A boutique hotel is a small hotel which typically has between 10 and 100 rooms in unique settings with upscale accommodations and individualized unique selling points (USPs). Boutique hotels were a popular style in the 1980s and 1990s. A boutique hotel’s intimate size produces its one-on-one five-star hospitality service and its heady ambiance. A boutique hotel market strives to be one-of-a-kind. Whether it’s independently owned or a member of a luxury hotel brand or association, it has an independent attitude and works hard to not feel like a corporate hotel. (Sometimes, a boutique hotel belongs to the boutique brand created by a more conventional hotel company, such as Hyatt’s Andaz brand or Marriott’s Edition Hotels.)
In the new research report, titled Global Boutique Hotel Market the report highlights the important trends and dynamics affecting the growth of the market, including the limitations, drivers, and opportunities. A number of research tools such as Porter’s five forces analysis and SWOT analysis have been exercised to provide a precise understanding of this Boutique Hotel market. The report gives data on the technological progressions that are bound to happen in the upcoming years or are happening as of now.
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Key Players in Boutique Hotel Market are:
Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels, Four Seasons Holdings Inc., Shangri-La International Hotel Management Ltd., InterContinental Hotels Group PLC, Mandarin Oriental International Limited, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, Inc., and ITC Hotels Limited
After studying key companies, the report focuses on the startups contributing towards the growth of the market. Possible mergers and acquisitions among the startups and key organizations are identified by the report’s authors in the study. Most companies in the Boutique Hotel market are currently engaged in adopting new technologies, strategies, product developments, expansions, and long-term contracts to maintain their dominance in the global market.
The report studies the Boutique Hotel market from a global perspective while also analyzing it for key regional markets, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. On these fronts, the market is analyzed on the basis of criteria such as market value, key segments, market volume, and distribution channels.
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Drivers and restraints impacting the growth of the market have also been analyzed. A segmentation of the global Boutique Hotel market has been done for the purpose of a detailed study. The profiling of the leading players is done in order to judge the current competitive scenario. The competitive landscape is assessed by taking into consideration many important factors such as business growth, recent developments, product pipeline, and others. The research report further makes use of graphical representations such as tables, info graphics, and charts to forecast figures and historical data of the global Boutique Hotel market.
In this study, the years considered to estimate the size of Boutique Hotel market are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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