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Published Date: 2015-07-20Number of Pages: 98

Hotels Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

The hotels market, being a pivotal part of the tourism and hospitality industries, is directly impacted by the prevailing conditions in the latter. With consumers spending progressively more on travel for both work and leisure, the hotels market is expected to exhibit steady growth over the forecast period of the current report. Moreover, the hotels market caters to consumers with varying budgets, making the market exceptionally large and diverse in nature. 

With consumers aspiring for a more luxurious experience even from budget hotels, facilities such as conference rooms, business centers, swimming pool, childcare, social function services etc. help hotels secure a competitive edge in the market. Differentiating their offerings from their competitors being the need of the hour, companies in the hotel market are now adopting competitive strategies to brand themselves uniquely. However, the fickle political environment currently prevailing in several countries is hampering the growth of the hotels market. 

The present report systematically segments the global hotels market on the basis of important criteria such as type and geography. Basis type, the market can be broadly classified into 1-, 2-, 3-, 4-, and 5-star hotels and unrated hotels. Likewise, by using geography as a segmentation criteria, the market has been divided into North America, Europe, Asia Pacific, and Rest of the World.

With a forecast period ranging from 2015 to 2021, the report highlights all the important market drivers, restraints, opportunities, and trends that will impact the hotels market’s future standing. 

Overview of the Global Hotels Market

The report projects the global hotels market to reach an estimated valuation of US$702.74 bn by 2021, up from its 2014 valuation of US$534.02 bn. To provide accurate estimates about the market’s growth, the report takes into consideration numerous hotels located across major countries and their revenue. The report states that the 3-star segment held the largest share in the global hotels market as of 2014. The unrated hotels segment is expected to exhibit the fastest growth rate over the report’s forecast period because of the mounting demand for budget hotels.

According to the report, the growth prospects of the hotels market in Europe cannot be described as exciting because the region is likely to witness sluggish growth. Currently, countries such as Germany, France, and Italy are contributing sizably to the growth of the European hotels market.  The UAE, a leading region in the global hotels market, will see the highest revenue coming in from the 4-star hotels segment over the report’s forecasting horizon.

North America is the largest market for hotels worldwide and will also continue to grow at the swiftest pace through 2021. The travel and tourism industry in North America has been on an upswing following the 2008 recession, creating fresh demand for hotels. In North America, the United States was the largest market for hotels. 

The report also delves on the untapped potential that prevails in the Asia Pacific hotels market, with countries such as Singapore, South Korea, China, and India showing dramatic economic growth. The report pegs Singapore as the fastest-growing market in the APAC hotels market. 

Companies Mentioned in the Hotels Market Report

The report on the global hotels market provides a competitive overview of the companies that rake in the highest revenue. The entities profiled for this purpose include: Hilton Worldwide Holdings Inc., InterContinental Hotels Group Plc, Marriott International Inc., Accor Group, Starwood Hotels and Resorts Worldwide, Inc., ITC Ltd., Indian Hotels Co Ltd., Atlantis The Palm Limited, Jumeirah International LLC, and Four Seasons Holdings Inc. 

Global Hotels Market: By Type 

  • 1 Star
  • 2 Star
  • 3 Star
  • 4 Star
  • 5 Star
  • Unrated

Global Hotels Market: By Geography

  • North America

    • U.S.
    • Canada
    • Rest of North America
  • Europe

    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific

    • India
    • China
    • South Korea
    • Singapore
    • Rest of Asia Pacific
  • Rest of the World

    • Brazil
    • UAE
    • Saudi Arabia
    • Others

 

Chapter 1 Preface

1.1 Report Description

1.2 Research scope

1.3 Research methodology

 

Chapter 2 Executive Summary

2.1 Global Hotels Market Snapshot

2.2 Global Hotels Market Revenue, 2014-2021 (USD Billion) and Year on Year Growth (%)

 

Chapter 3 Global Hotels Market Overview

3.1 Introduction

3.2 Market Dynamics

       3.2.1 Drivers

3.2.1.1 Increasing expenditure on travel and tourism

3.2.1.2 Segmented offerings from major players

3.2.1.3 Growing tourism industry

3.2.2 Restraints

3.2.2.1 Unstable political environment

3.2.2.2 Natural disasters

3.2.3 Opportunity

3.2.3.1 Untapped opportunities in the luxury hotels segment

3.3 Market Attractiveness Analysis for Global Hotels Market

3.4 Competitive Landscape

3.4.1 Market Positioning of Key Brands, 2014

3.4.1.1 U.S. Brand Share, 2014

3.4.1.2 Canada Brand Share, 2014

3.4.1.3 U.K. Brand Share, 2014

3.4.1.4 Germany Brand Share, 2014

3.4.1.5 France Brand Share, 2014

3.4.1.6 India Brand Share, 2014

3.4.1.7 China Brand Share, 2014

3.4.1.8 South Korea Brand Share, 2014

3.4.1.9 Singapore Brand Share, 2014

3.4.1.10 Saudi Arabia Brand Share, 2014

3.4.1.11 United Arab Emirates Brand Share, 2014

3.4.1.12 Brazil Brand Share, 2014

 

Chapter 4 Global Hotels Market Revenue, by Type, 2014 – 2021

4.1 Overview

4.1.1 Revenue, 2014 – 2021 (USD billion)
4.1.2 Y-o-Y Growth, 2015 – 2021 (Value %)
4.1.3 Market Share, 2014 – 2021 (%)

4.2 1 Star

4.3 2 Star

4.4 3 Star

4.5 4 Star

4.6 5 Star

4.7 Unrated

 

Chapter 5 Global Hotels Market Revenue, by Geography, 2014 – 2021

5.1 Overview

5.1.1 Revenue, 2014 – 2021 (USD billion)

5.1.2 Y-o-Y Growth, 2015-2021 (Value %)

5.1.3 Market Share, 2014 – 2021

5.2 North America

5.2.1 U.S.

5.2.2 Canada

5.2.3 Rest of North America

5.3 Europe

5.3.1 U.K.

5.3.2 Germany

5.3.3 France

5.3.4 Rest of Europe

5.4 Asia Pacific

5.4.1 India

5.4.2 China

5.4.3 South Korea

5.4.4 Singapore

5.4.5 Rest of Asia Pacific

5.5 Rest of the World

5.5.1 Saudi Arabia

5.5.2 UAE

5.5.3 Brazil

5.5.4 Others

 

Chapter 6 Company Profiles

6.1 Hilton Worldwide Holdings Inc.

6.2 Marriott International, Inc.

6.3 InterContinental Hotels Group PLC

6.4 Starwood Hotels and Resorts Worldwide

6.5 Accor Hotels

6.6 Indian Hotels Company Ltd.

6.7 ITC Ltd.

6.8 Jumeirah Group LLC

6.9 Atlantis The Palm Limited

6.10 Four Seasons Holdings Inc.

List of Figures 

 

FIG. 1 Market segmentation: Hotels Market

FIG. 2 Global Hotels Market Attractiveness, by Type, 2014

FIG. 3 U.S. Hotels Market Brand Share, 2014 (%)

FIG. 4 Canada Hotels Market Brand Share, 2014 (%)

FIG. 5 U.K. Hotels Market Brand Share, 2014 (%)

FIG. 6 Germany Hotels Market Brand Share, 2014 (%)

FIG. 7 France Hotels Market Brand Share, 2014 (%)

FIG. 8 India Hotels Market Brand Share, 2014 (%)

FIG. 9 China Hotels Market Brand Share, 2014 (%)

FIG. 10 South Korea Hotels Market Brand Share, 2014 (%)

FIG. 11 Singapore Hotels Market Brand Share, 2014 (%)

FIG. 12 Saudi Arabia Hotels Market Brand Share, 2014 (%)

FIG. 13 United Arab Emirates Hotels Market Brand Share, 2014 (%)

FIG. 14 Brazil Hotels Market Brand Share, 2014 (%)

FIG. 15 Global Hotels Market, Market Revenue and Forecast, 2014 – 2021 (USD Billion)

FIG. 16 Global Hotels Market, by Type, Size, and Forecast, 2014 Vs. 2021 (Value %)

FIG. 17 1 Star Hotels Segment, Market Size and Forecast, 2014 – 2021 (USD Billion)

FIG. 18 2 Star Hotels segment, market size and forecast, 2014 – 2021 (USD Billion)

FIG. 19 3 Star Hotels segment, market size and forecast, 2014 – 2021, (USD Billion)

FIG. 20 4 Star Hotels segment, market size and forecast, 2014 – 2021, (USD Billion)

FIG. 21 5 Star Hotels segment, market size and forecast, 2014 – 2021, (USD Billion)

FIG. 22 Unrated Hotels segment, market size and forecast, 2014 – 2021 (USD Billion)

FIG. 23 Global Hotels Market, Market Revenue and Forecast, 2014 – 2021 (USD Billion)

FIG. 24 Global Hotels Market, by Geography, Size, and Forecast, 2014 Vs. 2021 (Value %)

FIG. 25 North America Hotels Market Size and Forecast, 2014 – 2021

FIG. 26 U.S. Hotels Market  Size and Forecast, 2014 – 2021

FIG. 27 Canada Hotels Market Size and Forecast, 2014 – 2021

FIG. 28 Europe Hotels Market, market size, forecast, 2014 – 2021

FIG. 29 U.K. Hotels Market Size and Forecast, 2014 – 2021

FIG. 30 Germany Hotels Market Size and Forecast, 2014 – 2021

FIG. 31 Asia Pacific Hotels Market, Size and Forecast, 2014 – 2021

FIG. 32 India Hotels Market Size and Forecast, 2014 – 2021

FIG. 33 China Hotels Market Size and Forecast, 2014 – 2021

FIG. 34 South Korea Hotels Market Size and Forecast, 2014 – 2021

FIG. 35 Singapore Hotels Market Size and Forecast, 2014 – 2021

FIG. 36 Rest of the World Hotels Market Size and Forecast, 2014 – 2021

FIG. 37 Saudi Arabia Hotels Market Size and Forecast, 2014 – 2021

FIG. 38 UAE Hotels Market Size and Forecast, 2014 – 2021

FIG. 39 Brazil Hotels Market Size and Forecast, 2014 – 2021

FIG. 40 Others Hotels Market Size and Forecast, 2014 – 2021

List of Tables

 

TABLE 1 Global Hotels Market snapshot

TABLE 2 Global Hotels Market Revenue, 2014-2021 (USD Billion) and Year on Year Growth (%)

TABLE 3 Drivers of the Global Hotels Market: Impact analysis

TABLE 4 Global Travel and Tourism Expenditure, 2012-2014 (USD Billion)

TABLE 5 International Tourist Arrivals (In Million)

TABLE 6 International Tourism Receipts

TABLE 7 Restraints for the global hotels market: Impact analysis

TABLE 8 Global Hotels Market Revenue, 2014 – 2021, Year on Year Growth (%)

TABLE 9 Global Hotels Market Revenue, 2014 – 2021 (USD Billion) and Year-on-Year Growth (%)

TABLE 10 North America Hotels Market by Type, Size, and Forecast, 2014 – 2021 (USD Billion)

TABLE 11 U.S. Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 12 U.S. Number of Hotels, by Type, 2014

TABLE 13 Canada Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 14 Canada Number of Hotels, by Type, 2014

TABLE 15 Rest of North America Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 16 Europe Hotels market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 17 U.K. Hotels market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 18 U.K. Number of Hotels, by Type, 2014

TABLE 19 Germany Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD Billion)

TABLE 20 Germany Number of Hotels, by Type, 2014

TABLE 21 France Hotels market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 22 France Number of Hotels, by Type, 2014

TABLE 23 Rest of Europe Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 24 Asia Pacific Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 25 India Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 26 India Number of Hotels, by Type, 2014

TABLE 27 China Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 28 China Number of Hotels, by Type, 2014

TABLE 29 South Korea Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 30 South Korea Number of Hotels, by Type, 2014

TABLE 31 Singapore Hotels Market by Type, size, and Forecast, 2014 – 2021 (USD billion)

TABLE 32 Singapore Number of Hotels, by Type, 2014

TABLE 33 Rest of Asia Pacific Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 34 Rest of the world Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 35 Saudi Arabia Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 36 Saudi Arabia Number of Hotels, by Type, 2014

TABLE 37 UAE Hotels market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 38 UAE Number of Hotels, by Type, 2014

TABLE 39 Brazil Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

TABLE 40 Brazil Number of Hotels, by Type, 2014

TABLE 41 Others Hotels Market by Type, Size and Forecast, 2014 – 2021 (USD billion)

Hotels industry is one of the major sectors fueling the growth of hospitality sector at the global level. Booming travel and tourism industry is one of the major factors fueling the demand in the hotels industry. In addition, with large number of multinational companies opening their bases globally has also increased the number of business travelers boosting the hotels industry. The major companies in the hotels market are also focusing on improvement of customer service experience there by increasing the number of revisits. Moreover, increasing disposable income and demand for luxurious lifestyle is also boosting the hotels industry. By type, the hotels market has been segmented into 1 Star, 2 Star, 3 Star, 4 Star, 5 Star and unrated among others.

Unstable political environment is one of the major factors restraining the hotels industry. Political stability is one of the major factors behind the success of the travel and tourism industry. The political condition of a country affects its business as well as leisure travel. Furthermore, natural disasters are one of the key factors affecting the hotel industry. Apart from this, increasing popularity of budget hotels in the developed countries of North America and Europe, the major players are focusing on the luxury hotels segment in order to maximize their market presence. Due to the shift in consumer preference toward a luxurious lifestyle, hoteliers are keen on launching new range of luxury hotels across different locations globally which is considered as an opportunity for the hotels industry.

3 Star hotels held the largest market share in the hotels market globally and is expected to remain the market leader throughout the forecast period. However, the unrated segment is expected to be the fastest growing market. Increasing demand in the budget hotels segment is one of the major factors fueling the demand in the unrated segment. Apart from this, 5 Star segment is also having huge growth potential in the hotels market. Increasing number of business travelers and demand for luxurious lifestyle are the major factors boosting the demand in this segment.

North America held the largest market share in the hotels market globally. The U.S. is one of the major markets for hotels in North America. Increasing expenditure on travel and tourism is one of the major factors boosting the growth of the hotel industry worldwide. Furthermore, medical tourism industry has also grown considerably which is also one of the major reason contributing in the positive growth of hotels industry across different regions worldwide. However, Asia Pacific is also one of the major markets for hotels globally. Singapore is the fastest growing market in Asia Pacific. Increasing business travel and aggressive branding strategies adopted by key players are some of the major factors fueling the demand in this region.

Europe is expected to experience sluggish growth in the forecast period. U.K., Germany, France and Italy among others are some of the major countries boosting the hotels market in Europe. UAE is also one of the major markets for hotels in rest of the world. The 4 Star segment held the largest market share in the UAE hotels market. Brazil and Saudi Arabia are some of the other major countries boosting the hotels market in rest of the world.

Some of the major players involved in the hotels market are Hilton Worldwide Holdings Inc. (U.S.), Marriott International, Inc.(U.S.), InterContinental Hotels Group PLC (U.K), Starwood Hotels and Resorts Worldwide (U.S.), Accor Hotels (France), Indian Hotels Company Ltd. (India), ITC Ltd. (India),  Jumeirah Group LLC (UAE), Atlantis The Palm Limited (UAE), Four Seasons Holdings Inc. (Canada) among others. Aggressive branding and promotional activities along with geographical expansion and establishing strategic partnership are some of the major business strategies adopted by major players in order to strengthen their foothold globally. 

 

hotels-market

 


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