Global Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026

Global Hotels and Motels Market Summary, Competitive Analysis and Forecast to 2026
Summary

Global Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsThe 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 had total revenues of $534 billion in 2021, representing a negative compound annual rate of change (CARC) of 7.6% between 2016 and 2021.Industry consumption volume increased with a compound annual growth rate (CAGR) of 1.3% between 2016 and 2021, to reach a total of 391,396 establishments in 2021.Global hotels & motels industry is growing significantly in recent years owing to the increasing disposable income, rising leisure and business tourism, growth in sports tourism, increasing number of global events attracting large visitors, boosting infrastructure development easing mobility, and emerging adventure tourists.ScopeSave time carrying out entry-level research by identifying the size, growth, and leading players in the hotels & motels market in the globalUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global hotels & motels marketLeading company profiles reveal details of key hotels & motels market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Global hotels & motels market with five year forecastsReasons to BuyWhat was the size of the Global hotels & motels market by value in 2021?What will be the size of the Global hotels & motels market in 2026?What factors are affecting the strength of competition in the Global hotels & motels market?How has the market performed over the last five years?