About Residential Hotel
Residential hotel is a type of building which consist six or more than six guestrooms. This residential hotels are intended to be used or which are used rented and occupied as a primary place of residence. These residential hotels started the ranges from luxurious to moderately price. Residential hotels are well accommodate and well décor. Residential Hotel are extended stay hotel where a costumer can stay as per how many days he/she wanted to stay. Residential hotel has proper managing staff which provide a regular service to the costumer. This hotels has a custom built rooms.
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The market for Residential Hotel is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Residential Hotel market throughout the forecasted 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.
Extended Stay America (United States), Marriott International (United States), Accor Hotel (France), Choice Hotel International (United states), Summit Hotel Properties (United States), Four Season Hotel and Resort (Canada), Motel6 (United States), Omni Hotel and Resort (United States), Hyatt (United States) and Hilton Worldwide (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 InTown Suites (United states) and IHG hotel and resorts (united Kingdom).
AMA Research has segmented the market of Global Residential Hotel market by Type (Resorts, Extended Stay, Midscale Extended Stay, Inns and Others), Application (Tourists, Travelers, Business Customers and Other) and Region.
On the basis of geography, the market of Residential Hotel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Service, the sub-segment i.e. Maid Service will boost the Residential Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 16 March 2021, Marriott International Has Announced The Opening Of The First Residence Inn By Marriott Hotel In The United Arab Emirates (UAE). The New 134-Room Residence Inn By Marriott Al Jaddaf Hotel, Located In A Prime City District, Provides Convenient Access To Key Areas Including Downtown Dubai And Business Bay.
General Hospitality Law Covering A Range Of Issues Including Risk Management — Include Hotel-Related Liability Issues. Which Can Be Rodent Or Other Pest Problems.Ever-Tightening Food Safety And Hygiene Policies And Hotel Laws Regarding Food Today Make It Essential For Companies Handling Food To Take Appropriate Measures For Prevention, Early Detection, And Control Of Pests In Food And Food Supplies.The New Food Safety Modernization Act 2011 (FSMA) Which Moved To The End Of Phase 1 In August 2015 For Preventative Standards For Human Food And Animal Food — Puts More Emphasis On The Global Food Chain, Food ChainCompliance And A Risk-Based Approach To Food SafetyManagement, Both In Food Manufacturing And In Business Preparing And Serving Food.
- Rising Growth of Travelers
- Rising Growth of Tourism and Corporate Industry
- Growth in Standardization of Individuals Leaving
- Future Growth of Travel and Tourism Industry
- Future Growth in Architecture Industry
- Growing Globalization and Industrialization
- Higher Pay of Cost than Ordinary Hotel
- High level Maintenance
- Customers Mindset Towards Lack of Level of Peace and Privacy
- Lack of Experienced Staff
Key Target AudienceResidential Hotels, New Entrants and Investors, 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.