 10.2.2. Global hotels market for leisure, 2018-2026 (USD Billion)
    • 10.3. Business
      • 10.3.1. Overview
      • 10.3.2. Global hotels market for business, 2018-2026 (USD Billion)
  •  
  • Chapter 11. Hotels Market - Regional Analysis
    • 11.1. Global Hotels Market: Regional Overview
      • 11.1.1. Global Hotels Market Share, by Region, 2018 and 2026
    • 11.2. North America
      • 11.2.1. Overview
      • 11.2.2. North America hotels market, 2018-2026 (USD Billion)
      • 11.2.3. North America hotels market revenue, by size, 2018-2026 (USD Billion)
      • 11.2.4. North America hotels market revenue, by star, 2018-2026 (USD Billion)
      • 11.2.5. North America hotels market revenue, by type, 2018-2026 (USD Billion)
      • 11.2.6. North America hotels market revenue, by ownership, 2018-2026 (USD Billion)
      • 11.2.7. North America hotels market revenue, by budget, 2018-2026 (USD Billion)
      • 11.2.8. North America hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.2.9. The U.S.
        • 11.2.9.1. The U.S. hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.2.9.2. The U.S. hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.2.9.3. The U.S. hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.2.9.4. The U.S. hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.2.9.5. The U.S. hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.2.9.6. The U.S. hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.2.10. Rest of North America
        • 11.2.10.1. Rest of North America hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.2.10.2. Rest of North America hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.2.10.3. Rest of North America hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.2.10.4. Rest of North America hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.2.10.5. Rest of North America hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.2.10.6. Rest of North America hotels market revenue, by End-user, 2018-2026 (USD Billion)
    • 11.3. Europe
      • 11.3.1. Overview
      • 11.3.2. Europe hotels market, 2018-2026 (USD Billion)
      • 11.3.3. Europe hotels market revenue, by size, 2018-2026 (USD Billion)
      • 11.3.4. Europe hotels market revenue, by star, 2018-2026 (USD Billion)
      • 11.3.5. Europe hotels market revenue, by type, 2018-2026 (USD Billion)
      • 11.3.6. Europe hotels market revenue, by ownership, 2018-2026 (USD Billion)
      • 11.3.7. Europe hotels market revenue, by budget, 2018-2026 (USD Billion)
      • 11.3.8. Europe hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.3.9. UK
        • 11.3.9.1. UK hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.3.9.2. UK hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.3.9.3. UK hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.3.9.4. UK hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.3.9.5. UK hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.3.9.6. UK hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.3.10. France
        • 11.3.10.1. France hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.3.10.2. France hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.3.10.3. France hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.3.10.4. France hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.3.10.5. France hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.3.10.6. France hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.3.11. Germany
        • 11.3.11.1. Germany hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.3.11.2. Germany hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.3.11.3. Germany hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.3.11.4. Germany hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.3.11.5. Germany hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.3.11.6. Germany hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.3.12. Rest of Europe
        • 11.3.12.1. Rest of Europe hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.3.12.2. Rest of Europe hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.3.12.3. Rest of Europe hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.3.12.4. Rest of Europe hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.3.12.5. Rest of Europe hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.3.12.6. Rest of Europe hotels market revenue, by End-user, 2018-2026 (USD Billion)
    • 11.4. Asia Pacific
      • 11.4.1. Overview
      • 11.4.2. Asia-Pacific hotels market, 2018-2026 (USD Billion)
      • 11.4.3. Asia-Pacific hotels market revenue, by size, 2018-2026 (USD Billion)
      • 11.4.4. Asia-Pacific hotels market revenue, by star, 2018-2026 (USD Billion)
      • 11.4.5. Asia-Pacific hotels market revenue, by type, 2018-2026 (USD Billion)
      • 11.4.6. Asia-Pacific hotels market revenue, by ownership, 2018-2026 (USD Billion)
      • 11.4.7. Asia-Pacific hotels market revenue, by budget, 2018-2026 (USD Billion)
      • 11.4.8. Asia-Pacific hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.4.9. China
        • 11.4.9.1. China hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.4.9.2. China hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.4.9.3. China hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.4.9.4. China hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.4.9.5. China hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.4.9.6. China hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.4.10. Japan
        • 11.4.10.1. Japan hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.4.10.2. Japan hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.4.10.3. Japan hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.4.10.4. Japan hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.4.10.5. Japan hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.4.10.6. Japan hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.4.11. India
        • 11.4.11.1. India hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.4.11.2. India hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.4.11.3. India hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.4.11.4. India hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.4.11.5. India hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.4.11.6. India hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.4.12. Rest of Asia Pacific
        • 11.4.12.1. Rest of Asia Pacific hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.4.12.2. Rest of Asia Pacific hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.4.12.3. Rest of Asia Pacific hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.4.12.4. Rest of Asia Pacific hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.4.12.5. Rest of Asia Pacific hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.4.12.6. Rest of Asia Pacific hotels market revenue, by End-user, 2018-2026 (USD Billion)
    • 11.5. Latin America
      • 11.5.1. Overview
      • 11.5.2. Latin America hotels market, 2018-2026 (USD Billion)
      • 11.5.3. Latin America hotels market revenue, by size, 2018-2026 (USD Billion)
      • 11.5.4. Latin America hotels market revenue, by star, 2018-2026 (USD Billion)
      • 11.5.5. Latin America hotels market revenue, by type, 2018-2026 (USD Billion)
      • 11.5.6. Latin America hotels market revenue, by ownership, 2018-2026 (USD Billion)
      • 11.5.7. Latin America hotels market revenue, by budget, 2018-2026 (USD Billion)
      • 11.5.8. Latin America hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.5.9. Brazil
        • 11.5.9.1. Brazil hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.5.9.2. Brazil hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.5.9.3. Brazil hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.5.9.4. Brazil hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.5.9.5. Brazil hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.5.9.6. Brazil hotels market revenue, by End-user, 2018-2026 (USD Billion)
      • 11.5.10. Rest of Latin America
        • 11.5.10.1. Rest of Latin America hotels market revenue, by size, 2018-2026 (USD Billion)
        • 11.5.10.2. Rest of Latin America hotels market revenue, by star, 2018-2026 (USD Billion)
        • 11.5.10.3. Rest of Latin America hotels market revenue, by type, 2018-2026 (USD Billion)
        • 11.5.10.4. Rest of Latin America hotels market revenue, by ownership, 2018-2026 (USD Billion)
        • 11.5.10.5. Rest of Latin America hotels market revenue, by budget, 2018-2026 (USD Billion)
        • 11.5.10.6. Rest of Latin America hotels market revenue, by End-user, 2018-2026 (USD Billion)
    • 11.6. The Middle East and Africa
      • 11.6.1. Overview
      • 11.6.2. The Middle East and Africa hotels market, 2018-2026 (USD Billion)
      • 11.6.3. The Middle East and Africa hotels market revenue, by size, 2018-2026 (USD Billion)
      • 11.6.4. The Middle East and Africa hotels market revenue, by star, 2018-2026 (USD Billion)
      • 11.6.5. The Middle East and Africa hotels market revenue, by type, 2018-2026 (USD Billion)
      • 11.6.6. The Middle East and Africa hotels market revenue, by ownership, 2018-2026 (USD Billion)
      • 11.6.7. The Middle East and Africa hotels market revenue, by budget, 2018-2026 (USD Billion)
      • 11.6.8. The Middle East and Africa hotels market revenue, by End-user, 2018-2026 (USD Billion)
  •  
  • Chapter 12. Company Profiles
    • 12.1. AccorHotels
      • 12.1.1. Overview
      • 12.1.2. Financials
      • 12.1.3. Product portfolio
      • 12.1.4. Business strategy
      • 12.1.5. Recent developments
    • 12.2. Best Western International, Inc.
      • 12.2.1. Overview
      • 12.2.2. Financials
      • 12.2.3. Product portfolio
      • 12.2.4. Business strategy
      • 12.2.5. Recent developments
    • 12.3. China Lodging Group, Limited
      • 12.3.1. Overview
      • 12.3.2. Financials
      • 12.3.3. Product portfolio
      • 12.3.4. Business strategy
      • 12.3.5. Recent developments
    • 12.4. Choice Hotels International, Inc.
      • 12.4.1. Overview
      • 12.4.2. Financials
      • 12.4.3. Product portfolio
      • 12.4.4. Business strategy
      • 12.4.5. Recent developments
    • 12.5. citizenM
      • 12.5.1. Overview
      • 12.5.2. Financials
      • 12.5.3. Product portfolio
      • 12.5.4. Business strategy
      • 12.5.5. Recent developments
    • 12.6. Hilton
      • 12.6.1. Overview
      • 12.6.2. Financials
      • 12.6.3. Product portfolio
      • 12.6.4. Business strategy
      • 12.6.5. Recent developments
    • 12.7. Hyatt Corporation
      • 12.7.1. Overview
      • 12.7.2. Financials
      • 12.7.3. Product portfolio
      • 12.7.4. Business strategy
      • 12.7.5. Recent developments
    • 12.8. InterContinental Hotels Group
      • 12.8.1. Overview
      • 12.8.2. Financials
      • 12.8.3. Product portfolio
      • 12.8.4. Business strategy
      • 12.8.5. Recent developments
    • 12.9. ITC Hotels
      • 12.9.1. Overview
      • 12.9.2. Financials
      • 12.9.3. Product portfolio
      • 12.9.4. Business strategy
      • 12.9.5. Recent developments
    • 12.10. Jumeirah International LLC
      • 12.10.1. Overview
      • 12.10.2. Financials
      • 12.10.3. Product portfolio
      • 12.10.4. Business strategy
      • 12.10.5. Recent developments
    • 12.11. Magnuson Hotels
      • 12.11.1. Overview
      • 12.11.2. Financials
      • 12.11.3. Product portfolio
      • 12.11.4. Business strategy
      • 12.11.5. Recent developments
    • 12.12. Marriott International, Inc.
      • 12.12.1. Overview
      • 12.12.2. Financials
      • 12.12.3. Product portfolio
      • 12.12.4. Business strategy
      • 12.12.5. Recent developments
    • 12.13. NH Hotel Group Santa Engracia
      • 12.13.1. Overview
      • 12.13.2. Financials
      • 12.13.3. Product portfolio
      • 12.13.4. Business strategy
      • 12.13.5. Recent developments
    • 12.14. Radisson Hotel Group
      • 12.14.1. Overview
      • 12.14.2. Financials
      • 12.14.3. Product portfolio
      • 12.14.4. Business strategy
      • 12.14.5. Recent developments
    • 12.15. Shanghai Jin Jiang International Hotels (Group) Company Limited
      • 12.15.1. Overview
      • 12.15.2. Financials
      • 12.15.3. Product portfolio
      • 12.15.4. Business strategy
      • 12.15.5. Recent developments
    • 12.16. The Indian Hotels Company Limited
      • 12.16.1. Overview
      • 12.16.2. Financials
      • 12.16.3. Product portfolio
      • 12.16.4. Business strategy
      • 12.16.5. Recent developments
    • 12.17. Westmont Hospitality Group
      • 12.17.1. Overview
      • 12.17.2. Financials
      • 12.17.3. Product portfolio
      • 12.17.4. Business strategy
      • 12.17.5. Recent developments
    • 12.18. Wyndham Hotels & Resorts, Inc.
      • 12.18.1. Overview
      • 12.18.2. Financials
      • 12.18.3. Product portfolio
      • 12.18.4. Business strategy
      • 12.18.5. Recent developments

Methodology

Free Analysis

The hotel industry is a major sector that drives the growth of the hospitality sector substantially. Luxury hotels provide a comfortable stay for tourists and travelers alike along with offering various services, such as swimming pool, fitness center and spa. Luxury hotels have been experiencing significant growth in recent years owing to the rising number of business travelers globally. Changing customer preferences and up gradation in the services provided by hoteliers are expected to drive the global hotels market over the forecast time period. Growing travel and tourism industry is the major factor fueling the hotels market globally. Moreover, the large number of multinational corporations opening their facilities and subsidiaries globally has also augmented the number of business travelers, which, in turn, is propelling the hotels market. The major firms in the hotels market are focusing on improving the customer service experience and increase the number of revisits.

The growing hospitality industry has resulted in the rising number of restaurants and hotels, which is expected to hotels market growth. The development of the travel and tourism industry has played a major role in the development of the hospitality industry and the hotels market. People travel from one place to another for various reasons, such as business trips, visits to relatives and friends, pilgrimages, for recreation and educational purposes, and to get access to quality healthcare facilities. Food and accommodation for people are taken care of by the hospitality industry. Hence, hospitality and tourism services are dependent on each other which, in turn, are expected to drive the hotels market growth over the forecast timeframe.

Global Hotels Market

Based on size, the hotels market is segmented into small hotels, medium hotels, and large hotels and very large hotels. On the basis of the star, the market is segmented into 1 and 2 Star, 3 Star, 4 Star, and 5 Star. Based on the type, the market is segmented into business or commercial hotels, transient hotels, boutique hotels, residential hotels, suite hotels, bed and breakfast hotels, casino hotels, green hotels, and others. On the basis of ownership, the market is segmented into independent hotels and chain. On the basis of budget, the market is categorized into the economy, luxury, and elite. The end-user segment includes leisure and business.

By region, Europe held a major revenue share of the global hotels market in 2018. This can be due to the increasing number of hotels and restaurants across the region and the rising government initiatives for the promotion of tourism, by spreading awareness regarding the architectural or historical significance of the region. The Asia Pacific is predicted to grow at the fastest rate over the forecast time period, owing to the rising disposable income mostly in emerging countries, such as India and China.

Some key players operating in the global hotels market include AccorHotels, Best Western International, Inc., China Lodging Group, Limited, Choice Hotels International, Inc., citizenM, Hilton, Hyatt Corporation, InterContinental Hotels Group, ITC Hotels, Jumeirah International LLC, Magnuson Hotels, Marriott International, Inc., NH Hotel Group Santa Engracia, Radisson Hotel Group, Shanghai Jin Jiang International Hotels (Group) Company Limited, The Indian Hotels Company Limited, Westmont Hospitality Group, and Wyndham Hotels & Resorts, Inc.

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