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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 | Jun 2015

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
$762bn
Annual Growth 10-15
5.1%
Annual Growth 15-20
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Profit
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Employment ('000)
4,366
Businesses
701,000
Industry Analysis & Industry Trends

The Global Hotels and Resorts industry experienced strong growth over the past five years. As a result of a steady rise in global travel rates, international tourism boomed over the period, as the number of global tourist arrivals increased. Moreover, the infusion of tourist dollars has benefited hotels and resorts, as room rates have also increased, causing industry revenue to also grow. Over the next five years, the industry is expected to continue its upward climb. This is because consumers will have more funds available for discretionary purchases due to consistent growth in per capita disposable income, which is expected to increase and boost industry revenue... read more

Industry Key Buyers

IBISWorld estimates that in 2014, the industry's top four players will account for about 13.1% of the available market share, giving this industry a low level of concentration. Although industry concentration is low, it is increasing due to continuing hotel buyouts and mergers, and operators joining franchise and chain operators. Major companies in the hotel segment are increasingly seeking to operate on a global basis and have a presence in major regions and countries and in the major towns and cities in these areas. Despite the existence of global brands with billions in annual revenue, there are a large number of small, independent and often family-run hotels. The industry also has a diverse range of accommodation styles and standards... 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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