Mergers and acquisitions
(M&A) in the hotel and other travel accommodation market are expected to
increase, building on a strong year of activity in 2015. M&A interest is
likely to be fueled by the desire for growth, high volume of global capital,
availability of debt and equity, and continued favorable interest rates. The
hotel and other travel accommodation industry saw a series of deals in 2015,
with Blackstone Group acquiring Strategic Hotels & Resorts, Jin Jiang
acquiring Groupe du Louvre and many more.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE HOTEL AND OTHER TRAVEL
ACCOMMODATION MARKET TO GROW TO $1 TRILLION BY 2021
North America was the largest
region in the hotel and other travel accommodation market in 2017, accounting
for one third of the market share. This was mainly due to rising business
activities, and increase in consumer spending in the region.
Order the report at:
According to The Business Research
Company’s Consultant, Nitin Gianchandani,
Technological advances are enabling firms to deliver personalized services
by obtaining customer intelligence. Companies are providing customized
promotions and offers by collecting vital information about consumers’ likes,
dislikes and preferences by using social media and technologies such as mobile
software applications that track customer behavior. Hotels are now offering
personalized menus, lighting, and other services based on customer information
available from previous visits or intelligence gathered from social media. The
Four Seasons Hotel spent $18 million to revise their website which will deliver
personalized dynamic web pages to potential customers.
Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=286&type=smp
Marriot International, Inc. was the
largest company in the hotel and other travel accommodation market, with
revenues of $17.1 billion for the financial year 2016. Marriot International,
Inc.’s growth strategy aims to empower diverse business owners through its
supply chain, advocating for visa and entry policies that facilitate travel. Marriot
International, Inc. plans to have a global reach with 1 million rooms and an
additional $50 billion real estate investment by owners and franchisees.
The hotel and other travel
accommodation industry provides short-term accommodation, meals and other guest
services for travelers and tourists. Establishments in this industry may
include hotels, other travel accommodations, resort hotels and others.
Hotel
And Other Travel Accommodation Market Global Briefing 2018 is a detailed
report giving a unique insight into this market. The report is priced at $4000
for an individual user. To use across your office, the price is $6000 and $8000
if you wish to use across a multinational company.
About The Business Research Company
Visit TheBusinessResearchCompany.com,
mail info@tbrc.info or call +447443439350 or
+918897263534 or +919160996838 for more information on this and many other
titles.
The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's
management has more than 20 years of varied business research experience. They
have delivered hundreds of research projects to the senior management of some
of the world's largest organizations.
Contact
information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
No comments:
Post a Comment