Global Five Star Hotel Market Overview:
As India is contributing high in the tourism industry. According to IBEF, the tourism & hospitality industry in India is directly contributing to India's GDP flowed by 23.6% was in 2017, and also tourism in India covered for 9.4% of the GDP. It includes revenues from restaurants and banquets. Usually, the revenues from F&B division are about 35-40% of the total hotel revenues. It depends on various factors such as occupancy rates of the property, size of banquets and conferences, connectivity and technology in the banquet area, hotel location, etc. Some of the key players profiled in the study are Marriott International (United States), Hilton (United States), Hyatt Hotels (United States), Four Seasons Holdings Inc. (United States), Shangri-La International Hotel Management Ltd. (Hong Kong), InterContinental Hotels Group PLC (United Kingdom), Mandarin Oriental International Limited (Hong Kong), Tata Group (India), Jumeirah International LLC (United Arab Emirates) and Kerzner International Limited (The Bahamas).
On the basis of geography, the market of Five Star 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 Distribution Channels, the sub-segment i.e. Travel Agents will boost the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Themes, the sub-segment i.e. Ecotel will boost the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Hotel, the sub-segment i.e. Business Hotel will boost the Five Star Hotel market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Growth in Tours and Tourism Industry
- Growing Demand for The Leisure Travel
- The emergence of Luxury Hotels
- Technology advancement in distribution models, such as the advent of digital technologies in booking and marketing activities. High adoption of social media helps hotel providers in advertising and other services
- The slowdown in Economy, Along Rising COVID-19 Issue Is Highly Impact on International Tourism Industry for a Year
- Rising Land Availability Issue and Cost Issues
- Advancement in the hospitality industry is one of the key industries behind the high growth of the services sector. This shows strong growth potential across the globe, majorly in the South Arabia region. With the increased funding of government in hospitality and facility management is generating huge opportunity for luxury hotel companies.
- High Initial Investment Required for The Five-Star Hotel
- Difficulty in Government Approvals and Licenses
The companies are operating in this market in a new geographic region by adopting various growth strategies such as mergers & acquisitions, expansions, investments, and joint ventures. The major market players are discovering new areas through expansions and acquisitions across the globe to become more competitive through combined synergies.
Target Audience:Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Five Start Hotel Providers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study To define, describe, and forecast the Global Five Star Hotel market on the basis of product  , application [Business Traveller, Leisure Travellers, Airline Cabin Crew and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Five Star Hotel market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Five Star Hotel industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are ITC Hotels Limited (India), Novotel (France) and Radisson Hotels (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Five Star Hotel market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.