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.
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.
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
Global Hotels Market: Star Analysis
Global Hotels Market: Type Analysis
Global Hotels Market: Ownership Analysis
Global Hotels Market: Budget Analysis
Global Hotels Market: End-User Analysis
Global Hotels Market: Regional Analysis
List of Figures
1. Global hotels market segmentation
2. Global hotels market, 2018–2026 (USD Billion)
3. Porter’s five forces analysis
4. Global hotels market attractiveness, by size
5. Global hotels market attractiveness, by star
6. Global hotels market attractiveness, by type
7. Global hotels market attractiveness, by ownership
8. Global hotels market attractiveness, by budget
9. Global hotels market attractiveness, by End-user
10. Global hotels market attractiveness, by region
11. Global hotels market share, by size, 2018 & 2026
12. Global hotels market, by Small Hotels, 2018–2026 (USD Billion)
13. Global hotels market, by Medium Hotels, 2018–2026 (USD Billion)
14. Global hotels market, by large hotels and very large hotels, 2018–2026 (USD Billion)
15. Global hotels market share, by star, 2018 & 2026
16. Global hotels market, by 1 and 2 Star, 2018–2026 (USD Billion)
17. Global hotels market, by 3 Star, 2018–2026 (USD Billion)
18. Global hotels market, by 4 Star, 2018–2026 (USD Billion)
19. Global hotels market, by 5 Star, 2018–2026 (USD Billion)
20. Global hotels market share, by type, 2018 & 2026
21. Global hotels market, by business or commercial hotels, 2018–2026 (USD Billion)
22. Global hotels market, by transient hotels, 2018–2026 (USD Billion)
23. Global hotels market, by boutique hotels, 2018–2026 (USD Billion)
24. Global hotels market, by residential hotels, 2018–2026 (USD Billion)
25. Global hotels market, by suite hotels, 2018–2026 (USD Billion)
26. Global hotels market, by bed and breakfast hotels, 2018–2026 (USD Billion)
27. Global hotels market, by casino hotels, 2018–2026 (USD Billion)
28. Global hotels market, by green hotels, 2018–2026 (USD Billion)
29. Global hotels market, by others, 2018–2026 (USD Billion)
30. Global hotels market share, by ownership, 2018 & 2026
31. Global hotels market, by independent hotels, 2018–2026 (USD Billion)
32. Global hotels market, by chain, 2018–2026 (USD Billion)
33. Global hotels market share, by budget, 2018 & 2026
34. Global hotels market, by economy, 2018–2026 (USD Billion)
35. Global hotels market, by luxury, 2018–2026 (USD Billion)
36. Global hotels market, by elite, 2018–2026 (USD Billion)
37. Global hotels market share, by End-user, 2018 & 2026
38. Global hotels market for leisure, 2018–2026 (USD Billion)
39. Global hotels market for business, 2018–2026 (USD Billion)
40. Global hotels market share, by region, 2018 & 2026
41. North America hotels market, 2018–2026 (USD Billion)
42. Europe hotels market, 2018–2026 (USD Billion)
43. Asia Pacific hotels market, 2018–2026 (USD Billion)
44. Latin America hotels market, 2018–2026 (USD Billion)
45. The Middle East and Africa hotels market, 2018–2026 (USD Billion)
List of Tables
1. Global hotels market: snapshot
2. Drivers for hotels market: Impact analysis
3. Restraints of hotels market: Impact analysis
4. North America hotels market revenue, by size, 2018–2026 (USD Billion)
5. North America hotels market revenue, by star, 2018–2026 (USD Billion)
6. North America hotels market revenue, by type, 2018–2026 (USD Billion)
7. North America hotels market revenue, by ownership, 2018–2026 (USD Billion)
8. North America hotels market revenue, by budget, 2018–2026 (USD Billion)
9. North America hotels market revenue, by End-user, 2018–2026 (USD Billion)
10. The U.S. hotels market revenue, by size, 2018–2026 (USD Billion)
11. The U.S. hotels market revenue, by star, 2018–2026 (USD Billion)
12. The U.S. hotels market revenue, by type, 2018–2026 (USD Billion)
13. The U.S. hotels market revenue, by ownership, 2018–2026 (USD Billion)
14. The U.S. hotels market revenue, by budget, 2018–2026 (USD Billion)
15. The U.S. hotels market revenue, by End-user, 2018–2026 (USD Billion)
16. Rest of North America hotels market revenue, by size, 2018–2026 (USD Billion)
17. Rest of North America hotels market revenue, by star, 2018–2026 (USD Billion)
18. Rest of North America hotels market revenue, by type, 2018–2026 (USD Billion)
19. Rest of North America hotels market revenue, by ownership, 2018–2026 (USD Billion)
20. Rest of North America hotels market revenue, by budget, 2018–2026 (USD Billion)
21. Rest of North America hotels market revenue, by End-user, 2018–2026 (USD Billion)
22. Europe hotels market revenue, by size, 2018–2026 (USD Billion)
23. Europe hotels market revenue, by star, 2018–2026 (USD Billion)
24. Europe hotels market revenue, by type, 2018–2026 (USD Billion)
25. Europe hotels market revenue, by ownership, 2018–2026 (USD Billion)
26. Europe hotels market revenue, by budget, 2018–2026 (USD Billion)
27. Europe hotels market revenue, by End-user, 2018–2026 (USD Billion)
28. UK hotels market revenue, by size, 2018–2026 (USD Billion)
29. UK hotels market revenue, by star, 2018–2026 (USD Billion)
30. UK hotels market revenue, by type, 2018–2026 (USD Billion)
31. UK hotels market revenue, by ownership, 2018–2026 (USD Billion)
32. UK hotels market revenue, by budget, 2018–2026 (USD Billion)
33. UK hotels market revenue, by End-user, 2018–2026 (USD Billion)
34. France hotels market revenue, by size, 2018–2026 (USD Billion)
35. France hotels market revenue, by star, 2018–2026 (USD Billion)
36. France hotels market revenue, by type, 2018–2026 (USD Billion)
37. France hotels market revenue, by ownership, 2018–2026 (USD Billion)
38. France hotels market revenue, by budget, 2018–2026 (USD Billion)
39. France hotels market revenue, by End-user, 2018–2026 (USD Billion)
40. Germany hotels market revenue, by size, 2018–2026 (USD Billion)
41. Germany hotels market revenue, by star, 2018–2026 (USD Billion)
42. Germany hotels market revenue, by type, 2018–2026 (USD Billion)
43. Germany hotels market revenue, by ownership, 2018–2026 (USD Billion)
44. Germany hotels market revenue, by budget, 2018–2026 (USD Billion)
45. Germany hotels market revenue, by End-user, 2018–2026 (USD Billion)
46. Rest of Europe hotels market revenue, by size, 2018–2026 (USD Billion)
47. Rest of Europe hotels market revenue, by star, 2018–2026 (USD Billion)
48. Rest of Europe hotels market revenue, by type, 2018–2026 (USD Billion)
49. Rest of Europe hotels market revenue, by ownership, 2018–2026 (USD Billion)
50. Rest of Europe hotels market revenue, by budget, 2018–2026 (USD Billion)
51. Rest of Europe hotels market revenue, by End-user, 2018–2026 (USD Billion)
52. Asia Pacific hotels market revenue, by size, 2018–2026 (USD Billion)
53. Asia Pacific hotels market revenue, by star, 2018–2026 (USD Billion)
54. Asia Pacific hotels market revenue, by type, 2018–2026 (USD Billion)
55. Asia Pacific hotels market revenue, by ownership, 2018–2026 (USD Billion)
56. Asia Pacific hotels market revenue, by budget, 2018–2026 (USD Billion)
57. Asia Pacific hotels market revenue, by End-user, 2018–2026 (USD Billion)
58. China hotels market revenue, by size, 2018–2026 (USD Billion)
59. China hotels market revenue, by star, 2018–2026 (USD Billion)
60. China hotels market revenue, by type, 2018–2026 (USD Billion)
61. China hotels market revenue, by ownership, 2018–2026 (USD Billion)
62. China hotels market revenue, by budget, 2018–2026 (USD Billion)
63. China hotels market revenue, by End-user, 2018–2026 (USD Billion)
64. Japan hotels market revenue, by size, 2018–2026 (USD Billion)
65. Japan hotels market revenue, by star, 2018–2026 (USD Billion)
66. Japan hotels market revenue, by type, 2018–2026 (USD Billion)
67. Japan hotels market revenue, by ownership, 2018–2026 (USD Billion)
68. Japan hotels market revenue, by budget, 2018–2026 (USD Billion)
69. Japan hotels market revenue, by End-user, 2018–2026 (USD Billion)
70. India hotels market revenue, by size, 2018–2026 (USD Billion)
71. India hotels market revenue, by star, 2018–2026 (USD Billion)
72. India hotels market revenue, by type, 2018–2026 (USD Billion)
73. India hotels market revenue, by ownership, 2018–2026 (USD Billion)
74. India hotels market revenue, by budget, 2018–2026 (USD Billion)
75. India hotels market revenue, by End-user, 2018–2026 (USD Billion)
76. Rest of Asia Pacific hotels market revenue, by size, 2018–2026 (USD Billion)
77. Rest of Asia Pacific hotels market revenue, by star, 2018–2026 (USD Billion)
78. Rest of Asia Pacific hotels market revenue, by type, 2018–2026 (USD Billion)
79. Rest of Asia Pacific hotels market revenue, by ownership, 2018–2026 (USD Billion)
80. Rest of Asia Pacific hotels market revenue, by budget, 2018–2026 (USD Billion)
81. Rest of Asia Pacific hotels market revenue, by End-user, 2018–2026 (USD Billion)
82. Latin America hotels market revenue, by size, 2018–2026 (USD Billion)
83. Latin America hotels market revenue, by star, 2018–2026 (USD Billion)
84. Latin America hotels market revenue, by type, 2018–2026 (USD Billion)
85. Latin America hotels market revenue, by ownership, 2018–2026 (USD Billion)
86. Latin America hotels market revenue, by budget, 2018–2026 (USD Billion)
87. Latin America hotels market revenue, by End-user, 2018–2026 (USD Billion)
88. Brazil hotels market revenue, by size, 2018–2026 (USD Billion)
89. Brazil hotels market revenue, by star, 2018–2026 (USD Billion)
90. Brazil hotels market revenue, by type, 2018–2026 (USD Billion)
91. Brazil hotels market revenue, by ownership, 2018–2026 (USD Billion)
92. Brazil hotels market revenue, by budget, 2018–2026 (USD Billion)
93. Brazil hotels market revenue, by End-user, 2018–2026 (USD Billion)
94. Rest of Latin America hotels market revenue, by size, 2018–2026 (USD Billion)
95. Rest of Latin America hotels market revenue, by star, 2018–2026 (USD Billion)
96. Rest of Latin America hotels market revenue, by type, 2018–2026 (USD Billion)
97. Rest of Latin America hotels market revenue, by ownership, 2018–2026 (USD Billion)
98. Rest of Latin America hotels market revenue, by budget, 2018–2026 (USD Billion)
99. Rest of Latin America hotels market revenue, by End-user, 2018–2026 (USD Billion)
100. The Middle East and Africa hotels market revenue, by size, 2018–2026 (USD Billion)
101. The Middle East and Africa hotels market revenue, by star, 2018–2026 (USD Billion)
102. The Middle East and Africa hotels market revenue, by type, 2018–2026 (USD Billion)
103. The Middle East and Africa hotels market revenue, by ownership, 2018–2026 (USD Billion)
104. The Middle East and Africa hotels market revenue, by budget, 2018–2026 (USD Billion)
105. The Middle East and Africa hotels market revenue, by End-user, 2018–2026 (USD Billion)
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.
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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