Global Hotel Booking Market Size By Mode (Online, Offline), By Platform (Chain, Individual), By Star Ranking (3 Stars and below, 4 Stars), By Geographic Scope And Forecast

Hotel Booking Market Size And Forecast

Hotel Booking Market size was valued at USD 14.63 Billion in 2024 and is projected to reach USD 526.40 Billion by 2031, growing at a CAGR of 15.25% during the forecast period 2024-2031.

The rise in global disposable income as well as the tendency towards learning about other people’s cultures and cuisines are some of the elements that are projected to fuel market expansion over the forecast period. The Global Hotel Booking Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Hotel Booking Market Definition

A hotel is a professionally run institution that provides short-term overnight lodging to visitors in exchange for payment. The precise facilities and services offered to guests can differ significantly between hotels, and hotel owners frequently try to target a particular demographic through their pricing strategy, marketing tactics, or the breadth of services they provide. The portion of the service industry that deals with tourist lodging is the hotel industry.

Global Hotel Booking Market Overview

The industry is being driven by several important variables, including the rise in disposable income levels worldwide and changes in lifestyle. Additionally, individuals are spending more money and are interested in learning about new cultures and cuisines. People are traveling to different nations worldwide at an accelerated rate. Global internet use growth has boosted the industry even more by enabling customers to access more information and make better selections. Deals offered by various websites as well as various manufacturers, advance the customer.

Additionally, once Covid is under control, nations whose primary source of income is tourism are anticipated to encourage travel and tourism to their nations to enhance the economy. It is anticipated that technological advancement will further improve the industry. Moreover, expanding traveler habits towards using various tour services, including travel packages, hotel reservations, and others, are projected to offer prospects for market expansion.

However, increasing instances of unreliable third-party booking portals misusing customers’ financial information make people less confident in using these services, restraining industry expansion. Additionally, the COVID-19 lockdown limitations in many nations are forcing the closure of commercial establishments such as hotels and resorts, hurting the income from businesses linked to lodging reservations.

Global Hotel Booking Market Segmentation Analysis

The Global Hotel Booking Market is segmented on the basis of Mode, Platform, Star Ranking, and Geography.

Hotel Booking Market, By Mode

• Online
• Offline

Based on Mode, The market is segmented into Online and Offline. The Online segment is anticipated to dominate the Global Hotel Booking Market. Compared to offline mode, the advantage of online mode is the ability to search for openings before applying. Additionally, it offers the choice to examine room images and read visitor reviews.

Hotel Booking Market, By Platform

• Chain
• Individual

Based on Platform, The market is segmented into Chain and Individual. The Chain segment is anticipated to dominate the Global Hotel Booking Market. Due to the growing popularity of chains and franchises in upscale and midscale hotels, hotel owners are reducing operational processes for managers by implementing predictable and cost-effective tariffs for guests using cutting-edge digital gadgets and sophisticated software technologies.

Hotel Booking Market, By Star Ranking

• 3 Stars and below
• 4 Stars
• 5 Stars and above

Based on Star Ranking, The market is segmented into 3 Stars and below, 4 Stars, and 5 Stars and above. The 3 Stars and Below segment is anticipated to dominate the Global Hotel Booking Market because it offers a wide variety of services comparable to those of other stars hotels at a reasonable price to a significant number of guests.

Hotel Booking Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global Hotel Booking Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America will hold the largest Global Hotel Booking Market. This is explained by increased economic growth and internet penetration. The way of living also plays a role in this. The market with the fastest projected growth rate will be in Europe. This can be due to the increased internet use in the area.

Key Players

The “Global Hotel Booking Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Expedia Group Inc., Booking Holdings Inc., Airbnb Inc., Tripadvisor Inc., Traveloka Indonesia PT, Trip.com Group Ltd., Oravel Stays Pvt Ltd, HRS GmbH, Hotelbeds Group SL, Accor SA, and Hostelworld Group.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2020, World of Hyatt and Small Luxury Hotels announced the expansion of their cooperation to more than 200 hotels.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Hotel Booking Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Hotel Booking Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please conn