The pet lodging market is estimated to be valued at USD 4 billion in 2023 and is expected to total USD 7 billion by 2033. The adoption of pet lodging likely to advance at a CAGR of 5.7% during the forecast period.
The increasing trend of humanizing pets has significantly impacted the pet lodging market. Pet owners now consider their furry companions as family members and seek accommodations that provide a similar level of comfort and care. This driver has led to the rise of premium and personalized pet lodging services that cater to the unique needs and preferences of pets.
With the growth of pet-friendly travel and tourism, pet owners are looking for accommodations that allow them to explore new destinations with their pets. This driver has created opportunities for pet lodging facilities in popular tourist destinations, offering convenient and comfortable stays for both pets and their owners.
The increasing number of dual-income households has led to higher demand for pet lodging services. With busy work schedules and travel commitments, pet owners require reliable and trustworthy accommodations to ensure the well-being of their pets in their absence. This driver has fueled the growth of professional pet lodging facilities that provide a safe and nurturing environment for pets.
The aging pet population and pets with special needs require specific care and accommodations. This driver has led to the emergence of specialized pet lodging facilities that cater to the unique requirements of these pets, including mobility assistance, medical supervision, and personalized attention.
The integration of technology in the pet lodging market is transforming the industry. From online booking platforms to mobile apps for real-time updates and communication, technological advancements have enhanced the convenience and experience for both pet owners and facility operators.
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 4 billion |
| Projected Market Size (2033) | USD 7 billion |
| CAGR through (2023 to 2033) | 5.7% |
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The global pet lodging market is expected to grow at a steady CAGR of 5.7% during the forecast period from 2023 to 2033, owing to the rising pet adoption rates across the world. Demand for pet lodging services is particularly high in developed regions due to booming travel and tourism sector along with increased pet-adoptions.
People going out of town for work or leisure purposes are looking for a safe and comfortable environment for their pets to stay, while the adopters are outstation. Similarly, an increase in pet-adoptions across the developing nations like India and China is likely to create lucrative opportunities for the pet lodging market players during the forthcoming years.
Paws and Pampering: The Flourishing Pet Lodging Market Embraces the Rise of Pet Humanization
Over the years, rise in humanization of pets or pet humanization, a “pets as-family” culture, where consumers are looking after their furry companions as part of the family has ignited the demand for pet products and services across the world. This is one of the key factors augmenting growth in pet lodging market and this trend will continue during the forecast period.
Consumers are gaining awareness about the different needs of their pets, and as a result the spending on the services that provide utmost comfort and safe environment to their pets has also increased.
Pawsitively Promising: Surging Pet Adoptions Spark a Furry Demand for Pet Lodgings in Emerging Economies
Demand for pet lodging across developing nations like India and China is slated to grow at a robust pace over the assessment period, owing to the rise in pet adoption rates due to rapid economic growth and changing lifestyles.
This will present the service providers with an excellent opportunity to expand their services into these countries. Similarly, the growing trend of pet-parent culture in these nations will favor the growth of pet lodging market during the forecast period.
As per FMI, the United States pet lodging market is projected to reach a valuation of USD 800 million in 2023. This is due to rapid surge in pet adoption rates, increasing pet spending and availability of advanced pet lodging services.
Over the years there has been a sharp rise in pet adoptions in the United States due to several factors. As per the American Pet Products Association’s (APPA’s) 2021 to 2022 National Pet Owners Survey, it is estimated that around 90.5 million homes in the USA own a pet. Furthermore, around USD123.6 billion was spent on pets in the USA during 2021. This is creating lucrative opportunities for the market players.
In recent years, UAE has become one of the most lucrative markets for pet lodging across the MEA region and this trend is likely to continue during the forecast period. As per FMI, the pet lodging market in UAE is expected to grow at a CAGR of 6% during the forecast period.
Recent data revealed that UAE attracted more than ~25 million visitors in 2019, which included people who travelled with their pets. The tourists visiting UAE look for lodging options for their pets to stay comfortably at while they are away enjoying their vacation or completing their work obligations. Thus, booming tourism industry will continue to create a conducive environment for pet lodging service providers in the UAE during the next decade.
As per FMI, the United Kingdom pet lodging market is expected to expand at a 3% CAGR between 2023 and 2033, owing to the rise in pet adoption and availability of leading pet lodging service providers. The United Kingdom has been historically one of the most lucrative markets for pet lodging services.
Consumers in the United Kingdom market are reported to be more likely to travel in the coming years, and with a combined pet cat and dog population of ~20.3 million, there is an immense growth opportunity for the pet lodging market in the United Kingdom.
Principal Consultant
Dog kennels were the most offered and chosen services around the globe in the pet lodging market. This is due to a variety of determinants present inside the market, as well as a few outside factors.
Dogs are the most adopted pets around the globe. As a result, majority of service providers are focusing on dog-related services. This is making dog category segment the leading revenue source in the global pet lodging market.
With rising number of people going away for an extended period of time, there has been a substantial increase in demand for extended stay lodging services across the world and this trend is likely to continue during the forecast period.
Consumers have shown the tendency to use the services of pet lodging preferably when they are planning to leave their pets away for an extended period of time. Thus, the ‘extended stay’ category has remained the most popular choice of service offered. It accounted for the majority of revenue generated by the global pet lodging market.
Pet-parents primarily demand the best products or services available for their pets. They are ready to pay a premium price to provide a comfortable and enjoyable staying experience for their pets, while they are away from them. This has led to the premium price-point dominating the pet lodging market.
Online booking has been the prominent lodging option amongst the customers, with around 10% of the total booking coming through online platforms. This is due to the variety of options offered by online booking.
The users can surf and choose different offerings comfortably without any hassle. The options to book a stay in advance also provide the consumers with the flexibility to plan their travels accordingly.
The competitive landscape of the pet lodging market is characterized by a mix of established players and emerging contenders. Well-known companies such as PetSmart dominate the market with their extensive network of facilities and established brand reputation.
There are regional and local players that cater to specific geographic areas, offering personalized services and niche accommodations. With the market's growth potential, new entrants are also entering the arena, bringing innovative concepts and technological advancements. The competition drives continuous improvements in service quality, facility offerings, and customer experience, benefiting pet owners with a wide range of choices for their pet's lodging needs.
Key Players in the Market:
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Strategies for Pet Lodging Providers to Expand in the Market:
Product Portfolio:
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 4 billion |
| Market Value in 2033 | USD 7 billion |
| Growth Rate | CAGR of 5.7% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Pet Type, Lodging Duration, Price Range, Booking Type, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, China, Japan, South Korea, India, Bangladesh, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Oupet Co.; PetBacker Co.; PaCo Pet Care LLC; PetSmart Inc.; Paradise 4 Paws LLC; Puss 'n' Boots Boarding Cattery; Dogtopia Enterprises LLC; Pet Station Kennels & Cattery; Preppy Pet Co.; Barkefellers; Urban Tails Pet Resort; Royvon Dog Training & Hotels; Country comfort kennels; Camp Bow Wow Co.; Best Friends Pet Care; Carey Pet and Home Care |
| Customization & Pricing | Available upon Request |
The market is valued at USD 4.0 billion in 2023.
Oupet Co., PetBacker Co., and PaCo Pet Care LLC are the key market players.
The market is forecast to register a CAGR of 5.7% through 2033.
The dogs segment is likely to remain preferred through 2033.
Luxury pet spas as well as wellness retreats are encouraging the market growth.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Pet Type 5.1. Dogs 5.2. Cats 5.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Lodging Period 6.1. Overnight Stay 6.2. Extended Stay 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 7.1. Mass 7.2. Premium 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Booking Type 8.1. Physical 8.2. Online 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Oupet Co. 19.2. PetBacker Co. 19.3. PaCo Pet Care LLC 19.4. PetSmart Inc. 19.5. Paradise 4 Paws LLC 19.6. Puss 'n' Boots Boarding Cattery 19.7. Dogtopia Enterprises LLC 19.8. Pet Station Kennels & Cattery 19.9. Preppy Pet Co. 19.10. Barkefellers 19.11. Urban Tails Pet Resort 19.12. Royvon Dog Training & Hotels 19.13. Country Comfort Kennels 19.14. Camp Bow Wow Co. 19.15. Best Friends Pet Care 19.16. Carey Pet and Home Care 20. Assumptions & Acronyms Used 21. Research Methodology
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Pet Lodging Market
