Hotels Market - Analysis and Forecast 2015 – 2021

Transparency Market

Research

Hotels Market - Global Industry Analysis, Size, Share,

Growth, Trends and Forecast 2015 - 2021

Published Date

2015-07-20

98 Page Report

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Global Hotels Market : Increase in Disposable Income Propels

Market

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Hotels Market

REPORT DESCRIPTION

Global Hotels Market : Increase in Disposable Income Propels Market

The recent boom in the hospitality sector has boosted the global hotels industry to a great

extent. The rise in disposable income has enabled people to spend on touring and traveling to

various places, which has transformed the market for hotels in the global scenario.

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Market : http://www.transparencymarketresearch.com/hotels-market.html

Analysts have determined that the worldwide global hotel market stood at US$534.02 billion in

2014. Over the period from 2015 to 2021, the market is expected to develop significantly on

account of heavy investments from major market players and report a CAGR of 4%, attaining an

estimated value of US$702.74 billion by 2021.

3-Star Hotels Market: Rising Prosperity among Middle-class Consumers Boosting

Market Growth

There are 6 types of hotels across the world, unrated, 1-star, 2-star, 3-star, 4-star, and 5-star.

Among these, the 3-star hotels segment has recorded the highest growth, owing to the increased

capacity for expenditure among middle-class customers. The rising number of visitors has

encourages hoteliers to add more facilities to their 3-star hotels, which is drawing more attention

from customers and fueling the 3-star hotels market.

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On the other hand, analysts expect the unrated hotels...