PUBLISHER: Value Market Research | PRODUCT CODE: 1448568
PUBLISHER: Value Market Research | PRODUCT CODE: 1448568
The global demand for Hotel Franchise Market is presumed to reach the market size of nearly USD 75.17 Billion by 2032 from USD 37.23 Billion in 2023 with a CAGR of 8.12% under the study period 2024 - 2032.
A hotel franchise involves an agreement between a hotel brand (franchisor) and an independent hotel owner (franchisee). The franchisee gains the right to operate under the established brand, utilizing its trademarks, systems, and support in exchange for fees and adherence to brand standards.
The Hotel franchise market is influenced by factors such as the globalization of the hospitality industry, the desire for brand recognition, and the benefits of cost-effective business models. The market experiences growth as entrepreneurs and hotel owners seek the advantages of established brand names, marketing support, and the ability to leverage the reputation and customer loyalty associated with well-known hotel chains. Franchising facilitates swift expansion without the necessity for significant capital investment in establishing brand recognition. Additionally, travelers often prefer the consistency and amenities offered by recognized hotel brands, contributing to the success of hotel franchises. The market's expansion is further driven by the franchisors' ability to provide comprehensive training, operational support, and marketing strategies to franchisees, ensuring a consistent and high-quality experience across the brand.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of hotel franchise. The growth and trends of hotel franchise industry provide a holistic approach to this study.
This section of the hotel franchise market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Hotel Franchise market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Hotel Franchise market include AccorHotels S.A., Best Western Hotels & Resorts, Choice Hotels International, Extended Stay America, Four Seasons Hotels & Resorts, Hilton Worldwide Holdings Inc., Hyatt Hotels Corporation, InterContinental Hotel Groups (IHG), Jin Jiang International, Mandarin Oriental Hotel Group, Marriott International, Melia Hotels International, Motel 6, NH Hotel Group, Radisson Hotel Group,. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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