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Global Hotels & Resorts: Market Research Report

Global Market Research • Global Market Size • Industry Statistics • Industry Analysis • Industry Trends

Global Hotels & Resorts Market Research Report | Jul 2014

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Hotels & Resorts global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies globally and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Hilton Worldwide Hilton Worldwide market share
Marriott International Marriott International market share
Industry Statistics & Forecast
Revenue
$717bn
Annual Growth 09-14
5.3%
Annual Growth 14-19
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Profit
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Employment ('000)
4,264
Businesses
687,000
Industry Analysis & Industry Trends

The Global Hotels and Resorts industry has undergone a sustained recovery since the recent global economic downturn. Travel spending has picked up quickly and the number of global tourist arrivals has grown. As a result of increased demand for hotel and resort accommodations, room rates have increased, driving industry revenue. In the five years to 2019, the industry is expected to continue to excel, as the global economy continues to improve. Consumers will have more funds available for discretionary purchases due to consistent growth in per capita disposable income, and the industry's shift towards emerging economies will continue, taking advantage of improved tourism infrastructure in those regions... read more

Industry Locations

The industry is generally spread according to its global share of domestic and international tourism generated activity. An estimated 42.2% of global travel and tourism economic activity occurs in Europe and an estimated 37.8% of the Global Hotels and Resorts industry's revenue is generated in the same region. North America is the industry's second largest market. While less tourism revenue is generated in North America, hotels in the United States and Canada generate significant revenue from business travelers and domestic tourists.

Within these regions, significant differences in share of hotels and international tourism by sub-region occur, which IBISWorld expects provides a good indicator of share of the industry... read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Global Hotels & Resorts Industry?

Operators in this industry include hotel and resort accommodations with private or shared facilities, and with or without meal services and restaurants attached. This includes both chain and franchised operators. However, it excludes all other forms of accommodation such as motels, caravan parks and camping grounds, youth and backpacker hotels, and bed and breakfast establishments

Industry Products
High-end hotel accommodationMedium-end hotel accommodationLow-end hotel accommodationResort accommodation
 
Industry Activities
Operating hotels with private facilitiesOperating holiday resorts


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