The industry has experienced robust growth, due to increases in travel spending, corporate profit and consumer spending. As a result, the industry has grown over every year since 2010, as the economy improved and domestic and international travel rates increased. In the five years to 2020, the industry will continue to perform well, with particularly strong growth in the extended-stay hotels, boutique hotels, spa and health retreats and resorts segments. Additionally, operators are expected to expand abroad into emerging economies, leading to an increase in revenue.
Operators in this industry provide short-term lodging in hotels, motor hotels, resort hotels and motels. Establishments may also offer food and beverage services, recreational services, conference room and convention services, laundry services, parking and other services. This industry excludes hotels that have casino facilities attached.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.