Independent lodgings Market Outlook (2022 to 2032)
As per newly released data by Future Market Insights (FMI), the Independent Lodgings Market is estimated at US$ 206 Billion in 2022 and is projected to reach US$ 222.0 Billion by 2032, at a CAGR of 11% from 2022 to 2032.
Attribute
Details
Independent Lodgings Market Estimated Size (2022)
US$ 206 Billion
Independent Lodgings Market Projected Size (2032)
US$ 222.0 Billion
Independent Lodgings Market Value-based CAGR (2022 to 2032)
11%
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2017 to 2021 Independent lodgings Market Outlook Compared to 2022 to 2032 Forecast
The independent lodging tourism market is forecasted to grow at a steady rate during the forecast period. The growth can be attributed to several reasons both international and domestic. These hotels can directly target a greater flow of guests at a much high market share than other franchise hotels. In addition, a franchise has to face the task of running hundreds of hotels. Independent lodgings can simply be mindful of standardizing the procedures for enhancing their performance. They may not have a central hierarchy system. In the case of chain hotels, they all run under the same brand and have to maintain the same quality in every hotel. So there is not much scope for innovation in chain hotels, since they all maintain the same quality. This means that there are no changes that a chain hotel can offer for people who stay there regularly. Independent lodgings can adapt to local dwelling environments. They have a unique identity that makes them stand apart from chain hotels. They have the freedom to be creative and innovative.
The Trend of Independent Lodgings gives Rise in competition with Franchise Hotel in Hotel Tourism market
Franchise Hotels have their hotels in different cities and different countries. These hotels have their control in the hand of the central system. They have a general manager to operate each hotel. These managers do not have enough rights to make policies for the hotel. They have to follow the guidelines of the central system. While in the case of independent lodgings, management spends their time on it. They are more devoted to planning for a hotel/ They can utilize resources more optimally and management can focus on improving the performance of the hotel more effectively than a franchise. They are free to adopt any type of innovation in their hotels.
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Use of social media to Boosting the Travel Market
Hotels need social media to attract new guests. You need to provide your hotel with what it wants and use social media to provide content that tells a story and can inspire guests to make your hotel their destination. You should post that will allow your new guests to find out if what you offer is really what you advertise. You can communicate with them with interesting information, beautiful imagery, and informative videos. Even if you can hire influencers it’s not necessary to be celebrities who have significant community or followers and friends who can influence your customers via social media like Facebook, Instagram, and Twitter.
Country-wise Insight
Why is the USA popular for Independent Lodgings?
A variety of hotels and motels in the USA and the hotel industry collect great revenue from the hotel industry
Independent hotel has become more important to the hotel and tourism industry, and they will continue to grow, according to the Lodging Automation Industry Research. Independent collections have become the growing sector, whereas chains, which have been outperforming independently.
There are over 91,000 hotels and motels in the USA. The main industry players must stay alert for what else may impact the industry after the pandemic. After the pandemic, the market size of the hotels and motel industry in the USA increased faster by the economy overall. The average market growth from 2022 to 2023 is 11% CAGR.
What Factor Drives the Independent Lodgings market?
Film festivals are the major driving factor in the France Film Tourism market
It is important for an independent hotel to ensure that its guests leave with a warm and inviting environment. This could be done by using technology that lets the guests feel as if they are in their homes. For independent hoteliers, this could include things like allowing guests to use all of the rooms with minimal fees. Not charging dues ensures that at least some of the guests could afford the stay. Hoteliers, could maintain the personal touch, stand out from the crowd, memorable yet affordable experiences, attracting the best talent, digital discount wars, guest satisfaction is of utmost importance.
The popularity of Independent Lodgings in the USA of America?
These numbers show the taking off the ubiquity of autonomous lodgings among explorers - however not just that. The rising progress of the present free convenience and housing suppliers additionally lets us know that the hoteliers behind these properties are adjusting to changes in voyager conduct and inn-promoting channels. They're getting on the web, and they're embracing innovation. Also, that is the way these well-informed free thinkers benefit from explorers' proceeded with energy and interest for the special inn encounters they offer. Innovation has made everything fair by permitting more modest lodgings to play large through admittance to top-notch advertising, income the board, internet business, and cutthroat bits of knowledge apparatuses and advancements.
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Category-wise Insights
Which is the most preferred Type of stay in the Independent Lodgings sector?
Hotels are the most preferred type of stay in the Independent Lodgings sector
Typically, hotels are the most popular type of accommodation for tourists. As a hotelier, you can run your hotel independently, or join a corporation, making your hotel a part of a global chain. Whichever form your hotel takes, you need to understand its rankings to attract tourists. The size, type of amenities, location, and price of your hotel determine its rating, which ranges on a scale between 1-5 stars. The higher the number, the better the hotel performs. Those that open their doors for lodging are welcoming visitors. Hoteliers need to provide them with accommodation and entertainment activities.
Which Booking Channel is Preferred by the Consumers in the Independent Lodgings Market?
Online booking channels lead the booking channel segmentation
The growth of the online booking channel has originated due to the ease of use online and the online presence of advertised firms. Today, it is the most preferred channel for booking a tour. People appreciate the hassle-free experience as well as the decent number of tour options found in the online channel. These factors are expected to increase the adoption of this channel for online booking in the future.
What Tour Type is Famous Amongst Tourists in the Independent Lodging sector?
Packaged Traveler is the most prominent category
Commonly, packaged travelers are made up of people who buy travel tours with certain locations planned within the tour package. They are less likely to book tours separately, buy tour packages separately or customize tours. Having packages built by travel agencies help these customers save money, effort, and time by buying them in bulk and they also find the tour package attractive. They are now the majority segment in the hotel tour type sector.
Competitive Landscape
The market leaders are continuously diversifying to stay ahead of their competitors, with some offering all-inclusive tour packages to keep tourists from cluttering around, and others, by way of initiatives by the government and promotions, improving their service offerings
For Instance:
The Ministry of Tourism of India launched a new scheme the Dekho Apna Desh initiative in April 2020 to provide information on many religious and historical destinations of India. In September 2021, the Indian government also revised a tourism policy to attract more travelers to the country.
Scope of Report
Attribute
Details
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2021
Market Analysis
US$ Billion for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania & Middle East, and Africa(MEA).
Key Countries Covered
USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand.
Key Segments Covered
Type of hotels, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region
Key Companies Profiled
Karaman Group Hotel
Grand Palace Hotel Hannover
Central-Hotel Kaiserhof
Palace Hotel Tokyo
Sandy Lane Hotel
Hotel Hassler Roma,
Report Coverage
Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
The Independent Lodgings Sector by Category
By Type of Hotels:
Boutique
Luxury
Budget
Hostel
Design Hotel
By Booking Channel:
Phone Booking
Online Booking
In Person Booking
By Tourist Type:
Domestic
International
By Tour Type:
Independent Traveller
Package Traveller
Tour Group
By Consumer Orientation:
Men
Women
By Age Group:
15 to 25 Years
26 to 35 Years
36 to 45 Years
46 to 55 Years
66 to 75 Years
Frequently Asked Questions
What is the current market value of the Independent Lodgings market?
The Film Tourism market is currently valued at US$ 206 Billion in 2022.
What is the forecasted growth rate for the Independent Lodgings market?
The Independent Lodgings market is currently forecasted to grow at a rate of 11% CAGR during the forecast period.
What are the key trends driving the Independent Lodgings sector?
Driving trends in the Independent Lodgings market are the increasing popularity of pop culture and the ease of travel to such locations.
Who are the leading players in the Independent Lodgings sector?
Leading players operating in the Independent Lodgings sector are Karaman Group Hotel, Grand Palace Hotel Hannover, Central Hotel Kaiserhof, Palace Hotel Tokyo, Sandy Lane Hotel, and Hotel Hassler Roma.
Table of Content
1. Executive Summary | Independent Lodgings Market
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Million) and Forecast (2022 to 2032)
2.2. Number of Tourists (Million) and Forecast (2022 to 2032)
2.3. Total Spending Y-o-Y Growth Projections (2022 to 2032)
2.4. Number of Tourists Y-o-Y Growth Projections
3. Global Tourism Industry Analysis
3.1. Tourism Industry Overview
3.1.1. Travel & Tourism Industry Contribution To Global GDP
3.1.1.1. Business Spending v/s Leisure Spending
3.1.1.2. Domestic v/s Foreign
3.1.1.3. Direct, Indirect, and Induced
3.1.2. Travel Market Contribution To Global Overall Employment
3.1.3. Travel & Tourism Growth Rate
3.1.4. Foreign Visitor Exports As Percentage of Total Exports
3.1.5. Capital Investment In Travel & Tourism Industry
3.1.6. Different Components of Travel & Tourism
3.1.7. Global Tourism Industry Outlook
3.1.7.1. Cultural Tourism
3.1.7.2. Culinary Tourism
3.1.7.3. Eco/Sustainable Tourism
3.1.7.4. Sports Tourism
3.1.7.5. Spiritual Tourism
3.1.7.6. Wellness Tourism
3.1.7.7. Others
4. Global Market Dynamics
4.1. Market Drivers & Opportunities
4.1.1. The Trend of Cultural Tourism Gives Rise to Visitors in the Market
4.1.2. Globalization of Content and Ease of Travel Boosting the Market.
4.1.3. Others (during course study)
5. Market Background
5.1. Top 10 Market Companies
5.2. Macro-Economic Factors
5.2.1. Global GDP Growth Outlook
5.2.2. Global Industry Value Added
5.2.3. Global Consumer Spending Outlook
5.2.4. Global Direct contribution of Travel & Tourism to GDP
5.2.5. Global Visitor Exports and International Tourist Arrivals
5.2.6. Capital Investment In Travel & Tourism
5.2.7. Top Tourism Spending Countries
5.3. Forecast Factors - Relevance & Impact
6. Categorizing of Global Market 2021
6.1. Introduction/ Key Findings
6.2. Current Market Analysis By Hotel Type (% of Demand)
6.2.1. Boutique
6.2.2. Luxury
6.2.3. Budget
6.2.4. Hostel
6.2.5. Design Hotel
6.3. Current Market Analysis By Booking Channel (% of Demand)
6.3.1. Phone Booking
6.3.2. Online Booking
6.3.3. In-Person Booking
6.4. Current Market Analysis By Tourist Type (% of Demand)
6.4.1. Domestic
6.4.2. International
6.5. Current Market Analysis By Tour Type (% of Demand)
6.5.1. Independent Traveller
6.5.2. Tour Group
6.5.3. Package Traveller
6.6. Current Market Analysis By Consumer Orientation (% of Demand)
6.6.1. Men
6.6.2. Women
6.7. Current Market Analysis By Age Group (% of Demand)
6.7.1. 15 to 25 Years
6.7.2. 26 to 35 Years
6.7.3. 36 to 45 Years
6.7.4. 46 to 55 Years
6.7.5. 66 to 75 Years
6.8. Current Market Analysis By Region (% of Demand)
6.8.1. North America
6.8.2. Latin America
6.8.3. Europe
6.8.4. East Asia
6.8.5. South Asia
6.8.6. Oceania
6.8.7. Middle East and Africa(MEA)
6.9. Key Findings, By Each Category
7. Categorizing of North America Market 2021
7.1. Introduction/ Key Findings
7.2. Current Market Analysis By Hotel Type (% of Demand)
7.2.1. Boutique
7.2.2. Luxury
7.2.3. Budget
7.2.4. Hostel
7.2.5. Design Hotel
7.3. Current Market Analysis By Booking Channel (% of Demand)
7.3.1. Phone Booking
7.3.2. Online Booking
7.3.3. In Person Booking
7.4. Current Market Analysis By Tourist Type (% of Demand)
7.4.1. Domestic
7.4.2. International
7.5. Current Market Analysis By Tour Type (% of Demand)
7.5.1. Independent Traveler
7.5.2. Tour Group
7.5.3. Package Traveler
7.6. Current Market Analysis By Consumer Orientation (% of Demand)
7.6.1. Men
7.6.2. Women
7.7. Current Market Analysis By Age Group (% of Demand)
7.7.1. 15 to 25 Years
7.7.2. 26 to 35 Years
7.7.3. 36 to 45 Years
7.7.4. 46 to 55 Years
7.7.5. 66 to 75 Years
7.8. Current Market Analysis By Country (% of Demand)
7.8.1. USA
7.8.2. Canada
7.9. Key Findings, By Each Category
8. Categorizing of Latin America Market 2021
8.1. Introduction/ Key Findings
8.2. Current Market Analysis By Hotel Type (% of Demand)
8.2.1. Boutique
8.2.2. Luxury
8.2.3. Budget
8.2.4. Hostel
8.2.5. Design Hotel
8.3. Current Market Analysis By Booking Channel (% of Demand)
8.3.1. Phone Booking
8.3.2. Online Booking
8.3.3. In Person Booking
8.4. Current Market Analysis By Tourist Type (% of Demand)
8.4.1. Domestic
8.4.2. International
8.5. Current Market Analysis By Tour Type (% of Demand)
8.5.1. Independent Traveler
8.5.2. Tour Group
8.5.3. Package Traveler
8.6. Current Market Analysis By Consumer Orientation (% of Demand)
8.6.1. Men
8.6.2. Women
8.7. Current Market Analysis By Age Group (% of Demand)
8.7.1. 15 to 25 Years
8.7.2. 26 to 35 Years
8.7.3. 36 to 45 Years
8.7.4. 46 to 55 Years
8.7.5. 66 to 75 Years
8.8. Current Market Analysis By Country (% of Demand)
8.8.1. Brazil
8.8.2. Mexico
8.8.3. Argentina
8.8.4. Colombia
8.8.5. Rest of Latin America
8.9. Key Findings, By Each Category
9. Categorizing of Europe Market 2021
9.1. Introduction/ Key Findings
9.2. Current Market Analysis By Hotel Type (% of Demand)
9.2.1. Boutique
9.2.2. Luxury
9.2.3. Budget
9.2.4. Hostel
9.2.5. Design Hotel
9.3. Current Market Analysis By Booking Channel (% of Demand)
9.3.1. Phone Booking
9.3.2. Online Booking
9.3.3. In Person Booking
9.4. Current Market Analysis By Tourist Type (% of Demand)
9.4.1. Domestic
9.4.2. International
9.5. Current Market Analysis By Tour Type (% of Demand)
9.5.1. Independent Traveler
9.5.2. Tour Group
9.5.3. Package Traveler
9.6. Current Market Analysis By Consumer Orientation (% of Demand)
9.6.1. Men
9.6.2. Women
9.7. Current Market Analysis By Age Group (% of Demand)
9.7.1. 15 to 25 Years
9.7.2. 26 to 35 Years
9.7.3. 36 to 45 Years
9.7.4. 46 to 55 Years
9.7.5. 66 to 75 Years
9.8. Current Market Analysis By Country (% of Demand)
9.8.1. Germany
9.8.2. Russia
9.8.3. France
9.8.4. Italy
9.8.5. United Kingdom
9.8.6. Rest of Europe
9.9. Key Findings, By Each Category
10. Categorizing of East Asia Market 2021
10.1. Introduction/ Key Findings
10.2. Current Market Analysis By Hotel Type (% of Demand)
10.2.1. Boutique
10.2.2. Luxury
10.2.3. Budget
10.2.4. Hostel
10.2.5. Design Hotel
10.3. Current Market Analysis By Booking Channel (% of Demand)
10.3.1. Phone Booking
10.3.2. Online Booking
10.3.3. In Person Booking
10.4. Current Market Analysis By Tourist Type (% of Demand)
10.4.1. Domestic
10.4.2. International
10.5. Current Market Analysis By Tour Type (% of Demand)
10.5.1. Independent Traveler
10.5.2. Tour Group
10.5.3. Package Traveler
10.6. Current Market Analysis By Consumer Orientation (% of Demand)
10.6.1. Men
10.6.2. Women
10.7. Current Market Analysis By Age Group (% of Demand)
10.7.1. 15 to 25 Years
10.7.2. 26 to 35 Years
10.7.3. 36 to 45 Years
10.7.4. 46 to 55 Years
10.7.5. 66 to 75 Years
10.8. Current Market Analysis By Country (% of Demand)
10.8.1. China
10.8.2. Japan
10.8.3. South Korea
10.9. Key Findings, By Each Category
11. Categorizing of South Asia Market 2021
11.1. Introduction/ Key Findings
11.2. Current Market Analysis By Hotel Type (% of Demand)
11.2.1. Boutique
11.2.2. Luxury
11.2.3. Budget
11.2.4. Hostel
11.2.5. Design Hotel
11.3. Current Market Analysis By Booking Channel (% of Demand)
11.3.1. Phone Booking
11.3.2. Online Booking
11.3.3. In Person Booking
11.4. Current Market Analysis By Tourist Type (% of Demand)
11.4.1. Domestic
11.4.2. International
11.5. Current Market Analysis By Tour Type (% of Demand)
11.5.1. Independent Traveler
11.5.2. Tour Group
11.5.3. Package Traveler
11.6. Current Market Analysis By Consumer Orientation (% of Demand)
11.6.1. Men
11.6.2. Women
11.7. Current Market Analysis By Age Group (% of Demand)
11.7.1. 15 to 25 Years
11.7.2. 26 to 35 Years
11.7.3. 36 to 45 Years
11.7.4. 46 to 55 Years
11.7.5. 66 to 75 Years
11.8. Current Market Analysis By Country (% of Demand)
11.8.1. India
11.8.2. Malaysia
11.8.3. Indonesia
11.8.4. Thailand
11.8.5. Philippines
11.8.6. Cambodia
11.8.7. Vietnam
11.8.8. Rest of South Asia
11.9. Key Findings, By Each Category
12. Categorizing of Oceania Market 2021
12.1. Introduction/ Key Findings
12.2. Current Market Analysis By Hotel Type (% of Demand)
12.2.1. Boutique
12.2.2. Luxury
12.2.3. Budget
12.2.4. Hostel
12.2.5. Design Hotel
12.3. Current Market Analysis By Booking Channel (% of Demand)
12.3.1. Phone Booking
12.3.2. Online Booking
12.3.3. In Person Booking
12.4. Current Market Analysis By Tourist Type (% of Demand)
12.4.1. Domestic
12.4.2. International
12.5. Current Market Analysis By Tour Type (% of Demand)
12.5.1. Independent Traveler
12.5.2. Tour Group
12.5.3. Package Traveler
12.6. Current Market Analysis By Consumer Orientation (% of Demand)
12.6.1. Men
12.6.2. Women
12.7. Current Market Analysis By Age Group (% of Demand)
12.7.1. 15 to 25 Years
12.7.2. 26 to 35 Years
12.7.3. 36 to 45 Years
12.7.4. 46 to 55 Years
12.7.5. 66 to 75 Years
12.8. Current Market Analysis By Country (% of Demand)
12.8.1. Australia
12.8.2. New Zealand
12.9. Key Findings, By Each Category
13. Categorizing of Middle East and Africa Market 2021
13.1. Introduction/ Key Findings
13.2. Current Market Analysis By Hotel Type (% of Demand)
13.2.1. Boutique
13.2.2. Luxury
13.2.3. Budget
13.2.4. Hostel
13.2.5. Design Hotel
13.3. Current Market Analysis By Booking Channel (% of Demand)
13.3.1. Phone Booking
13.3.2. Online Booking
13.3.3. In Person Booking
13.4. Current Market Analysis By Tourist Type (% of Demand)
13.4.1. Domestic
13.4.2. International
13.5. Current Market Analysis By Tour Type (% of Demand)
13.5.1. Independent Traveler
13.5.2. Tour Group
13.5.3. Package Traveler
13.6. Current Market Analysis By Consumer Orientation (% of Demand)
13.6.1. Men
13.6.2. Women
13.7. Current Market Analysis By Age Group (% of Demand)
13.7.1. 15 to 25 Years
13.7.2. 26 to 35 Years
13.7.3. 36 to 45 Years
13.7.4. 46 to 55 Years
13.7.5. 66 to 75 Years
13.8. Current Market Analysis By Country (% of Demand)
13.8.1. Turkey
13.8.2. South Africa
13.8.3. UAE
13.8.4. Egypt
13.8.5. Jordan
13.8.6. Rest of Middle East and Africa(MEA)
13.9. Key Findings, By Each Category
14. Competition Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive
14.3.1. Karaman Group Hotel
14.3.1.1. Overview
14.3.1.2. Service Portfolio
14.3.1.3. Strategy Overview/campaigns
14.3.2. Grand Palace Hotel Hannover
14.3.2.1. Overview
14.3.2.2. Service Portfolio
14.3.2.3. Strategy Overview/campaigns
14.3.3. Central-Hotel Kaiserhof
14.3.3.1. Overview
14.3.3.2. Service Portfolio
14.3.3.3. Strategy Overview/campaigns
14.3.4. Palace Hotel Tokyo
14.3.4.1. Overview
14.3.4.2. Service Portfolio
14.3.4.3. Strategy Overview/campaigns
14.3.5. Sandy Lane Hotel
14.3.5.1. Overview
14.3.5.2. Service Portfolio
14.3.5.3. Strategy Overview/campaigns
14.3.6. Hotel Hassler Roma,
14.3.6.1. Overview
14.3.6.2. Service Portfolio
14.3.6.3. Strategy Overview/campaigns
14.3.7. Other Players (As Per Request)
14.3.7.1. Overview
14.3.7.2. Service Portfolio
14.3.7.3. Strategy Overview/campaigns
15. Social Media Sentimental Analysis
15.1. Social Media Platforms Preferred
15.1.1. Facebook
15.1.2. YouTube
15.1.3. Instagram
15.1.4. Twitter
15.1.5. LinkedIn
15.1.6. Pinterest
15.1.7. Google+
15.1.8. Others
15.2. Perceptions of the Proposed Market Tour Package
15.3. Consumer Perception for Destinations On Social Media Platforms-Positive and Negative Mentions
15.4. Trending #Hashtags
15.5. Social Media Platform Mentions (% of Total Mentions)
15.6. Region-Wise Social Media Mentions (% of Total Mentions)
15.7. Trending Subject Titles
16. Assumptions and Acronyms Used17. Research Methodology
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