Hotels & Motels in Middle East

Hotels & Motels in Middle East

Summary

Hotels & Motels in Middle East industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms.
• The Middle Eastern hotels & motels industry recorded revenues of $90.0 billion in 2023, representing a compound annual growth rate (CAGR) of 8.2% between 2018 and 2023.
• The number of establishments in the industry grew at a CAGR of 4.0% between 2018 and 2023, reaching a total of 5,849 in 2023.
• The Middle Eastern hotels & motels industry recorded revenues of $90.0 billion in 2023, representing a compound annual growth rate (CAGR) of 8.2% between 2018 and 2023. In comparison, the European and North American industries grew with CAGRs of 3.2% and 5.8%, respectively, to reach $391.7 billion and $329.6 billion in 2023.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Middle East
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Middle East
• Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Middle East hotels & motels market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Middle East hotels & motels market by value in 2023?
• What will be the size of the Middle East hotels & motels market in 2028?
• What factors are affecting the strength of competition in the Middle East hotels & motels market?
• How has the market performed over the last five years?
• Who are the top competitors in Middle East's hotels & motels market?