Hotels & Motels in the United Kingdom
SummaryHotels & Motels in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, 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 UK hotels & motels industry had total revenues of $23.5 billion in 2021, representing a negative compound annual rate of change (CARC) of 11.6% between 2016 and 2021.
- Industry consumption volume increased with a compound annual growth rate (CAGR) of 0.2% between 2016 and 2021, to reach a total of 40,038 establishments in 2021.
- The UK has a lot to offer in terms of cultural and arts sector, museums, natural landscapes, and heritage sites which attracts large number of visitors from within and outside the country.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the hotels & motels market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hotels & motels market in the United Kingdom
- 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 United Kingdom hotels & motels market with five year forecasts
Reasons To Buy
- What was the size of the United Kingdom hotels & motels market by value in 2021?
- What will be the size of the United Kingdom hotels & motels market in 2026?
- What factors are affecting the strength of competition in the United Kingdom hotels & motels market?
- How has the market performed over the last five years?
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