Global Pet Friendly Hotel Market Growth Drivers Forecast 2024 - 2033

5 Dec, 2024

How Is The Global Pet Friendly Hotel Market Defined?

A pet-friendly hotel is an accommodation that welcomes guests traveling with pets, such as dogs, cats, and sometimes other animals. These hotels are designed to accommodate pets and provide amenities or services that cater to the needs of both pets and their owners.

Pet Friendly Hotel Global Market Report 2024 provides data on the global pet friendly hotel market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pet friendly hotel market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.

How Is The Global Pet Friendly Hotel Market Size Expected To Expand, And At What Annual Growth Rate?

The pet friendly hotel market has seen rapid growth, expanding from $3.66 billion in 2023 to $4.10 billion in 2024 at a CAGR of 12.4%. This growth is driven by the increasing adoption of pets and the rise in demand for pet-inclusive lodging. The market is expected to reach $6.55 billion by 2028 at a CAGR of 12.4%, supported by the growing number of pet owners, rising demand for specialized pet services, and technological innovations in pet monitoring.

What Are The Key Drivers Fueling Growth In The Pet Friendly Hotel Market?

The rise in pet ownership is expected to fuel the growth of the pet-friendly hotel market. As more people own pets, especially in urban areas, there is an increased demand for accommodations that welcome animals. Pet-friendly hotels make it easier for pet owners to travel with their animals, enhancing the bond between pets and their owners. According to the American Pet Products Association, pet ownership in U.S. households increased from 67% in 2021 to 70% in 2022, contributing to the growth of the pet-friendly hotel market.

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What Are The Principal Market Segments In The Global Pet Friendly Hotel Industry?

The pet friendly hotel market covered in this report is segmented –
1) By Type: Luxury Hotel, Normal Hotel
2) By Booking: Offline, Phone, Online
3) By Application: Pet Cat, Pet Dog, Other Applications

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Which Emerging Market Trends Are Altering The Pet Friendly Hotel Market?

Pet-friendly hotel companies are innovating by offering specialized services like pet-friendly packages. Moxy Hotels, a US-based hospitality brand, launched new dog-friendly packages in April 2024 in partnership with Sir Woofchester’s Canine Hospitality. These packages include amenities such as gourmet food, custom pet beds, and pet-sitting services, attracting more pet-owning travelers.

What Is The Leading Region In The Pet Friendly Hotel Market?

North America was the largest region in the pet friendly hotel market in 2023. The regions covered in the pet friendly hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.