Hotels Market Expansion: How North America and Asia Pacific Are Driving Growth

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The hotels market is growing with rising tourism, business travel, digital bookings, and increasing demand for luxury, budget, and sustainable accommodations.

Hotels Market Outlook:

Maximize Market Research, a leading Business Consultancy Firm, has conducted an in-depth analysis of the Hotels market. The comprehensive report offers key business insights, demand assessments, pricing strategies, and an in-depth look at the competitive landscape. It evaluates the current state of the Hotels market with projections.

Growth Estimates for Hotels Market:

Hotels Market was valued at USD 981.22 Billion in 2023, and it is expected to reach USD 1816.88 Billion by 2030, exhibiting a CAGR of 9.2% during the forecast period.

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Latest Updates in Hotels Market:

The hotel industry has experienced significant mergers, acquisitions, and investments recently, reflecting a dynamic and evolving market landscape. Here are some notable developments:

Major Mergers and Acquisitions:

  • Hyatt's Acquisition of Playa Hotels and Resorts: In February 2025, Hyatt Hotels announced a $2.6 billion acquisition of Playa Hotels and Resorts, expanding its presence in the all-inclusive resort sector. This strategic move underscores Hyatt's commitment to growing its portfolio in key leisure markets.

  • Oyo's Acquisition of Motel 6: In September 2024, Oyo, an Indian hotel operator, acquired G6 Hospitality, the parent company of Motel 6 and Studio 6 brands, for $525 million. This acquisition marks a significant expansion of Oyo's footprint in the U.S. hospitality market.

Significant Investments:

  • Blackstone's Investment in Southern European Hotels: Over the past year, Blackstone has invested over €500 million into the hotel sector in southern Europe, including the €235 million acquisition of the Grand Hyatt Athens. This investment strategy aims to capitalize on the surge in post-pandemic tourism in the region.

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Regional Insights:

In the Regional Analysis section, we examine the current state of the Hotels market across each participating region. Given the diverse nature of the industry, it’s crucial to consider the regional nuances. The key regions analyzed in this report include:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

Each region’s market dynamics, such as market size, growth rates, import-export patterns, and key economic factors, are thoroughly explored.

Market Segmentation:

by Hotel Type

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

Business/Commercial Hotels, Boutique Hotels, Resort Hotels, Casino Hotels, Transit Hotels, Bed & Breakfast Hotels, and Others are the different hotel types that make up the market. Over the course of the forecast 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 2030, 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. North America is a suitable place for participants in the hotel industry to invest because small hotels are the trend with the biggest share in this region. Small hotels are able to meet the needs of the growing number of millennial travellers who need short-term hotel stays with luxurious interiors and lots of services.

by Business Model

Individual
Chain

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Key Players in the Market:

The research identifies the leading players in the Hotels market and provides a detailed overview of their strategies, products, market positioning, and competitive strengths.

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

Seeking deep market knowledge? The summary offers critical insights: https://www.maximizemarketresearch.com/market-report/hotels-market/47478/

Key Questions Answered:

  • This report answers critical questions about the Hotels market, including:
  • What is the growth rate of the Hotels market?
  • What are the key factors driving market growth?
  • Which industry trends and upcoming applications have the highest growth potential?
  • How are recent trends impacting market revenue streams?
  • Who are the top players in the Hotels market, and what are their offerings?
  • What segments are covered in the Hotels market?
  • Which application holds the most potential for growth in the Hotels market?
  • What challenges and opportunities are likely to shape the future of the Hotels market?
  • What will the Hotels market's CAGR be over the forecast period?

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