HOTEL INDUSTRY IN EUROPE
Europe is among the biggest travel and hospitality market worldwide, attracting equal number of leisure and business visitors. Approximately 400 new hotels opened in Europe in 2019, which is expected to remain at similar level in 2020.
Germany and UK account for more than 40% share of hotel industry in Europe revenues per annum.
MARKET SIZE AND FORECAST
The average occupancy in 2019 in Europe was more than 60%.
As of Jan 2020, there are more than 1,500 hotels in pipeline across Europe and nearly 55% of them are already under construction.
Hotel Industry in Europe is estimated at $XX Billion in 2020, growing at –% CAGR till 2025.
Jan 2020- Radisson Hotel Group announced to open three more hotels in 2020 in Istanbul and Aliağa, Izmi. The group also has plans to launch a 90-room hotel in Liepaja, Latvia
Jan 2020– Accor announced the arrival of brand Mondrian with two properties in France (Cannes and Bordeaux)
March 2019– Hyatt entered into franchise agreements with Hesperia Hotels & Resorts to open Hyatt Regency Hesperia Madrid and Hyatt Regency Barcelona Fira
Marriott, Accor, IHG and Hilton account for more than 40% share of present room inventory and a slightly higher 41% share of hotel projects in pipeline across Europe.
Accor Hotel group has doubled its presence in Europe in past three years with almost 200 hotels and 38,000 rooms in 2019. It has entered nine new destinations and the group is now established in 28 of the 39 countries in which the Group operates in Europe.
- Marriott International
- Choice Hotels International
- Hilton Worldwide
- G6 Hospitality LLC
- Extended Stay America
- Wyndham Hotels & Resorts
- InterContinental Hotels Group
- Hyatt Hotels Corporation
- Best Western
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- Complete Ongoing Hotel Project List in Europe 2020
- Project List in Design and Planning stage for 2020-2025
- Present Hotel Market 2020 -2025 (Revenue, Occupancy)
- New Hotel Group Entering Europe
- Impact of AirBnB on Hotel industry in Europe
- Market share of major companies
|2||Scope of the report|
|7||Insights from Industry stakeholders|
|8||Cost breakdown of Product by sub-components and average profit margin|
|9||Disruptive innovation in the Industry|
|10||Technology trends in the Industry|
|11||Consumer trends in the industry|
|12||Recent Production Milestones|
|13||Component Manufacturing in US, EU and China|
|14||COVID-19 impact on overall market|
|15||COVID-19 impact on Production of components|
|16||COVID-19 impact on Point of sale|
|17||Market Segmentation, Dynamics and Forecast by Geography, 2020-2025|
|18||Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025|
|19||Market Segmentation, Dynamics and Forecast by Application, 2020-2025|
|20||Market Segmentation, Dynamics and Forecast by End use, 2020-2025|
|21||Product installation rate by OEM, 2020|
|22||Incline/Decline in Average B-2-B selling price in past 5 years|
|23||Competition from substitute products|
|24||Gross margin and average profitability of suppliers|
|25||New product development in past 12 months|
|26||M&A in past 12 months|
|27||Growth strategy of leading players|
|28||Market share of vendors, 2020|
|30||Unmet needs and opportunity for new suppliers|