Boutique Hotels Market

Boutique hotels are smaller but stylish hotels, generally situated in an extravagant and elegant urban area. The term boutique lodging was first utilized in the U.S and the UK to depict small yet in vogue and lavish hotel. Boutique inns first appeared in 1980s in urban areas like San Francisco, London, and New York. These hotels are commonly based on themes. Their notoriety has incited numerous global hotel organizations to think of boutique lodgings and capture the market. Miami, Los Angeles, London, and New York City are the present areas where the presence of boutique lodgings is in enormous numbers. Boutique lodgings give extraordinary comforts like spas, Yoga, painting classes, and so forth.

Market scope and structure analysis:

COVID-19 Scenario Analysis: 

The hospitality industry is witnessing a decline in demand due to coronavirus lockdowns, with hotels, cafés, restaurants and bars been affected the most. Nonetheless, boutique lodging is one section of this industry that looks set to make a quick recovery, based on their market positioning and the segment’s growth in the last quarter of 2019. The way of living and boutique hotels makes them common pioneers in the post COVID-19 hospitality scenario.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Hospitality industry has been seen with the breathtaking development with the expansion in the quantity of eateries and hotels globally. Not just this, advancement in travelling and the tourism industry has been contributing a significant part in the development of the hospitality market. Trend for boutique inns has caught the enthusiasm of a wide range of explorers, for example, Business class, family outings, and educational trips, where they get every single lavish experience. Various top brands and organizations have their huge hotel chains that cater to the traveler needs that prompt the developing interest for the boutique hotels in the traveler goals.

New product launches to flourish the market

OYO Hotels and Homes, a young startup is the world's second-biggest chain of lodgings, homes, and spaces, launched the brand called "Townhouse" in Udaipur. OYO Townhouse is the friendly neighborhood hotel which is an extraordinary blend of a lodging, home, stock store and bistro and is focused at millennial explorers looking for premium facilities. 

Life House was established by extravagance boutique hotels veterans in 2017 and has remade the complex hotel innovation stack starting from the earliest stage to make a totally new operational model that takes into account a strong, lean activity to hotel proprietors and an extraordinary hospitality services to travelers.

Virgin Voyages launched “Scarlet Lady”, its first cruise ship, which aims to redefine the travel experience by bringing the luxury experience of the boutique hotel to the sea.

Surge in usage in automotive and industrial applications 

While there are numerous settlement alternatives accessible, boutique hotels are getting increasingly famous with travelers. A boutique hotel separates itself because of its smaller size as well as because of its top of the line administrations, plan, and personal climate. These hotels have less rooms and are situated in one of a kind setting in upscale territories. A boutique lodging is portrayed by its unblemished setting, feel, customized administrations, sublime atmosphere, top notch furnishing, latest technology, and attention to details. The contemporary voyager needs to appreciate a home-away-from-home experience when searching for accommodation. Most conventional hotels cannot offer such an experience, leading to growth in the development of boutique hotels.

Key Segments Covered:

Key Benefits of the Report:

• This study presents the analytical depiction of the global boutique hotels market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global boutique hotels market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global boutique hotels market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global boutique hotels market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Boutique Hotels Market Research Report:

• What are the leading market players active in the boutique hotels market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What future projections would help in taking further strategic steps?

 Boutique Hotels Market Report Highlights