Azoth Analytics has released research named “Branded Hotel Market Factbook (2022 Edition)” which provides a complete analysis of the global Branded Hotel industry in terms of market segmentation by price type, capacity type, and region.

The research also looks at the market’s growth indicators, restraints, supply and demand risk, and other important statistics, as well as a full assessment of current and future market trends that are relevant to the market’s evolution.

During the forecast period, 2023-2028, the global Branded Hotel market is expected to expand at a CAGR of 9%. In this study, Azoth Analytics focuses on encouraging the use of premium Branded hotels through increased governmental and private infrastructure investment. an increase in the number of development initiatives in the food and beverage sector, which is driving up demand. The market is expanding due to rising sales of Branded Hotel products in developing nations.

The global Branded Hotel market is expected to generate USD 338 billion by the end of 2028, up from USD 200 billion in 2021. Following the pandemic, the global branded hotel sector is predicted to expand significantly. The expanding tourism and hospitality industries all over the world play a significant role in driving the market for globally branded hotels. International arrivals rose from 900 million to more than 1.3 billion in just ten years, according to UNTWO. Bookings for Meetings, Incentive Travel, Conferences, and Exhibitions (MICE) could present attractive opportunities for branded hotels in the next years because business travel is rising and is valued at about USD 750 billion yearly.

The introduction of cutting-edge digital services and online facilities for users has a significant impact on the global branded hotel industry. Branded hotel chains with more financial resources have implemented clever approaches like offering internet gadgets for check-in and check-out as well as other amenities like in-room dining, scheduling appointments, submitting service requests, and monitoring the environment. The key to drawing tourists is for hotels to implement the newest digital and technological innovations. The keys to growing the hospitality industry are more services and greater sustainability, which will benefit the market for branded hotels as well.

The COVID-19 epidemic had a significant negative impact on branded hotel chains’ revenues, which in turn caused a global slowdown in the selling of branded hotel rooms. The tourism and hospitality industries were entirely shut down during the epidemic, which had a significant negative impact on the market for branded hotels.

The large-sized branded hotels hold the largest market share in the capacity segment because these hotels are expanding globally in nations like the United States, China, Russia, and the Gulf Cooperation Council while also acquiring small competitors around the world to gain market share and revenue.

The research is global in nature and covers a detailed analysis of the market in America (U.S., Canada, Mexico, Brazil, Rest of the Americas), Europe (Germany, U.K, France, Spain, Italy, Russia, Turkey, and the Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific), Middle East and Africa(Israel, GCC, North Africa, South Africa, Rest of Middle East Africa). Additionally, the research report displays data including market size, yearly growth potential analysis, the competitive study of market players, investment opportunities, demand for future forecast, and so on.

The travel and tourism sector in the United States supported 9.5 million American jobs, generated USD 1.9 trillion in economic production, and contributed 2.9% of the country’s GDP.

Prior to the COVID-19 pandemic, foreign tourists spent USD 233.5 billion in 2019, contributing roughly USD 640 million per day to the American economy.

New Innovations and Advancements in Technology are one of the most significant new trends that could have an impact on the Branded Hotel sector. The Branded Hotel’s operations are now entirely run by computers and other technology, which automatically eliminates human mistakes and avoids any unwanted interruptions. As a result, the firm sees better returns, and branded hotels work harder overall. People have started making travel arrangements from home, and branded hotels are using automation to manage operations, allowing staff to concentrate on the needs of customers. 45% of travelers using flights intend to replace their paper passports with digital ones.

This study also contains company profiling and the current competition status of some of the leading players in the global Branded Hotel market of Accor, Marriott International, Hilton Worldwide, Hyatt Hotels Corporation, IHCL, Huazhu Group, Choice Hotels International, IHG Hotels and Resorts, Minor International, Radisson, and others. The company profiling includes critical information such as a business overview, products and services, key financials, and recent events and developments. Overall, the report provides a detailed overview of the global Branded Hotel market, which will assist industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players looking for opportunities, and other stakeholders in aligning their market-centric strategies with current and expected future trends.