Technology Advancement In Distribution Models, High Adoption Of Social Media, Five Star Hotel’s Newest Market Trend

-CB Edit Desk

The up-to-date coverage of the latest report Five Star Hotel Market provides a detailed synopsis as well as a consistent evaluation of accurate revenue over the forecasted timespan, as from The Courier. Current trends, industry analysis, and growth development represented in the report are of great help for the new industry players entering the market. This market research report includes an in-depth analysis of global and regional markets with the understanding given for variation in the growth of the industry in particular regions, giving a specific investigation of the market status, venture plans, establishment and usage, value patterns.

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The Five Star Hotel Market report by Advance Market Analytics gives an important source to figure out the market and other fundamental technicalities relating to it, covering market growth potentials that can benefit the stakeholders to understand growth opportunities, competitive scenarios, and key trends in the Five Star Hotel market. This report provides a detailed overview of the Five Star Hotel market with respect to the crucial drivers affecting the revenue graph of this business sphere.

What is Five Star Hotel?

As India is contributing high in the tourism industry. According to IBEF, the tourism & hospitality industry in India is directly contributing to India’s GDP flowed by 23.6% was in 2017, and also tourism in India covered for 9.4% of the GDP. It includes revenues from restaurants and banquets. Usually, the revenues from F&B division are about 35-40% of the total hotel revenues. It depends on various factors such as occupancy rates of the property, size of banquets and conferences, connectivity and technology in the banquet area, hotel location, etc.

Major & Emerging Players in Five Star Hotel Market:-

Marriott International (United States),Hilton (United States),Hyatt Hotels (United States),Four Seasons Holdings Inc. (United States),Shangri-La International Hotel Management Ltd. (Hong Kong),InterContinental Hotels Group PLC (United Kingdom),Mandarin Oriental International Limited (Hong Kong),Tata Group (India),Jumeirah International LLC (United Arab Emirates),Kerzner International Limited (The Bahamas),

The titled segments and sub-section of the market are illuminated below:

Application (Business Traveller, Leisure Travellers, Airline Cabin Crew, Others), Distribution Channels (Travel Agents, Online Travel Portals, Marketing Alliances, Booker, CRS, GDS), Themes (Ecotel, Boutique Hotels, Heritage Hotels, Spa Hotels), Hotel (Business Hotel, Suite Hotel, Airport Hotel, Resorts Hotel)

Market Trends:

Technology advancement in distribution models, such as the advent of digital technologies in booking and marketing activities. High adoption of social media helps hotel providers in advertising and other services

Market Drivers:

High Growth in Tours and Tourism Industry

Growing Demand for The Leisure Travel

The emergence of Luxury Hotels

Challenges:

High Initial Investment Required for The Five-Star Hotel

Difficulty in Government Approvals and Licenses

Opportunities:

Advancement in the hospitality industry is one of the key industries behind the high growth of the services sector. This shows strong growth potential across the globe, majorly in the South Arabia region. With the increased funding of government in hospit

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What are the market factors that are explained in the Five Star Hotel Market report?

– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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