Hotels & Motels in Middle East
SummaryHotels & Motels in Middle East industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-21, and forecast to 2026). 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 had total revenues of $20.3 billion in 2021, representing a negative compound annual rate of change (CARC) of 2.3% between 2016 and 2021.
- Industry consumption volume increased with a compound annual growth rate (CAGR) of 6.7% between 2016 and 2021, to reach a total of 5,234 establishments in 2021.
- According to MarketLine, in 2021, Emirates accounting for a share of 59.3% was the largest hotels & motels industry in the Middle Eastern region followed by Saudi Arabia and Israel, holding a share of 24.1% and 10.1%, respectively.
Scope
- Save time carrying out entry-level research by identifying the size, growth, 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
Reasons To Buy
- What was the size of the Middle East hotels & motels market by value in 2021?
- What will be the size of the Middle East hotels & motels market in 2026?
- 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?
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