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Global Boutique Hotels Market to reach USD XX million by 2028.

Global Boutique Hotels Market Size study, By Type (Business Hotel, Suite Hotels, Airport Hotels , Resorts Hotels) By Application (Travelers, Educational Trips, Friends & Family Trip), and Regional Forecasts 2022-2028

Product Code: OIRTT-83484056
Publish Date: 5-07-2022
Page: 200

Global Boutique Hotels Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Boutique Hotels can be defined as a smaller, upscale, luxury hotel. In comparison with traditional hotels boutique hotels offer a distinct personality, intimate experience, and highly personalized service. Boutique hotels are located posh & upscale neighborhoods of cities and generally do not offer more than 100 rooms. The growing Hotel industry in Post covid era and increasing occupancy rate in luxury hotels as well as strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista – as of 2022, revenue in worldwide hotel segment is estimated at USD 300 billion, and the revenue is projected to grow to USD 485 billion by end of 2026. Furthermore, leading market players in hospitality sector are working towards expansion in boutique hotel sector to leverage the increasing demand for Boutique Hotels Market. For instance, in October 2021, ITC Hotel launched its new destination-led luxury brand called Mementos. Under this new brand Mementos, the hospitality group would open boutique luxury hotels across various destinations. Moreover, in April 2022, Espire hospitality Group launched a new luxury boutique resort brand named ZANA in India. Under ZANA brand the first property would be a 30 rooms lakeside resort in Udaipur. Also, growing emergence of leased franchised hotel chains as well as rapid urbanization in emerging economies are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, a lack of penetration in developing regions impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Boutique Hotels Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing trend of low budget luxury hotels and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the rapid urbanization and increasing penetration franchised hotel chains, would create lucrative growth prospects for the global Boutique Hotels Market across the Asia Pacific region.

Major market players included in this report are:
ITC Hotels Limited
The Indian Hotels Company Limited
Jumeirah International LLC
Mandarin Oriental International Limited
Four Seasons Holdings Inc.
Shangri-La International Hotel Management Ltd.
Triple Creek Inn
Starwood Hotels & Resorts
Marriott International
InterContinental Hotels Group PLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Business Hotel
Suite Hotels
Airport Hotels
Resorts Hotels
By Application
Educational Trips
Friends & Family Trip
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Boutique Hotels Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Million)
1.2.1. Global Boutique Hotels Market, by Region, 2020-2028 (USD Million)
1.2.2. Global Boutique Hotels Market, by Type, 2020-2028 (USD Million)
1.2.3. Global Boutique Hotels Market, by Application, 2020-2028 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Boutique Hotels Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Boutique Hotels Market Dynamics
3.1. Boutique Hotels Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing Hotel industry in Post covid era. Increasing occupancy rate in luxury hotels. Strategic initiatives from leading market players.
3.1.2. Market Challenges Lack of penetration in developing regions.
3.1.3. Market Opportunities Growing emergence of leased franchised hotel chains. Rapid urbanization in emerging economies.
Chapter 4. Global Boutique Hotels Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Boutique Hotels Market, by Type
6.1. Market Snapshot
6.2. Global Boutique Hotels Market by Type, Performance – Potential Analysis
6.3. Global Boutique Hotels Market Estimates & Forecasts by Type 2018-2028 (USD Million)
6.4. Boutique Hotels Market, Sub Segment Analysis
6.4.1. Business Hotel
6.4.2. Suite Hotels
6.4.3. Airport Hotels
6.4.4. Resorts Hotels
Chapter 7. Global Boutique Hotels Market, by Application
7.1. Market Snapshot
7.2. Global Boutique Hotels Market by Application, Performance – Potential Analysis
7.3. Global Boutique Hotels Market Estimates & Forecasts by Application 2018-2028 (USD Million)
7.4. Boutique Hotels Market, Sub Segment Analysis
7.4.1. Travelers
7.4.2. Educational Trips
7.4.3. Friends & Family Trip
Chapter 8. Global Boutique Hotels Market, Regional Analysis
8.1. Boutique Hotels Market, Regional Market Snapshot
8.2. North America Boutique Hotels Market
8.2.1. U.S. Boutique Hotels Market Type estimates & forecasts, 2018-2028 Application estimates & forecasts, 2018-2028
8.2.2. Canada Boutique Hotels Market
8.3. Europe Boutique Hotels Market Snapshot
8.3.1. U.K. Boutique Hotels Market
8.3.2. Germany Boutique Hotels Market
8.3.3. France Boutique Hotels Market
8.3.4. Spain Boutique Hotels Market
8.3.5. Italy Boutique Hotels Market
8.3.6. Rest of Europe Boutique Hotels Market
8.4. Asia-Pacific Boutique Hotels Market Snapshot
8.4.1. China Boutique Hotels Market
8.4.2. India Boutique Hotels Market
8.4.3. Japan Boutique Hotels Market
8.4.4. Australia Boutique Hotels Market
8.4.5. South Korea Boutique Hotels Market
8.4.6. Rest of Asia Pacific Boutique Hotels Market
8.5. Latin America Boutique Hotels Market Snapshot
8.5.1. Brazil Boutique Hotels Market
8.5.2. Mexico Boutique Hotels Market
8.6. Rest of The World Boutique Hotels Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. ITC Hotels ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. The Indian Hotels Company Limited
9.2.3. Jumeirah International LLC
9.2.4. Mandarin Oriental International Limited
9.2.5. Four Seasons Holdings Inc.
9.2.6. Shangri-La International Hotel Management Ltd.
9.2.7. Triple Creek Inn
9.2.8. Starwood Hotels & Resorts
9.2.9. Hilton
9.2.10. Marriott International
9.2.11. InterContinental Hotels Group PLC
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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