Motels

Global Hotel and Motel Industry to 2025 – Market Summary, Competitive Analysis and Forecast

DUBLIN, February 11, 2022–(BUSINESS WIRE)–The “Hotels and Motels Global Industry Guide – Market Summary, Competitive Analysis and Forecast, 2016-2025” report has been added to from ResearchAndMarkets.com offer.

The Global Hotel & Motel Industry Profile provides top-tier qualitative and quantitative summary information including: Industry Size (Value & Volume 2016-20, and Forecast to 2025).

The profile also contains descriptions of major players, including key financial metrics and an analysis of competitive pressures within the industry.

Highlights

  • The hotel and motel industry consists of establishments that provide paid accommodation and full services to guests, usually with a continuous presence of staff. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in terms of value and volume.

  • Industry value includes the total revenue generated by (a) the rent a customer pays for an occupied room and (b) other revenue, including revenue from food and beverages, telecommunications, health and leisure activities and car rental.

  • Industry volume is the number of establishments in a given country that offer paid accommodation and full services to customers.

  • All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using average exchange rates annual constants of 2020.

  • The forecast figures presented in this report are calculated from crisis scenarios for the market. The duration of the pandemic and the restrictions introduced by various countries are still difficult to predict. Many governments have introduced national lockdowns and temporarily banned the sale of products deemed “non-essential”. As the duration of the pandemic and its impact on this market are not certain, the data used in this report has been modeled taking into account the expected impacts on the national economy.

  • The global hotel and motel industry recorded total revenues of $319.3 billion in 2020, representing a compound annual rate of change (CARC) of -20.2% between 2016 and 2020.

  • The number of establishments increased with a compound annual growth rate (CAGR) of 1.2% between 2016 and 2020, reaching a total of 373,927.0 in 2020.

  • Global tourism is booming, boosted by increasing flight accessibility and the rise of China’s globe-trotting middle class, which has boosted demand for hotels and motels.

Scope

  • Save time conducting entry-level research by identifying the size, growth, major segments and key players in the global hotel and motel industry

  • Use five forces analysis to determine the competitive intensity and hence attractiveness of the global hotel and motel industry

  • Major Company Profiles reveal details of the global operations and financial performance of major players in the hotel and motel industry

  • Add weight to presentations and presentations by understanding the future growth prospects of the global hotel and motel industry with a five-year forecast by value and volume.

Reasons to buy

  • What was the size of the global hotel and motel industry by value in 2020?

  • How big will the global hotel and motel industry be in 2025?

  • What factors affect the strength of competition in the global hotel and motel industry?

  • How has the industry fared over the past five years?

  • What are the main segments that make up the global hotel and motel industry?

Companies cited

  • Hilton Worldwide Holdings Inc.

  • InterContinental Hotels Group Plc

  • Choice Hotels International Inc.

  • Huazhu Group Ltd

  • BTG Hotels Group Co Ltd

  • GreenTree Hospitality Group Ltd

  • Wyndham Hotels and Resorts LLC

  • Best Western International Inc.

  • Steigenberger Hotels AG

  • Road Inn Japan Co Ltd

  • Toyoko Inn Co Ltd

  • APA Hotel Ltd

  • Super Hotel Co., Ltd.

  • Accor SA

  • Choice Hotels International Inc.

  • TFE Hotels

  • Shanghai JinJiang Capital Co Ltd

  • Fletcher Hotel Group

  • Van der Valk hotels and restaurants

  • Melia Hotels International SA

  • NH Hotel Group SA

  • Barceló Hotels and Resorts

  • Whitbread PLC

  • Travelodge Hotels Ltd.

  • Marriott International Inc.

For more information about this report visit https://www.researchandmarkets.com/r/wq2eja

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220211005564/en/

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