The hotels market is projected to grow at a compound annual growth rate (CAGR) of 9.2% from its 2023 valuation of USD 981.22 billion to USD 1816.88 billion by 2030.

Hotels Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Hotels  Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Hotels  market, with forecasts outspreading to the year 2030.

Hotels Market Scope and Methodology:

The market research report Hotels  provides comprehensive details on important factors, including those anticipated to drive the industry's growth and impending obstacles. Stakeholders will have a solid understanding of the investment potential in the Hotels  market, the industry's competitive environment, and the products pushed by well-known brands. The research examines the sector's qualitative and quantitative aspects. Part of what the MMR probe looks into is a thorough analysis of the competition for the Hotels  Market.

A lengthy list of needs is included in the study, along with a detailed explanation for each. When creating the Hotels  Market, a wide range of primary and secondary information sources were taken into account, including official government documents, websites, annual reports, and expert and professional comments.

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Hotels  Market Regional Insights

In this report, the market size, growth rate, import and export by region, and other pertinent facts are all carefully examined. It is simple to comprehend the Hotels  market conditions in various nations thanks to the research's regional analysis. The Hotels  market is composed of markets in North America, Europe, South America, Asia Pacific, and the Middle East.

Hotels  Market Segmentation

by Hotel Type

Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Casino Hotels
Transit Hotels
Bed & Breakfast Hotels
Others

Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others are the different market segments. Over the course of the projected period, the business/commercial hotels segment is anticipated to expand quickly at a CAGR of xx%. The primary driver of the business/commercial hotels segment's growth in the global market over the projection period is the growing demand from consumers for these lodging options, which offer numerous advantages to patrons.

by Price Level

Luxury
Upscale
Midscale
Economy

The market is divided into four segments: Economy, Midscale, Upscale, and Luxury. Over the course of the projected period, the luxury segment is anticipated to expand quickly at a CAGR of xxx%. The increase in tourism, increased disposable income, rising living standards, and a growing desire for leisure travel are the main drivers of the luxury market's expansion. These are the main drivers of the global market's expansion throughout the course of the predicted period.

by Room Capacity

Small
Medium
Large
Mega

The market is divided into four segments: Mega, Large, Medium, and Small. By 2030, it is anticipated that the small room capacity sector will hold the biggest market shares, at xxx%. Small hotels are characterized by their small rooms, space-saving architecture, and lower-than-average rates, and they are popping up in major cities all over the world. North America is a favorable place for participants in the hotel industry to invest because small hotels are the trend with the biggest share in this region. Small hotels are able to meet the needs of the growing number of millennial travelers who need short-term hotel stays with luxurious interiors and lots of services.

by Business Model

Individual
Chain

By the end of the prediction year 2030, chain hotels' revenue is anticipated to have increased from US$ 74 billion in 2023 to US$ 178.6 billion. This change indicates that players in the hotel industry are investing more and switching from independent to chain hotels. Hotel owners are using cutting-edge digital gadgets and software technology to streamline operational procedures for managers by implementing predictable and inexpensive tariffs for guests, as the trend of chains and franchises is becoming more popular in upscale and midscale hotels.

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Hotels  Market Key Players

1. Accor SA
2. Marriott International
3. Hyatt Hotels Corporation
4. Hilton Worldwide Holdings Inc.
5. InterContinental Hotels Group PLC.
6. Best Western International, Inc.
7. Choice Hotels Internationals, Inc.
8. Wyndham Destinations, Inc.
9. Radisson Hospitality A.B.
10.Indian Hotels Company Limited
11.Oravel Stays Private Limited
12.TC Limited
13.EIH Limited
14.Bharat Hotels Limited
15.Lemon Tree Hotels
16.The Leela Palaces

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Key questions answered in the Hotels  Market are:

• What is Hotels ?
• What was the Hotels  market size in 2023?
• What is the growth rate of the Hotels  Market?
• Which are the factors expected to drive the Hotels  market growth?
• What is the CAGR at which the Hotels  market will grow during the forecast period?
• What are the different segments of the Hotels  Market?
• Which is the fastest growing region in the Hotels market?
• What growth strategies are the players considering to increase their presence in Hotels ?
• What are the upcoming opportunities and trends for the Hotels  Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Hotels  Market?
• Who are the leading companies and what are their portfolios in Hotels  Market?
• What segments are covered in the Hotels  Market?
• Who are the key players in the Hotels  market?

Get to know about details summary of the report: https://www.maximizemarketresearch.com/market-report/hotels-market/47478/  

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments 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
• Recommendations

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