Hotels Market

Hotels Market (Hotel Type: Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Hotels Market Outlook 2031

  • The global hotels market was valued at US$ 628.4 Bn in 2021
  • It is estimated to grow at a CAGR of 8.1% from 2022 to 2031
  • The global hotels market is expected to reach US$ 1.27 Trn by the end of 2031

Analysts’ Viewpoint on Hotels Market Scenario

The global hotels market is primarily driven by the large presence of key players in the market. According to the World Travel & Tourism Council (WTTC), more than 170 players operate in the global hotels market. Rise in millennial population, increase in disposable income, and growth in awareness about travel-related news are the prominent factors boosting the number of travel trips across the globe. Increase in penetration of smartphones, particularly in Asia Pacific, is also driving the market. Key players in the market are carrying out comprehensive R&D activities, primarily to provide improved facilities to their customers.

hotels market

Hotels Market Introduction

The hotel industry grew significantly in terms of occupancy and revenue in 2021. Hoteliers routinely analyze the market and are in search of the next opportunity that could potentially revolutionize the hospitality industry in order to stay ahead of the competition and continue on the upward trajectory. Rise in purchasing power of consumers across the globe, developing economies, and digitization are fueling the travel and tourism industry. This is expected to create lucrative opportunities for players operating in the global hotels market during the forecast period.

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Robust Growth in Business Travel Expenditure to Drive Global Hotels Market

Improving economies, ever-expanding middle-class population, rapid advancements in the technology sector, and increasing population of the millennial workforce have significantly boosted the frequency of business travel. Additionally, growth in corporate profits and globalized business sector have substantially increased the spending capacity of corporates on business travel. This rise in business travel expenditure is expected to contribute to the growth of the global hotels market.

As per GBTA (Global Business Travel Association), global business travel activity has started its rebound from the sharp downturn brought about by the COVID-19 pandemic. Global expenditures are expected to have rebounded by 14% to US$ 754 Bn in 2021, after declining by 53.8% in 2020. A year-over-year surge of 38% is expected in 2022, despite recovery setbacks in 2021, as recovery and pent-up demand increase rapidly, bringing global business travel spending back to over US$ 1 Trn.

Strategic Partnerships Aimed at Customer Experience Enhancement Boosting Demand for Hotels

Millennials throughout the globe have high expectations from the hotel industry. This generation aspires for a personalized experience and is also willing to pay a premium for it. Such consumer trends are encouraging hotel companies to partner with several other industries to enhance the overall customer experience. Some of the key industries that are enabling hoteliers to upgrade their services include information technology, luxury fashion brands, and entertainment. These partnerships allow hotel companies to leverage their room rents, which subsequently increases the ADR (Average Daily Rent) value, thus fueling the global hotels market.

Rise in Customer Preference for Hotel Chains over Independent Hotels

Growth in global consumer spending capability has dynamically transformed the customer preference for hotels. Majority of the traveling population nowadays opts for chain hotels over independent hotels. Therefore, some of the major hotel chains across the globe have stepped up by enhancing their services and implementing a variety of strategies in order to gain more traction in the global hotels market. In recent years, health and wellness resorts have received substantial attention, encouraging hotel chains across the world to include alternative medicine services and high-end spas, knowing that certain travelers are willing to spend a premium to access these services.

Regional Outlook of Global Hotels Market

Asia Pacific is the largest hotels market, followed by North America and Europe, across the globe. Asia Pacific has the largest middle-class population in the world. Growth in population, especially among the millennials, across emerging economies such as China and India, rise in disposable income, and increase in number of travelers are the factors driving the market in Asia Pacific.

The hotels market in North America and Europe is mature. Leisure travel spending holds a major share of the market in North America compared to business travel spending. Similarly, domestic travel spending holds a prominent market share compared to international travel spending. Business hotels and casinos are the most popular in North America and hold the largest market share. Leisure travel spending and domestic travel spending hold a major share of the market in Europe. The market in Middle East & Africa (MEA) and South America is growing. This trend is expected to continue during the forecast period.

Analysis of Key Players in Global Hotels Market

The global hotels market is consolidated, with a few large-scale vendors controlling a majority of the share. Most of the firms are investing significantly in comprehensive R&D activities, primarily to provide luxurious facilities to their customers. Expansion of hotel chains and mergers & acquisitions are the key strategies adopted by market players. Marriott International, Accor, Hyatt Hotels, Hilton Worldwide, InterContinental Hotels Group, Best Western Hotels, Choice Hotels International, Inc., Wyndham Destinations, and Radisson Hotel Group are the prominent players operating in this market.

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Key Developments in Global Hotels Market

  • In July 2022, Accor announced a new master franchise agreement with Sunmei Digital Intelligence Group to debut and develop the Mövenpick by Accor brand across China. Together, Sunmei and Accor plan to open more than 400 Mövenpick by Accor smart technology hotels across China, representing more than 60,000 guestrooms. The first Mövenpick by Accor hotel under this new agreement will open its doors in the coastal city of Qingdao, in eastern Shandong Province.
  • In July 2022, Hilton Worldwide Holdings Inc. announced that The Starling Atlanta Midtown, Curio Collection by Hilton, officially debuted as the latest evolution of Atlanta's Hotel Midtown. This rebrand is brought to life in conjunction with the property joining Curio Collection by Hilton, a global portfolio of remarkable hotels, each handpicked for its unique character and personality. The Starling marks the brand’s second property in the Atlanta area and adds to Hilton’s roster of full-service Atlanta properties.
  • In June 2022, ESPA and The Ritz-Carlton brand of Marriott International Inc. announced the launch of a new, innovative wellness concept: Meaningful Wellness Journeys. The concept, exclusive to Ritz-Carlton, provides tailor-made journeys designed for optimum wellness, giving each guest emotional and physical strength to adapt and cope with the stress and strain of everyday life, physically, mentally, and spiritually.
  • In June 2022, Hyatt Hotels Corporation announced the launch of Caption by Hyatt, Hyatt’s new lifestyle brand, to make its services better. This 136-room hotel is located on the corner of world-famous Beale Street and Front Street (in Memphis), offering guests a select-service neighborhood experience that sparks conversations.
  • In June 2022, BWH Hotel Group announced that it is expanding its presence in the Middle East as travel continues its resurgence in the region and worldwide. The expansion is part of the brand’s larger effort to thoughtfully increase its footprint in key destinations across the globe, providing unique offerings and experiences, that today’s travelers are seeking. BWH Hotel Group has evolved into a global hospitality powerhouse with 18 distinctive brands across every chain scale segment, from luxury to economy. BWH Hotel Group announced plans to open four hotels in the Middle East in 2022, including three in Saudi Arabia and one in Dubai. With an active pipeline of 34 hotels, and 16 already in the region, BWH Hotel Group anticipates expanding its portfolio to 50 hotels in the Middle East within the next few years.

Each of these players has been profiled in global hotels market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Global Hotels Market Snapshot

Attribute

Detail

Market Size Value in 2021

US$ 628.4 Bn

Market Forecast Value in 2031

US$ 1.27 Trn

Growth Rate

(CAGR)

8.1%

Forecast Period

2022–2031

Historical Data Available for

2017–2020

Quantitative Units

US$ Bn/US$ Trn for Value

Market Analysis

It includes cross-segment analysis at the global as well as regional levels. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis.

Competition Landscape

  • Market share analysis by company (2021)
  • The company profiles section includes an overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Hotel Type
    • Business/Commercial Hotels
    • Boutique Hotels
    • Resort Hotels
    • Casino Hotels
    • Transit Hotels
    • Bed & Breakfast Hotels
    • Others
  • Business Model
    • Independent
    • Chain
  • Room Capacity
    • Small
    • Medium
    • Large
    • Mega
  • Price Level
    • Luxury
    • Upscale
    • Midscale
    • Economy
  • Booking Mode
    • Online
    • Offline

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • GCC
  • South Africa

Companies Profiled

  • Accor
  • Marriott international
  • Hyatt hotels
  • Hilton Worldwide
  • InterContinental Hotels Group
  • Best Western Hotels
  • Choice Hotels International, Inc.
  • Wyndham Destinations
  • Radisson Hotel Group
  • Indian Hotels Company Limited

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

What was the hotels market size in 2021?

The hotels market stood at US$ 628.4 Bn in 2021

What is the CAGR of the hotels market?

The hotels market is estimated to register a CAGR of 8.1% during the forecast period

What are the key drivers of the global hotels market?

Robust growth in business travel expenditure

Which hotel type segment contributes largest share in the hotels market?

The business/commercial hotels segment accounts for 43% share of the hotels market

Which region is more attractive for vendors in the hotels market?

Asia Pacific is more attractive for vendors in the hotels market

Who are the key players in the hotels market?

Marriott International, Accor, Hyatt Hotels, Hilton Worldwide, InterContinental Hotels Group, Best Western Hotels, Choice Hotels International, Inc., Wyndham Destinations, Radisson Hotel Group, etc.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Market Dynamics

            5.1.1. Drivers

            5.1.2. Restraints

            5.1.3. Opportunities

        5.2. Key Market Indicators

        5.3. Overall Travel & Tourism Market

        5.4. Key Trend Analysis

            5.4.1. Supplier Side

            5.4.2. Demand Side

        5.5. Industry SWOT Analysis

        5.6. Technology Overview

        5.7. Porter’s Five Forces Analysis

        5.8. Value Chain Analysis

        5.9. COVID-19 Impact Analysis

        5.10. Global Hotels Market Analysis and Forecast, 2017- 2031

            5.10.1. Market Value Projections (US$ Bn)

    6. Global Hotels Market Analysis and Forecast, by Hotel Type

        6.1. Global Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            6.1.1. Business/Commercial Hotels

            6.1.2. Boutique Hotels

            6.1.3. Resort Hotels

            6.1.4. Casino Hotels

            6.1.5. Transit Hotels

            6.1.6. Bed & Breakfast Hotels

            6.1.7. Others

        6.2. Incremental Opportunity, by Hotel Type

    7. Global Hotels Market Analysis and Forecast, by Business Model

        7.1. Global Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            7.1.1. Independent

            7.1.2. Chain

        7.2. Incremental Opportunity, by Business Model

    8. Global Hotels Market Analysis and Forecast, by Room Capacity

        8.1. Global Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            8.1.1. Small

            8.1.2. Medium

            8.1.3. Large

            8.1.4. Mega

        8.2. Incremental Opportunity, by Room Capacity

    9. Global Hotels Market Analysis and Forecast, by Price Level

        9.1. Global Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            9.1.1. Luxury

            9.1.2. Upscale

            9.1.3. Midscale

            9.1.4. Economy

        9.2. Incremental Opportunity, by Price Level

        9.3. Hotels Market Size (US$ Bn) by Booking Mode, 2017- 2031

            9.3.1. Online

            9.3.2. Offline

    10. Global Hotels Market Analysis and Forecast, by Region

        10.1. Global Hotels Market Size (US$ Bn), by Region, 2017- 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. South America

        10.2. Incremental Opportunity, by Region

    11. North America Hotels Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Brand Analysis

        11.3. Demographic Overview

        11.4. Consumer Buying Behaviour

        11.5. Key Trends Analysis

            11.5.1. Supply side

            11.5.2. Demand Side

        11.6. Price Trend Analysis

            11.6.1. Weighted Average Selling Price (US$)

        11.7. Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            11.7.1. Business/Commercial Hotels

            11.7.2. Boutique Hotels

            11.7.3. Resort Hotels

            11.7.4. Casino Hotels

            11.7.5. Transit Hotels

            11.7.6. Bed & Breakfast Hotels

            11.7.7. Others

        11.8. Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            11.8.1. Independent

            11.8.2. Chain

        11.9. Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            11.9.1. Small

            11.9.2. Medium

            11.9.3. Large

            11.9.4. Mega

        11.10. Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            11.10.1. Luxury

            11.10.2. Upscale

            11.10.3. Midscale

            11.10.4. Economy

        11.11. Hotels Market Size (US$ Bn), by Booking Mode, 2017- 2031

            11.11.1. Online

            11.11.2. Offline

        11.12. Hotels Market Size (US$ Bn), by Country & Sub-region, 2017- 2031

            11.12.1. U.S.

            11.12.2. Canada

            11.12.3. Rest of North America

        11.13. Incremental Opportunity Analysis

    12. Europe Hotels Market Analysis and Forecast

        12.1. Regional Snapshot

        12.2. Brand Analysis

        12.3. Demographic Overview

        12.4. Consumer Buying Behaviour

        12.5. Key Trends Analysis

            12.5.1. Supply side

            12.5.2. Demand Side

        12.6. Price Trend Analysis

            12.6.1. Weighted Average Selling Price (US$)

        12.7. Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            12.7.1. Business/Commercial Hotels

            12.7.2. Boutique Hotels

            12.7.3. Resort Hotels

            12.7.4. Casino Hotels

            12.7.5. Transit Hotels

            12.7.6. Bed & Breakfast Hotels

            12.7.7. Others

        12.8. Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            12.8.1. Independent

            12.8.2. Chain

        12.9. Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            12.9.1. Small

            12.9.2. Medium

            12.9.3. Large

            12.9.4. Mega

        12.10. Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            12.10.1. Luxury

            12.10.2. Upscale

            12.10.3. Midscale

            12.10.4. Economy

        12.11. Hotels Market Size (US$ Bn), by Booking Mode, 2017- 2031

            12.11.1. Online

            12.11.2. Offline

        12.12. Hotels Market Size (US$ Bn), by Country & Sub-region, 2017- 2031

            12.12.1. U.K.

            12.12.2. Germany

            12.12.3. France

            12.12.4. Rest of Europe

        12.13. Incremental Opportunity Analysis

    13. Asia Pacific Hotels Market Analysis and Forecast

        13.1. Regional Snapshot

        13.2. Brand Analysis

        13.3. Demographic Overview

        13.4. Consumer Buying Behaviour

        13.5. Key Trends Analysis

            13.5.1. Supply side

            13.5.2. Demand Side

        13.6. Price Trend Analysis

            13.6.1. Weighted Average Selling Price (US$)

        13.7. Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            13.7.1. Business/Commercial Hotels

            13.7.2. Boutique Hotels

            13.7.3. Resort Hotels

            13.7.4. Casino Hotels

            13.7.5. Transit Hotels

            13.7.6. Bed & Breakfast Hotels

            13.7.7. Others

        13.8. Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            13.8.1. Independent

            13.8.2. Chain

        13.9. Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            13.9.1. Small

            13.9.2. Medium

            13.9.3. Large

            13.9.4. Mega

        13.10. Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            13.10.1. Luxury

            13.10.2. Upscale

            13.10.3. Midscale

            13.10.4. Economy

        13.11. Hotels Market Size (US$ Bn) by Booking Mode, 2017- 2031

            13.11.1. Online

            13.11.2. Offline

        13.12. Hotels Market Size (US$ Bn), by Country & Sub-region, 2017- 2031

            13.12.1. China

            13.12.2. India

            13.12.3. Japan

            13.12.4. Rest of Asia Pacific

        13.13. Incremental Opportunity Analysis

    14. Middle East & Africa Hotels Market Analysis and Forecast

        14.1. Regional Snapshot

        14.2. Brand Analysis

        14.3. Demographic Overview

        14.4. Consumer Buying Behaviour

        14.5. Key Trends Analysis

            14.5.1. Supply side

            14.5.2. Demand Side

        14.6. Price Trend Analysis

            14.6.1. Weighted Average Selling Price (US$)

        14.7. Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            14.7.1. Business/Commercial Hotels

            14.7.2. Boutique Hotels

            14.7.3. Resort Hotels

            14.7.4. Casino Hotels

            14.7.5. Transit Hotels

            14.7.6. Bed & Breakfast Hotels

            14.7.7. Others

        14.8. Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            14.8.1. Independent

            14.8.2. Chain

        14.9. Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            14.9.1. Small

            14.9.2. Medium

            14.9.3. Large

            14.9.4. Mega

        14.10. Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            14.10.1. Luxury

            14.10.2. Upscale

            14.10.3. Midscale

            14.10.4. Economy

        14.11. Hotels Market Size (US$ Bn), by Booking Mode, 2017- 2031

            14.11.1. Online

            14.11.2. Offline

        14.12. Hotels Market Size (US$ Bn), by Country & Sub-region, 2017- 2031

            14.12.1. GCC

            14.12.2. South Africa

            14.12.3. Rest of Middle East & Africa

        14.13. Incremental Opportunity Analysis

    15. South America Hotels Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Brand Analysis

        15.3. Demographic Overview

        15.4. Consumer Buying Behaviour

        15.5. Key Trends Analysis

            15.5.1. Supply side

            15.5.2. Demand Side

        15.6. Price Trend Analysis

            15.6.1. Weighted Average Selling Price (US$)

        15.7. Hotels Market Size (US$ Bn), by Hotel Type, 2017- 2031

            15.7.1. Business/Commercial Hotels

            15.7.2. Boutique Hotels

            15.7.3. Resort Hotels

            15.7.4. Casino Hotels

            15.7.5. Transit Hotels

            15.7.6. Bed & Breakfast Hotels

            15.7.7. Others

        15.8. Hotels Market Size (US$ Bn), by Business Model, 2017- 2031

            15.8.1. Independent

            15.8.2. Chain

        15.9. Hotels Market Size (US$ Bn), by Room Capacity, 2017- 2031

            15.9.1. Small

            15.9.2. Medium

            15.9.3. Large

            15.9.4. Mega

        15.10. Hotels Market Size (US$ Bn), by Price Level, 2017- 2031

            15.10.1. Luxury

            15.10.2. Upscale

            15.10.3. Midscale

            15.10.4. Economy

        15.11. Hotels Market Size (US$ Bn), by Booking Mode, 2017- 2031

            15.11.1. Online

            15.11.2. Offline

        15.12. Hotels Market Size (US$ Bn), by Country & Sub-region, 2017- 2031

            15.12.1. Brazil

            15.12.2. Rest of South America

        15.13. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Competition Dashboard

        16.2. Market Share Analysis % (2021)

        16.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]

            16.3.1. Accor

                16.3.1.1. Company Overview

                16.3.1.2. Product Portfolio

                16.3.1.3. Financial Information, (Subject to Data Availability)

                16.3.1.4. Business Strategies / Recent Developments

            16.3.2. Marriott international

                16.3.2.1. Company Overview

                16.3.2.2. Product Portfolio

                16.3.2.3. Financial Information, (Subject to Data Availability)

                16.3.2.4. Business Strategies / Recent Developments

            16.3.3. Hyatt hotels

                16.3.3.1. Company Overview

                16.3.3.2. Product Portfolio

                16.3.3.3. Financial Information, (Subject to Data Availability)

                16.3.3.4. Business Strategies / Recent Developments

            16.3.4. Hilton Worldwide

                16.3.4.1. Company Overview

                16.3.4.2. Product Portfolio

                16.3.4.3. Financial Information, (Subject to Data Availability)

                16.3.4.4. Business Strategies / Recent Developments

            16.3.5. InterContinental Hotels Group

                16.3.5.1. Company Overview

                16.3.5.2. Product Portfolio

                16.3.5.3. Financial Information, (Subject to Data Availability)

                16.3.5.4. Business Strategies / Recent Developments

            16.3.6. Best Western Hotels

                16.3.6.1. Company Overview

                16.3.6.2. Product Portfolio

                16.3.6.3. Financial Information, (Subject to Data Availability)

                16.3.6.4. Business Strategies / Recent Developments

            16.3.7. Choice Hotels International, Inc.

                16.3.7.1. Company Overview

                16.3.7.2. Product Portfolio

                16.3.7.3. Financial Information, (Subject to Data Availability)

                16.3.7.4. Business Strategies / Recent Developments

            16.3.8. Wyndham Destinations

                16.3.8.1. Company Overview

                16.3.8.2. Product Portfolio

                16.3.8.3. Financial Information, (Subject to Data Availability)

                16.3.8.4. Business Strategies / Recent Developments

            16.3.9. Radisson Hotel Group

                16.3.9.1. Company Overview

                16.3.9.2. Product Portfolio

                16.3.9.3. Financial Information, (Subject to Data Availability)

                16.3.9.4. Business Strategies / Recent Developments

            16.3.10. Indian Hotels Company Limited

                16.3.10.1. Company Overview

                16.3.10.2. Product Portfolio

                16.3.10.3. Financial Information, (Subject to Data Availability)

                16.3.10.4. Business Strategies / Recent Developments

    17. Key Takeaways

        17.1. Identification of Potential Market Spaces

            17.1.1. Hotel Type

            17.1.2. Business Model

            17.1.3. Room Capacity

            17.1.4. Price Level

            17.1.5. Booking Mode

            17.1.6. Geography

        17.2. Understanding the Buying Process of Customers

        17.3. Prevailing Market Risks

        17.4. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 2: Global Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 3: Global Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 4: Global Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 5: Global Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 6: Global Hotels Market, By Region US$ Bn, 2017-2031

    Table 7: North America Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 8: North America Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 9: North America Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 10: North America Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 11: North America Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 12: North America Hotels Market, By Country US$ Bn, 2017-2031

    Table 13: Europe Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 14: Europe Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 15: Europe Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 16: Europe Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 17: Europe Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 18: Europe Hotels Market, By Country US$ Bn, 2017-2031

    Table 19: Asia Pacific Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 20: Asia Pacific Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 21: Asia Pacific Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 22: Asia Pacific Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 23: Asia Pacific Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 24: Asia Pacific Hotels Market, By Country US$ Bn, 2017-2031

    Table 25: Middle East & Africa Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 26: Middle East & Africa Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 27: Middle East & Africa Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 28: Middle East & Africa Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 29: Middle East & Africa Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 30: Middle East & Africa Hotels Market, By Country US$ Bn, 2017-2031

    Table 31: South America Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Table 32: South America Hotels Market, By Business Model US$ Bn, 2017-2031

    Table 33: South America Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Table 34: South America Hotels Market, By Price Level US$ Bn, 2017-2031

    Table 35: South America Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Table 36: South America Hotels Market, By Country US$ Bn, 2017-2031

    List of Figures

    Figure 1: Global Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Figure 2: Global Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 3: Global Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 4: Global Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 5: Global Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 6: Global Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 7: Global Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 8: Global Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 9: Global Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 10: Global Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 11: Global Hotels Market, By Region US$ Bn, 2017-2031

    Figure 12: Global Hotels Market, Incremental Opportunity, By Region US$ Bn, 2017-2031

    Figure 13: North America Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Figure 14: North America Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 15: North America Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 16: North America Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 17: North America Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 18: North America Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 19: North America Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 20: North America Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 21: North America Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 22: North America Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 23: North America Hotels Market, By Country US$ Bn, 2017-2031

    Figure 24: North America Hotels Market, Incremental Opportunity, By Country US$ Bn, 2017-2031

    Figure 25: Europe Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Figure 26: Europe Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 27: Europe Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 28: Europe Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 29: Europe Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 30: Europe Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 31: Europe Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 32: Europe Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 33: Europe Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 34: Europe Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 35: Europe Hotels Market, By Country US$ Bn, 2017-2031

    Figure 36: Europe Hotels Market, Incremental Opportunity, By Region US$ Bn, 2017-2031

    Figure 37: Asia Pacific Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Figure 38: Asia Pacific Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 39: Asia Pacific Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 40: Asia Pacific Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 41: Asia Pacific Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 42: Asia Pacific Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 43: Asia Pacific Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 44: Asia Pacific Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 45: Asia Pacific Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 46: Asia Pacific Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 47: Asia Pacific Hotels Market, By Country US$ Bn, 2017-2031

    Figure 48: Asia Pacific Hotels Market, Incremental Opportunity, By Country US$ Bn, 2017-2031

    Figure 49: Middle East & Africa Hotels Market, By Hotel Type US$ Bn, 2017-2032

    Figure 50: Middle East & Africa Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 51: Middle East & Africa Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 52: Middle East & Africa Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 53: Middle East & Africa Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 54: Middle East & Africa Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 55: Middle East & Africa Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 56: Middle East & Africa Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 57: Middle East & Africa Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 58: Middle East & Africa Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 59: Middle East & Africa Hotels Market, By Country US$ Bn, 2017-2031

    Figure 60: Middle East & Africa Hotels Market, Incremental Opportunity, By Country US$ Bn, 2017-2031

    Figure 61: South America Hotels Market, By Hotel Type US$ Bn, 2017-2031

    Figure 62: South America Hotels Market, Incremental Opportunity, By Hotel Type, US$ Bn, 2017-2031

    Figure 63: South America Hotels Market, By Business Model US$ Bn, 2017-2031

    Figure 64: South America Hotels Market, Incremental Opportunity, By Business Model, US$ Bn, 2017-2031

    Figure 65: South America Hotels Market, By Room Capacity US$ Bn, 2017-2031

    Figure 66: South America Hotels Market, Incremental Opportunity, By Room Capacity US$ Bn, 2017-2031

    Figure 67: South America Hotels Market, By Price Level US$ Bn, 2017-2031

    Figure 68: South America Hotels Market, Incremental Opportunity, By Price Level US$ Bn, 2017-2031

    Figure 69: South America Hotels Market, By Booking Mode US$ Bn, 2017-2031

    Figure 70: South America Hotels Market, Incremental Opportunity, By Booking Mode US$ Bn, 2017-2031

    Figure 71: South America Hotels Market, By Country US$ Bn, 2017-2031

    Figure 72: South America Hotels Market, Incremental Opportunity, By Country US$ Bn, 2017-2031

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