United States Boutique Hotel Market Size, Share, Forecast: By Room Type: Single Rooms, Double Rooms, Suites; By Theme: Contemporary, Heritage, Art & Design, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

United States Boutique Hotel Market Size

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 Outlook

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.

Rising Demand for Luxury Suites by Families is Driving United States Boutique Hotel Market Growth

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.

Rising Consumer Preference of Artistic, Contemporary, and Historical Hotel Designs is One of the Major United States Boutique Hotel Market Trends

• Theme segment is led by art & design with a growth rate of 6.1%. This theme's growth is driven by increasing consumer interest in unique, aesthetically pleasing environments that offer immersive experiences and visually appealing spaces. 

• Contemporary follows with a CAGR of 5.8%, reflecting the demand for modern, stylish accommodations that emphasise comfort, functionality, and cutting-edge design elements. 

• Heritage, with a CAGR of 5.3%, attracts guests who are interested in historical and culturally significant settings, propelling the historically designed boutique hotel demand.

• The others category, growing at a CAGR of 5.0%, includes various niche themes that cater to specific interests and preferences, maintaining steady growth due to their specialised appeal. 

• These growth rates indicate the diverse preferences and trends within the thematic hospitality sector, driven by varying consumer tastes and interests.

Regions like Far West, Rocky Mountain, Southwest, and New England Dominate the United States Boutique Hotel Market Share, Followed by Mideast, Southeast, and the Plains

• The Far West leads the market with a 6.4% CAGR, driven by a thriving tourism industry and a high demand for unique, upscale accommodations. 

• The Rocky Mountain region follows at 5.9%, benefiting from an increase in luxury travel and outdoor tourism. 

• The Southwest, with a 5.7% CAGR, sees growth due to its popular tourist destinations and expanding hospitality sector. 

• The Southeast, at 5.4%, experiences boutique hotel demand growth fueled by its booming tourism industry and a rise in boutique hotel investments. 

• New England's 5.1% growth is supported by its historic charm and strong demand for distinctive lodging experiences. 

• The Mideast, growing at 4.7%, relies on steady tourism and business travel. 

• The Plains, with a 4.4% CAGR, see steady growth from regional tourism and niche markets. 

• Finally, the Great Lakes region, with a 4.1% CAGR, shows slower growth but may witness many United States boutique hotel market opportunities due to its mix of urban and natural attractions.

Key Questions Answered in the Report:

• How has the United States boutique hotel market performed historically, and what are the growth expectations for the future?

• What are the primary factors influencing demand and growth in the United States boutique hotel market?

• What are the key segments within the United States boutique hotel market, and how are they expected to evolve over the forecast period?

• What are the major challenges and opportunities facing stakeholders in the United States boutique hotel market?

• Who are the key players in the United States boutique hotel market, and what strategies are they employing to maintain a competitive edge?

• What are the regulatory and policy factors influencing the United States boutique hotel market globally or regionally?

• How competitive is the United States boutique hotel market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?

• What are the current trends shaping the United States boutique hotel market landscape, and how are they expected to evolve in the future?

• How are technological advancements impacting the United States boutique hotel market, and what role do innovation and R&D play in driving growth?

• What are the consumer preferences and buying behavior trends influencing the United States boutique hotel market?

• How sustainable are current growth rates in the United States boutique hotel market, and what factors could potentially disrupt these trends?

• What are the regional dynamics within the United States boutique hotel market, and how do they contribute to overall market growth?

• What are the economic factors influencing the United States boutique hotel market, such as GDP growth, inflation rates, and currency fluctuations?

• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States boutique hotel market?

• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States boutique hotel market?

• What are the regulatory and legal frameworks impacting the United States boutique hotel market globally or in key regions?

• How are changing consumer lifestyles and preferences influencing product or service demand within the United States boutique hotel market?

• What are the emerging market trends and niche opportunities within the United States boutique hotel market that stakeholders should be aware of?

• How resilient is the United States boutique hotel market to external shocks or disruptions, such as geopolitical tensions or natural disasters?

• What are the potential barriers to market entry and growth for new players in the United States boutique hotel market?

Key Benefits for Stakeholders:

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.

Key Highlights of the Report

*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.