Unlocking Growth Opportunities in the Hotels Market: Emerging Trends and Insights

In today’s fast-paced business environment, staying ahead of the curve is crucial for companies looking to seize growth opportunities. The latest report by Maximize Market Research on the Hotels market offers an in-depth analysis of emerging trends, growth drivers, and potential challenges that businesses must navigate to succeed.

Anticipated Growth Forecast for Hotels Market:

Hotels Market was valued at USD 981.22 Billion in 2023, and it is expected to reach USD 1816.88 Billion by 2030, exhibiting a CAGR of 9.2% during the forecast period.

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Comprehensive Market Scope:

The report covers critical areas such as portfolio strategies, technology adoption, financial standing, and mergers & acquisitions. It provides a holistic view of the competitive landscape in the Hotels market, offering insights into pricing, investments, expansion plans, and the physical presence of key players.

Growth Drivers and Restraints:

Through both SWOT and descriptive analyses, the report delves into the factors driving growth, as well as the challenges that may impact the market’s trajectory. This helps businesses align their strategies with market opportunities while being mindful of potential risks.

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Regional Insights: 

The report includes a detailed regional analysis, assessing the market's performance across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Understanding regional dynamics will allow companies to tailor their strategies to different geographical markets.

Hotels Market Segments:

by Hotel Type

Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Casino Hotels
Transit Hotels
Bed & Breakfast Hotels
Others

Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others are the different hotel types that make up the market. Over the course of the projected period, the business/commercial hotels segment is anticipated to expand quickly at a CAGR. The primary driver of the business/commercial hotel segment's growth in the global market over the projection period is the growing demand from consumers for these lodging options, which offer numerous advantages to patrons.

by Price Level

Luxury
Upscale
Midscale
Economy

The market is divided into four segments based on price level: luxury, upscale, midscale, and economy. Over the course of the projected period, the luxury segment is anticipated to expand quickly at a CAGR. The increase in tourism, increased disposable income, rising living standards, and a growing desire for leisure travel are the main drivers of the luxury market's expansion. These are the main drivers of the global market's expansion throughout the course of the predicted period.

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, it is anticipated that the small room capacity segment will hold the biggest market shares. Small hotels are characterised by their small rooms, space-saving architecture, and lower-than-average rates, and they are popping up in major cities all over the world.

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 expand quickly at a CAGR. By the end of the prediction year 2030, chain hotels' revenue is anticipated to have increased from US$ 74 billion in 2023 to US$ 178.6 billion.

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Table of Content: Hotels Market

Part 01: Executive Summary

Part 02: Scope of the Hotels Market Report

Part 03: Global Hotels Market Landscape

Part 04: Global Hotels Market Sizing

Part 05: Global Hotels Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Competitive Landscape:

The report profiles leading companies in the Hotels market, examining their portfolios, growth strategies, and competitive positioning. Companies can use this information to benchmark their own strategies and explore new avenues for expansion.

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

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