Global Hotels Market to Exhibit 4% CAGR during 2015-2021 due to Growing Demand for Budget Hotels – Industry Analysis, Size, Share, Growth, Trends and Forecast

ResearchMoz added Latest Research Report titled ” Hotels Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 ” to it’s Large Report database.

The Hotel Industry is one of the major sectors in the hospitality sector. Hotel facilities vary in function, size, and cost. The facilities provided by hotels include swimming pool, childcare, conference facilities, business centers, and social function services, among others. The booming travel and tourism industry is one of the major factors boosting the growth of the hotel industry. Apart from this, aggressive branding strategies adopted by the major players are also expected to drive the growth of the hotels market. Hotels are classified based on services they offer into: 1 Star, 2 Star, 3 Star, 4 Star, 5 Star, and unrated. The one star hotels include tourist hotels; two star hotels include standard hotels; 3 star hotels include comfort hotels; 4 star hotels include first class hotels; and 5 star hotels include luxury hotels.

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The report has been segmented by type and region, and highlights the current market trends and provides forecast for the period from 2015 to 2021. We have also covered the current market scenario for hotels and highlighted the future trends that are likely to have an impact on the demand for hotels. The report lists a number of hotels located across major countries in each of the regions. The report also analyzes the macroeconomic factors influencing and inhibiting the growth of the global hotels market.

The 3 Star segment held the largest market share in the global hotels market. Increasing domestic tourism coupled with demand for luxurious lifestyle is one of the major factors fueling the demand in the 3 Star hotels segment. However, unrated segment is expected to be fastest growing segment with increasing demand in the budget hotels segment. However, the 5 Star hotels segment also has huge growth potential. Increasing number of business travelers coupled with demand for better service is one of the major factors fueling the demand in this segment.

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Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Research scope
1.3 Research methodology

Chapter 2 Executive Summary
2.1 Global Hotels Market Snapshot
2.2 Global Hotels Market Revenue, 2014-2021 (USD Billion) and Year on Year Growth (%)

Chapter 3 Global Hotels Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Drivers
3.2.1.1 Increasing expenditure on travel and tourism
3.2.1.2 Segmented offerings from major players
3.2.1.3 Growing tourism industry
3.2.2 Restraints
3.2.2.1 Unstable political environment
3.2.2.2 Natural disasters
3.2.3 Opportunity
3.2.3.1 Untapped opportunities in the luxury hotels segment
3.3 Market Attractiveness Analysis for Global Hotels Market

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