Hotels & Motels in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.Synopsis
Essential resource for top-line data and analysis covering the Colombia hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.Key Highlights
The hotels & motels industry value consists of all room revenues generated by hotels, motels and other accommodation providers through the provision of accommodation. The value does not include non-room revenues, such as casinos, shops and telecommunication services. The industry is segmented according to the origin of the revenues (leisure consumers and business consumers). Market volumes are classed as the number of hotels in a country or region. Any currency conversions included within this report have been calculated using constant 2016 annual average exchange rates.
The Colombian hotels & motels industry had total revenues of $2.9bn in 2016, representing a compound annual rate of change (CARC) of -3.9% between 2012 and 2016.
Industry consumption volume increased with a CAGR of 4.1% between 2012 and 2016, to reach a total of 6,015.0 establishments in 2016.
The Colombian industry’s downward trend was due to the continuous decline in average prices of accommodation, induced by hotel operators as a means to improve the negative occupancy rates amid the strong growth in capacity. As that was achieved to some extent in 2015, prices were increased in 2016 for the first time , inflating revenues of the industry.
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Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Colombia hotels & motels market with five year forecasts by both value and volume
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What was the size of the Colombia hotels & motels market by value in 2016?
What will be the size of the Colombia hotels & motels market in 2021?
What factors are affecting the strength of competition in the Colombia hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up Colombia's hotels & motels market?