As per newly released data by Future Market Insights (FMI), the Independent Lodgings Market is estimated at USD 206 Billion in 2022 and is projected to reach USD 222.0 Billion by 2032, at a CAGR of 11% from 2022 to 2032.
| Attribute | Details |
|---|---|
| Independent Lodgings Market Estimated Size (2022) | USD 206 Billion |
| Independent Lodgings Market Projected Size (2032) | USD 222.0 Billion |
| Independent Lodgings Market Value-based CAGR (2022 to 2032) | 11% |
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The independent lodging tourism market is forecasted to grow at a steady rate during the forecast period. The growth can be attributed to several reasons both international and domestic. These hotels can directly target a greater flow of guests at a much high market share than other franchise hotels. In addition, a franchise has to face the task of running hundreds of hotels. Independent lodgings can simply be mindful of standardizing the procedures for enhancing their performance.
They may not have a central hierarchy system. In the case of chain hotels, they all run under the same brand and have to maintain the same quality in every hotel. So there is not much scope for innovation in chain hotels, since they all maintain the same quality.
This means that there are no changes that a chain hotel can offer for people who stay there regularly. Independent lodgings can adapt to local dwelling environments. They have a unique identity that makes them stand apart from chain hotels. They have the freedom to be creative and innovative.
Franchise Hotels have their hotels in different cities and different countries. These hotels have their control in the hand of the central system. They have a general manager to operate each hotel. These managers do not have enough rights to make policies for the hotel. They have to follow the guidelines of the central system. While in the case of independent lodgings, management spends their time on it.
They are more devoted to planning for a hotel/ They can utilize resources more optimally and management can focus on improving the performance of the hotel more effectively than a franchise. They are free to adopt any type of innovation in their hotels.
Amenitiz is an all-in-one solution centralizing all the tools an independent hotelier needs to run his hotel and boost direct bookings.
Hotels need social media to attract new guests. You need to provide your hotel with what it wants and use social media to provide content that tells a story and can inspire guests to make your hotel their destination. You should post that will allow your new guests to find out if what you offer is really what you advertise.
You can communicate with them with interesting information, beautiful imagery, and informative videos. Even if you can hire influencers it’s not necessary to be celebrities who have significant community or followers and friends who can influence your customers via social media like Facebook, Instagram, and Twitter.
A variety of hotels and motels in the USA and the hotel industry collect great revenue from the hotel industry
Independent hotel has become more important to the hotel and tourism industry, and they will continue to grow, according to the Lodging Automation Industry Research. Independent collections have become the growing sector, whereas chains, which have been outperforming independently.
There are over 91,000 hotels and motels in the USA. The main industry players must stay alert for what else may impact the industry after the pandemic. After the pandemic, the market size of the hotels and motel industry in the USA increased faster by the economy overall. The average market growth from 2022 to 2023 is 11% CAGR.
Film festivals are the major driving factor in the France Film Tourism market
It is important for an independent hotel to ensure that its guests leave with a warm and inviting environment. This could be done by using technology that lets the guests feel as if they are in their homes. For independent hoteliers, this could include things like allowing guests to use all of the rooms with minimal fees. Not charging dues ensures that at least some of the guests could afford the stay. Hoteliers, could maintain the personal touch, stand out from the crowd, memorable yet affordable experiences, attracting the best talent, digital discount wars, guest satisfaction is of utmost importance.
These numbers show the taking off the ubiquity of autonomous lodgings among explorers - however not just that. The rising progress of the present free convenience and housing suppliers additionally lets us know that the hoteliers behind these properties are adjusting to changes in voyager conduct and inn-promoting channels. They're getting on the web, and they're embracing innovation.
Also, that is the way these well-informed free thinkers benefit from explorers' proceeded with energy and interest for the special inn encounters they offer. Innovation has made everything fair by permitting more modest lodgings to play large through admittance to top-notch advertising, income the board, internet business, and cutthroat bits of knowledge apparatuses and advancements.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
Hotels are the most preferred type of stay in the Independent Lodgings sector
Typically, hotels are the most popular type of accommodation for tourists. As a hotelier, you can run your hotel independently, or join a corporation, making your hotel a part of a global chain. Whichever form your hotel takes, you need to understand its rankings to attract tourists. The size, type of amenities, location, and price of your hotel determine its rating, which ranges on a scale between 1-5 stars. The higher the number, the better the hotel performs. Those that open their doors for lodging are welcoming visitors. Hoteliers need to provide them with accommodation and entertainment activities.
Online booking channels lead the booking channel segmentation
The growth of the online booking channel has originated due to the ease of use online and the online presence of advertised firms. Today, it is the most preferred channel for booking a tour. People appreciate the hassle-free experience as well as the decent number of tour options found in the online channel. These factors are expected to increase the adoption of this channel for online booking in the future.
Packaged Traveler is the most prominent category
Commonly, packaged travelers are made up of people who buy travel tours with certain locations planned within the tour package. They are less likely to book tours separately, buy tour packages separately or customize tours. Having packages built by travel agencies help these customers save money, effort, and time by buying them in bulk and they also find the tour package attractive. They are now the majority segment in the hotel tour type sector.
The market leaders are continuously diversifying to stay ahead of their competitors, with some offering all-inclusive tour packages to keep tourists from cluttering around, and others, by way of initiatives by the government and promotions, improving their service offerings
For Instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania & Middle East; and Africa(MEA). |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Benelux, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia & New Zealand. |
| Key Segments Covered | Type of hotels, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group, and Region |
| Key Companies Profiled | Karaman Group Hotel; Grand Palace Hotel Hannover; Central-Hotel Kaiserhof; Palace Hotel Tokyo; Sandy Lane Hotel; Hotel Hassler Roma, |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Film Tourism market is currently valued at USD 206 Billion in 2022.
The Independent Lodgings market is currently forecasted to grow at a rate of 11% CAGR during the forecast period.
Driving trends in the Independent Lodgings market are the increasing popularity of pop culture and the ease of travel to such locations.
Leading players operating in the Independent Lodgings sector are Karaman Group Hotel, Grand Palace Hotel Hannover, Central Hotel Kaiserhof, Palace Hotel Tokyo, Sandy Lane Hotel, and Hotel Hassler Roma.
Explore Hospitality Insights
View Reports
Independent Lodgings Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
