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, other travel accommodations, resort hotels and others.
The top five companies covered are Marriott International, Hilton Worldwide, Wyndham Worldwide Corporation, Hyatt Hotels Corporation and Four Seasons Hotels & Resorts. Marriot International, Inc. was the largest company in the hotel and other travel accommodation market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global hotel and other travel accommodation market was valued at above $855 billion in 2017. North America was the largest region in the hotel and other travel accommodation market in 2017, accounting for 36% market share. The USA was the largest country in the market in 2017, accounting for 30% market share.
Mergers and acquisitions (M&A) in the hotel and other travel accommodation industry are expected to increase, building on a strong year of activity in 2015. M&A interest is likely to be fueled by the desire for growth, high volume of global capital, availability of debt and equity, and continued favorable interest rates. The hotel and other travel accommodation industry saw a series of deals in 2015, with Blackstone Group acquiring Strategic Hotels & Resorts, Jin Jiang acquiring Groupe du Louvre and many more.
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