Hotels and accommodation is a sub-category of CTM that involves arranging for and managing accommodation, which is a crucial part of business travel. Activities such as comparing hotel services, negotiating rates, and booking hotels are carried out by buyers while focusing on maintaining employee satisfaction and managing security and risks. This category is the second highest spend area of CTM after air tickets. This market is set to witness an accelerating spend momentum owing to the growing popularity of the budget hotel segment.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Hotels and Accommodation Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Hotels and Accommodation Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Hotels and Accommodation Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Hotels and Accommodation Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Rise in business travel and low airfares
Category management strategy
- Buyers prefer to engage with suppliers with faster reservation request response
Procurement best practices
- Engage with suppliers that levy minimum attrition penalty
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report.
Table of Contents
PART 01: Executive Summary
PART 02: Market Insights
PART 03: Category Pricing Insights
PART 04: Cost-Saving Opportunities
PART 05: Best Practices
PART 06: Category Ecosystem
PART 07: Category Management Strategy
PART 08: Category Management Enablers
PART 09: Suppliers Selection
PART 10: US Market Insights
PART 11: Suppliers Under Coverage
PART 12: Category Definition
PART 13: Appendix
List of Exhibits:
Executive Summary
The following companies are recognised as the key suppliers in the Global Hotels and accommodation Category - Procurement Market Intelligence Report: Marriott, Hilton, Accor, Hyatt, Wyndham Destinations, Four Seasons Hotels.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with suppliers that use cloud-based LMS which enables the latter to streamline their labor management.”
According to the report, one of the key growth contributors for the global hotels and accommodation market is the increase in business travel due to the rapid globalization of businesses and the subsequent need for project-related travel.
Further, the report states that one of the key category management strategies for the buyers in the global hotels and accommodation market is to engage with suppliers with faster reservation request response, as it minimizes booking timelines.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Marriott
- Hilton
- Accor
- Hyatt
- Wyndham Destinations
- Four Seasons Hotels.
Methodology
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