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Unlock What Growth Hotels Market May See in Future; Participants Still Eyeing 10.0% Growth in Market
Hotels Market Latest Edition Published with Forecast to 2030- Mar 14, 2024
- Hotels, Resorts & Cruise Lines
The article cited AMA's Global Hotels Market Study explored substantial growth with CAGR of 10.0%. According the report, Influx of International Travelers
is one of the primary growth factors for the market. Robust Growth of Tourism Industry
is also expected to contribute significantly to the Hotels market. Overall, applications of Hotels, 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 Marriott International Inc. (United States), Atlantis the Palm Limited (UAE), Hilton Worldwide Holdings Inc. (United States), InterContinental Hotels Group Plc. (United Kingdom), Accor Group (France), Starwood Hotels and Resorts Worldwide Inc. (United States), ITC Ltd. (India), Indian Hotels Co Ltd. (India), Jumeirah International LLC (UAE) and Four Seasons Holdings Inc. (Canada) may see astonishing sales in this Market and certainly improve revenue growth.
The Business Model, such as Individual, is boosting the Hotels 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 Room Capacity, such as Small, is boosting the Hotels 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 Pricing, such as Luxury, is boosting the Hotels market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Hotels market identified that the demand is rising in many different parts of the world as "Enhancing Guest Experience ". Furthermore, some recent industry insights like "In October 2023, InterContinental Hotels and Resorts announced a distinctive global evolution plan, which includes the introduction of the "Blossoming Moments" series of events in Greater China." is constantly making the industry dynamic. One of the challenges that industry facing is "Maximum Cost Incurred and Increasing Energy Consumption"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Hotels 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 Hotels 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 Hotels market tight?
• Which application/end-user category or Product Type [Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels and Bed & Breakfast Hotels] 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 Hotels market and other related sub-markets covered in the study.
o Key & emerging players in the Hotels market have been observed through secondary research.
o The industry’s 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 Hotels market size is calculated using market estimation process, the Hotels 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 Hotels market size has been validated using both top-down and bottom-up approaches.
The Business Model, such as Individual, is boosting the Hotels 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 Room Capacity, such as Small, is boosting the Hotels 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 Pricing, such as Luxury, is boosting the Hotels market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMA’s Analyst on the Global Hotels market identified that the demand is rising in many different parts of the world as "Enhancing Guest Experience ". Furthermore, some recent industry insights like "In October 2023, InterContinental Hotels and Resorts announced a distinctive global evolution plan, which includes the introduction of the "Blossoming Moments" series of events in Greater China." is constantly making the industry dynamic. One of the challenges that industry facing is "Maximum Cost Incurred and Increasing Energy Consumption"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Hotels 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 Hotels 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 Hotels market tight?
• Which application/end-user category or Product Type [Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels and Bed & Breakfast Hotels] 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 Hotels market and other related sub-markets covered in the study.
o Key & emerging players in the Hotels market have been observed through secondary research.
o The industry’s 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 Hotels market size is calculated using market estimation process, the Hotels 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 Hotels market size has been validated using both top-down and bottom-up approaches.
Craig Francis
PR & Marketing Manager