Middle East & Africa Boutique Hotel Market Size & Outlook
The boutique hotel market in Middle East & Africa is expected to reach a projected revenue of US$ 1,855.9 million by 2030. A compound annual growth rate of 7.4% is expected of Middle East & Africa boutique hotel market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,126.8
Forecast, 2030 (US$M)
$1,855.9
CAGR, 2024 - 2030
7.4%
Report Coverage
Middle East & Africa
Middle East & Africa boutique hotel market, 2018-2030 (US$M)
MEA boutique hotel market highlights
- The MEA boutique hotel market generated a revenue of USD 1,126.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, luxury was the largest revenue generating type in 2023.
- Luxury is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,126.8 million |
| Market revenue in 2030 | USD 1,855.9 million |
| Growth rate | 7.4% (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, MEA region accounted for 4.5% of the global boutique hotel market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,462.2 million by 2030.
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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 |
|---|
Middle East & Africa boutique hotel market
Related regional statistics
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