Boutique Hotel Market Growth Outlook from 2024 to 2034

The boutique hotel market value is estimated to expand at a CAGR of 6.9% over the assessment period. In 2024, the market is expected to generate a revenue worth USD 9,962.60 million. By 2034-end, the market size is forecast to expand to USD 19,415.50 million.

Attributes Key Insights
Estimated Boutique Hotel Market Size (2024E) USD 9,962.60 million
Projected Boutique Hotel Market Valuation (2034F) USD 19,415.50 million
Value-based CAGR (2024 to 2034) 6.9%

Opportunities and Trends Dictating the Boutique Hotel Market

  • Several young travelers prefer taking numerous short trips over a single extended vacation to maintain a balanced lifestyle. The appeal of this fad is reaching beyond millennials to include hikers, budget leisure travelers, and business travelers.
  • Boutique hotels are considered an enticing option for travelers looking for an exceptional stay. These hotels craftily blend affordability, personal space, and freedom from dormitory-style accommodations.
  • Millennials are giving more weightage to experiential stays and are therefore choosing these hotels over other options. The emphasis of this target group is stay quality and amenities over the size of the hotel and they are willing to pay for it.
  • Boutique hotels prioritize uniqueness for their guests. Thus steering away from cookie-cutter accommodations. This factor draws crowds of tourists to boutique hotels.
  • The allure of the boutique concept is attracting larger hotel chains, leading them to venture into this realm. Thus creating unique concepts in boutique lodging.

Category-wise Boutique Hotel Market Insights

Package Tour is Famous among Boutique Hotel Tourists

Leading Tour Type Package Traveler
Value Share (2024) 51.30%

Package travelers contribute massively to the revenue generation in the boutique hotel sector. A growing segment of customers who appreciate personalized service, unique experiences, and stylish accommodations are contributing to the growth of this segment. Packaged tours offer itineraries that emphasize cultural experiences, curated activities, and off-the-beaten-path destinations to attract guests seeking a boutique hotel experience.

Packaged tours also combine accommodation, bundle flights, and activities at a discounted rate as opposed to booking separately, thus appealing to value-conscious price sensitive customers.

Online Booking is a Preferred Choice of Booking Channel among Customers

Leading Booking Channel Online Booking
Value Share (2024) 46.50%

Based on the latest estimates by our analysts, the online booking segment is anticipated to acquire a massive market hold. This segment is driven by the widespread use of Internet services and mobile phones, through which the customer can fetch information regarding industries and make decisions for their next tourist destination point.

Even service providers think that marketing and promotion of their services attract a lot of customers. Further, the online booking channel provides unparalleled convenience to customers, boosting its growth size.

Global Boutique Hotel Market Dynamics by Country

Countries Forecast CAGR (2024 to 2034)
United States 5.30%
Canada 7.20%
Spain 6.60%
China 7.80%
India 8.40%

The United States Emerged as a Famous Destination for Boutique Hotels

Industry participants in the United States boutique hotel industry are aiming for further growth over the next decade. As per recent estimates by our analysts, the market in the United States is estimated to register a CAGR of 5.30% through 2034.

The United States attracts a lot of tourists and travelers from across the world. This is giving momentum to the expansion of boutique hotels across the country. Sonder is a good case in point.

This tech-driven hospitality company raised USD 529.6 million to meet the demands of a global, nomadic workforce, who have gained higher mobility in the post-pandemic world. Enterprises in the industry are braving the environmental challenges faced by the country by partnering with committed conservation charities.

For future growth, leading players are forging exclusive strategic partnerships to expand their portfolio. For instance, in February 2024, Hilton collaborated with Small Luxury Hotels of the World (SLH) to welcome Hilton guests to independently-minded luxury hotels situated in sought-after destinations.

Boutique Hotels in Canada Elevate their Guest Experience with Latest Digital Platforms

The boutique hotel sector in Canada is forecasted to expand at a CAGR of 7.20% through 2034. This category of hotels is increasingly preferred among today’s travelers due to many reasons, including their one-of-a-kind atmosphere.

One of the expansive metropolis cities in Canada, Toronto, is famous for its ensemble of boutique hotels that are situated all across its eclectic neighborhoods, giving travelers a perfect place to rest after a day of exploration.

Players in the industry are investing in smart-room experiences to attract high-end customers. In June 2023, INTELITY®, partnered with The Hazelton Hotel, a singular Forbes Five-Star luxury boutique hotel, in Toronto. The hotel has integrated the INTELITY platform to provide its guests with a modern and digital, smart-room experience.

Travel Sites in Spain Promote Small, Hip, and Luxury Boutique Hotels

The vibrant country of Spain is expected to experience a CAGR of 6.60% in its boutique hotel industry. Owners of boutique hotels are listing their properties on travel sites to increase visibility and trust among potential guests.

These sites promote touristic service providers by offering hotel reviews, guest ratings, special offers, and online bookings. Customers seeking an immersive experience of rich culture compare prices from a variety of boutique accommodations listed on these sites to book their stays.

Growing tourist attractions in Spain and aggressive promotion of the hospitality industry to stimulate economic activity within the country are fueling the boutique hotel expansion. Recently, Amancio Ortega, Zara founder, purchased two boutique hotels in Spain.

This sector is expected to unfold many opportunities for its investors and key players as customers are captivated by the distinct experiences of boutique hotels.

Profitability Potential in India to Attract Investments for Boutique Hotels

The boutique hotel sector in India is projected by our analysts to expand at a CAGR of 8.40% over the forecast period. Stakeholders and investors are eyeing India for their expansion due to the growing consumer appetite for boutique hotel experiences.

In November 2023, Relais & Châteaux, a luxury boutique hotel association, is considering expanding in India to cater to domestic as well as international tourists. Every part of the guest experience, be its wine list, food, bathroom, amenities, or service, will be given special focus to reflect consistency.

Surging Preference for Thoughtfully Designed Boutique Hotels in China to Observe Market Growth

Growth in boutique hotel admirers in China is expected to fuel the market to develop at a CAGR of 7.80%. Demand for boutique hotels is projected to remain strong over the forecast period owing to increasing preferences for unique and personal luxury experiences among the middle-class section. By opting for boutique hotels, they get personalized service instead of the standardized service of conventional luxury hotels.

A key factor that is attracting investments in boutique hotels is their profitability potential. Boutique hotels require less upfront costs as opposed to large hotels, can ask for higher room rates owing to their exclusivity, and don’t require extensive amenities like ballrooms.

Players are expected to thoughtfully design boutique hotels to capture the growing customer segment of aesthetic admirers.

Competitive Landscape

Market participants in the boutique hotel industry are honing their USP by focusing on certain key aspects that differentiate them from their competitors. This includes curating and creating themed experiences customized to guest requirements. Common guest’ requests observed over the years include pet-friendly havens and art-centric hotels.

Stakeholders are investing in technology to predict guest needs and offer bespoke experiences. Additionally, they are pairing up with local businesses to create a win-win situation for both of them. Boutique hotels partner with local shops, restaurants, and attractions to provide exclusive experiences and benefit the local community.

Key players are leveraging social media marketing to display their distinct offerings and engage with potential guests. With growing concerns for the environment, a segment of eco-conscious travelers is emerging. Key players are targeting them by introducing sustainable practices to limit their environmental impact.

Recent Advancements Made in the Boutique Hotel Market:

  • In September 2023, The Postcard Hotel yet again received numerous notable recognitions, including the prestigious ‘Asia’s Leading Boutique Hotel’ at World Travel Awards 2023. The overwhelming response and recognition solidified the hotel’s status as an unrivaled leader.
  • In January 2024, RARE India, which is a community of boutique, community-inclusive, planet-sensitive, experiential, and owner-run hotels and hospitality concepts added two new properties in Nepal. These include the Sanctuary Resort in Chitwan and the Nepali Ghar Hotel in Kathmandu.
  • In March 2024, Todos Santos in Mexico introduced a new 10-room boutique hotel in Pueblo Magico.
  • In March 2024, Aria Hotel Budapest, an iconic boutique hotel, is again selected as Hungary’s leading boutique hotel. The selection was done based on online votes collected for the World Travel Awards, which is considered as the ‘Touristic Oscars’ by the Wall Street Journal. The owner of the boutique hotel recognizes that attention and honest openness with guests were the key ingredients for their success in the hospitality sector.
  • In March 2024, Avari Hotels declared the pre-launch of two exceptional properties. These include Avari Boutique in Gujranwala and Avari Express in Skardu. These distinctive hotels are set to provide unparalleled experiences for leisure as well as business travelers.

Key Coverage in the Global Boutique Hotel Market Research Report

  • Adjacent Study of Specialty Hotel Market, Boutique Hospitality Industry, Unique Hotel Concepts Market, Boutique Accommodation Industry, and Unique Lodging Concepts Industry
  • Category-wise Analysis of Boutique Hotel Market

Key Players in the Boutique Hotel Market

  • Nine Hours
  • Container Hotels
  • Tubohotel
  • The Pod Hotel
  • Rolling Huts Boutique Hotels
  • Koyasan Guest House
  • Yotel Hotels
  • Others

Boutique Hotel Market Research by Categories

Different Boutique Hotel Types Available in the Market:

  • Business Hotels
  • Suite Hotels
  • Airport Hotels
  • Resorts Hotels
  • Others

Booking Channel Choices for Traveling Guests:

  • Phone Booking
  • Online Booking
  • In Person Booking

Tourist Type Frequenting Boutique Hotels:

  • Domestic
  • International

Tour Type Selections:

  • Independent Traveller
  • Package Traveller
  • Tour Group

Gender Orientation of Customers Frequenting Boutique Hotels:

  • Men
  • Women

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

Different Markets for Boutique Hotel are:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Hotel Type
    • 5.1. Business Hotels
    • 5.2. Suite Hotels
    • 5.3. Airport Hotels
    • 5.4. Resorts Hotels
    • 5.5. Others
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Booking Channel
    • 6.1. Phone Booking
    • 6.2. Online Booking
    • 6.3. In Person Booking
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tourist Type
    • 7.1. Domestic Tourist
    • 7.2. International Tourist
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tour Type
    • 8.1. Independent Traveller
    • 8.2. Package Traveller
    • 8.3. Tour Group
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Consumer Orientation
    • 9.1. Men
    • 9.2. Women
  • 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Age Group
    • 10.1. 15-25 Years
    • 10.2. 26-35 Years
    • 10.3. 36-45 Years
    • 10.4. 46-55 Years
    • 10.5. 56-65 Years
    • 10.6. 66-75 Years
    • 10.7. Above 75 Years
  • 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Western Europe
    • 11.4. Eastern Europe
    • 11.5. South Asia and Pacific
    • 11.6. East Asia
    • 11.7. Middle East and Africa
  • 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 17. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 19. Key Countries Market Analysis
  • 20. Market Structure Analysis
  • 21. Competition Analysis
    • 21.1. Farmhouse Inn
    • 21.2. Jumeirah International LLC
    • 21.3. Triple Creek Inn
    • 21.4. ITC Hotels Limited
    • 21.5. Four Seasons Holdings Inc.
    • 21.6. InterContinental Hotels Group PLC
    • 21.7. Ashford Castle Co.
    • 21.8. Marriott International, Inc.
    • 21.9. Hyatt Hotels
    • 21.10. Shangri-La International Hotel Management Ltd.
    • 21.11. Wickaninnish Inn
  • 22. Assumptions & Acronyms Used
  • 23. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 4: Global Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 5: Global Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 6: Global Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 7: Global Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 8: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 9: North America Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 10: North America Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 11: North America Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 12: North America Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 13: North America Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 14: North America Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 15: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 16: Latin America Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 17: Latin America Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 18: Latin America Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 19: Latin America Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 20: Latin America Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 21: Latin America Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 22: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 23: Western Europe Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 24: Western Europe Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 25: Western Europe Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 26: Western Europe Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 27: Western Europe Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 28: Western Europe Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 29: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 30: Eastern Europe Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 31: Eastern Europe Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 32: Eastern Europe Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 33: Eastern Europe Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 34: Eastern Europe Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 35: Eastern Europe Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 36: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 37: South Asia and Pacific Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 38: South Asia and Pacific Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 39: South Asia and Pacific Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 40: South Asia and Pacific Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 42: South Asia and Pacific Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 43: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 44: East Asia Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 45: East Asia Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 46: East Asia Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 47: East Asia Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 48: East Asia Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 49: East Asia Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

Table 50: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 51: Middle East and Africa Market Value (US$ Million) Forecast by Hotel Type, 2019 to 2034

Table 52: Middle East and Africa Market Value (US$ Million) Forecast by Booking Channel, 2019 to 2034

Table 53: Middle East and Africa Market Value (US$ Million) Forecast by Tourist Type, 2019 to 2034

Table 54: Middle East and Africa Market Value (US$ Million) Forecast by Tour Type, 2019 to 2034

Table 55: Middle East and Africa Market Value (US$ Million) Forecast by Consumer Orientation, 2019 to 2034

Table 56: Middle East and Africa Market Value (US$ Million) Forecast by Age Group, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 5: Global Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 6: Global Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 7: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 8: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 9: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 10: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 11: Global Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 12: Global Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 14: Global Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 17: Global Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 18: Global Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 19: Global Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 20: Global Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 21: Global Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 22: Global Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 23: Global Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 24: Global Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 25: Global Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 26: Global Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 27: Global Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 28: Global Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 29: Global Market Attractiveness by Hotel Type, 2024 to 2034

Figure 30: Global Market Attractiveness by Booking Channel, 2024 to 2034

Figure 31: Global Market Attractiveness by Tourist Type, 2024 to 2034

Figure 32: Global Market Attractiveness by Tour Type, 2024 to 2034

Figure 33: Global Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 34: Global Market Attractiveness by Age Group, 2024 to 2034

Figure 35: Global Market Attractiveness by Region, 2024 to 2034

Figure 36: North America Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 37: North America Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 38: North America Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 39: North America Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 40: North America Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 41: North America Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 42: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 43: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 44: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 45: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 46: North America Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 47: North America Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 48: North America Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 49: North America Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 50: North America Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 51: North America Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 52: North America Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 53: North America Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 54: North America Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 55: North America Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 56: North America Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 57: North America Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 58: North America Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 59: North America Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 60: North America Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 61: North America Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 62: North America Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 63: North America Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 64: North America Market Attractiveness by Hotel Type, 2024 to 2034

Figure 65: North America Market Attractiveness by Booking Channel, 2024 to 2034

Figure 66: North America Market Attractiveness by Tourist Type, 2024 to 2034

Figure 67: North America Market Attractiveness by Tour Type, 2024 to 2034

Figure 68: North America Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 69: North America Market Attractiveness by Age Group, 2024 to 2034

Figure 70: North America Market Attractiveness by Country, 2024 to 2034

Figure 71: Latin America Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 72: Latin America Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 73: Latin America Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 74: Latin America Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 75: Latin America Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 76: Latin America Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 77: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 78: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 79: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 80: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 81: Latin America Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 82: Latin America Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 83: Latin America Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 84: Latin America Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 85: Latin America Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 86: Latin America Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 87: Latin America Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 88: Latin America Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 89: Latin America Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 90: Latin America Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 91: Latin America Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 92: Latin America Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 93: Latin America Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 94: Latin America Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 95: Latin America Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 96: Latin America Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 97: Latin America Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 98: Latin America Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 99: Latin America Market Attractiveness by Hotel Type, 2024 to 2034

Figure 100: Latin America Market Attractiveness by Booking Channel, 2024 to 2034

Figure 101: Latin America Market Attractiveness by Tourist Type, 2024 to 2034

Figure 102: Latin America Market Attractiveness by Tour Type, 2024 to 2034

Figure 103: Latin America Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 104: Latin America Market Attractiveness by Age Group, 2024 to 2034

Figure 105: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 106: Western Europe Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 107: Western Europe Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 108: Western Europe Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 109: Western Europe Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 110: Western Europe Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 111: Western Europe Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 112: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 113: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 114: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 115: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 116: Western Europe Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 117: Western Europe Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 118: Western Europe Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 119: Western Europe Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 120: Western Europe Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 121: Western Europe Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 122: Western Europe Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 123: Western Europe Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 124: Western Europe Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 125: Western Europe Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 126: Western Europe Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 127: Western Europe Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 128: Western Europe Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 129: Western Europe Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 130: Western Europe Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 131: Western Europe Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 132: Western Europe Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 133: Western Europe Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 134: Western Europe Market Attractiveness by Hotel Type, 2024 to 2034

Figure 135: Western Europe Market Attractiveness by Booking Channel, 2024 to 2034

Figure 136: Western Europe Market Attractiveness by Tourist Type, 2024 to 2034

Figure 137: Western Europe Market Attractiveness by Tour Type, 2024 to 2034

Figure 138: Western Europe Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 139: Western Europe Market Attractiveness by Age Group, 2024 to 2034

Figure 140: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 141: Eastern Europe Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 142: Eastern Europe Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 143: Eastern Europe Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 144: Eastern Europe Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 145: Eastern Europe Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 146: Eastern Europe Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 147: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 148: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 149: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 150: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 151: Eastern Europe Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 152: Eastern Europe Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 153: Eastern Europe Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 154: Eastern Europe Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 155: Eastern Europe Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 156: Eastern Europe Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 157: Eastern Europe Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 158: Eastern Europe Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 159: Eastern Europe Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 160: Eastern Europe Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 161: Eastern Europe Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 162: Eastern Europe Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 163: Eastern Europe Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 164: Eastern Europe Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 165: Eastern Europe Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 166: Eastern Europe Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 167: Eastern Europe Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 168: Eastern Europe Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 169: Eastern Europe Market Attractiveness by Hotel Type, 2024 to 2034

Figure 170: Eastern Europe Market Attractiveness by Booking Channel, 2024 to 2034

Figure 171: Eastern Europe Market Attractiveness by Tourist Type, 2024 to 2034

Figure 172: Eastern Europe Market Attractiveness by Tour Type, 2024 to 2034

Figure 173: Eastern Europe Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 174: Eastern Europe Market Attractiveness by Age Group, 2024 to 2034

Figure 175: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 176: South Asia and Pacific Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 177: South Asia and Pacific Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 178: South Asia and Pacific Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 179: South Asia and Pacific Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 180: South Asia and Pacific Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 181: South Asia and Pacific Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 182: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 183: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 184: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 185: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 186: South Asia and Pacific Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 187: South Asia and Pacific Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 188: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 189: South Asia and Pacific Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 190: South Asia and Pacific Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 191: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 192: South Asia and Pacific Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 193: South Asia and Pacific Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 194: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 195: South Asia and Pacific Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 196: South Asia and Pacific Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 197: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 198: South Asia and Pacific Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 199: South Asia and Pacific Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 200: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 201: South Asia and Pacific Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 202: South Asia and Pacific Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 203: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 204: South Asia and Pacific Market Attractiveness by Hotel Type, 2024 to 2034

Figure 205: South Asia and Pacific Market Attractiveness by Booking Channel, 2024 to 2034

Figure 206: South Asia and Pacific Market Attractiveness by Tourist Type, 2024 to 2034

Figure 207: South Asia and Pacific Market Attractiveness by Tour Type, 2024 to 2034

Figure 208: South Asia and Pacific Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 209: South Asia and Pacific Market Attractiveness by Age Group, 2024 to 2034

Figure 210: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 211: East Asia Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 212: East Asia Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 213: East Asia Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 214: East Asia Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 215: East Asia Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 216: East Asia Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 217: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 218: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 219: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 220: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 221: East Asia Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 222: East Asia Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 223: East Asia Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 224: East Asia Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 225: East Asia Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 226: East Asia Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 227: East Asia Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 228: East Asia Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 229: East Asia Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 230: East Asia Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 231: East Asia Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 232: East Asia Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 233: East Asia Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 234: East Asia Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 235: East Asia Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 236: East Asia Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 237: East Asia Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 238: East Asia Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 239: East Asia Market Attractiveness by Hotel Type, 2024 to 2034

Figure 240: East Asia Market Attractiveness by Booking Channel, 2024 to 2034

Figure 241: East Asia Market Attractiveness by Tourist Type, 2024 to 2034

Figure 242: East Asia Market Attractiveness by Tour Type, 2024 to 2034

Figure 243: East Asia Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 244: East Asia Market Attractiveness by Age Group, 2024 to 2034

Figure 245: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 246: Middle East and Africa Market Value (US$ Million) by Hotel Type, 2024 to 2034

Figure 247: Middle East and Africa Market Value (US$ Million) by Booking Channel, 2024 to 2034

Figure 248: Middle East and Africa Market Value (US$ Million) by Tourist Type, 2024 to 2034

Figure 249: Middle East and Africa Market Value (US$ Million) by Tour Type, 2024 to 2034

Figure 250: Middle East and Africa Market Value (US$ Million) by Consumer Orientation, 2024 to 2034

Figure 251: Middle East and Africa Market Value (US$ Million) by Age Group, 2024 to 2034

Figure 252: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 253: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 254: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 255: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 256: Middle East and Africa Market Value (US$ Million) Analysis by Hotel Type, 2019 to 2034

Figure 257: Middle East and Africa Market Value Share (%) and BPS Analysis by Hotel Type, 2024 to 2034

Figure 258: Middle East and Africa Market Y-o-Y Growth (%) Projections by Hotel Type, 2024 to 2034

Figure 259: Middle East and Africa Market Value (US$ Million) Analysis by Booking Channel, 2019 to 2034

Figure 260: Middle East and Africa Market Value Share (%) and BPS Analysis by Booking Channel, 2024 to 2034

Figure 261: Middle East and Africa Market Y-o-Y Growth (%) Projections by Booking Channel, 2024 to 2034

Figure 262: Middle East and Africa Market Value (US$ Million) Analysis by Tourist Type, 2019 to 2034

Figure 263: Middle East and Africa Market Value Share (%) and BPS Analysis by Tourist Type, 2024 to 2034

Figure 264: Middle East and Africa Market Y-o-Y Growth (%) Projections by Tourist Type, 2024 to 2034

Figure 265: Middle East and Africa Market Value (US$ Million) Analysis by Tour Type, 2019 to 2034

Figure 266: Middle East and Africa Market Value Share (%) and BPS Analysis by Tour Type, 2024 to 2034

Figure 267: Middle East and Africa Market Y-o-Y Growth (%) Projections by Tour Type, 2024 to 2034

Figure 268: Middle East and Africa Market Value (US$ Million) Analysis by Consumer Orientation, 2019 to 2034

Figure 269: Middle East and Africa Market Value Share (%) and BPS Analysis by Consumer Orientation, 2024 to 2034

Figure 270: Middle East and Africa Market Y-o-Y Growth (%) Projections by Consumer Orientation, 2024 to 2034

Figure 271: Middle East and Africa Market Value (US$ Million) Analysis by Age Group, 2019 to 2034

Figure 272: Middle East and Africa Market Value Share (%) and BPS Analysis by Age Group, 2024 to 2034

Figure 273: Middle East and Africa Market Y-o-Y Growth (%) Projections by Age Group, 2024 to 2034

Figure 274: Middle East and Africa Market Attractiveness by Hotel Type, 2024 to 2034

Figure 275: Middle East and Africa Market Attractiveness by Booking Channel, 2024 to 2034

Figure 276: Middle East and Africa Market Attractiveness by Tourist Type, 2024 to 2034

Figure 277: Middle East and Africa Market Attractiveness by Tour Type, 2024 to 2034

Figure 278: Middle East and Africa Market Attractiveness by Consumer Orientation, 2024 to 2034

Figure 279: Middle East and Africa Market Attractiveness by Age Group, 2024 to 2034

Figure 280: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

What is the Market Valuation of Boutique Hotels as of 2024?

For 2024, the boutique hotel market is estimated to be valued at USD 9,962.60 million.

What is the Projected Adoption Rate of Boutique Hotels Between 2024 and 2034?

The adoption rate of boutique hotels is calculated to be around 6.9% during the forecast period.

How Much Revenue Is Expected to Generate in the Boutique Hotel Industry by 2034?

The boutique hotel market revenue is expected to shoot up to USD 19,415.50 million by 2034.

Which Tour Type is Extensively Opted by Customers of Boutique Hotel?

Package traveler tour type is extensively opted for by customers of boutique hotels.

Which Country is Expected to Offer Greater Business Opportunities to Boutique Hotels Owners?

India is offering significant growth opportunities to boutique hotel businesses.

Which Players in the Boutique Hotel Industry are Influential?

Nine Hours, Container Hotels, and Tubohotel are influential players in the boutique hotel industry.

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Boutique Hotel Market