Global Boutique Hotel Market Size & Outlook, 2023-2030
The boutique hotel industry worldwide is expected to reach a projected revenue of US$ 40,257.6 million by 2030. A compound annual growth rate of 7% is expected of the worldwide boutique hotel industry from 2024 to 2030.
Revenue, 2023 (US$M)
$25,040.9
Forecast, 2030 (US$M)
$40,257.6
CAGR, 2024 - 2030
7%
Report Coverage
Worldwide
Global boutique hotel market, 2018-2030 (US$M)
Global boutique hotel market highlights
- The global boutique hotel market generated a revenue of USD 25,040.9 million in 2023 and is expected to reach USD 40,257.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7% by 2030.
- In terms of segment, luxury accounted for a revenue of USD 25,040.9 million in 2023.
- Luxury is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 25,040.9 million |
| Market revenue in 2030 | USD 40,257.6 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Luxury |
| Fastest growing segment | Luxury |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Luxury |
Other key industry trends
- In terms of revenue, the North America accounted for 36.9% of the global boutique hotel market in 2023.
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Boutique Hotel Market Scope
Boutique hotel market segmentation & scope
Traveler Type
Leisure Travelers
Business Travelers
Others
Booking Mode
Direct Booking
Travel Agents
Online Travel Agencies
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Boutique Hotel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global boutique hotel market size, by regions, 2018-2030 (US$M)
Related regional statistics
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