Hotels Demand Skyrockets in North America and Asia Pacific Amid Travel Rebound

Hotels Market Overview:

The primary goal of MMR’s Hotels Market report is to assist organizations in making informed business decisions. This aids them in identifying areas that require improvement, recognizing those that are already performing effectively, and guiding new entrants as they navigate and establish themselves within the competitive landscape. The inclusion of the competitive landscape, complete with revenue figures for each player, equips clients with insights to formulate strategies aimed at enhancing their footprint within the Hotels industry.

Growth Trajectory for Hotels Market:

The Hotels Market size was valued at USD 1071.49 Billion in 2024 and the total Hotels revenue is expected to grow at a CAGR of 9.2% from 2025 to 2032, reaching nearly USD 2166.55 Billion.

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Hotels Market Report Scope and Research Methodology:

The primary goal of the Hotels market report is to offer a comprehensive analysis presented in an accessible language. The research encompasses key companies and critical factors within the Hotels market, evaluated across various metrics including volume, share, growth, and strategies. This research not only assists existing players in refining their business plans but also provides strategic insights for prospective entrants. MMR’s research is a meticulous exploration of the Hotels market landscape, identifying the foremost global companies based on metrics such as volume, share, strategies, and growth. The report extends strategic guidance to both established industry participants and potential newcomers aiming to enter the Hotels market. At a global level, the report for the Hotels market provides a thorough breakdown of share distribution across regions, accompanied by a detailed analysis of demand growth factors specific to each region.

Hotels Market Regional Insights:

The report provides a detailed analysis of Hotels market dynamics with market size and share in each region and country:

1. North America 
2. Asia Pacific
3. Europe
4. Middle East and Africa 
5. South America

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Hotels Market Segmentation:

by Hotel Type

Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Transit Hotels
Bed & Breakfast Hotels
Others

Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others are the different hotel types that make up the market. Over the course of the projected period, the business/commercial hotels segment is anticipated to expand quickly at a CAGR. The primary driver of the business/commercial hotel segment’s growth in the global market over the projection period is the growing demand from consumers for these lodging options, which offer numerous advantages to patrons.

by Price Level

Luxury
Upscale
Midscale
Economy

The market is divided into four segments based on price level: luxury, upscale, midscale, and economy. Over the course of the projected period, the luxury category is anticipated to expand quickly at a CAGR. The increase in tourism, increased disposable income, rising living standards, and a growing desire for leisure travel are the main drivers of the luxury market’s expansion. These are the main drivers of the global market’s expansion throughout the course of the predicted period.

by Room Capacity

Small
Medium
Large
Mega

The market is divided into four segments based on room capacity: small, medium, large, and mega. By 2032, it is anticipated that the small room capacity segment will hold the biggest market shares. Small hotels are characterised by their small rooms, space-saving architecture, and lower-than-average rates, and they are popping up in major cities all over the world.

by Business Model

Individual
Chain

The market is divided into two segments based on the business model: individual and chain. Over the course of the forecast period, the chain business model segment is anticipated to expand quickly at a CAGR. By the end of the prediction year 2032, chain hotels’ revenue is anticipated to have increased from US$ 74 billion in 2024 to US$ 178.6 billion.

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Hotels Market Key Players:

1. Accor SA
2. Marriott International
3. Hyatt Hotels Corporation
4. Hilton Worldwide Holdings Inc.
5. InterContinental Hotels Group PLC.
6. Best Western International, Inc.
7. Choice Hotels Internationals, Inc.
8. Wyndham Destinations, Inc.
9. Radisson Hospitality A.B.
10.Indian Hotels Company Limited
11.Oravel Stays Private Limited
12.TC Limited
13.EIH Limited
14.Bharat Hotels Limited
15.Lemon Tree Hotels
16.The Leela Palaces

Key questions answered in the Hotels Market are:

• What are the Hotels Market segments?
• Which Hotels market segment is expected to grow rapidly during the forecast period?
• What is the expected CAGR of the Hotels market during the forecast period?
• Who are the top players in the Hotels industry?
• What is the expected Hotels Market size by 2032?
• Which region is expected to grow at a high CAGR during the forecast period?
• Which region held the largest Hotels market share? 

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