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Manage Hotels Category with Ai powered
Procurement Productivity Suite

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

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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

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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

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Assess Supplier Risk based on key risk and compliance parameters

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

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

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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

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

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Get information on key factors affecting your supply

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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

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

Abi - AI powered digital procurement assistant

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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

1

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

Assess Supplier Risk based on key risk and compliance parameters

1

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

2

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

discover-supplier

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

1

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

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

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

source-market-indices

Get information on key factors affecting your supply

1

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

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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

Table of contents

  1. Hotels Executive Summary
  2. Global Hotels: Industry Outlook
  3. Coronavirus Impact on Corporate Travel
  1. Hotels Market Analysis
  2. Global Hotels Market Maturity
  3. Industry Trends
  4. Drivers and Constraints
  5. Regional Market Analysis
  6. Porter’s Five Forces Analysis: Hotels
  1. Cost and Pricing Analysis
  2. Cost Structure Analysis
  3. Cost Break up, Analysis, and Expected Savings: Hotels
  1. Procurement Best Practices
  2. Sourcing Models: Hotels
  3. Pricing Models: Hotels
  4. KPIs, SLAs: Hotels

 

  1. Negotiation Levers
  2. Hotels

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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

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