The industry took a big his as domestic and global economic worries hindered spending and travel in 2009. However, a strong rebound in the following years will push revenue above prerecession levels, thus increasing profit margins. Technological advances like online booking, travel websites and mobile applications will make it easier for consumers to make reservations. Though the outlook remains mostly positive, slowly rising consumer sentiment could have a negative effect on the industry.
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.