Market Overview:
The global conference hotel market is segmented on the basis of type, application and region. The type segment is further divided into high grade, middle and low range. The application segment is classified into company meeting, association meeting, public institution meeting and others. The regions covered in the study are North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The global conference hotel market is expected to register a CAGR of 5.5% during the forecast period 2018-2030. The growth of this market can be attributed to factors such as increasing number of business travelers across the globe coupled with rising demand for quality accommodation facilities from them.
Product Definition:
A conference hotel is a hotel that has been designed to accommodate or cater to conferences, meetings and other events. Conference hotels typically offer larger meeting spaces, multiple event venues and on-site catering services. They are also often located in convenient locations near airports or other transportation hubs.
High Grade:
High grade refers to the category of accommodations in a five-star hotel. It is generally located at the top or uppermost floors of a building and has better views, facilities, and services as compared to standard grade hotels. High grades are also known as luxury hotels or palaces which cater to only the most affluent customers who seek quality service with utmost comfort.
The global high grade hotel market size was valued at USD 3,596 million in 2016.
Middle and Low Range:
Middle and low range are the sections where the price range of hotel is considered to be between USD 100 to 200, and below USD 100 respectively. The market share of this segment is less than 20% in terms of revenue but has a high impact on the overall market as it directly affects consumer’s budget while booking a hotel. Conference hotels that fall under this category have proper infrastructure with Wi-Fi, business center, gymnasium along with other facilities at competitive prices.
Application Insights:
The company meeting application segment dominated the global conference hotel market in 2017. This can be attributed to the growing number of companies opting for on-site corporate housing or luxury staycation options. For instance, Hyatt Hotels Corporation offers a variety of room types designed especially for meetings and events, including suites with separate working spaces and event lounges that can accommodate up to 200 people.
The association meeting application segment accounted for more than 25% share of the total revenue in 2017 owing to an increase in associations organizing various events such as sports matches and political gatherings. As associations require large space suitable only for conferences, they are increasingly opting for conferencing facilities at hotels along with their members who travel from far off places or across different cities staying at different hotels during these occasions.
Regional Analysis:
North America dominated the global conference hotel market in 2017. North America is home to some of the most prominent cities including New York, Chicago, Los Angeles and Miami among others. These cities are known for their high concentration of multinational companies as well as financial institutions such as banks and stock exchange which makes them ideal locations for conferences and events. The region has witnessed a significant increase in demand from association meetings over the past few years which can be attributed to various factors such as growing number of associations, increasing awareness about mental health etc. Furthermore, U.
Asia Pacific is expected to witness substantial growth over the forecast period owing to rising disposable income coupled with growing population especially in China India Japan Australia & New Zealand (AUK) region thus making it an attractive destination for conferences.
Growth Factors:
- Increased demand for business travel and events due to globalization and the rise of the digital economy.
- The growth of the sharing economy (such as Airbnb) which has made it easier for people to find accommodations outside of traditional hotels.
- The increasing popularity of experiential travel, which has led more people to seek out unique conference destinations that offer a lot more than just a place to sleep and work.
- The development of new technologies that have made it easier for people to attend conferences remotely, thus reducing the need for physical attendance in some cases.
- The growing trend towards sustainable/eco-friendly tourism, which has led many conference organizers to seek out venues that are environmentally friendly or have low carbon footprints
Scope Of The Report
Report Attributes
Report Details
Report Title
Conference Hotel Market Research Report
By Type
High Grade, Middle and Low Range
By Application
Company Meeting, Association Meeting, Public Institution Meeting
By Companies
Hilton Worldwide, Marriott, Shangri-La Asia Limited, Super 8 Motel, InterContinental Hotels Group, Cendant, Accor Hotels, Best Western International, Huatian-Hotel, JinJiang Hotels, Century Plaza Hotel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Conference Hotel Market Report Segments:
The global Conference Hotel market is segmented on the basis of:
Types
High Grade, Middle and Low Range
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Company Meeting, Association Meeting, Public Institution Meeting
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hilton Worldwide
- Marriott
- Shangri-La Asia Limited
- Super 8 Motel
- InterContinental Hotels Group
- Cendant
- Accor Hotels
- Best Western International
- Huatian-Hotel
- JinJiang Hotels
- Century Plaza Hotel
Highlights of The Conference Hotel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Grade
- Middle and Low Range
- By Application:
- Company Meeting
- Association Meeting
- Public Institution Meeting
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Conference Hotel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
The Conference Hotel is a luxury hotel in downtown Toronto, Ontario, Canada. It is located at the corner of King and Bay Streets. The hotel has been in operation since 1892 and was renovated in 2007.
Some of the key players operating in the conference hotel market are Hilton Worldwide, Marriott, Shangri-La Asia Limited, Super 8 Motel, InterContinental Hotels Group, Cendant, Accor Hotels, Best Western International, Huatian-Hotel, JinJiang Hotels, Century Plaza Hotel.
The conference hotel market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Conference Hotel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Conference Hotel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Conference Hotel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Conference Hotel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Conference Hotel Market Size & Forecast, 2018-2028
4.5.1 Conference Hotel Market Size and Y-o-Y Growth
4.5.2 Conference Hotel Market Absolute $ Opportunity
Chapter 5 Global Conference Hotel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Conference Hotel Market Size Forecast by Type
5.2.1 High Grade
5.2.2 Middle and Low Range
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Conference Hotel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Conference Hotel Market Size Forecast by Applications
6.2.1 Company Meeting
6.2.2 Association Meeting
6.2.3 Public Institution Meeting
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Conference Hotel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Conference Hotel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Conference Hotel Analysis and Forecast
9.1 Introduction
9.2 North America Conference Hotel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Conference Hotel Market Size Forecast by Type
9.6.1 High Grade
9.6.2 Middle and Low Range
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Conference Hotel Market Size Forecast by Applications
9.10.1 Company Meeting
9.10.2 Association Meeting
9.10.3 Public Institution Meeting
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Conference Hotel Analysis and Forecast
10.1 Introduction
10.2 Europe Conference Hotel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Conference Hotel Market Size Forecast by Type
10.6.1 High Grade
10.6.2 Middle and Low Range
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Conference Hotel Market Size Forecast by Applications
10.10.1 Company Meeting
10.10.2 Association Meeting
10.10.3 Public Institution Meeting
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Conference Hotel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Conference Hotel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Conference Hotel Market Size Forecast by Type
11.6.1 High Grade
11.6.2 Middle and Low Range
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Conference Hotel Market Size Forecast by Applications
11.10.1 Company Meeting
11.10.2 Association Meeting
11.10.3 Public Institution Meeting
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Conference Hotel Analysis and Forecast
12.1 Introduction
12.2 Latin America Conference Hotel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Conference Hotel Market Size Forecast by Type
12.6.1 High Grade
12.6.2 Middle and Low Range
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Conference Hotel Market Size Forecast by Applications
12.10.1 Company Meeting
12.10.2 Association Meeting
12.10.3 Public Institution Meeting
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Conference Hotel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Conference Hotel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Conference Hotel Market Size Forecast by Type
13.6.1 High Grade
13.6.2 Middle and Low Range
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Conference Hotel Market Size Forecast by Applications
13.10.1 Company Meeting
13.10.2 Association Meeting
13.10.3 Public Institution Meeting
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Conference Hotel Market: Competitive Dashboard
14.2 Global Conference Hotel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hilton Worldwide
14.3.2 Marriott
14.3.3 Shangri-La Asia Limited
14.3.4 Super 8 Motel
14.3.5 InterContinental Hotels Group
14.3.6 Cendant
14.3.7 Accor Hotels
14.3.8 Best Western International
14.3.9 Huatian-Hotel
14.3.10 JinJiang Hotels
14.3.11 Century Plaza Hotel
