beroe-ai

Hotels
Market, Supplier, Risk and
Competitive Intelligence

best-value

No Additional Benefits

Not ready yet? Schedule your free Demo

Manage Hotels Category with Ai powered
Procurement Productivity Suite

Meet Abi

Abi will answer all Hotels related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover

Discover Market Info

Get up-to-date market and supplier info on Hotels to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Manage Risk

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

performance

Find Suppliers

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

suppliers

Assess Category Performance

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

indices

Source Market Indices

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Meet Abi

discover

Discover Market Info

manage-risk

Manage Risk

performance

Find Suppliers

suppliers

Assess Category Performance

indices

Source Market Indices

Abi will answer all Hotels related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

Get up-to-date market and supplier info on Hotels to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

Assess Supplier Risk based on key risk and compliance parameters

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

Benchmark your category performance against peers and the market

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

Get information on key factors affecting your supply

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Get Beroe LiVE.Ai™ subscription for your team

Get your Free Demo

17k + companies trust Beroe for their supply market intelligence needs

Check out what’s included in market information for Hotels on Beroe LiVE.Ai™

Learn More about Beroe LiVE.Ai™

Hotels Category Intelligence

Report Coverage

Preferred Sourcing Model: Hotels
Hotel Programs of Large Global Companies
Preferred Pricing Model: Hotels
Cost-saving Opportunities: Hotels
KPIs: Hotels

Market Size

Global Market Size

$644 Bn

CAGR

3.9 Percent

Market Size NA

$60-65 Bn

Market Size MEA

$10-12 Bn

Hotels Market Trends

Category Intelligence on Hotels covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

Table of contents

Hotels Executive Summary
Global Hotels: Industry Outlook
Coronavirus Impact on Corporate Travel

Hotels Market Analysis
Global Hotels Market Maturity
Industry Trends
Drivers and Constraints
Regional Market Analysis
Porter’s Five Forces Analysis: Hotels

Cost and Pricing Analysis
Cost Structure Analysis
Cost Break up, Analysis, and Expected Savings: Hotels

Procurement Best Practices
Sourcing Models: Hotels
Pricing Models: Hotels
KPIs, SLAs: Hotels

Negotiation Levers
Hotels

Want a more detailed personalised report?

Industry Outlook & Drivers

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

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

Join us on Oct 6 for a webinar on Managing Inflation and Supply Shortages

Copyright © 2021 Beroe Inc / Beroe Consulting India Pvt Ltd. | All rights reserved.

Privacy Policy|