Boutique hotel refers to the small hotel having around 25 to 100 rooms and located in fashionable urban places. Of late, it has been witnessed that people prefer staying at naturally appealing destinations which provide a sense of calmness rather than crowded areas. Lack of corporate structure allows these hotels to provide more personalized services to customers. Further, these hotels also provide local food from native residents providing a realistic experience of living to customers.This growth is primarily driven by Rapid Growth in Tourism Industry and Low Operational Costs.
Globally, a noticeable market trend is evident Rise in Number of Leisure Tourist. Major Vendors, such as Four Seasons Holdings Inc. (Canada), Kerzner International Resorts, Inc. (United States), ITC Hotels Limited (India), Mandarin Oriental International Limited (Hong Kong), InterContinental Hotels Group PLC (United Kingdom), Jumeirah International LLC (United Arab Emirates), Marriott International, Inc. (United States), Hilton Inc. (United States), Shangri-La International Hotel Management Ltd. (Hong Kong), Starwood Hotels & Resorts (United States), Hyatt Hotels (United States) and Wyndham Hotel Group, LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Rapid Growth in Tourism Industry
- Low Operational Costs
- Rise in Number of Leisure Tourist
- Increasing Competitions from Chain Hotels
Growth in the Hospitality Industry and Increasing Inclination of Independent Property Owners
Selecting Location and Themes for Hotels
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