Hotels & Motels in Philippines industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The Filipino hotels & motels industry had total revenues of $3.2 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
- Industry consumption volume increased with a CAGR of 5.2% between 2017 and 2022, to reach a total of 683 establishments in 2022.
- Philippines accounted for a small share of 1.7% in the Asia-Pacific hotels & motels industry in 2022. The demand for hotels & motels in the country is attributed to the growing travel & tourism industry, the growing population, rising consumer purchasing power and expenditure, and economic growth.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the hotels & motels market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Philippines
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines hotels & motels market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Philippines hotels & motels market by value in 2022?
- What will be the size of the Philippines hotels & motels market in 2027?
- What factors are affecting the strength of competition in the Philippines hotels & motels market?
- How has the market performed over the last five years?
- Who are the top competitors in Philippines's hotels & motels market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Wyndham Hotels & Resorts Inc
- Accor SA
- Marriott International Inc
- Hyatt Hotels Corp
