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.
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Hotels Market Scope and Methodology:
There are two significant pieces of information that are considered in the report, descriptive analysis and SWOT analysis. This study aims at gathering comprehensive market statistics regarding the Hotels Market issue. Survey and questionnaire are two methods of data collection. After data gathering, the analysis is done using mathematical, statistical, and numerical methods. Collection and compilation of data plays an important role in monitoring market trends through qualitative and quantitative research methodology.
After making a proper evaluation of the buyer-direct situation, the market is scrutinized in terms of future prospects, R&D initiatives, innovative industry practices, creative development strategies, and market consolidation and acquisitions. The techniques, organizational charts, portfolios, and an appraisal of the world's top company CEOs are there in the report. The market is also done with a thorough SWOT and PESTLE analysis for drawing proper valuation of the market trend and the microeconomic data.
Hotels Market Regional Insights:
To estimate the market's future prospects, a number of measures must be used. Examples include buyer-direct transactions, R&D projects, innovative corporate practices, and market mergers and acquisitions. It contains strategies, organizational charts, portfolios, and a critical assessment of top business executives. The market has conducted a full SWOT and PESTLE analysis to ensure that it identifies both market trends and microeconomic drivers.
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Hotels Market Segmentation:
by Hotel Type
Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Casino Hotels
Transit Hotels
Bed & Breakfast Hotels
Others
by Price Level
Luxury
Upscale
Midscale
Economy
by Room Capacity
Small
Medium
Large
Mega
The market is divided into four segments based on room capacity: small, medium, large, and mega. By 2030, the small room capacity segment is anticipated to have the highest market shares. Little hotels are becoming more and more popular in the world's major cities; they stand out for having little rooms, cleverly designed spaces, and less expensive prices than typical. North America is a favorable place for investors in the hotel industry because tiny hotels are the trend that are most prevalent there. The number of millennial travelers is rising, and they have higher expectations for short-term hotel stays with luxurious interiors and lots of amenities. Small hotels can meet these needs. The opening of new hotels in popular urban areas drives most developments in the hospitality sector.
by Business Model
Individual
Chain
The market is divided into two segments based on the business model: individual and chain. Over the course of the forecast period, the chain business model segment is anticipated to grow quickly at a CAGR. By the end of the forecast year 2030, chain hotel revenue is predicted to increase from US$ 74 billion in 2023 to US$ 178.6 billion. This change indicates that stakeholders in the hotel industry are shifting their investments from individual hotels to chains. Since chains and franchises are becoming more and more popular in upscale and midscale hotels, hotel owners are using cutting-edge software and new digital gadgets to streamline operational procedures for managers and provide consumers predictable and inexpensive rates. Hoteliers are attempting to develop comprehensive solutions.
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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
Key questions answered in the Hotels Market are:
- What is Hotels Market?
- What is the growth rate of the Hotels Market?
- What are the upcoming opportunities and trends for the Hotels Market?
- What are the different segments of the Hotels Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Hotels Market?
- What segments are covered in the Hotels Market?
- Which are the factors expected to drive the Hotels Market growth?
- What growth strategies are the players considering to increase their presence in Hotels Market?
- Who are the leading companies and what are their portfolios in Hotels Market?
- Who are the key players in the Hotels Market?
- What is the CAGR at which the Hotels Market will grow during the forecast period?
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- 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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About Maximize Market Research:
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