The increase in the demand for travel and tourism Hotels Market has gained significant growth in recent years. It is one of the best markets to achieve more revenue from the hospitality Industry. The multinational companies have opened their bases globally to improve customer services. The Geographical, and political environment is one of the major factor that influences the market.
Top Players Involving in Hotels Market:
Marriott International, Inc.(U.S.), Hilton Worldwide Holdings Inc. (U.S.), Accor Hotels (France), Indian Hotels Company Ltd. (India), ITC Ltd. (India), InterContinental Hotels Group PLC (U.K), Starwood Hotels 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 Hotels 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 Hotels 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 hotels 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 Hotels Market. The US has a major market for this industry. The Asia Pacific also has 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 Hotels Market. It provides the perspective 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.