The pet-friendly hotel market size has grown rapidly in recent years, projected to increase from $3.66 billion in 2023 to $4.10 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to rising demand for pet-inclusive lodging, the emergence of social media platforms, increased pet adoption, a rise in travel agencies, and growing demand for luxurious hotels. The pet-friendly hotel market is expected to continue this rapid growth, reaching $6.55 billion in 2028 at a CAGR of 12.4%. This anticipated growth in the forecast period is due to the increasing number of pet owners, an aging population, a preference for environmentally conscious products, growth in travel and tourism, and rising demand for specialized pet care services. Major trends during this period include integration with technology, product innovations, introducing cat grooming services, incorporating smart technology for enhanced pet monitoring, and developing stay-and-play packages.
Global Pet Friendly Hotel Market Key Driver
The increasing pet ownership is expected to propel the growth of the pet-friendly hotel market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one’s care for companionship, work, or recreational purposes. The rise in pet ownership can be attributed to various factors, such as social trends, urbanization, and a growing number of young adults delaying parenthood. Pet-friendly hotels cater to this trend by making it easier, more enjoyable, and less stressful to travel with pets, enhancing the bond between pets and their owners while promoting a pet-inclusive lifestyle. For instance, in June 2021, according to The American Pet Products Association (APPA), a US-based trade organization for the pet industry, pet ownership increased from an estimated 67% of U.S. households owning a pet in 2021 to an estimated 70%. Therefore, increasing pet ownership is driving the growth of the pet-friendly hotel market.
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Global Pet Friendly Hotel Market Segments
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
By Geography:The regions covered in the pet friendly hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the pet friendly hotel market in 2023.
Major Pet Friendly Hotel Industry Players
Marriott International, Loews Hotels , PetSmart Inc., Hilton Worldwide Holdings Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, Wyndham Hotels & Resorts, Montage Hotels & Resorts, Red Roof Inn , Auberge Resorts Collection, The Hoxton , Langham Hospitality Group, Le Bristol Paris, Oetker Collection, Best Friend Pet Care, Dusit International , Barkley Pet Hotel & Day Spa, Eden Roc Cap Cana , Old Towne Pet Resort LLC, Inn By The Sea
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Pet Friendly Hotel Market Overview
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 2023 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.
