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.)
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Key Players in the 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.
Following factors have been scrutinized through this research report:
- Global cutting-edge trends in the market
- Global market division along with their subtypes
- Tapping of global Boutique Hotel market opportunities
- Identification of global clienteles along with identification of potential customers
- Formation of market positions
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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A new report as a Boutique Hotel market that includes a comprehensive analysis of the global market. This includes investigating past progress, ongoing market scenarios, and future prospects. Accurate data on the products, strategies and market share of leading companies in this particular market are mentioned. This report provides a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global Boutique Hotel market during the forecast period. The report also presents thorough qualitative and quantitative data that affect the expected impact of these factors on the market’s future growth prospects.
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, infographics, 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:
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- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027