Hospitality Market In Indonesia 2024-2028
The hospitality market in indonesia is forecasted to grow by USD 7776.7 mn during 2023-2028, accelerating at a CAGR of 6.2% during the forecast period. The report on the hospitality market in indonesia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by shifting preference for local and authentic experiences, increasing number of travelers opting for new types of tourism, and implementation of sustainable tourism practices by hospitality companies.
Technavio's hospitality market in indonesia is segmented as below:
By Type
By Service
- Food service
- Accommodation
By Geographical Landscape
This study identifies the increase in internet access and online testimonials as one of the prime reasons driving the hospitality market in indonesia growth during the next few years. Also, increase in eco-conscious travelers and increasing investments in hospitality industry will lead to sizable demand in the market.
The report on the hospitality market in indonesia covers the following areas:
- Hospitality Market in Indonesia sizing
- Hospitality Market in Indonesia forecast
- Hospitality Market in Indonesia industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hospitality market in indonesia vendors that include Archipelago International, Altai Travel, Kota Satu Properti Tbk, Manta Dive Gili Air, MG Group, Nice Tour Bali, OSO GROUP, Panorama Group, PT Garuda Indonesia Persero Tbk, PT Kakaban Tour and Travel Services, PT PEGADAIAN, PT Pertamina Patra Niaga, PT Singarajaputra Tbk, PT. Golden Rama Express, SAHID HOTELS and RESORTS, The Seven Holiday, and Xotels Ltd.. Also, the hospitality market in indonesia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.