About Independent Boutique Hotel
Independent Boutique hotels were independently owned, often family-run establishments that provided a more wholesome, service-oriented travel experience than larger hotels. Much of that reputation remains, but the term boutique hotel now more closely represents uniqueness. Boutique hotels outperform their larger competitors in terms of creating one-of-a-kind, authentic travel experiences, in part because they are independently owned and operated. This enables hoteliers and hotel employees to think creatively about entertaining and hosting guests.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Independent Boutique hotel market is fragmented owing to the number of players present in the market. Major players in the hospitality industry are expanding their business in urban areas generating opportunities for the boutique hotel market. Further, growing awareness of independent property owners to tap this business opportunity also growing the boutique hotel market industry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Independent Boutique 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.
Marriott International, Inc (United States), Hilton (United States), Starwood Hotels & Resorts (United States), Hyatt Hotels (United States), Four Seasons Holdings Inc. (Canada), Shangri-La International (China), InterContinental Hotels Group (United Kingdom), Mandarin Oriental International (China), The Indian Hotels Company (India) and Jumeirah International LLC (United Arab Emirates) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kerzner International Resorts (United Arab Emirates), ITC Hotels Limited (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Independent Boutique Hotel market by Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts and Others), Application (Stay, F&B, SPA and Others) and Region.
On the basis of geography, the market of Independent Boutique 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 Category, the sub-segment i.e. Chain will boost the Independent Boutique Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Class, the sub-segment i.e. Luxury will boost the Independent Boutique 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 19th January 2022, Avenir Hospitality has acquired the Cannon Beach Inn. Cannon Beach Hotel Collection, a portfolio of four boutique hotels in Cannon Beach, Oregon. Avenir has partnered with Life House, a boutique hotel operator based in New York, to manage the portfolio, which includes the company's first properties in the Pacific Northwest.
On 19th April 2022, Los Angeles, California The official association for the world's verified boutique hotels has launched a central list of boutique hotel owners and founders in the hopes of creating ongoing clarity and a larger society within the independent as well as boutique hotel space. This falls under BLLA's education pillar for executives, professionals, and students who continue to disrupt the hospitality industry through their fearless approach to being a part of the village that creates hotel experiences.
Market Drivers
- Rapid Growth in Tourism Industry
- Rising Demand for Automation in Hotel Management
- Increasing Focus on Offering Enhanced Customer Service
Opportunities
- Growth in the Hospitality Industry
- Increasing Inclination of Independent Property Owners
- Increasing Number of Hotels around the Globe
- Rising Demand from the Developing Countries
Restraints
- Increasing Competitions from Globe Hotels
- Lack of Technically-Skilled Personnel
Challenges
- Selecting Location and Themes for Hotels
- High Cost of Setting up of Independent Boutique Hotel
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Travel Industry, Hospitality Industry, Tourism Agencies, Government Bodies, Market research Firms, Research Institutes and Others
About Approach
To 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, Inc (United States), Hilton (United States), Starwood Hotels & Resorts (United States), Hyatt Hotels (United States), Four Seasons Holdings Inc. (Canada), Shangri-La International (China), InterContinental Hotels Group (United Kingdom), Mandarin Oriental International (China), The Indian Hotels Company (India) and Jumeirah International LLC (United Arab Emirates) etc.
2. Can we have customized study for Independent Boutique Hotel Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What trending factors would impact Independent Boutique Hotel Market growth most?
"Rise in Number of Leisure Tourist" is seen as one of major influencing trends for Independent Boutique Hotel Market during projected period 2021-2027.