Hotel market size was $784.82 Billion in 2023!

As per Cognitive Market Research's latest published report, the Global Hotel market size was $784.82 Billion in 2023 and it is forecasted to reach $1,126.04 Billion by 2030. Hotel Industry's Compound Annual Growth Rate will be 5.29% from 2023 to 2030. What are the key driving factors for the Hotel market?The Rising Investment in the Global Hotel Industry is Favoring the Market GrowthThe year 2022 was a year that started with the reopening of many international borders and huge amounts of government economic stimulus. However, the outbreak of Ukraine-Russia war was a growing geopolitical tension. Despite all these challenges, the global hotel and lodging industry continues to show resilience as RevPAR (Revenue Per Available Room) towards complete recovery). For instance, according to the data of the Global Hotel Investment Outlook 2023, at the year end of 2022, the proportion of RevPAR recovered relative to that of 2019 by region ranged from 69% to 108%. Additionally, in the period of seven years before COVID-19, outbound Chinese capital for the global hotel investment accounted for USD 3.4 billion every year. From the year 2020 to 2022, the outbound Chinese hotel investment has been about USD 400.0 million.The transaction activities in the hotel industry had been witnessed to be increased than before. For instance, according to the research of Jones Lang LaSalle IP, Inc. (JLL) and Global Hotel Investment Outlook 2023, two of the three global regions (the Americas and the APAC) observed an increased hotel investment volume in 2022. Moreover, private equities continue to be the largest acquirers of hotel assets globally. In the year 2022, there had been witnessed a significant increase in new investors entering the hotel industry. In fact, a 16% of the year’s global investment volume in hotel industry was generated by the first-time hotel buyers.In the year 2022, there was a decline in investment volume, and same can be expected in 2023, owing to large portfolios might be challenging to finance. There can likely be a bifurcation in hotel acquisitions as luxury hotels will be continuing to sell for high values. In addition, in 2022, foreign investors deployed capital not only towards individual hotel assets but also into large-scale platforms, especially in the luxury space. For instance, in the third quarter of 2022, Saudi Arabia’s Public Investment Fund (PIF) entered into partnership with London-based investment firm Cian International to invest about USD 900 million into the Aman Group, valuing the ultra-luxury platform over USD 3 billion.The Accelerating Global Travel and Tourism Fueled the Demand for Hotels, Drives the Market GrowthThe Availability of Alternative Accommodation Places such as Short Term Rental Homes, Hostels, and Others May Hamper the Market Growth(Access Detailed Analysis in the Full Report Version)The Rising Popularity of Ultra-Luxury Segment Generates an Opportunity for Expansion of the Market.(Access Detailed Analysis in the Full Report Version) What is a Hotel?A hotel is the most common type of accommodation, which can be defined as an establishment that offers overnight accommodation, meals, and various other services. Hotels are mainly aimed/targeted at tourists or travelers, although the local residential can also use hotels. Hotels is a segment categorized under the hospitality and tourism sector. Different hotels possess a wide range of accommodations ranging from budget motels to luxury resorts. Hotel industry consists of lodging places, event planning, theme parks, restaurants, and others, and it includes various activities such as facility maintenance & direct operations including porters, servers, housekeepers, kitchen keepers, bartenders, and many more. The global hotel industry is exhibiting a positive growth after COVID-19. For instance, according to the data of Global Hotel Investment Outlook, 2023, the hotel occupancy has reached 89% recovery as compared to that of 2019, thereby, proving its resilience.

根据认知市场研究最新发布的报告，2023年全球酒店市场规模达到7848.2亿美元，预计到2030年将扩大至1.12604万亿美元。酒店行业的复合年增长率预计将在2023年至2030年之间达到5.29%。推动酒店市场增长的关键因素是什么？全球酒店行业的投资不断上升，正推动市场扩张。2022年，随着众多国际边界的重新开放和政府经济刺激措施的部署，这一年标志着许多国际边界的重新开放和政府经济刺激措施的部署。尽管乌克兰-俄罗斯冲突引发了日益加剧的地缘政治紧张局势，但全球酒店和住宿业仍展现出非凡的韧性，尤其是在收入每可用客房（RevPAR）方面，正接近全面恢复。例如，根据《全球酒店投资展望2023》的数据，到2022年底，RevPAR相对于2019年的恢复率在各个地区之间从69%到108%不等。此外，在COVID-19大流行前的七年里，中国对全球酒店投资的年度外流投资平均为34亿美元。2020年至2022年，中国对全球酒店的外流投资约为4亿美元。酒店行业的交易活动已被观察到比以往更加活跃。根据Jones Lang LaSalle IP, Inc.（JLL）和《全球酒店投资展望2023》的研究，三个全球地区中的两个（美洲和亚太地区）在2022年经历了酒店投资量的增加。此外，私募股权继续是全球酒店资产的主要收购者。2022年，新进入酒店行业的企业数量显著增加，当年全球酒店行业投资总额的16%来自首次购买酒店的新买家。2022年，投资量有所下降，预计2023年也将出现类似趋势，这可能是由于大型投资组合的融资挑战。预计酒店收购将出现分化，豪华酒店将继续以高价出售。此外，2022年，外国投资者不仅将资本投入单个酒店资产，还投入了大规模平台，特别是在豪华领域。例如，2022年第三季度，沙特阿拉伯公共投资基金（PIF）与伦敦投资公司Cian International建立了合作伙伴关系，投资约9亿美元于阿曼集团，该超豪华平台的价值超过30亿美元。全球旅游和旅游业的加速发展正在推动酒店需求，并推动市场增长。短租房屋、招待所等替代住宿方式的激增可能会阻碍市场增长。超豪华领域的日益普及为市场扩张提供了机会。（详细分析请参阅完整报告版本）什么是酒店？酒店是典型的住宿形式，其特征在于提供夜间住宿、餐饮和一系列辅助服务。酒店主要面向游客和旅行者，尽管它们也被当地居民使用。酒店业是旅游业和酒店业的一个细分市场，包括从经济型汽车旅馆到豪华度假村的各种住宿设施。它包括住宿设施、活动策划、主题公园、餐厅等，以及各种活动，如设施维护和直接运营，包括行李员服务、服务、客房清洁、厨房管理和服务员等。在COVID-19大流行之后，全球酒店业展现出强劲的增长势头，酒店入住率达到了2019年水平的89%，从而证明了其韧性。