Global Branded Hotels Market Factbook (2022 Edition): World Market Review By Price Type, By Capacity Type (2018-2028)


Posted December 7, 2022 by Derrick_Samson

Branded Hotels Market Factbook (2022 Edition) with impact of COVID-19

 
The Global Branded Hotel industry is likely to witness huge growth post the pandemic. The Global Branded Hotel market is heavily driven by the growing Tourism Sector and Hospitality Sector around the world. According to UNTWO, International arrivals have increased from 900 million to more than 1.3 billion over a span of just ten years. As Business travel is increasing and it is worth over USD 750 billion annually, bookings for Meetings, Incentives Travel, Conferences, and Exhibition (MICE) could be lucrative opportunities for branded hotels in the upcoming years.

Another important factor impacting the Global Branded Hotel Industry is the advent of innovative Digital Services and Online Facilities for users. Branded Hotel companies with greater resources have adopted smart techniques by providing online devices to check-in and checkout, as well as other facilities like in-room dining, making appointments, filing service requests, and monitoring the setting are also available via the use of devices. The latest digital and technology advancements adopted by hotels are the key importance to attracting tourists. More services and smarter sustainability are the keys to boosting the hospitality sector and it will have a positive impact on the Branded hotel market as well.

One of the most important emerging trends that could impact Branded Hotel industry is the New Innovations and Advancements in Technology. Now the Branded Hotel’s business is fully operating through computers and technology which automatically eliminates the human error and prevents unnecessary interruptions in any cases. This leads to better returns in the business and an overall increase in productivity of branded hotels. The people have been booking their trips from home and the branded hotels are managing operations through software allowing team members to focus on customer’s priorities. 45% of air travel passengers are ready to shed their paper passports for digital identities.

Branded Hotel companies found great opportunities in Implementing Cross-Selling Strategy, Big players are increasing their hotel’s reach by partnering with local businesses that provide different activities such as walking food tours, boat trips on a local river, etc., which is helping to drive the profit up with a decent pace. The adoption of such a strategy will support the branded hotel industry as many booking engines are packed with innovative upselling and cross-selling tools that offer relevant content to customers based on CRM data from their past stays, user actions on a website, metadata from their web sessions, etc.

The Azoth Analytics research report titled ‘Branded Hotels Market Factbook (2022 Edition)’ has been analyzed By Price Type (Luxury, Premium/Upscale, Midscale, Economy), By Capacity Type (Mega, Large, Medium, Small). The Global Branded Hotel Market has been analyzed By Region (Americas, Europe, APAC, MEA) and By Country (United States, Canada, Mexico, Brazil, Germany, Italy, U.K, France, Spain, China, Japan, India, South Korea, Australia, Malaysia, Indonesia, Thailand, Israel, GCC, North Africa, South Africa). The market has been assessed for the historical period of 2018-2021 and the forecast period of 2023-2028. The companies profiled in the report include Accor, Marriott Internationals, Hilton Worldwide, IHG Hotels & Resorts, Hyatt Hotels, Hauzhu Group, Choice Hotels Internationals, Radisson Hotels Group, India Hotels Company LTD., Minor Internationals.

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https://www.azothanalytics.com/report/consumer-goods-and-services/global-branded-hotels-market-factbook-2022-edition-world-market-review-trends-and-forecast-analysis-till-2028-by-price-type-capacity-type-by-region-by-country

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Contact Email [email protected]
Issued By Derrick Samson
Phone +1 832 495 4885
Business Address 1321 Upland Dr. PMB 15832, Houston, Texas, 77043, US
Country United States
Categories Architecture , Business , Construction
Tags hotel , branded hotels , market report , taj , azoth analytics
Last Updated December 7, 2022