About Chain Hotel
All hotels that bear the ensign of a hotel group, regardless of their legal position (subsidiaries, franchises, etc.) are considered chain hotels. A chain hotel is one that is part of a series or a set of hotels that are all owned or operated by the same firm. As a result, a Hotel Chain is a management business that oversees a number of hotels with the same brand but in different locations.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Chain Hotel market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marriott International (United States), Hilton Worldwide (United States), InterContinental Hotels Group (United Kingdom), Jin Jiang International (China), Wyndham Hotels and Resorts (United States), AccorHotels (France), Choice Hotels (United States), Home Inns Group (China), China Lodging Group (China) and Best Western Hotels (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are OYO (India), Radisson Hotel Group (United States), GreenTree Inns Hotel Management Group (China), Hyatt Hotels Corporation (United States) and Magnuson Hotels (United States).
Segmentation Overview
AMA Research has segmented the market of Global Chain Hotel market by Type (Resorts, B&BS, Hostels, Motels and Others) and Region.
On the basis of geography, the market of Chain Hotel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing Range, the sub-segment i.e. Economy will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Limited Service will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rooms Capacity, the sub-segment i.e. Small Rooms will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Digitization of Services and Online Booking on Apps and Websites and Increase in Emphasize on the importance of Safety
Market Growth Drivers:
Increasing use of Chain Hotel in Urban, Airport, Resorts and other Industries and Rise in the Travel and Tourism Industry
Challenges:
Maintaining the Brand Image and Service and Complexity in Management
Restraints:
Start-up Costs and Franchise Fees and Less Control over Business
Opportunities:
Larger Hotel Groups tend to Offer more Training
Key Target Audience
Chain Hotel Providers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.