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Hotel And Other Travel Accommodation Global Market Briefing 2017

Hotel And Other Travel Accommodation Global Market Briefing 2017

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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.

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


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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.

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.

Scope

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.

Table Of Contents
Hotel And Other Travel Accommodation Market Characteristics
Hotel And Other Travel Accommodation Market Historic Growth
Drivers Of The Market
Restraints On The Market
Hotel And Other Travel Accommodation Market Forecast Growth
Drivers Of The Market
Restraints On The Market
Hotel And Other Travel Accommodation Market Regional and Country Comparison
Global Hotel And Other Travel Accommodation Market, Split By Region, 2016, $ Billion
Global Hotel And Other Travel Accommodation Market, Historic And Forecast Growth Rate, By Region, 2012-2020
Global Hotel And Other Travel Accommodation Market, Split By Country, 2016, $ Billion
Global Hotel And Other Travel Accommodation Market, Historic And Forecast Growth Rate, By Country, 2012-2020
Hotel and Other Travel Accommodation Market Segmentation
Hotel and Other Travel Accommodation Market Size, Split By Segments, 2016, $ Billion
Hotel and Motel
Casino Hotels
All Other Traveler Accommodation
Hotel And Other Travel Accommodation Market Key Mergers and Acquisitions
Hotel And Other Travel Accommodation Competitive Landscape
Marriot International, Inc
Hilton Worldwide
AccorHotels
Wyndham Worldwide Corporation
Carlson Companies (Carlson Rezidor Hotel Group)
Hotel And Other Travel Accommodation Industry Trends And Strategies
Increasing M&A Activity
Personalization Of Services
Increased Automation In Hotels
Smart Room Keys
Rise In Hotel Analytics
Appendix
NAICS Definitions Of Industry Covered In This Report
Research Methodology
Abbreviations
Currencies
Research Inquiries
The Business Research Company
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. Businesses in this industry generally require multiple teams such as facilities management and direct operations to effectively provide their services to customers. Key participants in the supply chain for this industry are providers of food and beverages, laundry services, furniture suppliers and software solutions. The global hotel and other travel accommodation market is expected to grow to more than $900 billion in 2020 . Many of the trends in the hospitality industry are being driven by the millennials, also known as generation Y, who are typically young adults born between 1982 and 2004 . 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 320 million trips being made by young travelers by 2020, a 47% increase from 2013 . This increasing number of trips by the millennial generation is expected to drive growth in the hotel and other travel accommodation industry. The top five competitors in the market made up 6% of the total market share in 2016. Marriott International was the largest competitor with 2% of the market, followed by Hilton Worldwide, Accor Hotels, Wyndham Worldwide Corporation, Carlson Companies. To match customer expectations in terms of services and the speed at which these services are provided, hotels are implementing a wide range of technologies to measure and meet their clients' expectations. They are implementing advanced analytics solutions to analyze big data to increase profitability and enhance the customer experience. 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 . The most significant investment however is in hotel analytics.
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