Hotels Market Valued at USD 981.22 Billion in 2023, Projected to Grow at 9.2% CAGR

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North America is expected to hold the highest share in the Global Hotels Market.

Hotels Market Overview:

Maximize Research is a Business Consultancy Firm that has published a detailed analysis of the Hotels Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Hotels Market  by thorough analysis, and projections are made up to 2030.

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Hotels Market Scope and Methodology: 

The report covers a thorough overview of the worldwide Hotels Market , outlining its historical performance, present state, and anticipated future developments. It includes competitive landscape assessment, segment analysis,  dynamics, and regional insights. This procedure is started by Maximize  Research with a comprehensive literature study, which gathers information from a wide range of sources, including academic journals, industry papers, and  studies. This thorough analysis not only acquaints academics with current knowledge but also points out uncharted areas that beg for more inquiry. Researchers may learn a great deal about efficient ways to accomplish study goals by carefully examining the methods used in earlier studies.

The secondary research approach was used to collect data from a certain collection of sources to learn about important Hotels Market sector participants as well as previous and present  trends. Interviews with Hotels Market industry specialists were conducted as part of the main research technique, which involved verifying the material gathered from secondary research. Along with a detailed analysis of the competitive environment and the goods offerings of significant Hotels Market rivals, the research also explores growth prospects in both micro and macro sectors that stakeholders should think about investing in. A SWOT analysis was performed to identify the Hotels Market 's advantages and disadvantages.

Hotels Market Regional Insights:

The size and trends in the Hotels Market  in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).

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Hotels Market Segmentation:

by Hotel Type

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

by Price Level

Luxury
Upscale
Midscale
Economy

by Room Capacity

Small
Medium
Large
Mega

by Business Model

Individual
Chain

The market is divided into two segments based on the business model: individual and chain. In the projection period, the chain business model segment is anticipated to develop at a CAGR. By the end of the forecast year 2030, chain hotel revenue is predicted to increase from US$ 74 billion in 2023 to US$ 178.6 billion. This change indicates that stakeholders in the hotel industry are shifting their investments from individual hotels to chains. Since chains and franchises are becoming more and more popular in upscale and midscale hotels, hotel owners are using cutting-edge software and new digital gadgets to streamline operational procedures for managers and provide consumers predictable and inexpensive rates.

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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:  Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Looking for  analysis? Check out the summary of the research report for key insights: https://www.maximizemarketresearch.com/market-report/hotels-market/47478/

Hotels Market Major Players:

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

Key questions answered in the Hotels Market are:

  • What is Hotels Market?
  • Which are the factors expected to drive the Hotels Market  growth?
  • Who are the leading companies and what are their portfolios in Hotels Market ? 
  • What growth strategies are the players considering to increase their presence in Hotels Market?
  • What are the upcoming industry applications and trends for the Hotels Market ?
  • What will be the CAGR at which the Hotels Market  will grow?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Hotels Market ?
  • What are the different segments of the Hotels Market ?
  • What is the growth rate of the Hotels Market ?
  • What segments are covered in the Hotels Market ?
  • What are the key challenges and opportunities in the Hotels Market ?
  • Which application holds the highest potential in the Hotels Market ?
  • Who are the key players in the Hotels Market ?

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Maximize  Research is a multifaceted  research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide -verified industry estimations, technical trend analysis, crucial  research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Research: [email protected]  

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