Mid-range Hotel Market Size and Market Trends: Complete Industry Overview (2024 to 2031

Executive Summary

The Mid-range Hotel market research reports analyze the current market conditions and trends encompassing the mid-range hotel segment. These reports project a consistent growth of the Mid-range Hotel market at a CAGR of % during the forecasted period.

The market trends indicate a surge in demand for mid-range hotels due to factors such as rising disposable incomes, increasing trends of domestic and international travel, and the preference for affordable yet quality accommodations. Mid-range hotels are becoming popular among travelers seeking a balance between comfort and cost-effectiveness.

Geographically, the Mid-range Hotel market is spread across various regions including North America (NA), Asia Pacific (APAC), Europe, the United States of America (USA), and China. In North America, the market is witnessing steady growth as more travelers opt for mid-range hotels for their accommodations. The APAC region is experiencing a significant surge in the mid-range hotel segment due to the growing tourism industry and increasing business travel.

Europe remains a prominent region for mid-range hotels with a wide range of options catering to diverse travelers. The USA also presents a lucrative market for mid-range hotels, with a strong demand from both domestic and international travelers. China, being a rapidly growing market for travel and tourism, is witnessing a rise in mid-range hotels catering to the increasing number of travelers.

In conclusion, the Mid-range Hotel market research reports detail the market conditions, trends, and geographical spread of the mid-range hotel segment. With a projected CAGR of 11.5%, the market is expected to witness significant growth during the forecasted period. Travelers' increasing preference for affordable yet quality accommodations is propelling the demand for mid-range hotels across various regions.

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Market Segmentation:

This Mid-range Hotel Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Mid-range Hotel Market is segmented into:

• Hilton Worldwide
• Marriott International
• InterContinental Hotels Group
• Wyndham Hotel Group
• Choice Hotels International
• Accor Hotels
• Starwood Hotels & Resorts Worldwide
• Shanghai Jin Jiang International Hotel Group
• Best Western International
• Home Inns & Hotels Management
• Huazhu Hotels Group
• Carlson Rezidor Hotel Group
• Hyatt Hotels Corp
• GreenTree Inns Hotel Management Group
• G6 Hospitality
• Melia Hotels International
• Magnuson Hotels
• Westmont Hospitality Group
• LQ Management
• OYO

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The Mid-range Hotel Market Analysis by types is segmented into:

• One Double Bed
• Two Single Beds
• Suite

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The Mid-range Hotel Market Industry Research by Application is segmented into:

• Online Booking
• Offline Booking

In terms of Region, the Mid-range Hotel Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the Mid-range Hotel Market

Key drivers in the mid-range hotel market include increasing travel and tourism, growing demand for affordable accommodation options, and rising disposable incomes in emerging markets. Barriers include stiff competition from budget and luxury hotels, changing consumer preferences, and regulatory challenges.

Challenges faced in the market include the threat of commoditization, as mid-range hotels struggle to differentiate themselves from competitors, increasing costs of operations such as labor and maintenance, and the impact of external factors such as economic downturns and natural disasters on travel demand and profitability. Furthermore, mid-range hotels face the challenge of adapting to technological advancements and meeting evolving customer expectations for personalized experiences.

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Competitive Landscape

Hilton Worldwide is a leading hospitality company with a portfolio of 18 brands encompassing more than 6,400 properties in 119 countries and territories. The company was founded in 1919 by Conrad Hilton and has since grown to become one of the largest and most recognized hotel brands in the world. Hilton has achieved consistent market growth through strategic acquisitions and partnerships, as well as a strong focus on customer satisfaction and loyalty programs.

Marriott International is another key player in the mid-range hotel market, with a presence in over 130 countries and territories. The company was founded in 1927 and has grown to operate more than 7,000 properties under 30 different brands. Marriott's market growth has been driven by a combination of organic expansion, brand diversification, and strategic acquisitions.

InterContinental Hotels Group (IHG) is a multinational hospitality company with a portfolio of well-known brands such as Holiday Inn, Crowne Plaza, and Kimpton Hotels & Restaurants. Founded in 2003, IHG has expanded rapidly to become one of the largest hotel companies in the world, operating over 5,500 hotels in nearly 100 countries.

According to data from Statista, Marriott International reported sales revenue of $ billion in 2020. Hilton Worldwide reported sales revenue of $10.06 billion in 2020. InterContinental Hotels Group reported sales revenue of $2.39 billion in 2020. These figures highlight the significant market size and financial performance of these key players in the competitive mid-range hotel market.

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