This Pet Friendly Hotel market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The pet friendly hotel market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.1 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth during the historic period can be attributed to the increased demand for pet-inclusive lodging, the emergence of social media platforms, a rise in pet adoption, the growth of travel agencies, and a higher demand for luxurious hotels.
The pet friendly hotel market size is expected to see rapid growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.The growth anticipated during the forecast period can be attributed to the rising number of pet owners, an increasing aging population, a growing preference for environmentally conscious products, expansion in travel and tourism, and a higher demand for specialized pet care services. Key trends for this period include technological integration, product innovations, the introduction of cat grooming services, the use of smart technology for improved pet monitoring, and the development of stay-and-play packages.
The growing trend of pet ownership is projected to drive the expansion of the pet-friendly hotel market. Pet ownership involves caring for an animal, typically a domesticated species, for companionship, work, or recreational purposes. This increase in pet ownership can be attributed to various factors, including evolving social trends, urbanization, and a rise in young adults delaying parenthood. Pet-friendly hotels cater to this trend by facilitating easier, more enjoyable, and less stressful travel with pets, strengthening the bond between pets and their owners, and promoting a pet-inclusive lifestyle. For example, in June 2021, The American Pet Products Association (APPA), a US-based trade organization, reported that pet ownership in U.S. households increased from 67% in 2021 to 70% in 2022. As a result, the rise in pet ownership is driving growth in the pet-friendly hotel market.
Key players in the pet-friendly hotel sector are concentrating on delivering innovative services, such as pet-friendly packages, to attract pet-owning travelers, enhance the guest experience, and differentiate themselves in a competitive market. These packages typically offer a range of healthy food and drink options specifically designed for canine guests and their owners. They often include specialized amenities such as custom pet beds, gourmet pet food, and pet-sitting services. For instance, in April 2024, Moxy Hotels, a US-based hospitality company, teamed up with Sir Woofchester’s Canine Hospitality, a UK-based hospitality firm, to launch enhanced dog-friendly packages at its hotels. These packages feature dog welcome kits with treats and toys, as well as access to pet-friendly communal spaces. This trend highlights the increasing focus on providing comprehensive, pet-inclusive experiences to attract and retain pet-owning travelers, reflecting broader shifts in consumer behavior toward integrating pets into their lifestyles.
In February 2024, InterContinental Hotels Group PLC, a UK-based hotel management and hospitality service provider, acquired Kimpton Hotels & Restaurants for an undisclosed amount. This acquisition aims to broaden IHG Hotels & Resorts' range of accommodation options, aligning with the evolving preferences of modern travelers who seek tailored and memorable stays. Kimpton Hotels & Restaurants, a US-based hospitality company, is known for offering pet-friendly services.
Major companies operating in the pet friendly hotel market are Marriott International, Loews Hotels, PetSmart Inc., Hilton Worldwide Holdings Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, Wyndham Hotels & Resorts, Montage Hotels & Resorts, Red Roof Inn, Auberge Resorts Collection, The Hoxton, Langham Hospitality Group, Le Bristol Paris, Oetker Collection, Best Friend Pet Care, Dusit International, Barkley Pet Hotel & Day Spa, Eden Roc Cap Cana, Old Towne Pet Resort LLC, Inn By The Sea.
North America was the largest region in the pet friendly hotel market in 2023. The regions covered in the pet friendly hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pet friendly hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A pet-friendly hotel is an accommodation that welcomes guests traveling with pets, including dogs, cats, and occasionally other animals. These hotels are designed to accommodate pets and offer amenities or services tailored to the needs of both pets and their owners.
The main types of pet-friendly hotels include luxury hotels and standard hotels. Luxury hotels are upscale accommodations that offer premium services and amenities, ensuring an opulent experience for guests and their pets. Bookings can be made through offline methods, phone, or online platforms. These hotels cater to various pets, such as cats, dogs, and others.
The pet-friendly hotel market research report is one of a series of new reports that provides pet-friendly hotel market statistics, including pet-friendly hotel industry global market size, regional shares, competitors with a pet-friendly hotel market share, detailed pet-friendly hotel market segments, market trends, and opportunities, and any further data you may need to thrive in the pet-friendly hotel industry. This pet-friendly hotel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pet-friendly hotel market includes revenues earned by entities by providing grooming, pet transportation, and pet siting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The pet friendly hotel market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.1 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth during the historic period can be attributed to the increased demand for pet-inclusive lodging, the emergence of social media platforms, a rise in pet adoption, the growth of travel agencies, and a higher demand for luxurious hotels.
The pet friendly hotel market size is expected to see rapid growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%.The growth anticipated during the forecast period can be attributed to the rising number of pet owners, an increasing aging population, a growing preference for environmentally conscious products, expansion in travel and tourism, and a higher demand for specialized pet care services. Key trends for this period include technological integration, product innovations, the introduction of cat grooming services, the use of smart technology for improved pet monitoring, and the development of stay-and-play packages.
The growing trend of pet ownership is projected to drive the expansion of the pet-friendly hotel market. Pet ownership involves caring for an animal, typically a domesticated species, for companionship, work, or recreational purposes. This increase in pet ownership can be attributed to various factors, including evolving social trends, urbanization, and a rise in young adults delaying parenthood. Pet-friendly hotels cater to this trend by facilitating easier, more enjoyable, and less stressful travel with pets, strengthening the bond between pets and their owners, and promoting a pet-inclusive lifestyle. For example, in June 2021, The American Pet Products Association (APPA), a US-based trade organization, reported that pet ownership in U.S. households increased from 67% in 2021 to 70% in 2022. As a result, the rise in pet ownership is driving growth in the pet-friendly hotel market.
Key players in the pet-friendly hotel sector are concentrating on delivering innovative services, such as pet-friendly packages, to attract pet-owning travelers, enhance the guest experience, and differentiate themselves in a competitive market. These packages typically offer a range of healthy food and drink options specifically designed for canine guests and their owners. They often include specialized amenities such as custom pet beds, gourmet pet food, and pet-sitting services. For instance, in April 2024, Moxy Hotels, a US-based hospitality company, teamed up with Sir Woofchester’s Canine Hospitality, a UK-based hospitality firm, to launch enhanced dog-friendly packages at its hotels. These packages feature dog welcome kits with treats and toys, as well as access to pet-friendly communal spaces. This trend highlights the increasing focus on providing comprehensive, pet-inclusive experiences to attract and retain pet-owning travelers, reflecting broader shifts in consumer behavior toward integrating pets into their lifestyles.
In February 2024, InterContinental Hotels Group PLC, a UK-based hotel management and hospitality service provider, acquired Kimpton Hotels & Restaurants for an undisclosed amount. This acquisition aims to broaden IHG Hotels & Resorts' range of accommodation options, aligning with the evolving preferences of modern travelers who seek tailored and memorable stays. Kimpton Hotels & Restaurants, a US-based hospitality company, is known for offering pet-friendly services.
Major companies operating in the pet friendly hotel market are Marriott International, Loews Hotels, PetSmart Inc., Hilton Worldwide Holdings Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, Wyndham Hotels & Resorts, Montage Hotels & Resorts, Red Roof Inn, Auberge Resorts Collection, The Hoxton, Langham Hospitality Group, Le Bristol Paris, Oetker Collection, Best Friend Pet Care, Dusit International, Barkley Pet Hotel & Day Spa, Eden Roc Cap Cana, Old Towne Pet Resort LLC, Inn By The Sea.
North America was the largest region in the pet friendly hotel market in 2023. The regions covered in the pet friendly hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the pet friendly hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A pet-friendly hotel is an accommodation that welcomes guests traveling with pets, including dogs, cats, and occasionally other animals. These hotels are designed to accommodate pets and offer amenities or services tailored to the needs of both pets and their owners.
The main types of pet-friendly hotels include luxury hotels and standard hotels. Luxury hotels are upscale accommodations that offer premium services and amenities, ensuring an opulent experience for guests and their pets. Bookings can be made through offline methods, phone, or online platforms. These hotels cater to various pets, such as cats, dogs, and others.
The pet-friendly hotel market research report is one of a series of new reports that provides pet-friendly hotel market statistics, including pet-friendly hotel industry global market size, regional shares, competitors with a pet-friendly hotel market share, detailed pet-friendly hotel market segments, market trends, and opportunities, and any further data you may need to thrive in the pet-friendly hotel industry. This pet-friendly hotel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The pet-friendly hotel market includes revenues earned by entities by providing grooming, pet transportation, and pet siting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Pet Friendly Hotel Market Characteristics3. Pet Friendly Hotel Market Trends and Strategies32. Global Pet Friendly Hotel Market Competitive Benchmarking33. Global Pet Friendly Hotel Market Competitive Dashboard34. Key Mergers and Acquisitions in the Pet Friendly Hotel Market
4. Pet Friendly Hotel Market - Macro Economic Scenario
5. Global Pet Friendly Hotel Market Size and Growth
6. Pet Friendly Hotel Market Segmentation
7. Pet Friendly Hotel Market Regional and Country Analysis
8. Asia-Pacific Pet Friendly Hotel Market
9. China Pet Friendly Hotel Market
10. India Pet Friendly Hotel Market
11. Japan Pet Friendly Hotel Market
12. Australia Pet Friendly Hotel Market
13. Indonesia Pet Friendly Hotel Market
14. South Korea Pet Friendly Hotel Market
15. Western Europe Pet Friendly Hotel Market
16. UK Pet Friendly Hotel Market
17. Germany Pet Friendly Hotel Market
18. France Pet Friendly Hotel Market
19. Italy Pet Friendly Hotel Market
20. Spain Pet Friendly Hotel Market
21. Eastern Europe Pet Friendly Hotel Market
22. Russia Pet Friendly Hotel Market
23. North America Pet Friendly Hotel Market
24. USA Pet Friendly Hotel Market
25. Canada Pet Friendly Hotel Market
26. South America Pet Friendly Hotel Market
27. Brazil Pet Friendly Hotel Market
28. Middle East Pet Friendly Hotel Market
29. Africa Pet Friendly Hotel Market
30. Pet Friendly Hotel Market Competitive Landscape and Company Profiles
31. Pet Friendly Hotel Market Other Major and Innovative Companies
35. Pet Friendly Hotel Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Pet Friendly Hotel Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on pet friendly hotel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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Description
Where is the largest and fastest growing market for pet friendly hotel? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pet friendly hotel market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Luxury Hotel; Normal Hotel2) By Booking: Offline; Phone; Online
3) By Application: Pet Cat; Pet Dog; Other Applications
Key Companies Mentioned: Marriott International; Loews Hotels; PetSmart Inc.; Hilton Worldwide Holdings Inc.; Fairmont Hotels & Resorts
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
Some of the major companies profiled in this Pet Friendly Hotel market report include:- Marriott International
- Loews Hotels
- PetSmart Inc.
- Hilton Worldwide Holdings Inc.
- Fairmont Hotels & Resorts
- Hyatt Hotels Corporation
- InterContinental Hotels Group
- Wyndham Hotels & Resorts
- Montage Hotels & Resorts
- Red Roof Inn
- Auberge Resorts Collection
- The Hoxton
- Langham Hospitality Group
- Le Bristol Paris
- Oetker Collection
- Best Friend Pet Care
- Dusit International
- Barkley Pet Hotel & Day Spa
- Eden Roc Cap Cana
- Old Towne Pet Resort LLC
- Inn By The Sea
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | November 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 4.1 Billion |
Forecasted Market Value ( USD | $ 6.55 Billion |
Compound Annual Growth Rate | 12.4% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |