CATEGORY

Hotels

The hotel industry suppliers are expanding their service offerings and are making their presence geographically with mergers and acquisitions, benefitting global companies by engaging with fewer hotel chains

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Category Alerts


CATEGORY ALERTS

Radisson Hotel Group to Expand its Portfolio by 100 Hotels and Resorts in Thailand by 2025.

July 04, 2022
alert level: Low
CATEGORY ALERTS

Four Points by Sheraton Debuts in Rwanda

July 05, 2022
alert level: Low
CATEGORY ALERTS

Wyndham Hotels & Resorts Continues its Growth Momentum with New Hotel Openings

October 10, 2022
alert level: Low

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Hotels Market Monitoring Dashboard


Supply Demand

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Hotels Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Hotels category is 25.00%

Payment Terms

(in days)

The industry average payment terms in Hotels category for the current quarter is 29.0 days

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Category Strategy and Flexibility

Engagement Model

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Sourcing Process

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Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Hotels Suppliers


    75,194
    Total Suppliers
    2,304
    Diverse Suppliers
    85
    Normalized Supplier Rating
    Hotels Supplier

    Find the right-fit hotels supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ACCENTURE PUBLIC LIMITED COMPANY
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    58

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    90
    Social
    42
    Governance
    67
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    55
    Community Environment
    54
    Corporate governance
    72
    Human resources
    29
    Security Scorecard
    97

    Threat indicators
    A
    95
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    A
    98
    Application Security
    Detecting common website application vulnerbilities
    A
    94
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    99
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    accenture.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    0
    Production Supply Chain Issues
    3
    Environmental Non Compliance Flags
    12
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    2
    Labor Health Safety Flags
    6
    Regulatory Issues
    3
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    80
    Discrimination Workforce Rights Issues
    5
    esg controversies critical severity
    No

    Hotels market report transcript


    Global Market Outlook on Hotels

    • The global hotel industry, before COVID-19, was growing at a CAGR of 3.9 percent, and it was expected to reach approximately $644 billion by 2020. However, the market has currently been adversely impacted by the Covid-19 crisis, and it is expected to be valued at approximately $210 billion, a decline of 40 to 45 percent by 2020
    • The hotel industry in Europe, Central/South America, Middle East, and the APAC have shown negative results across all parameters (Occupancy rate, RevPAR and ADR) as per April 2020 Y-o-Y.

    Growth Drivers 

    • The business travel segment is growing; increased role of internet and technology in making hotel bookings easier (e.g., mobile check-in/check-out)
    • Expanding business in emerging market leads to increased growth in business travel and demand for hotels

     Constraints

    • Supply shortage in emerging markets, alternatives to travel, like virtual meetings, are reducing travel and hence, the need for hotel bookings

    Price Forecast: Hotels (2018)

    Globally, a 3.7 percent average increase in hotel prices is expected in 2018 compared to 2.5 percent in 2017. Europe is expected to record a strong increase, while other regions are coping up with inflation. The impact of the 2017 mergers is expected to be felt during the 2018 RFP season.

    Pricing Trends

    North America

    • As demand has levelled off since 2016, North American hoteliers may be banking on economic growth, but supply is expected to continue growing steadily through 2018

    LATAM 

    • Capacity is being added throughout the region between 2016 and 2025, which projects a 57 increase increase in supply
    • Spend reduction is also a priority

    Europe

    • Hoteliers in Eastern Europe are optimistic, as 2017 statistics reflects occupancy picking up
    • No measurable impact is expected from Brexit until 2019 in the UK
    • RevPAR growth is expected for major cities in Europe

    MEA

    • In the MEA, Saudi Arabia is leading in construction of rooms, followed by Saudi Arabia, Qatar and Egypt

    APAC

    • Hotel prices are expected to rise with huge discrepancies
    • Strong economies are driving the demand
    • Buyers should be equipped to manage challenging negotiations with newly merged hotel groups

    Regional Trends: Hotels

    Suppliers are progressively moving corporate buyers away from fixed, negotiated hotel rates and toward dynamic rate pricing. There is also a global trend toward “smarter” hotels with advanced technologies.

    North America

    • Market: It is a seller's market for North American hotels, with rates up around 5–6 percent in 2016
    • Growth: Demand is steady, but there is little new supply, outside mid-scale brands, like Hampton Inn and Courtyard
    • Opportunity: There is a scope for more consolidation in the industry
    • Alternatives: Serviced apartments and extended-stay properties, both of which include kitchen facilities, are gaining renewed interest as a compromise between hotels and Airbnb-style private accommodation offerings

    LATAM

    • Need for developed infrastructure: In spite of current challenges, LATAM still needs more high-end properties to meet the region's underlying demand. Local chains still provide most of the supply
    • New openings: Recent new openings in countries, like Peru, Chile, Mexico and Panama, have been confined largely to mid-scale properties
    • Upgradation: Existing hotels are upgrading their facilities, offering improved business centres and Wi-Fi
    • Influx of new hotels: Major cities have experienced supply of new hotels, but due to economic uncertainties, the hotel market remains undersupplied in most cases