What is Chain Hotel?
All hotels that bear the ensign of a hotel group, regardless of their legal position (subsidiaries, franchises, etc.) are considered chain hotels. A chain hotel is one that is part of a series or a set of hotels that are all owned or operated by the same firm. As a result, a Hotel Chain is a management business that oversees a number of hotels with the same brand but in different locations.
The market study is broken down by Type (Resorts, B&BS, Hostels, Motels and Others) and major geographies with country level break-up.
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Chain Hotel market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marriott International (United States), Hilton Worldwide (United States), InterContinental Hotels Group (United Kingdom), Jin Jiang International (China), Wyndham Hotels and Resorts (United States), AccorHotels (France), Choice Hotels (United States), Home Inns Group (China), China Lodging Group (China) and Best Western Hotels (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are OYO (India), Radisson Hotel Group (United States), GreenTree Inns Hotel Management Group (China), Hyatt Hotels Corporation (United States) and Magnuson Hotels (United States).
AdvanceMarketAnalytics has segmented the market of Global Chain Hotel market by Type, Application and Region.
On the basis of geography, the market of Chain Hotel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing Range, the sub-segment i.e. Economy will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Limited Service will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Rooms Capacity, the sub-segment i.e. Small Rooms will boost the Chain Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Digitization of Services and Online Booking on Apps and Websites
- Increase in Emphasize on the importance of Safety
- Increasing use of Chain Hotel in Urban, Airport, Resorts and other Industries
- Rise in the Travel and Tourism Industry
- Larger Hotel Groups tend to Offer more Training
- Start-up Costs and Franchise Fees
- Less Control over Business
- Maintaining the Brand Image and Service
- Complexity in Management
Key Target AudienceChain Hotel Providers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as Marriott International (United States), Hilton Worldwide (United States), InterContinental Hotels Group (United Kingdom), Jin Jiang International (China), Wyndham Hotels and Resorts (United States), AccorHotels (France), Choice Hotels (United States), Home Inns Group (China), China Lodging Group (China) and Best Western Hotels (United States) etc.
2. Can we have customized study for Chain Hotel Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of Chain Hotel Market by 2027?
Analysts at AMA estimates Chain Hotel Market to reach USD Million by 2027.