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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 SWOT Analysis

The Global Hotels and Resorts industry is in the growth phase of its life cycle. The decline in revenue during 2009 can be directly attributed to the global economic recession as well as the industry's heavy dependence on tourism and disposable income levels. However, over the long term, the industry has exhibited consistent growth. Over the ten years to 2019, industry value added, which measures an industry's contribution to GDP, is expected to grow at an annual rate of 5.6% per year, compared to GDP growth over the same period of 2.9%. This is supported by the expected continuing growth in the international tourism and travel market... 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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