Hotels - Global Strategic Business Report

The global market for Hotels was estimated at US$732.3 Billion in 2024 and is projected to reach US$1.0 Trillion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Hotels market.

Global Hotels Market - Key Trends & Drivers Summarized

How Is The Rise In Travel And Tourism Influencing The Hotels Market?

The global hotels market is experiencing significant growth, driven by the rise in international travel and tourism. As disposable incomes increase and travel becomes more accessible, there is a growing demand for hotel accommodations across various segments, from luxury and boutique hotels to budget and economy options. The growth in business travel, the expansion of the middle class in emerging markets, and the popularity of experiential and leisure travel are further fueling demand for hotels worldwide. The COVID-19 pandemic has accelerated the shift towards domestic tourism and staycations, creating new opportunities for hotels to cater to local travelers and offer unique experiences that differentiate them from competitors.

What Technological Innovations Are Enhancing The Hotel Guest Experience?

Technological advancements are significantly enhancing the guest experience in the hotel industry, driving efficiency, personalization, and convenience. Innovations such as mobile check-in and check-out, contactless payments, and digital concierge services are improving operational efficiency and guest satisfaction. The integration of artificial intelligence (AI) and machine learning (ML) in hotel management systems is enabling personalized marketing, dynamic pricing, and tailored guest experiences based on preferences and behavior. Additionally, the use of Internet of Things (IoT) technology is creating smart rooms that offer automated controls for lighting, climate, and entertainment, providing a more comfortable and customizable stay. These technological developments are critical for meeting the evolving expectations of modern travelers and supporting hotel differentiation and growth.

How Are Market Dynamics And Consumer Trends Shaping The Hotels Market?

Market dynamics, such as the growing demand for sustainable and eco-friendly accommodations, the rise of alternative lodging options, and shifting consumer preferences towards unique and immersive experiences, are significantly shaping the hotels market. The increasing focus on sustainability is prompting hotels to adopt green practices, such as energy-efficient systems, waste reduction, and sourcing local and organic products, to appeal to environmentally conscious travelers. The rise of short-term rental platforms, such as Airbnb, is influencing hotel strategies, driving them to offer more personalized and authentic experiences. Additionally, the growing demand for wellness, adventure, and themed travel experiences is encouraging hotels to diversify their offerings and enhance their guest engagement strategies.

What Factors Are Driving The Growth Of The Hotels Market?

The growth in the hotels market is driven by several factors, including the rise in global travel and tourism, technological advancements in guest services, and evolving consumer preferences. A key driver is the increasing demand for diverse and unique accommodation options that cater to different traveler segments, from luxury and wellness to budget and business. The adoption of digital technologies and the focus on enhancing the guest experience through personalization and convenience are also supporting market growth. Additionally, the expansion of tourism infrastructure and the growth of the middle-class population in emerging markets are contributing to the demand for hotel accommodations. These factors, coupled with the ongoing development of sustainable and innovative hospitality concepts, are propelling the global hotels market forward.

SCOPE OF STUDY:

The report analyzes the Hotels market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Type (Business / Commercial, Boutique, Resort, Casino, Transit, Other Types)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Business / Commercial segment, which is expected to reach US$438.0 Billion by 2030 with a CAGR of a 5.6%. The Boutique segment is also set to grow at 6.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $191.7 Billion in 2024, and China, forecasted to grow at an impressive 10.0% CAGR to reach $246.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Hotels Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Hotels Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Hotels Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ACCOR SA, Atlantis, The Palm, Hilton Worldwide Holdings Inc., InterContinental Hotels Group plc, ITC Ltd. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 296 companies featured in this Hotels market report include:

• ACCOR SA
• Atlantis, The Palm
• Hilton Worldwide Holdings Inc.
• InterContinental Hotels Group plc
• ITC Ltd.
• Jumeirah Group
• Marriott International, Inc.
• The Indian Hotels Company Limited (IHCL)

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.