Hotels Market was valued at USD 822.86 Billion in 2021, and it is expected to reach USD 1,663.82 Billion by 2029, exhibiting a CAGR of 9.2 % during the forecast period

Hotels Market Overview

The market size, market dynamics, strategies, market revenue, pricing analysis, micro and macro market trends and scenarios, and industry benchmarks are all thoroughly described in the industry overview.Market size, customer preferences according to location, and industrial competition are all thoroughly discussed.

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Hotels Market Report Scope and Research Methodology

The Hotels Market size for individual segments were determined through various secondary sources including industry associations, white papers, and journals. Surveys, administering questionnaires and telephonic interviews with Hotels industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. The PESTLE analysis was used to understand the potential impact of the micro-economic and macro-economic factors affecting the Hotels Market.

The industry's competition, which includes market leaders, imitators, and newcomers, is thoroughly studied. The critical figures arrived at following thorough market engineering and calculations for market statistics Hotels market size estimations, market projections, market breakdown, and data triangulation—were confirmed and verified through extensive primary research. The company's annual reports, articles, paid and free databases, etc. were used to gather the secondary data. The bottom-up approach was used to calculate the size of the regional and global Hotels market.

Market Segmentation

The market is divided into Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Other Hotels based on the kind of hotel. The primary driver of the expansion of the business/commercial hotels sector in the global market during the forecast period is an increasing consumer demand for these accommodations due to the numerous benefits they offer to guests.

The market is divided into four categories: Luxury, Upscale, Midscale, and Economy. The causes that fuel the expansion of the luxury segment are an uptick in tourism, an increase in disposable income, a rise in the average person's level of life, and a rise in the propensity for leisure travel. These are the main elements that will fuel the expansion of the world market in the next years.

The Room Capacity, according to Small hotels are distinguishable by their condensed rooms, space-saving architecture, and lower than normal rates while mushrooming in major metropolitan regions all over the world. North America has the highest share of small hotels in the world, making it an attractive investment location for the hotel industry.

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Hotels Market Key Players

• Accor SA
• Marriott International
• Hyatt Hotels Corporation
• Hilton Worldwide Holdings Inc.
• InterContinental Hotels Group PLC.
• Best Western International, Inc.
• Choice Hotels Internationals, Inc.
• Wyndham Destinations, Inc.
• Radisson Hospitality A.B.
• Indian Hotels Company Limited
• Oravel Stays Private Limited
• TC Limited
• EIH Limited
• Bharat Hotels Limited
• Lemon Tree Hotels
• The Leela Palaces

Hotels Market Regional Insights

The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East and Africa. The report includes a detailed explanation of market size, trends, competition & adoption of technology region wise.

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Key questions answered in the Hotels Market are:

What is Hotels?
What are the global trends in the Hotels Market?
What was the Hotels Total Market size in 2022?
What is expected Hotels Market size by 2029?
Who held the largest market share in Hotels Market?
Who are the leading companies and what are their portfolios in Hotels Market?
What are the major challenges that the Hotels Industry could face in the future?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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