The hotel industry is a dynamic and ever-evolving sector that caters to the diverse accommodation needs of travelers worldwide, ranging from luxury resorts to budget-friendly motels. It plays a pivotal role in the global tourism economy, offering a wide array of services and experiences to enhance the stay of guests from all walks of life.

CAGR: 7.4%
Market size: $ 21 Bn
GDP Contribution: 6%
Market drivers:
– Rising demand for travel and tourism
– Increasing disposable income