Hotels & Motels in Venezuela industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
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Leading company profiles reveal details of key hotels & motels market players’ global operations and financial performance
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Essential resource for top-line data and analysis covering the Venezuela hotels & motels market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
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What was the size of the Venezuela hotels & motels market by value in 2015?
What will be the size of the Venezuela hotels & motels market in 2020?
What factors are affecting the strength of competition in the Venezuela hotels & motels market?
How has the market performed over the last five years?
What are the main segments that make up Venezuela's hotels & motels market?
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 2015 annual average exchange rates.
The Venezuelan hotels & motels industry had total revenues of $4.6bn in 2015, representing a compound annual growth rate (CAGR) of 13.3% between 2011 and 2015.
Industry consumption volume increased with a CAGR of 3.6% between 2011-2015, to reach a total of 3,948 establishments in 2015.
Steady economic growth has resulted in good growth in the industry, and future tourism growth will certainly benefit the hotels and motels industry.