Global Hotel and Resort Industry Market Research Report 2021 – Key External Drivers

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DUBLIN, August 10, 2021– (BUSINESS WIRE) – The report “Global Hotels & Resorts – Industry Market Research Report” has been added to ResearchAndMarkets.com offer.

In the five years to 2019, the global hotel and resort industry has experienced strong growth as consumers and businesses become more confident in their finances and spend more generously on luxury, including travel. This has resulted in a substantial increase in travel rates and hotel room and occupancy rates, two indicators of a hotel’s performance. Travel spending has also grown rapidly, especially in emerging economies where tourism is on the rise. While the importance of large, well-known hotel chains weighs on the industry, the industry still has low concentration and many small independent operators. Due to the low concentration, the industry remains very competitive and the constant increase in the supply of new hotel rooms has limited the ability of operators to increase room prices. In the five years to 2024, travel spending is expected to increase as global economic conditions continue to improve and consumer spending bolsters revenues for global hotels and resorts.

Operators in the global hotel and resort industry include hotels and resorts with private or shared facilities, and with or without adjoining dining and restaurant services. This includes both chains and franchisees. However, it excludes all other forms of accommodation, such as motels, trailer parks and campgrounds, youth and backpacker hotels, and bed and breakfasts.

This report covers the scope, size, layout and growth of the industry including key sensitivities and success factors. Also included are five-year industry forecasts, growth rates, and analysis of key industry players and their market shares.

Global hotels and resorts

In the five years to 2019, the global hotel and resort industry has experienced strong growth as consumers and businesses become more confident in their finances and spend more generously on luxury, including travel. This has resulted in a substantial increase in travel rates and hotel room and occupancy rates, two indicators of a hotel’s performance. Travel spending has also grown rapidly, especially in emerging economies where tourism is on the rise. While the importance of large, well-known hotel chains weighs on the industry, the industry still has low concentration and many small independent operators. Due to the low concentration, the industry remains very competitive and the constant increase in the supply of new hotel rooms has limited the ability of operators to increase room prices. In the five years to 2024, travel spending is expected to increase as global economic conditions continue to improve and consumer spending bolsters revenues for global hotels and resorts.

Operators in the global hotel and resort industry include hotels and resorts with private or shared facilities, and with or without adjoining dining and restaurant services. This includes both chains and franchisees. However, it excludes all other forms of accommodation, such as motels, trailer parks and campgrounds, youth and backpacker hotels, and bed and breakfasts.

This report covers the scope, size, layout and growth of the industry including key sensitivities and success factors. Also included are five-year industry forecasts, growth rates, and analysis of key industry players and their market shares.

Main topics covered:

ABOUT THIS INDUSTRY

  • Definition of industry

  • Main activities

  • Similar industries

  • Additional resources

THE INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

  • Summary

  • Main external pilots

  • Current performance

  • Industry outlook

  • Industry life cycle

PRODUCTS & MARKETS

  • Supply Chain

  • Products

  • Determinants of demand

  • Main Markets

  • International exchange

  • Commercial locations

COMPETITIVE LANDSCAPE

LARGE COMPANIES

OPERATING CONDITIONS

  • Capital intensity

  • Technology and systems

  • Income volatility

  • Rules and Policy

  • Aid to industry

KEY STATISTICS

  • Industry data

  • Annual change

  • Key ratios

JARGON & GLOSSARY

For more information on this report, visit https://www.researchandmarkets.com/r/i46n5p

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210810005509/en/

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