A new research document titled, Global Five Star Hotel Market is released by AdvanceMarketAnalytics. The market study is a cautious attempt of the industry with strategic steps to the targets of business environment and the ones that are tried to have an essential impression on the progression of the Five Star Hotel market. AMA recognizes following companies as the major players in the Global Five Star Hotel market which includes Marriott International (United States), Hilton (United States), Hyatt Hotels (United States), Four Seasons Holdings Inc. (United States), Shangri-La International Hotel Management Ltd. (Hong Kong), InterContinental Hotels Group PLC (United Kingdom), Mandarin Oriental International Limited (Hong Kong), Tata Group (India), Jumeirah International LLC (United Arab Emirates) and Kerzner International Limited (The Bahamas).
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. High Growth in Tours and Tourism Industry
is one of the key components driving the development of this market in the following couple of years. "Technology advancement in distribution models, such as the advent of digital technologies in booking and marketing activities. High adoption of social media helps hotel providers in advertising and other services" adds to the investigation what growth market seeks ahead. This causes analysts to concentrate more on regional factors and regulatory and influencing factors ahead of any other approach.
One of the key patterns that will drive the development prospects for the Five Star Hotel amid the anticipated period is the Advancement in the hospitality industry is one of the key industries behind the high growth of the services sector. This shows strong growth potential across the globe, majorly in the South Arabia region. With the increased funding of government in hospitality and facility management is generating huge opportunity for luxury hotel companies.. The Distribution Channels, such as Travel Agents, is boosting the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Themes, such as Ecotel, is boosting the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Hotel, such as Business Hotel, is boosting the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market. The Five Star Hotel market is very focused because of the nearness of many key organizations. The main Vendors are focusing on presenting new product/services and are constantly upgrading their existing offerings to keep pace with the overall industry.
The key target audience considered while formulating the study are as follows: Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Five Start Hotel Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Available Customization: List of players that can be included in the study on immediate basis are ITC Hotels Limited (India), Novotel (France), Radisson Hotels (United States) and Others.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Five Star Hotel market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Five Star Hotel market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Five Start Hotel Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.