Hotels Market is expected to grow at a CAGR of more than 4.6% by 2027, with a significant demand for green hotels owing to the growing awareness for sustainability, says Absolute Markets Insights.

Hotels Market

Hotels have been going extra mile for the benefit of the environment. Several are using solar and geothermal energy and biomass heating technologies for operational requirements. Small-scale farm-to-table food programs are also catching the interest of many players. The growing recognition among the tourists for reducing their carbon footprint has made the aforementioned things a criteria for selection of hotels. Green hotels have gained popularity among genext travelers. Hi Hotel, based in France, has been accredited with Green Globe certification for using recycled paper, organic paint, eco-friendly cleaning products and organic food. The hotel has moved its focus from conventional luxury towards contemporary living and changing up ordinary spatial structures. Similarly, Hix Island House in Puerto Rico runs on batteries charged by solar power. It also recycles rainwater and is designed to catch cooling winds and return grey water (a relatively clean waste water) to the environment. Such sustainability measures adopted by the hotels are attracting tourists along with creating operational efficiency.

The governing bodies of many regions are also paying special attention to environmental friendly nature of accommodation providers. The European Union has set strict minimum standards with regard to environmental performance and health standards to achieve EU Ecolabel. All these accreditations prominently impact the decision of the tourists.

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“Green Hotels – An Attractive Concept! Awareness regarding environment friendly aspect is creating a demand for hotels operating on green models and is expected to drive the growth. Administrative bodies are also favoring the change. Buenos Aires has presented a new labeling system for hotels and hostels, Ecosello. It aims at developing eco-consciousness with three levels of certification, i.e., committed, advanced, and excellence, among tourism operators in the region.”

The detailed research study provides qualitative and quantitative analysis of the global hotels market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.

Global Hotels Market Revenue (US$ Million), 2018

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Some of the major players operating in the global hotels market are AccorHotels, Best Western International, Inc.  China Lodging Group, Limited, Choice Hotels International, Inc.  citizenM, Hilton, Hyatt Corporation, InterContinental Hotels Group, ITC Hotels, Jumeirah International LLC, Magnuson Hotels, Marriott International, Inc., NH Hotel Group Santa Engracia, Radisson Hotel Group., Shanghai Jin Jiang, International Hotels (Group) Company Limited., The Indian Hotels Company Limited, Westmont Hospitality Group, Wyndham Hotels & Resorts, Inc. amongst others.

By Size

  • Small Hotel
  • Medium Hotel
  • Large Hotels and Very Large Hotels

By Star

  • 1 and 2 Star
  • 3 Star
  • 4 Star
  • 5 Star

By Type

  • Business or Commercial Hotels
  • Transient Hotels
  • Boutique Hotels
  • Residential Hotels
  • Suite Hotels
  • Bed and Breakfast Hotels
  • Casino Hotels
  • Green Hotels
  • Others

By Ownership

  • Independent Hotels
  • Chain

By Budget

  • Economy
  • Luxury
  • Elite

By End-User

  • Leisure
  • Business

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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