Global Hotels & Resorts - Industry Market Research Report

Global Hotels & Resorts - Industry Market Research Report

  • May 2020 •
  • 36 pages •
  • Report ID: 4386972 •
  • Format: PDF
Abstract

Global Hotels & Resorts
Over the five years to 2019, the Global Hotels and Resorts industry experienced strong growth as both consumers and businesses became more confident about their finances and spent more liberally on luxuries, including travel. This culminated in a substantial increase in both travel rates and hotel room and occupancy rates, two indicators of a hotel’s performance. Travel spending has also picked up quickly, especially in emerging economies where tourism is on the rise. While the prominence of large well-known hotel chains looms over the industry, the industry still has a low concentration and numerous small independent operators. Due to the low concentration, the industry remains highly competitive and the steady increase in the supply of new hotel rooms has limited the ability of operators to raise room prices. Over the five years to 2024, travel spending is projected to increase as global economic conditions continue to improve and consumer spending bolsters revenue for global hotels and resorts.

Operators in the Global Hotels and Resorts industry include hotel and resort accommodations with private or shared facilities, and with or without meal services and restaurants attached. This includes both chain and franchised operators. However, it excludes all other forms of accommodation, such as motels, caravan parks and camping grounds, youth and backpacker hotels and bed and breakfast establishments.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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