Over the past five years, the Boutique Hotels industry has experienced steady growth as various consumer trends supported demand for industry services. The consumer confidence and spending have both experienced steady increases over the period, for instance, helping the amount both domestic and international travel to increase. Another consumer trend has been the gravitation toward unique lodging and experiences, which establishments in the Boutique Hotels industry offer. Over the five years to 2022, the industry will continue experiencing this robust growth as both domestic and non-US resident trips are forecast to continue to increase, as well as consumer spending, despite the volatility of the consumer confidence index.
This industry includes intimate, luxurious and upscale hotel environments that feature unique architecture and design. They are also known as lifestyle hotels, villas and wellness hotels. The establishments in this industry may offer food and beverage services, as well as having restaurants, spas and salons on the premises. This industry does not include chain hotels, though it does include boutique brands owned by larger hotel groups.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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