Global Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
- The global hotels & motels industry recorded revenues of $1.23 trillion in 2023, representing a compound annual growth rate (CAGR) of 3.2% between 2018 and 2023.
- The number of establishments in the industry grew at a CAGR of 2.1% between 2018 and 2023, reaching a total of 465,196 in 2023.
- The growing travel and tourism expenditure is a key driver of revenue in the hotels & motels industry. According to the World Travel & Tourism Council (WTTC), the total travel and tourism spending in the US reached $1.37 trillion in 2023, reflecting a 13.7% increase from 2022.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in the global
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global hotels & motels market
- Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Global hotels & motels market with five year forecasts
Reasons to Buy
- What was the size of the Global hotels & motels market by value in 2023?
- What will be the size of the Global hotels & motels market in 2028?
- What factors are affecting the strength of competition in the Global hotels & motels market?
- How has the market performed over the last five years?
- What are the main segments that make up the global's hotels & motels market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accor SA
- Marriott International Inc
- Hilton Worldwide Holdings Inc
- Shanghai Jin Jiang International Hotels Co Ltd
