Overview

Sleeping sound: The industry will continue to grow as more consumers opt for unique lodging

IBISWorld’s Industry Market Report on Boutique Hotels is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Travelers have grown increasingly wary of staying in cookie-cutter hotels geared toward a mass audience
  • Boutique hotels attract their highest-revenue customers during times of peak business
  • Travel spending is projected to increase over the next five years due to higher demand

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    Industry Analysis & Industry Trends

    Over the past five years, the Boutique Hotels industry has experienced steady growth as various consumer trends supported demand for industry services. The consumer confidence and spending have both experienced steady increases over the period, for instance, helping the amount both domestic and international travel to increase. Another consumer trend has been the gravitation toward unique lodging and experiences, which establishments in the Boutique Hotels industry offer. Over the five years to 2022, the industry will continue experiencing this robust growth as both domestic and non-US resident trips are forecast to continue to increase, as well as consumer spending, despite the volatility of the consumer confidence index...

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    Industry Report - Starting a New Business Chapter

    The Boutique Hotels industry has a low-level concentration, with the top four players expected to account for about 45.3% of the available market share in 2017. However, albeit lower than chain hotel start-up and operating costs, start-up costs can be prohibitively high. Boutique hotels benefit from being able to convert buildings not normally suitable for hotel use, smaller spaces, while using low-cost luxurious materials (e.g. slate instead of imported marble). Moreover, independent boutique hotels do not have franchise fees, and some boutique hotels brands offer limited partnerships with investors. Nonetheless, capital expenditure remains high.

    Labor costs are lower for boutique hotels because of their smaller size in relation to chain hotels. Als..

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    Additional Insights for the Boutique Hotels Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Boutique Hotels Industry are

  • Having an experienced work force
  • Carrying out all necessary maintenance to keep facilities in good condition
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Domestic trips by US residents and Inbound trips by non-US residents in the Boutique Hotels industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Boutique Hotels Industry?

    This industry includes intimate, luxurious and upscale hotel environments that feature unique architecture and design. They are also known as lifestyle hotels, villas and wellness hotels. The establishments in this industry may offer food and beverage services, as well as having restaurants, spas and salons on the premises. This industry does not include chain hotels, though it does include boutique brands owned by larger hotel groups.

    Industry Products
    Lodging
    Spa and wellness services
    Food and beverages
    Industry Activities
    Operating boutique hotels
    Operating restaurants
    Operating spas and salons

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Domestic trips by US residents
  • Inbound trips by non-US residents
  • Consumer Confidence Index
  • Consumer spending
  • Households earning more than $100,000

  • Current Performance
  • The boutique experience and technology
  • The business case
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Trends promoting growth
  • Players, people and profit
  • Table: Boutique Hotels Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Boutique Hotels Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Domestic Airlines
  • Travel Agencies
  • Tour Operators
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Computer & Packaged Software Wholesaling
  • Cosmetic & Beauty Products Manufacturing
  • Fruit & Vegetable Wholesaling
  • Soap & Cleaning Compound Manufacturing
  • TV & Appliance Wholesaling
  • Wine & Spirits Wholesaling

  • Products & Services
  • Lodging
  • Food and beverages
  • Spa and wellness services
  • Chart: Boutique Hotels Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Domestic leisure travelers
  • Business travelers
  • International leisure travelers
  • Chart: Major Market Segmentation for the Boutique Hotels Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Boutique Hotels

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Boutique Hotels Industry

  • Industry Globalization
    Major Companies
    Marriott International Inc.InterContinental Hotels Group PLCTwo Roads Hospitality
  • Table: Marriott International Inc. - financial performance
  • Table: InterContinental Hotels Group PLC - financial performance
  • Table: Two Roads Hospitality - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Boutique Hotels Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Boutique Hotels Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic Trips (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Boutique Hotel
  • Intimate, usually luxurious or quirky and upscale hotel environments for a very particular clientele.
  • Computer Reservation Systems (Crs)
  • Computerized systems used to store and retrieve information and conduct transactions related to travel.
  • Global Distribution Systems (Gds)
  • A worldwide computerized reservation network used as a single point of access for reserving airline seats, hotel rooms, rental cars, and other travel related items.
  • Revenue Per Available Room (Revpar)
  • A measurement that is calculated by multiplying a hotel's average daily room rate by its occupancy rate.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Boutique Hotels:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Boutique Hotels market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Boutique Hotels, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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