The increase in the demand of travel and tourism Hotel Market has gain significant growth in recent years. It is one of the best market to achieve more revenue from the hospitality Industry. The multinational companies have opened their bases globally to improve the customer services. The Geographical, and political environment is one of the major factor that influencing the market.
Top Players Involving in Hotel Market:
Marriott International, Inc.(U.S.), Hilton Worldwide Holdings Inc. (U.S.), Accor Hotel (France), Indian Hotel Company Ltd. (India), ITC Ltd. (India), InterContinental Hotel Group PLC (U.K), Starwood Hotel and Resorts Worldwide (U.S.), Jumeirah Group LLC (UAE), Atlantis The Palm Limited (UAE), Four Seasons Holdings Inc. (Canada)
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The survey report titled “Global Hotel Market 2019” has been crafted based on the core factors that encapsulates every core aspect stating that describes a series of passages through the data ranging from fundamental information to a conclusive forecast (2025). This data is being used to upfront a company’s standing in the global market.
The global Hotel Market is expected to grow at a CAGR of +4% over the forecast period with the top most multinational companies along with the new entrants.
Customer Type: Business and Leisure
Type of Hotel: Budget, Midscale, Upscale and Luxury
Type: 1 Star, 2 Star, 3 Star, 4 Star, 5 Star and unrated among others
3 Star Hotel have occupied more market shares in the recent past.
Regional Analysis: North America (NA), Europe (EU), Middle East and Africa (MEA), Asia Pacific (APAC), Latin America (LA)
North America is the matured region in Hotel Market. US having the major market for this industry. Asia Pacific also having a large share in this market. Singapore is the developing market in the Asia Pacific. Germany, France, U.K., and Italy are the major countries of the Europe market.
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Apart from these details this report consists of the qualitative and quantitative analysis of this Hotel Market. It provides the prospective on various factors which causes the driving and restraining market growth, forecast on the basis of type, region, application, helps in understanding the market and its future, market segments.