Global Pet Friendly Luxury Hotel Market Overview:
Pet owners have evolved into pet parents, as pets have become regarded as family members. This transition and growing love for pets has resulted in increased pet spending. Pet owners nowadays expect the same luxurious lifestyle for their pets as they do for their family members. Vacations for pets such as dogs, cats, and other exotic animals are becoming more popular as pet owners spend more money on their pets. As a result, the popularity of pet-friendly hotels has grown. Pet-friendly hotels are those that provide a variety of amenities to pet owners. Pet owners can order gourmet room service menus for their pets at these hotels. Pet owners can order gourmet room service menus for their pets at these hotels. Pets staying in pet-friendly hotels are provided with specialized bedding, leashes, collars, and litter boxes; special treats such as rawhide bones, catnip, and scratch poles; and helpful amenities such as dog-walking route maps, water bowls, doggie pick-up bags, and pet-walking and pet-sitting services. There are also map services available, such as Google Maps and Dogalize Maps, that can assist in locating pet-friendly hotels, restaurants, camping, shopping, parks, and beaches. Pet owners are very interested in pet vacations because they consider their pets to be four-legged children. This factor has played a significant role in driving the market growth of pet hotels.
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- The Rising Number of Pets
- Growing Tour & Travel and Corporate Industries across Various Regions
- Rapid Spread Of Coronavirus Across The Globe And Enforced Lockdown
- The Growing Popularity Of Pet Friendly Luxury Hotels Due To Rapid Growth And Advancement In Hospitality Industry
- Increasing Adoption Of Smart Technologies To Attract Clients Across The Globe
- Intense Competition Among Players
The market for Pet Friendly Luxury Hotel is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Some of the key players profiled in the report are The Ritz-Carlton Hotel Company, L.L.C. (United States), Rosewood Hotel Group (China), Marriott International (United States), Loews Hotels (United States), Hyatt Corporation (United States), Mandarin Oriental (United States), Dusit International (Thailand), Oetker Hotel Management Company GmbH (Germany), Belmond Management Limited (United Kingdom), LANGHAM HOTELS INTERNATIONAL LIMITED. (Australia) and Fairmont (Canada). Additionally, following companies can also be profiled that are part of our coverage like IHG (United Kingdom), Hilton (United States), La Quinta (United Kingdom) and DogTrekker (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Pet Friendly Luxury Hotel market by 2027. Considering Market by Booking Mode, the sub-segment i.e. Travel Agents will boost the Pet Friendly Luxury Hotel market. Considering Market by Amenities, the sub-segment i.e. Food dishes will boost the Pet Friendly Luxury Hotel market.
On 11 March 2022, Mandarin Oriental Exclusive Homes launches as a branded collection of hand-picked, luxurious private villas and mansions, which will be closely aligned with the exacting standards of exceptional service and hospitality experiences driven by the Mandarin Oriental brand
What Can be Explored with the Pet Friendly Luxury Hotel Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Pet Friendly Luxury Hotel Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Pet Friendly Luxury Hotel
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Pet Friendly Luxury Hotel market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Pet Friendly Luxury Hotel market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.