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The United States boutique hotel market value reached USD 17.60 billion in 2023. The market is expected to grow at a CAGR of 5.5% during the forecast period of 2024-2032 and to reach around USD 28.50 billion by 2032.
United States Boutique Hotel Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 17.60 |
Market Size 2032 | USD Billion | 28.50 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.5% |
CAGR 2024-2032 - Market by Region | Southeast | 5.4% |
CAGR 2024-2032 - Market by Region | New England | 5.1% |
CAGR 2024-2032 - Market by Room Type | Suites | 6.2% |
CAGR 2024-2032 - Market by Theme | Art & Design | 6.1% |
Market Share by Region | New England | XX% |
The market for boutique hotel in United States has been witnessing a healthy growth, driven by the growth of the hospitality sector and expansion of luxury boutique hotels. The increasing RevPAR (revenue per available room) and ADR (average daily rate) of boutique hotels are attracting more investors, which is driving United States boutique hotel market revenue.
The development of small-size suburban town centres has also accelerated the establishment of new independent boutiques and soft brand collections to attract local tourists. In 2023, the occupancy rates of boutique hotels in the USA ranged from 59%-69%. The number of lifestyle hotels in the country has witnessed a significant expansion, due to the rising consumer appeal for personalised vacation experiences at low prices.
The United States boutique hotel market is segmented by room type into single rooms, double rooms, and suites. The room type is led by suites with a growth rate of 6.2%. This growth is driven by the increasing demand for luxury and spacious accommodations that offer more comfort and amenities, catering to both business travelers and families. According to United States boutique hotel industry analysis, single rooms follow with a CAGR of 5.8%, reflecting the steady demand from solo travelers and business professionals seeking affordable and convenient lodging options. Double rooms, with a CAGR of 5.2%, also see growth, driven by couples and small groups looking for practical and comfortable accommodations.
CAGR 2024-2032 - Market by | Room Type |
Suites | 6.2% |
Single Rooms | 5.8% |
Double Rooms | 5.2% |
CAGR 2024-2032 - Market by | Theme |
Art & Design | 6.1% |
Contemporary | 5.8% |
Heritage | 5.3% |
Others | 5.0% |
CAGR 2024-2032 - Market by | Region |
Southeast | 5.4% |
New England | 5.1% |
Mideast | 4.7% |
Plains | 4.4% |
Great Lakes | 4.1% |
Southwest | 5.7% |
Rocky Mountain | 5.9% |
Far West | 6.4% |
Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States boutique hotel market spanning from 2018 to 2032.
The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States boutique hotel industry.
Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States boutique hotel market.
The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.
Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States boutique hotel market landscape.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Room Type |
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Breakup by Theme |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 United States Boutique Hotel Market Analysis
8.1 Key Industry Highlights
8.2 United States Boutique Hotel Historical Market (2018-2023)
8.3 United States Boutique Hotel Market Forecast (2024-2032)
9 United States Boutique Hotel Market by Room Type
9.1 Single Rooms
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Double Rooms
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Suites
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 United States Boutique Hotel Market by Theme
10.1 Contemporary
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Heritage
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Art & Design
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 United States Boutique Hotel Market by Region
11.1 New England
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mideast
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Great Lakes
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Plains
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Southeast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Southwest
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Rocky Mountain
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Far West
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Marriott International, Inc.
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Hilton Worldwide Holdings Inc.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Hyatt Hotels Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Four Seasons Hotels Limited
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Kimpton Hotel & Restaurant Group, LLC
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 The Leading Hotels of the World, Ltd.
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Key Trends and Developments in the Market
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