Wiseguyreports.Com Adds “Boutique Hotel – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2026” To Its Research Database.
In a report published by Wise Guy Reports (WGR) it is release that rapid growth of Global Boutique Hotel Industry Market relates with the improvised tourism sector that is widely spread across the globe.
Hospitality industry has been observed with the stupendous growth with the increase in the number of restaurants and hotels all across the world. Not only this, development of travel and tourism industry has played a significant role in the expansion of hotel markets. Trends for boutique hotels has captured the interest of all kinds of travelers such as Business class, family and friends trips, pilgrimages, and educational purposes where they get each and every luxurious and prior facilities.
Numerous top notch brands and companies have their large hotel chains that caters the travelers needs that leads to the growing demand for the boutique hotels in the tourist destinations. Significant rise in these hotels determine the upcoming growth opportunities to the industry.
It is estimated that, in coming years the boutique hotel industry market will progress and gain high profitability over the globe. Also a sustainable revenue rate is maintained and forecasted to dominate the market in the progression period of 2019-2025.
Major Players in Boutique Hotel market are:
ITC Hotels Limited
he Indian Hotels Company Limited
Jumeirah International LLC
Mandarin Oriental International Limited
Four Seasons Holdings Inc.
Shangri-La International Hotel Management Ltd.
Triple Creek Inn
Starwood Hotels & Resorts(Marriott)
Marriott International, Inc
InterContinental Hotels Group PLC
Kerzner International Resorts, Inc.
Ashford Castle Co.
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Global Boutique Hotel Industry Market: Segmental Analysis
The boutique hotel industry market has gained tremendous popularity in recent years that has brought dynamic growth in present scenario. The segmentation of market across the globe depends on the two major factors that are Types of Hotels and Downstream fields of Boutique hotel.
On the basis of Types of Boutique Hotels the market is segmented into: Business Hotel, Suite Hotels, Airport Hotels, and Resorts Hotels.
By downstream fields of Boutique Hotels the market is categorized into: Online travel agencies, Online hotel reservation and Offline retail.
Global Boutique Hotel Industry Market: Regional Analysis
The global boutique hotel industry market is been segmented into major region of the world including of North America, Asia-Pacific, Europe, Latin America and Middle East & Africa. In North America the market is segregated into U.S, Mexico and Canada the regions are counted as the global tourist destinations. In Europe the boutique hotel industry market is segregated into Germany, France, Italy, U.K, Spain and Russia that are listed as the fastest growing region coupled with restaurants, also government initiative in spreading awareness and promotion of tourism benefit the hotel industry over a period of time.
Asia-Pacific is among the region where the market is expected to rise and show case the highest growth rate in estimated period. The emerging economies of the region such as China, India, Thailand, Japan, Singapore, Korea and Australia are predicted to drive the market growth. Lastly Latin America and Middle East and Africa are in their steady progress from the regions of Brazil, Egypt and Africa respectively that is forecasted to contribute their growth in the global market.
The latest trends of Boutique market depicts about the present scenarios and the functionality of renowned investors in the market for the popular hotel chains that will lead to the conclusion of high growth rate of the industry. It is believed that moderate raise in the major regions geographically result in high revenue cost in coming years.
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Source: EIN Presswire