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Published: Mar, 2018 | Pages:
107 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The U.S. hotels, resorts & cruise lines market is expected to reach USD 299.3 billion by 2025, according to a new report by Grand View Research, Inc. As travel and tourism keep on growing every year, hotel and cruise line industry are recognized as an ever-blooming business. High competition is observed amongst the companies due to soaring demand for accommodation. This, in turn, is anticipated to boost the revenue inflow in this market. Currently, majority of the population are tech-savvy and are comfortable using mobile apps and websites. Customers prefer to plan their trips and search for hotel options all via a digital interface. As a result, hotels are engaged in offerings up-to-date and user-friendly services such as online bookings, cancellation, and payment mode. This, in turn, is expected to enable company in reinforcing their presence in the space. Effective usage of digital marketing & social media promotions is recognized as the high driving force for the market. This is mainly because it allows maintaining harmony and synergy between companies and customers, thereby driving booking rates. Moreover, usage of public forum like Yelp helps in understanding the customer's' expectation which further helps in devising the investment plans as per the customer's need. However, alternate accommodation such as Airbnb and security challenges associated with this industry is expected to slow down the market throughout the forecast period. Further key findings from the report suggest: • Hotel & motel dominated the market in 2016 with respect to revenue generation • Presence of a substantial number of international hotels in the U.S. has contributed to the largest share of this segment • In the crowded tourist or travel spots, it is easy to spot hotels in every locality • Cruise lines is the fastest growing segment • Understanding the growth potential of cruising travel, the cruise line industry is committed to add new capacity in its lines • The cruise lines are continuously putting efforts for improving its "cheap and fun vacation deals" • These factors are expected to lucratively enhance the segment growth throughout the forecast period • Some major hotel companies that are operating in the space are Hyatt Corporation, MARRIOTT INTERNATIONAL, INC.; and Hilton • Royal Caribbean International and Carnival Corporation & plc are some prominent cruise line in the market • These companies are observed to make significant investment to boost their service portfolio and meet the customers' expectations
Table of Contents
Chapter 1 Executive Summary
1.1 Market Snapshot
Chapter 2 Research Methodology
2.1 Information Procurement
2.1.1. Purchased Database
2.1.2. GVR's Internal Database
2.2 Data Analysis
2.3 Market Formulation & Validation
2.4 Approaches for Market Estimation
2.4.1. Approach 1: Commodity Flow & Bottom Up Approach
2.4.2. Approach 2: Top Down and Parent Market Analysis
Chapter 3 U.S. Hotels, Resorts & Cruise Lines Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.1.1 Market driver analysis
3.1.1.1 Technological advancements with respect to hotel analytics and other hotel operations
3.1.1.2 Effective usage of social platforms
3.1.1.3 Rising competition amongst the companies
3.1.2 Market restraint analysis
3.1.2.1 Higher hotels rate as well as operating costs
3.1.2.2 Operational challenges
3.2 Penetration & Growth Prospect Mapping for Facility Type, 2016
3.3 Hotels & Motels - Swot Analysis, By Factor (Political & Legal, Economic And Technological)
3.4 Industry Analysis - Porter's
Chapter 4 U.S. Hotels, Resorts & Cruise Lines Categorization: Facility Type Estimates & Trend Analysis
4.1 Hotels, Resorts & Cruise Lines Market: Facility Type Movement Analysis
4.2 Hotels and Motel
4.2.1 Global hotels and motels market, 2014 - 2025 (USD Billion)
4.3 Cruise Lines
4.3.1 Global cruise lines market, 2014 - 2025 (USD Billion)
Chapter 5 U.S. Hotels, Resorts & Cruise Lines Categorization: Country Estimates & Trend Analysis, by Facility Type
5.1 U.S.
5.1.1 U.S hotels, resorts & cruise lines market, by facility type, 2014 - 2025 (USD Billion)
Chapter 6 Competitive Landscape
6.1 Strategy Framework
6.2 Market Participation Categorization
6.3 Company Profiles
6.3.1 MARRIOTT INTERNATIONAL, INC.
6.3.1.1 Company overview
6.3.1.2 Financial performance
6.3.1.3 Product benchmarking
6.3.1.4 Strategic initiatives
6.3.2 Hyatt Corporation
6.3.2.1 Company overview
6.3.2.2 Financial performance
6.3.2.3 Product benchmarking
6.3.2.4 Strategic initiatives
6.3.3 Hilton
6.3.3.1 Company overview
6.3.3.2 Financial performance
6.3.3.3 Product benchmarking
6.3.3.4 Strategic initiatives
6.3.4 Carnival Corporation & plc
6.3.4.1 Company overview
6.3.4.2 Financial performance
6.3.4.3 Product benchmarking
6.3.4.4 Strategic initiatives
6.3.5 Royal Caribbean International
6.3.5.1 Company overview
6.3.5.2 Financial performance
6.3.5.3 Product benchmarking
6.3.5.4 Strategic initiatives
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