Table of Contents
Data Sources
Abbreviations
Issues in the Market
-
- Sharing economy – accommodation-rental websites
- Distribution
- New ‘lifestyle’ hotel brands
- Frequent-guest schemes – still relevant?
- Implications of NLRB ruling on hotel staffing
- Second-tier management companies
Global Summary
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- Demographic trend
- Immigration wild card
- Japan the odd one out
-
- Figure 1: Worldwide population distribution by age cohort, 1980-2050
- Seniors should be targeted by hotels
- Economy
-
- Figure 2: World Economic Outlook projections, update, October 2015
- Interest rates
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- Figure 3: Forecast for short-term interest rates (3-month Libor) and 10-year government bonds in 3 months and in 12 months (in %), as of 29/09/2015
- Exchange rates
-
- Figure 4: Currency rate forecast, 30 September 2015
- Outlook for spending on travel and tourism
-
- Figure 5: Spending* on travel & tourism worldwide, 2014 & 2025
- Africa
-
- Figure 6: Spending* on travel & tourism in Africa, 2014 & 2025
- Americas
-
- Figure 7: Spending* on travel & tourism in Americas, 2014 & 2025
- Asia Pacific
-
- Figure 8: Spending* on travel & tourism in Asia Pacific, 2014 & 2025
- Europe
-
- Figure 9: Spending* on travel & tourism in Europe, 2014 & 2025
- Middle East
-
- Figure 10: Spending* on travel & tourism in the Middle East, 2014 & 2025
- Leading hotel chains
-
- Figure 11: The 10 leading hotel groups worldwide, ranked by branded rooms, 2013-14
- Top 20 hotel brands
-
- Figure 12: The 20 leading hotel brands worldwide, ranked by branded rooms, 2013-14
- Leading hotel management companies
-
- Figure 13: Leading hotel management companies worldwide, 2015
- Leading hotel franchisors
-
- Figure 14: Leading hotel franchisors worldwide, 2015
- Leading consortia
- Consortia marking time
-
- Figure 15: Top hotel consortia worldwide, 2013 & 2014
- Geographical presence
-
- Figure 16: Top 10 hotel groups for geographical presence, 2015
- Brand penetration by major region
-
- Figure 17: Penetration of branded hotels* by region, 2014
- Brand penetration by hotel grade
-
- Figure 18: Penetration of branded rooms* by grade worldwide, 2014
- Brand penetration by type of location
-
- Figure 19: Penetration of branded rooms* by type of location, 2014
- Review of hotel performance worldwide
- Region, major country and city
-
- Figure 20: Hotel performance in US$ by major world region & city YTD end September 2014 & 2015
- A brighter picture in Euros
-
- Figure 21: Hotel performance in Euros by major world region & city YTD end September 2014 & 2015
Review of Leading Hotel Markets
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- Australia
- Volume
-
- Figure 22: Tourist accommodation establishments* in Australia, 2009-18
- Segmentation
-
- Figure 23: Australia – Travel Accommodation: Market segmentation by volume (number of hotels), 2006-13
- Market shares
-
- Figure 24: Company market share by volume (number of hotels), 2012-13
- Recent developments
- Brazil
- Volume
-
- Figure 25: Tourist accommodation establishments* in Brazil, 2010-19
- Segmentation
-
- Figure 26: Brazil – Travel Accommodation: Market segmentation by volume (number of hotels), 2011-14
- Market shares
-
- Figure 27: Company market share by number of hotels, 2013-14
- Recent developments
- Hotel performance to pick up in 2016
- Canada
- Volume
-
- Figure 28: Tourist accommodation establishments* in Canada, 2009-18
- Segmentation
-
- Figure 29: Canada’s travel accommodation – market segmentation by volume (number of properties ), 2010-13
- Market shares
-
- Figure 30: Figure: Company market share by number of hotels, 2009-13
- Recent developments
- China
- Volume
-
- Figure 31: Tourist accommodation establishments* in China , 2009-18
- Segmentation
-
- Figure 32: China’s travel accommodation – market segmentation by volume (number of properties ), 2011-13
- Market shares
-
- Figure 33: Company market share by number of hotels, 2012-13
- Recent developments
- Colombia
- Volume
-
- Figure 34: Tourist accommodation establishments* in Colombia, 2009-18
- Segmentation
-
- Figure 35: Colombia’s travel accommodation – market segmentation by volume (number of properties), 2010-13
- Market shares
-
- Figure 36: Company market share by number of hotels, 2011-13
- Recent developments
- France
- Volume
-
- Figure 37: Tourist accommodation establishments* in France, 2009-18
- Segmentation
-
- Figure 38: France’s travel accommodation – market segmentation by volume (number of properties ), 2006-13
- Market shares
-
- Figure 39: Company market share by number of hotels, 2009-13
- Recent developments
- Germany
- Volume
-
- Figure 40: Tourist accommodation establishments* in Germany, 2010-19
- Segmentation
-
- Figure 41: Germany’s travel accommodation – market segmentation by volume (number of properties), 2007-14
- Market shares
-
- Figure 42: Germany’s travel accommodation – company market share by volume (number of hotels), 2010-14
- Recent developments
- India
- Volume
-
- Figure 43: Tourist accommodation establishments* in India, 2009-18
- Segmentation
-
- Figure 44: India’s travel accommodation – market segmentation by volume (number of hotels), 2007-13
- Market shares
-
- Figure 45: India’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- Value Inn coming to India
- Indonesia
- Volume
-
- Figure 46: Tourist accommodation establishments* in Indonesia , 2009-18
- Segmentation
-
- Figure 47: Indonesia’s travel accommodation – market segmentation by volume, 2007-13
- Market shares
-
- Figure 48: Indonesia’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- Italy
- Volume
-
- Figure 49: Tourist accommodation establishments* in Italy, 2010-19
- Segmentation
-
- Figure 50: Italy’s travel accommodation – market segmentation by volume, 2008-14
- Market shares
-
- Figure 51: Italy’s travel accommodation – company market share by volume (number of hotels), 2010-14
- Recent developments
- A difficult market to penetrate
- Three types of hotels
-
- Figure 52: JSH Hotels & Resorts’ portfolio, 2014
- Leases still common
- Financial environment improving
- Japan
- Volume
-
- Figure 53: Tourist accommodation establishments* in Japan, 2009-18
- Segmentation
-
- Figure 54: Japan’s travel accommodation – market segmentation by volume, 2007-13
- Market shares
-
- Figure 55: Japan’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- Starwood Hotels & Resorts
- Hoshino Resort Co.
- Milial Resort Hotels
- Vegas in Japan?
- Mexico
- Volume
-
- Figure 56: Tourist accommodation establishments* in Mexico, 2009-18
- Segmentation
-
- Figure 57: Mexico’s travel accommodation – market segmentation by volume, 2007-14
- Market shares
- Hoteles City Express
-
- Figure 58: Description of Hoteles City Express’ brands, 2015
- Figure 59: Mexico’s travel accommodation – company market share by volume (number of hotels), 2013-14
- Recent developments
-
- Figure 60: Breakdown of Mexico’s pipeline by chain scale, 2015
- Russia
- Volume
-
- Figure 61: Tourist accommodation establishments* in Russia , 2009-18
- Segmentation
-
- Figure 62: Russia’s travel accommodation – market segmentation by volume, 2007-13
- Market shares
-
- Figure 63: AMAKS’ hotel portfolio, 2015
- Figure 64: Russia’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- A third Sheraton for Russia
- South Africa
- Volume
-
- Figure 65: Tourist accommodation establishments* in South Africa , 2009-18
- Segmentation
-
- Figure 66: South Africa’s travel accommodation – market segmentation by volume, 2009-13
- Market shares
-
- Figure 67: South Africa’s travel accommodation – company market share by volume (number of hotels), 2009-13
- Recent developments
- Recent transactions
- Marriott’s new developments
- South Korea
- Volume
-
- Figure 68: Tourist accommodation establishments* in South Korea , 2009-18
- Segmentation
-
- Figure 69: South Korea’s travel accommodation – market segmentation by volume (number of hotels), 2008-13
- Market shares
-
- Figure 70: South Korea’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- Wyndham’s big push into South Korea
- Spain
- Volume
-
- Figure 71: Tourist accommodation establishments* in Spain, 2010-19
- Segmentation
-
- Figure 72: Spain’s travel accommodation – market segmentation by volume (number of hotels), 2007-14
- Market shares
-
- Figure 73: Spain’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- Turkey
- Volume
-
- Figure 74: Tourist accommodation establishments* in turkey, 2009-18
- Segmentation
-
- Figure 75: Turkey’s travel accommodation – market segmentation by volume, 2009-13
- Market shares
-
- Figure 76: Turkey’s travel accommodation – company market share by volume (number of hotels), 2010-13
- Recent developments
- Turkey’s hotel pipeline reaches all-time high
- UK
- Volume
-
- Figure 77: Tourist accommodation establishments* in UK , 2009-18
- Segmentation
-
- Figure 78: UK’s travel accommodation – market segmentation by volume, 2010-13
- Market shares
-
- Figure 79: UK’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
- US
- Volume
-
- Figure 80: Tourist accommodation establishments* in the US , 2009-18
- Segmentation
-
- Figure 81: US’ travel accommodation – market segmentation by volume (number of hotels), 2008-13
- Market shares
-
- Figure 82: US’ travel accommodation – company market share in % of total hotels, 2009-13
- Recent developments
-
- Figure 83: Top-10 markets by room under construction, September 2015
- Supply risk on the horizon?
- Vietnam
- Volume
-
- Figure 84: Tourist accommodation establishments* in Vietnam , 2009-18
- Segmentation
-
- Figure 85: Vietnam’s travel accommodation – market segmentation by volume, 2010-13
- Market shares
-
- Figure 86: Vietnam’s travel accommodation – company market share by volume (number of hotels), 2011-13
- Recent developments
Sharing Economy – Accommodation-Rental Websites
-
- Impact of the sharing economy
- Hoteliers move into the sharing economy
- Onefinestay offers some hotel services
- Loyalty programme linkages
- Wyndham and IHG
- Room Mate shows the way
- Conclusion
Distribution Channels
-
-
- Figure 87: Hotel booking channel breakdown in the US, 2014
-
- Figure 88: Online share of hotel gross bookings by region, 2014
- Direct bookings
- TripAdvisor and Google now offer direct booking
- How instant booking works
- Instant booking partners
- Customers get loyalty points
- CPA more predictable that CPC
- Booking.com joins instant booking
- Biting the hand that feeds them?
- Booking on the defensive
- ‘Book on Google’
- Direct Hotel Booking on Trivago
- Hotel chains strive for direct bookings
- IHG Rewards club lowest price guarantee
- Marriott’s direct-booking campaign raises hackles
- Travel intermediaries react
- Low customer awareness
- Commitment to agents reiterated
- Accor’s open booking platform
- Accor to charge 14%
- A recruitment platform
- Marketing costs underestimated?
- ‘Only On’
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New ‘Lifestyle’ Hotel Brands – Some Targeting Millennials
-
- AC Hotels by Marriott
- Concept
- Recent developments and outlook
- Canopy by Hilton
- Concept
- Recent developments and outlook
- Cordis Hotels and Resorts
- Concept
- Recent developments and outlook
- China growth
- Another brand
- Curio by Hilton
- Concept
- Branding on the cheap
- Caribbean
- Europe
- North America
- South America
- Recent developments and outlook
- London
- Paris
- Dubai
- Istanbul
- Mobile, Alabama
- Asheville, North Carolina
- Dominica, Caribbean
- EVEN Hotels
- Concept
- Recent developments and outlook
- EVEN Hotel Norwalk
- EVEN Hotel Rockville, Maryland
- Pipeline
- Graduate Hotels
- Concept
- Recent developments and outlook
-
- Figure 89: Graduate hotels pipeline, October 2015
- Hyatt Centric
- Concept
- Recent developments and outlook
- Hotel Jen
- Concept
- Recent developments
- Rebranding Traders’ properties
-
- Figure 90: Hotel Jen portfolio, October 2015
- KARAS
- The KARAS experience
- Recent developments and outlook
- Moxy
- Concept
-
- Figure 91: Marriott's European pipeline of Moxy-branded hotel, 2015
- Ikea is development partner
- OE Collection
- Concept
- OE’s brand positioning vis-à-vis independent hotels
- OE’s adaptability
- Differentiating the OE brand in terms of the guest experience
- Profile of the OE guest
- Recent developments and outlook
- Proper Hotels
- Concept
- Creativity Is the new luxury
- Recent developments and outlook
- Website
- Quorvus Collection
- Concept
- Radisson RED
- Concept
- Development specifications
-
- Figure 92: Building specification for Radisson RED, 2015
- Radisson RED’s first property will be in China
- Launched in South Africa
- A Glasgow location
- First Radisson RED Hotels in the Americas
- Entering Indonesia
- Tribute Portfolio
- Concept
- Recent developments and outlook
- Vib
- Concept
- Low fees
-
- Figure 93: Annual fee comparison as a % of total room revenue (10-year cost), 2015
- Prototype specifications
-
- Figure 94: Vib prototype details, 2015
- Recent developments and outlook
- The first Vib’s signed
- Vīb Miami
- Vīb Chicago
- Five new Vib hotels under development in the US
- Virgin Hotels
- Concept
- Recent developments
Frequent-Guest Schemes – Still Relevant?
-
- Millennials demand instant rewards
- OTA loyalty programmes
- Starwood not affected by OTA loyalty programmes
- Focus on technology
Implications of NLRB Ruling on Hotel Staffing
-
- Creating uncertainty
- Outlook
Second-Tier Management Companies
-
-
- Figure 95: Top-10 second-tier hotel management companies, 31 December 2014
- Interstate Hotels & Resorts
- North American portfolio
-
- Figure 96: North American portfolio by major hotel group, 2015
- European portfolio
-
- Figure 97: Interstate’s European portfolio by major hotel group, 2015
- Asian portfolio
- Interstate-managed hotels by country
-
- Figure 98: Interstate’s portfolio by country & brand, 2015
- Aimbridge Hospitality
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- Figure 99: Aimbridge Hospitality’s portfolio by franchise brand, 2014
- Crescent Hotels & Resorts
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- Figure 100: Crescent Hotels & Resorts’ portfolio by franchise brand, 2014
- White Lodging Services Corporation
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- Figure 101: White Lodging Services' portfolio by franchise brand, 2014
- Figure 102: White Lodging's active pipeline, September 2015
- Pillar Hotels & Resorts
-
- Figure 103: Pillar Hotels & Resorts' hotel portfolio, 2015
- Pyramid Hotel Group
-
- Figure 104: Pyramid Hotel Group’s portfolio by location & chain, 2015
- TPG Hospitality
- Remington
-
- Figure 105: Remington’s hotel portfolio by brand, 2015
- HHM
- GF Management
-
Top Ten Hotel Groups
-
-
- Figure 106: Top-10 hotel groups ranked by growth rate in rooms, 2007-15
-
- Figure 107: Top 10 leading hotel groups worldwide, ranked by branded rooms, 2013-14
-
Hilton Worldwide
-
-
- Figure 108: Hilton share price, December 2013-end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Waldorf Astoria Hotels & Resorts
- Conrad Hotels & Resorts
- Canopy by Hilton
- Hilton Hotels & Resorts
- Curio – A Collection by Hilton
- DoubleTree by Hilton
- Embassy Suites Hotels
- Hilton Garden Inn
- Hampton Hotels
- Homewood Suites by Hilton
- Home2 Suites by Hilton
- Hilton Grand Vacations
- Recent developments
-
- Figure 109: Hilton’s market share of existing rooms & pipeline, 2015
- Sale of the Waldorf Astoria
-
Marriott International
-
-
- Figure 110: Marriott share price 3 years, to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Ritz-Carlton
- Bulgari Hotels & Resorts
- EDITION
- JW Marriott
- Marriott Hotels
- Autograph Collection Hotels
- Renaissance Hotels
- Marriott Executive Apartments
- Gaylord Hotels
- AC Hotels by Marriott
- Courtyard
- SpringHill Suites
- Fairfield Inn & Suites
- Protea Hotels
- Moxy Hotels
- Recent developments
- Marriott agrees to acquire Starwood Hotels & Resorts
- 60 new hotels in the Caribbean and Latin America by 2018
-
IHG
-
-
- Figure 111: IHG share price 3 years to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- InterContinental Hotels & Resorts
- Hotels in the pipeline
- HUALUXE Hotels and Resorts
- Crowne Plaza Hotels & Resorts
- Hotel Indigo
- Holiday Inn
- Holiday Inn Express
- Staybridge Suites
- Candlewood Suites
- EVEN Hotels
- Kimpton Hotels & Restaurants
- Recent developments
-
Wyndham Hotel Group
-
-
- Figure 112: Wyndham share price 3 years to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
-
- Figure 113: Wyndham’s hotel portfolio by brand, segment & region, 31 December 2014
- Recent developments
- Wyndham acquired Dolce Hotels and Resorts
- Wyndham Joins TripAdvisor’s instant booking
-
Choice Hotels International
-
-
- Figure 114: Choice share price, 3 years to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Cambria Hotels and Suites
- Ascend
- Comfort Inn
- Comfort Suites
- Clarion
- Quality
- Sleep Inn
- MainStay Suites
- Suburban Extended Stay Hotel
- Econo Lodge
- Rodeway Inn
- Recent developments
-
- Figure 115: Choice’s worldwide system size statistics as of & for the year ended 31 December 2014
-
AccorHotels
-
-
- Figure 116: Accor share price 3 years to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Sofitel
- Pullman
- MGallery
- Grand Mercure
- Grand Mercure
- Mei Jue and Maha Cipta
- The Sebel
- Novotel
- Suite Novotel
- Mercure
- Mama Shelter
- Adagio Aparthotels
- ibis
- ibis Styles
- ibis budget
- hotelF1
- Recent developments
- HotelInvest buys 43 hotels
- AccorHotels is acquiring FRHI
-
Plateno Hotels Group
-
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- 7 Days Inn
- Portofino Hotels
- Lavande
- Xana Hotelle
- Daojia Hotel
- Hotel12
- ZMAXHOTELS
- Pipeline
- Recent developments
- Plateno has the largest loyalty scheme
- Hampton development agreement
Starwood Hotels & Resorts
-
-
- Figure 117: Starwood share price 3 years to end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
-
- Figure 118: Starwood’s portfolio by brand, 31 December 2014
- St. Regis
- The Luxury Collection
- W
- Westin
- Le Méridien
- Sheraton
- Tribute Portfolio
- Four Points
- Aloft
- Element
- Recent developments
- Starwood sells timeshare
- Yet another brand?
- Design Hotels comes on board
-
Jin Jiang International Hotel Group Co.
-
-
- Figure 119: Jin Jiang Hotels’ share price, (in HK$), 2011-end October 2015
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Jin Jiang brands
- Louvre brands
-
- Figure 120: Louvre Hotel Group’s portfolio by brand, 2015
- Recent developments
- Louvre Hotels Group purchase
- Plateno Hotels Group acquired
-
Best Western Hotels & Resorts
-
- Strengths
- Weaknesses
- Opportunities
- Threats
- Brands
- Best Western
- Best Western Plus
- Best Western Premier
- Best Western Plus Executive Residency
- BW Premier Collection
- Vib
- Recent developments
- GLo
- Digital initiatives
Industry Insight
What Next?
-
- More consolidation
- Economies of scale a key driver
- Low interest rates to continue
- FRHI Hotels & Resorts the next to go
- Increasing Chinese dominance
- Vertical integration of the Chinese outbound market
- OTAs to be squeezed
- Spread of chains reduces reliance on OTAs
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