The article cited AMA's Global Hotel Gift Cards Market Study explored substantial growth with CAGR of 8.16%. According the report, The trend of Digital cards is one of the primary growth factors for the market. Increase adoption for visibility of hotel services and attracting new customers is one of the key driving factors
is also expected to contribute significantly to the Hotel Gift Cards market. Overall, Accommodation
applications of Hotel Gift Cards, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Carlson (United States), InterContinental Hotel (United States), InterContinental Hotels Group (United Kingdom), Starwood (United States), Hilton (United States), Accor (France), Marriott (United States), Vecchio Asilo Hotel (Italy), Holiday Inn Central Plaza Beijing (China) and Cendant (United States) may see astonishing sales in this Market and certainly improve revenue growth.
AMAs Analyst on the Global Hotel Gift Cards market identified that the demand is rising in many different parts of the world as "Growth in the hospitality industry is mainly dominated by the launches of new hotels in high-demand urban locations is booming the opportunities of the growth in the market". Furthermore, some recent industry insights like "In May 2024, P3 to Launch Gift Voucher Solution and New Nor1 Oracle Integration At ITB. The P3 gift voucher platform is a dedicated ecommerce solution being launched this week at ITB Berlin by the hotel booking engine technology company, as it continues to build out its suite of products dedicated to helping hotel operators upsell services and maximize their ecommerce opportunities." is constantly making the industry dynamic. One of the challenges that industry facing is "Lost or Stolen Gift Cards"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Hotel Gift Cards market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Hotel Gift Cards market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Hotel Gift Cards market tight? Which application/end-user category or Product Type [Open Loop, Closed Loop and E-gifting] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hotel Gift Cards market and other related sub-markets covered in the study.
o Key & emerging players in the Hotel Gift Cards market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hotel Gift Cards market size is calculated using market estimation process, the Hotel Gift Cards market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hotel Gift Cards market size has been validated using both top-down and bottom-up approaches.