Global Hotels Market

Transparency Market

Research

Global Hotels Market Overview 2021

Published Date

2015-07-20

98 Page Report

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Report Title

Hotels Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 - 2021

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Hotels Market

REPORT DESCRIPTION

Hotels Market - Global Industry Analysis, Growth, Trends and Forecast 2015 –

2021

According to a new market report published by Transparency Market Research “Hotels Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the

hotels market was valued at USD 534.02 billion in 2014, which is expected to reach USD 702.74

billion by 2021, growing at a CAGR of 4.0% from 2015 to 2021.

Hotels industry is one of the major sectors fueling the growth of hospitality sector at the global

level. Booming travel and tourism industry is one of the major factors fueling the demand in the

hotels industry. In addition, with large number of multinational companies opening their bases

globally has also increased the number of business travelers boosting the hotels industry. The

major companies in the hotels market are also focusing on improvement of customer service

experience there by increasing the number of revisits. Moreover, increasing disposable income

and demand for luxurious lifestyle is also boosting the hotels industry. By type, the hotels market

has been segmented into 1 Star, 2 Star, 3 Star, 4 Star, 5 Star and unrated among others.

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3 Star hotels held the largest market share in the hotels market globally and is expected to

remain the market leader throughout the forecast period. The 3 Star segment was valued at USD

179.07 billion...