Hotels & Motels in Argentina
SummaryHotels & Motels in Argentina 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 Argentinian hotels & motels industry recorded revenues of $3.5 billion in 2023, representing a negative compound annual growth rate (CAGR) of 2.7% between 2018 and 2023.
- The number of establishments in the industry declined with a negative CAGR of 1.9% between 2018 and 2023, reaching a total of 5,137 in 2023.
- The contraction in Argentinian hotels & motels industry value is also attributed to the fall in travel and tourism spending. According to the World Travel & Tourism Council (WTTC), travel and tourism spending in the country fell by over 10.2% in 2023, as fewer international visitors traveled to the region and domestic tourists cut back on leisure spending.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hotels & motels market in Argentina
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in Argentina
- 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 Argentina hotels & motels market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Argentina hotels & motels market by value in 2023?
- What will be the size of the Argentina hotels & motels market in 2028?
- What factors are affecting the strength of competition in the Argentina hotels & motels market?
- How has the market performed over the last five years?
- Who are the top competitors in Argentina's hotels & motels market?
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