The pet friendly hotel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Pet Friendly Hotel Market, 2024 The pet friendly hotel global market report 2024
Market Size –
The pet friendly hotel market size has grown rapidly in recent years. It will grow from $3.66 billion in 2023 to $4.10 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to rise in demand for pet-inclusive lodging, emergence of social media platforms, increase in the adoption of pets, rising travel agencies, and rising demand for luxurious hotels.
The pet friendly hotel market size is expected to see rapid growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to the increasing number of pet owners, rising aging population, increasing preference for environmentally conscious products, growth in travel and tourism, and increasing demand for specialized pet care services. Major trends in the forecast period include integration with technology, product innovations, introducing cat grooming services, integration of smart technology for enhanced pet monitoring, and introducing stay-and-play packages.
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Scope Of Pet Friendly Hotel Market The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Pet Friendly Hotel Market Overview
Market Drivers –
The increasing pet ownership is expected to propel the growth of the pet-friendly hotel market going forward. Pet ownership refers to having an animal, typically a domesticated species, under one’s care for companionship, work, or recreational purposes. The rise in pet ownership can be attributed to various factors, such as social trends, urbanization, and a growing number of young adults delaying parenthood. Pet-friendly hotels cater to this trend by making it easier, more enjoyable, and less stressful to travel with pets, enhancing the bond between pets and their owners while promoting a pet-inclusive lifestyle. For instance, in June 2021, according to The American Pet Products Association (APPA), a US-based trade organization for the pet industry, pet ownership increased from an estimated 67% of U.S. households owning a pet in 2021 to an estimated 70%. Therefore, increasing pet ownership is driving the growth of the pet-friendly hotel market.
Market Trends –
Major companies operating in the pet-friendly hotel market are focusing on offering innovative services, such as pet-friendly packages, to attract more pet-owning travelers, improve the overall guest experience, and differentiate themselves in a competitive market. The pet-friendly packages aim to provide a range of healthy food and drink options specifically designed for canine guests and their owners. They typically include specialized pet amenities, such as custom pet beds, gourmet pet food, and pet-sitting services. For instance, in April 2024, Moxy Hotels, a US-based hospitality company, partnered with Sir Woofchester’s Canine Hospitality, a UK-based hospitality company, to introduce new enhanced dog-friendly packages across its hotels. These packages feature unique offerings such as dog welcome kits with treats and toys and access to pet-friendly communal spaces. This trend underscores the growing emphasis on creating comprehensive, pet-inclusive experiences to attract and retain pet-owning travelers, reflecting broader shifts in consumer behavior towards integrating pets into their lifestyles.
The pet friendly hotel market covered in this report is segmented –
1) By Type: Luxury Hotel, Normal Hotel
2) By Booking: Offline, Phone, Online
3) By Application: Pet Cat, Pet Dog, Other Applications
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Regional Insights –
North America was the largest region in the pet friendly hotel market in 2023. The regions covered in the pet friendly hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Marriott International, Loews Hotels , PetSmart Inc., Hilton Worldwide Holdings Inc., Fairmont Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, Wyndham Hotels & Resorts, Montage Hotels & Resorts, Red Roof Inn , Auberge Resorts Collection, The Hoxton , Langham Hospitality Group, Le Bristol Paris, Oetker Collection, Best Friend Pet Care, Dusit International , Barkley Pet Hotel & Day Spa, Eden Roc Cap Cana , Old Towne Pet Resort LLC, Inn By The Sea
Table of Contents
1. Executive Summary
2. Pet Friendly Hotel Market Report Structure
3. Pet Friendly Hotel Market Trends And Strategies
4. Pet Friendly Hotel Market – Macro Economic Scenario
5. Global Pet Friendly Hotel Market Size and Growth
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32. Global Pet Friendly Hotel Market Competitive Benchmarking
33. Global Pet Friendly Hotel Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Pet Friendly Hotel Market
35. Pet Friendly Hotel Market Future Outlook and Potential Analysis
36. Appendix
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