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Key findings: Hotels and accommodation
This hotels and accommodation procurement market intelligence report analyzes the impact of regional and global cost drivers on the pricing and procurement strategies. The report also offers an analysis of the US supply market and market entry barriers to help buyers and suppliers achieve cost-savings.
With the global business-related traveling spend increasing with every passing year, the overall spend momentum for the accommodation and hotels industry looks promising. This trend will continue with more businesses stepping into the global corridors that are necessitating frequent project-related business travels both within and beyond the national territory. Consumers are exhibiting a higher preference for the online hotel booking process that simplifies booking accommodation while offering a range of choices. This, in turn, is boosting the growth scopes of the accommodation and hotels industry.
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Written from the perspective of the buyer and the supplier, this hotels and accommodation procurement research report offers actionable information on the global and regional spend potential. Additional information includes an analysis of the suppliers' cost structure, the total cost of ownership, pricing models, procurement strategies, supply chain margins, and much more.
Our portfolio of reports for the travel and entertainment category help buyers understand:
The luxury hotels industry is expected to largely contribute to the global category spend growth rate because of the increasing frequency of business travel, the rise in disposable incomes, and the subsequent growth in tourism. The budget hotel segment is set to witness the fastest growth in developing nations like India and China.
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This hotels and accommodation procurement research report offers coverage of:
Optimize category spend for hotels and accommodation
Procurement strategies for the accommodation and hotels industry must lay emphasis on supply base consolidation. This can be achieved by engaging with a single supplier who can cater to all the diverse hotels and accommodation needs. Such procurement strategies have been observed to have significantly reduced the procurement spend associated with engagement with multiple suppliers. However, buyers must practice exception when their selected supplier does not have a presence in a specified region.
This market intelligence report also offers coverage of:
Assess category spend for the US region
Majority of the US-based organizations have multi-regional operations which are resulting in an incremental spend on business travel such as the short-term project-based trips. This will favor the categry spend momentum in the US. However, the current growth curve of the accommodation and hotels industry will suffer a setback due to a stark decline in the number of tourists visiting the US, which is a result of the ongoing political tumult in the region.
Additional information offered in this hotels and accommodation procurement research report will help buyers analyze:
Build strategies for effective supplier selection
In the accommodation and hotels industry, it is advised that buyers partner with service providers that exercise sound operational capabilities in various geographic locations. This will enable buyers to rationalize their supply base and consolidate their spend.
This hotels and accommodation procurement research report identifies the major costs incurred by suppliers and provides additional information on:
Timely and adequate provision of services plays critical roles in marking success in this industry. It is imperative that category managers engage with suppliers that can offer high quality of services and accommodation of unplanned requirements. Suppliers are also expected to offer rooms at contracted rates even for the last available rooms when there is high demand.
Key insights offered in this market intelligence report on hotels and accommodation will help the buyers identify:
Determine the spend dynamics for key geographies
The growth of the corporate sector in APAC is necessitating corporate travels which are resulting in increasing demand for the accommodation and hotels industry in the region. The recent devaluation of the Euro has been attracting a greater number of tourists visiting Europe, thereby; supplementing the category growth in the region. However, factors like the oil crisis and the economic and political instability will impede the category growth in MEA.
Key geographies analyzed in this hotels and accommodation procurement research report include the following:
Information on the top hotels and accommodation suppliers and specific procurement strategies based on the hotels industry analysis are offered in this market intelligence report. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.