+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2015-07-20Number of Pages: 98

Hotels Market (Type - 1-star, 2-star, 3-star, 4-star, 5-star, and unrated) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

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

 

 

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)

Tourism contributes to a significant chunk of any country’s economy and together with hospitality industry, the hotels market has always been one of most lucrative and consistent revenue generators among all. The World is getting connected by various means and consumers are increasingly spending more on travel, either for work or leisure. These factors, along with several others mentioned below, assure that the hotels market is to expand at a healthy rate over the forecast period from 2015 to 2021. 

Not only the elite but even the middle class population is now turning into consumers for the hotels market. This, on one hand, has multiplied traffic for hotels market players but also forced them to cater to consumers with varying budgets and exclusive or non-exclusive facilities such as business centers, conference rooms, swimming pools, child-care, social function services, and others. Innovation in facilities for consumers is the need of the hour and several companies are now resorting to new ideas to brand themselves to secure a competitive edge in the hotels market. However, unpredictable political scenarios, natural disasters, and security issues are hampering the growth of the hotels market globally. 

The present report has studied the global hotels market thoroughly, segmenting it on the basis of two important benchmarks; geography and type. On the basis of type, the market is broadly classified into 1-, 2-, 3-, 4-, and 5-star hotels and unrated hotels. By geography, the report divides the market into North America, Europe, Asia Pacific, and Rest of the World. 

Hotels Market: Trends and Opportunities 

The report finds that the global hotels market is to reach an approximate valuation of US$702.74 bn by the year 2021, significantly up from its 2014 valuation of US$534.02 bn. The report has taken numerous hotels located across key countries and their revenue into consideration to compile accurate estimates about the market’s growth. 

Rising mobile bookings and consumer-shared experience on social network are aiding the expansion of the hotels market. The report reveals that the segments of 3-star hotels and unrated hotels are gaining popularity due to the increase in travel and tourism expenditure by the middle class. In 2014, the 3-star segment held the largest share in the global hotels market. Unrated hotels gain immense popularity during peak festive seasons as a significant quantity of population travel across the globe to be with their families or visit any holiday destination. The report also investigates why the hotels market in Asia Pacific is mostly untapped. 

Innovations in forming a brand name and offering exclusive facilities are highlighted as important factors that will be driving the hotels market in the future. All the same, the report identifies the fluctuating political scenarios in various countries as a prominent restraint, followed by the growing security concerns and frequent natural disasters around the world. The factors could hinder the market’s growth to an extent. 

Hotels Market: Geographical Outlook 

The research report picks out UAE as the leading region in the global hotels market with the highest revenue coming from the 4-star hotels segment over the forecast period. The hotels market in North America, specifically in the U.S., has been steadily growing post the economic rebound and will continue to be the largest market for hotels globally through to 2021. Asia Pacific countries such as Singapore, India, China, and South Korea are showing phenomenal expansion in the hotels market, with Singapore noted as the fastest growing market. 

The report also notes that growth prospects of the hotels market in Europe are not as bright as they were until a few years ago due to the increasing security concerns. Still, countries such as Germany, France, and Italy will continue to contribute significantly to the overall growth of the European hotels market. 

Companies Mentioned in the Report 

In order to provide an overview of the competitive landscape, the report profiles some of the leading names in the global hotels market. The entities profiled in this report include: InterContinental Hotels Group Plc, Hilton Worldwide Holdings Inc., Four Seasons Holdings Inc., Marriott International Inc., Starwood Hotels and Resorts Worldwide, Inc., ITC Ltd., Jumeirah International LLC, Accor Group, Indian Hotels Co Ltd., and Atlantis The Palm Limited. 

Market Segmentation of the Global Hotels Market is as follows: 

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
    • Rest of Europe
  • Asia Pacific
    • Singapore
    • China
    • India
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • UAE
    • Brazil
    • Saudi Arabia
    • Others 

This report gives you access to decisive data such as: 

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report: 

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
Back To Top