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Hotel And Other Travel Accommodation Global Market Briefing 2016

Hotel And Other Travel Accommodation Global Market Briefing 2016

From $1,000.00

Including: Hotels and Motels, Casino Hotels, Bed and Breakfast Accommodation and All Other Traveler Accommodation

Covering: Marriott International, Inc, Hilton Worldwide Holdings, Inc, Las Vegas Sands Corporation, MGM Resorts International, Carlson Rezidor Hotel Group, SJM Holding, AccorHotels, Wyndham Worldwide Corporation, Société des Bains de Mer, Caesars Entertainment Corporation, Hyatt Hotels Corporation


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Description

The hotel and other travel accommodation industry provides short-term accommodation, meals and other guest services for travelers and tourists. Establishments in this industry may include hotels, motels, resort hotels and others.

The Hotel And Other Travel Accommodation Global Market Briefing provides strategists, marketers and senior management with the critical information they need to assess the global hotel and other travel accommodation market.

Reasons to Purchase

• Get up to date information available on the hotel and other travel accommodation market globally.
• Identify growth segments and opportunities.
• Facilitate decision making on the basis of historic and forecast data and understand the drivers and restraints on the market.
• Develop strategies based on likely future developments.
• Gain a global perspective on the development of the market.

Description

The Hotel And Other Travel Accommodation Global Market Briefing Report from The Business Research Company covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market.

The market characteristics section of the report defines and explains the market.

The market size section gives the hotel and other travel accommodation market revenues, covering both the historic growth of the market and forecasting the future.

Drivers and restraints looks at the external factors supporting and controlling the growth of the market.

Market segmentations break down the key sub sectors which make up the market. The regional breakdowns section gives the size of the market geographically.

Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last three years are identified.
The trends and strategies section highlights the likely future developments in the hotel and other travel accommodation market and suggests approaches.

Additional information
Markets Covered:

Hotels and Motels, Casino Hotels, Bed and Breakfast Accommodation and All Other Traveler Accommodation

Companies Mentioned:

Marriott International, Inc, Hilton Worldwide Holdings, Inc, Las Vegas Sands Corporation, MGM Resorts International, Carlson Rezidor Hotel Group, SJM Holding, AccorHotels, Wyndham Worldwide Corporation, Société des Bains de Mer, Caesars Entertainment Corporation, Hyatt Hotels Corporation

Geographic scope:

Americas, Europe, Asia, Middle East and Africa, Oceania.

Time series:

Five years historic and forecast.

Data:

Market value in $ billions.

Data segmentations:

Regional breakdowns, market share of competitors, key sub segments.

Sourcing and Referencing:

Data and analysis throughout the report is sourced using end notes.

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Table of Contents
Hotel And Other Travel Accommodation Market Characteristics 5
Hotel And Other Travel Accommodation Market Historic Growth 7
Global Hotel And Other Travel Accommodation Market, Historic Market Size, 2011-2015, $ Billion 7
Drivers Of The Market 9
Restraints On The Market 9
Hotel And Other Travel Accommodation Market Forecast Growth 11
Global Hotel And Other Travel Accommodation Market, Forecast Market Size, 2015-2019, $ Billion 11
Drivers Of The Market 12
Restraints On The Market 12
Hotel And Other Travel Accommodation Market Regional and Country Comparison 14
Global Hotel And Other Travel Accommodation Market, Split By Region, 2015, $ Billion 14
Global Hotel And Other Travel Accommodation Market, Historic And Forecast Growth Rate, By Region, 2011-2019 15
Global Hotel And Other Travel Accommodation Market, Split By Country, 2015, $ Billion 17
Global Hotel And Other Travel Accommodation Market, Historic And Forecast Growth Rate, By Country, 2011-2019 19
Hotel and Other Travel Accommodation Market Segmentation 21
Hotel and Other Travel Accommodation Market Size, Split By Segments, 2015, $ Billion 21
Hotels and Other Travel Accommodations 22
Casino Hotels 22
All Other Traveler Accommodation 22
Hotel And Other Travel Accommodation Market Key Mergers and Acquisitions 23
Hotel And Other Travel Accommodation Competitive Landscape 24
Marriot International, Inc 25
Hilton Worldwide 26
AccorHotels 26
Wyndham Worldwide Corporation 27
Carlson Rezidor Hotel Group 28
Hotel And Other Travel Accommodation Industry Trends And Strategies 29
Increasing M&A Activity 29
Personalization Of Services 29
Increased Automation In Hotels 29
Smart Room Keys 30
Rise In Hotel Analytics 30
Appendix 31
NAICS Definitions Of Industry Covered In This Report 31
Research Methodology 33
Abbreviations 33
Currencies 33
Research Inquiries 33
The Business Research Company 33
Executive Summary
The hotel and other travel accommodation industry includes hotels, motels, casino hotels, resort hotels, bed and breakfast establishments, and all other travel accommodations.

The global hotel and other travel accommodation market is expected to grow more than to $800 billion in 2019. Many of the trends in the hospitality industry are being driven by the young adult also known as millennial generation. A large proportion of this young population aged between 20 to 35 years is showing interest in travelling and exploring places around the world. This trend is expected to continue in the forecast years with an estimated 300 million trips being made by young travelers by 2020, almost a 50% increase from 2013. This increasing number of trips by the millennial generation is expected to drive growth in the hotel and motel industry.

The top five competitors in the market made up more than 7% of the total market share in 2015. Marriott International, Inc. was the largest competitor with 2% of the market, followed by Hilton Worldwide Holdings, Inc., AccorHotels, Wyndham Worldwide Corporation, and Carlson Rezidor Hotel Group. To match customer expectations in terms of services and the speed, hotels are implementing advanced analytics solutions to analyze big data. One key application is to predict occupancy rates more accurately in order to implement surge pricing with the aim of increasing spend and utility rates. Companies in the market are making major investments in technology-based solutions like power check-ins and mobile payment processing in order to satisfy customers.
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