FEATURED COMPANIES
- Hilton Worldwide
- Hyatt Hotels Corporation
- Marriott International
- Wyndham Corporation
Hotel And Other Travel Accommodation Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global hotel and other travel accommodation market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the hotel and other travel accommodation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hotel And Other Travel Accommodation market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hotel and other travel accommodation market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Hotel And Motel; Casino Hotels; Bed And Breakfast Accommodation; All Other Traveler Accommodation
2) By Mode of Booking: Online Bookings; Direct Bookings; Others
3) By Application: Tourist Accomodation (Leisure); Official Business (Professional)
4) By Price Point: Economy; Mid-Range; Luxury
5) By Ownership: Chained; Standalone
Companies Mentioned: Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels & Resorts
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, hotel and other travel accommodation indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the hotel and other travel accommodation? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Hotel And Other Travel Accommodation market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hotel and other travel accommodation market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The hotel and other travel accommodation market section of the report gives context. It compares the hotel and other travel accommodation market with other segments of the non-residential accommodation services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, hotel and other travel accommodation indicators comparison.
Scope
Markets Covered:
1) By Type: Hotel And Motel; Casino Hotels; Bed And Breakfast Accommodation; All Other Traveler Accommodation
2) By Mode of Booking: Online Bookings; Direct Bookings; Others
3) By Application: Tourist Accomodation (Leisure); Official Business (Professional)
4) By Price Point: Economy; Mid-Range; Luxury
5) By Ownership: Chained; Standalone
Companies Mentioned: Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation; Four Seasons Hotels & Resorts
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, hotel and other travel accommodation indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Hotel and Other Travel Accommodation Market
What is the estimated value of the Global Hotel and Other Travel Accommodation Market?
What is the growth rate of the Global Hotel and Other Travel Accommodation Market?
What is the forecasted size of the Global Hotel and Other Travel Accommodation Market?
Who are the key companies in the Global Hotel and Other Travel Accommodation Market?
FEATURED COMPANIES
- Hilton Worldwide
- Hyatt Hotels Corporation
- Marriott International
- Wyndham Corporation
1. Executive Summary2. Report Structure7. Hotel And Other Travel Accommodation Market Trends And Strategies8. Impact Of COVID-19 On Hotel And Other Travel Accommodation21. Key Mergers And Acquisitions In The Hotel And Other Travel Accommodation Market25. Copyright And Disclaimer
3. Hotel And Other Travel Accommodation Market Characteristics
4. Hotel And Other Travel Accommodation Market Product Analysis
5. Hotel And Other Travel Accommodation Market Supply Chain
6. Hotel And Other Travel Accommodation Market Customer Information
9. Hotel And Other Travel Accommodation Market Size And Growth
10. Hotel And Other Travel Accommodation Market Regional Analysis
11. Hotel And Other Travel Accommodation Market Segmentation
12. Hotel And Other Travel Accommodation Market Metrics
13. Asia-Pacific Hotel And Other Travel Accommodation Market
14. Western Europe Hotel And Other Travel Accommodation Market
15. Eastern Europe Hotel And Other Travel Accommodation Market
16. North America Hotel And Other Travel Accommodation Market
17. South America Hotel And Other Travel Accommodation Market
18. Middle East Hotel And Other Travel Accommodation Market
19. Africa Hotel And Other Travel Accommodation Market
20. Hotel And Other Travel Accommodation Market Competitive Landscape
22. Market Background: Non-Residential Accommodation Services Market
23. Recommendations
24. Appendix
FEATURED COMPANIES
- Hilton Worldwide
- Hyatt Hotels Corporation
- Marriott International
- Wyndham Corporation
Major companies in the hotel and other travel accommodation market include Marriott International; Hilton Worldwide; Wyndham Corporation; Hyatt Hotels Corporation and Four Seasons Hotels & Resorts.
The global hotel and other travel accommodation market is expected to grow from $673.02 billion in 2020 to $801.9 billion in 2021 at a compound annual growth rate (CAGR) of 19.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1052.84 billion in 2025 at a CAGR of 7%.
The hotel and other travel accommodation market consists of sales of short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels by entities (organizations, sole traders or partnerships) that provide short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels. The establishments in this industry may offer food and beverage services, recreational services, conference rooms, convention services, laundry services, parking, and other services. The hotel and other travel accommodation market is segmented into hotel and motel; casino hotels; bed and breakfast accommodation and all other traveler accommodation.
Asia Pacific was the largest region in the global hotel and other travel accommodation market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 27% of the global hotel and other travel accommodation market. Africa was the smallest region in the global hotel and other travel accommodation market.
Hotels are using technologies that are transforming customer experiences. Some technologies are leading to great improvements and savings to the hotel and other travel accommodation market. The most significant trend in the accommodation industry is the use of near-field-communication (NFC) technology, infrared technologies, and robots. NFC gives users the ability to exchange data between devices, making mobile payments an instant, secure process. Infrared sensors are used in hotels to address customer complaints involving housekeeping interruptions. Hotels are also using robots to deliver amenities to guest rooms and for other functional purposes. Hotel operators are investing in systems and technologies that can automate processes, cut costs and personalize the experience for guests.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the hotel and other travel accommodation market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the hotel and other travel accommodation market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Increasing use of social media and access to mass media is positively impacting the tourism and hotel industries. With tourists sharing their travel information, photographs and videos on social media platforms, people are increasingly becoming aware of the tourist destinations and recreational experiences offered by different countries around the world. According to a survey by WeSwap, the holiday destination of 37% of the millennials was inspired by social media content and 61% of the travelers want to share their experiences online. Also, the mass media is playing an important role in helping countries promote tourism by educating people about their culture. This rising awareness is resulting in large number of people travelling abroad and is expected to drive growth in the hotel and other travel accommodation industry during the forecast period.
The global hotel and other travel accommodation market is expected to grow from $673.02 billion in 2020 to $801.9 billion in 2021 at a compound annual growth rate (CAGR) of 19.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1052.84 billion in 2025 at a CAGR of 7%.
The hotel and other travel accommodation market consists of sales of short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels by entities (organizations, sole traders or partnerships) that provide short-term lodging services and related goods in facilities known as hotels, motor hotels, resort hotels, and motels. The establishments in this industry may offer food and beverage services, recreational services, conference rooms, convention services, laundry services, parking, and other services. The hotel and other travel accommodation market is segmented into hotel and motel; casino hotels; bed and breakfast accommodation and all other traveler accommodation.
Asia Pacific was the largest region in the global hotel and other travel accommodation market, accounting for 37% of the market in 2020. North America was the second largest region accounting for 27% of the global hotel and other travel accommodation market. Africa was the smallest region in the global hotel and other travel accommodation market.
Hotels are using technologies that are transforming customer experiences. Some technologies are leading to great improvements and savings to the hotel and other travel accommodation market. The most significant trend in the accommodation industry is the use of near-field-communication (NFC) technology, infrared technologies, and robots. NFC gives users the ability to exchange data between devices, making mobile payments an instant, secure process. Infrared sensors are used in hotels to address customer complaints involving housekeeping interruptions. Hotels are also using robots to deliver amenities to guest rooms and for other functional purposes. Hotel operators are investing in systems and technologies that can automate processes, cut costs and personalize the experience for guests.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the hotel and other travel accommodation market in 2020 as governments globally imposed restrictions on domestic and international travel limiting the need for services offered by these establishments. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the hotel and other travel accommodation market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Increasing use of social media and access to mass media is positively impacting the tourism and hotel industries. With tourists sharing their travel information, photographs and videos on social media platforms, people are increasingly becoming aware of the tourist destinations and recreational experiences offered by different countries around the world. According to a survey by WeSwap, the holiday destination of 37% of the millennials was inspired by social media content and 61% of the travelers want to share their experiences online. Also, the mass media is playing an important role in helping countries promote tourism by educating people about their culture. This rising awareness is resulting in large number of people travelling abroad and is expected to drive growth in the hotel and other travel accommodation industry during the forecast period.
A selection of companies mentioned in this report includes:
- Marriott International
- Hilton Worldwide
- Wyndham Corporation
- Hyatt Hotels Corporation
- Four Seasons Hotels & Resorts
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