Lodging Market Trends and Analysis by Category, Construction Projects, Challenges and Opportunities, 2023 Update

Lodging Market Trends and Analysis by Category, Construction Projects, Challenges and Opportunities, 2023 Update

Summary

Analysis of the lodging sector including insights into lodging categories, major construction projects, market trends influenced by COVID-19, consumer trends, company profiles, sector deals, opportunities and challenges.

Key Highlights

As a result of the COVID-19 pandemic, the global lodging industry's revenues dropped sharply in 2020. However, they began to rise again in XX, reaching $XX billion which was however only XX% of 2019 levels as the global hotel industry reopened after the pandemic lockdowns began to lift.

As per GlobalData COVID-19 sentiment poll, during September 2023, of the XX respondents, XX% said that they were very concerned about COVID-19, which was increased by XX% compared with the prior month of August 2023.

As per GlobalData’s Q3 2022 Consumer Survey, out of XX respondents, XX% of global respondents said that they stayed in hotel chains and resorts. In terms of age group, Gen Y (Millennials) respondents said that XX% of them have stayed in hotel chains and resorts, which is higher than the global average, followed by Gen X (XX%).

According to GlobalData’s Q3 2022 Consumer Survey, camping or staying in a caravan is not a common preference for all generations of travelers. XX% of global respondents said that they stayed in a campervan or caravan, whereas XX% of Gen Z and Boomers, XX% of Gen Y (Millennials) and Gen X, XX% of Silent Generation respondents said that they camped or stayed in a caravan when they went on holiday.

Scope

• This report provides an analysis of the lodging sector including insights into lodging categories, major construction projects, market trends influenced by COVID-19, consumer trends, company profiles, sector deals, opportunities and challenges.

Reasons to Buy

• Gain an insight into the leading players in the lodging sector.
• Understand how they have adapted to the threat of COVID-19.
• Understand key market trends and consumer preferences.
• Gain a detailed understanding of the key trends, issues and chellenges facing loding providers.