Global Mid range Hotel
Market Report
2025
Mid range hotel market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global mid range hotel market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Mid range Hotel Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Mid range Hotel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
According to Cognitive Market Research, the global mid range hotel market size is USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030. A mid-range hotel, alternatively referred to as a mid-scale hotel, is a type of lodging that strikes a harmonious balance between cost-effectiveness and coziness. Positioned between budget or economy hotels and high-end luxury hotels, these accommodations offer a moderate range of amenities, services, and quality at a reasonable price. The rise of online booking platforms and travel websites has greatly enhanced the prominence of mid-range hotels, prompting them to adopt contemporary technologies, eco-friendly approaches, and distinctive guest experiences in order to remain competitive.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Mid Range Hotel industry.
For instance, in March 2023, ITC's Hotel Group made an announcement regarding the debut of its inaugural Mementos property, named Ekaaya, in Udaipur. This property falls under the prestigious Mementos brand.
The mid-range hotel market is the constant focus on enhancing the guest experience. Mid-range hotels are increasingly investing in amenities and services that appeal to a wide range of travelers, including families, business professionals, and tourists. These hotels are incorporating modern technology, such as mobile check-in services and high-speed Wi-Fi, to cater to the needs of tech-savvy guests.
In January 2023, Marriott revealed the inauguration of the first-ever Westin Hotels and Resorts establishment in Uttarakhand, India. The Westin Resort and Spa, Himalayas, is now open for business.
Additionally, they are expanding their offerings to include on-site restaurants, fitness centers, conference facilities, and recreational activities. By providing a diverse array of services, mid-range hotels create a compelling value proposition for guests, ensuring customer satisfaction and loyalty. This focus on guest experience drives positive reviews, repeat business, and positive word-of-mouth referrals, contributing significantly to the growth of the mid-range hotel sector.
The strategic location of mid-range hotels plays a pivotal role in driving their success. These hotels are often situated in prime areas, offering easy accessibility to popular tourist attractions, business districts, transportation hubs, and entertainment venues. Their convenient locations make them an attractive choice for travelers seeking both comfort and accessibility. Mid-range hotels frequently capitalize on their proximity to key points of interest, allowing guests to explore the local culture and attractions effortlessly. Moreover, their accessibility to public transportation options and major highways makes them convenient choices for travelers, ensuring a steady flow of guests throughout the year.
Growing ease of booking through online portals provides better access to mid-range hotels
The mid-range hotel market is its sensitivity to economic fluctuations. During periods of economic uncertainty, consumers tend to reduce their travel budgets, opting for more budget-friendly accommodation options or cutting down on travel altogether. Mid-range hotels often find themselves in a precarious position, as they need to balance providing quality services with competitive pricing. Economic downturns can lead to reduced occupancy rates and lower average room prices, impacting the overall revenue of mid-range hotels. Additionally, these hotels face pressure from both ends: the need to maintain a certain level of service quality to attract guests and the necessity to keep prices affordable.
The mid-range hotel market is experiencing significant growth due to the increasing demand for affordable and comfortable travel options. As travelers seek value for money without compromising on comfort, mid-range hotels, which offer a balance between budget and luxury, are becoming increasingly popular. This market is driven by both leisure and business travelers who prefer accommodations with modern amenities, convenient locations, and competitive pricing. With the global tourism industry recovering and travel experiences becoming a key part of consumer spending, mid-range hotels offer an attractive proposition for those seeking quality stays at reasonable prices.
For instance In 2023, a survey found that 60% of travelers preferred mid-range hotels for their business trips, appreciating the combination of comfort, affordability, and essential amenities like free Wi-Fi and workspaces. Furthermore, in a study conducted in 2024, 50% of leisure travelers reported booking mid-range hotels for family vacations, citing the value-added features such as family-friendly services and convenient locations near tourist attractions. This growing preference for quality at reasonable prices is creating a strong opportunity for growth in the mid-range hotel market.
The COVID-19 pandemic had a profound impact on the mid-range hotel market. Travel restrictions, lockdowns, and health concerns led to a sharp decline in bookings, occupancy rates, and revenues for mid-range hotels. Many had to temporarily close or significantly reduce their operations, resulting in financial challenges. In response to the pandemic, mid-range hotels implemented strict hygiene and safety protocols to reassure guests, leading to increased operating costs. The shift towards remote work also affected business travel, impacting the segment's corporate clientele. As the situation improved and vaccination efforts progressed, mid-range hotels started to see a slow but steady recovery.
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The competitive landscape of the Mid-Range Hotel Market is a vibrant and diverse tapestry, reflective of the evolving demands and preferences of modern travelers. Key players in this market constantly strive to enhance guest experiences, leverage technological advancements, and embrace sustainable practices to maintain their competitive edge.
In January 2023:Six Senses Hotels and Resorts has recently unveiled the launch of Six Senses Vana, their inaugural Wellness Retreat. This tranquil sanctuary in the Himalayas serves as the brand's second establishment in India, following the success of Six Senses Fort Barwara.
In April 2023:Three global hotel chains have recently revealed plans to introduce their high-end brands in India. Hilton's Waldorf Astoria and Minor Hotels' Anantara brands are preparing to make their first appearance in India in the city of Jaipur.
Top Companies Market Share in Mid range Hotel Industry: (In no particular order of Rank)
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According to Cognitive Market Research,The Mid-Range Hotel Market in North America stands as the epitome of growth and innovation within the hospitality industry. This region, encompassing a diverse array of landscapes and cultures, has emerged as the largest and most dynamic market globally, capturing a remarkable 40% of the industry's growth. The sheer scale and diversity of the North American market present an overview marked by constant evolution and adaptation. One of the most significant segments driving this growth is the United States. With its robust economy, diverse tourist attractions, and a culture that embraces travel, the USA dominates the North American mid-range hotel sector. The country's myriad offerings, ranging from iconic landmarks to natural wonders, cater to a wide spectrum of travelers, thereby fueling the market's expansion. In conclusion, North America's Mid-Range Hotel Market not only reflects the region's economic vitality but also embodies the spirit of hospitality and adventure.
The Mid-Range Hotel Market in the Asia Pacific region is currently experiencing unparalleled growth, making it the fastest-growing segment in the global hospitality industry, capturing a significant 23% share of the market. This phenomenon is underpinned by a dynamic overview shaped by rapid urbanization, burgeoning economies, and an increasingly affluent middle class. The region's appeal is not only limited to its breathtaking natural landscapes but also extends to its rich cultural heritage and diverse culinary experiences. One noteworthy segment contributing to this exponential growth is the rise of boutique mid-range hotels. These establishments blend modern amenities with local charm, offering travelers a unique and personalized experience. From innovative interior designs to immersive cultural interactions, boutique mid-range hotels have become immensely popular among tourists seeking a blend of comfort and authenticity.
The current report Scope analyzes Mid range Hotel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the mid-range hotel market in North America stands as the epitome of growth and innovation within the hospitality industry. This region, encompassing a diverse array of landscapes and cultures, has emerged as the largest and most dynamic market globally, capturing a remarkable 40% of the industry's growth. The sheer scale and diversity of the North American market present an overview marked by constant evolution and adaptation. One of the most significant segments driving this growth is the United States. With its robust economy, diverse tourist attractions, and a culture that embraces travel, the USA dominates the North American mid-range hotel sector. The country's myriad offerings, ranging from iconic landmarks to natural wonders, cater to a wide spectrum of travelers, thereby fueling the market's expansion. In conclusion, North America's Mid-Range Hotel Market not only reflects the region's economic vitality but also embodies the spirit of hospitality and adventure.
Europe Mid range Hotel Market Analysis:
According to Cognitive Market Research, The mid-range hotel market in Europe epitomizes elegance, history, and modernity, offering travelers an exquisite blend of old-world charm and contemporary conveniences. The region's allure lies in its rich cultural heritage, diverse cuisines, and iconic landmarks. One standout segment driving this market's growth is the boutique hotel experience. These intimate, often family-run establishments provide travelers with personalized services, unique designs, and a strong sense of locality. They contribute significantly to Europe's Mid-Range Hotel Market, capturing the essence of the region's individuality. With a remarkable 30% share in the market, Europe's Mid-Range Hotel segment is at the forefront of global hospitality. The continent's hotels not only provide a comfortable stay but also offer a glimpse into the region's rich history and artistic legacy.
According to Cognitive Market Research, The mid-range hotel market in the Asia Pacific region is currently experiencing unparalleled growth, making it the fastest-growing segment in the global hospitality industry, capturing a significant 23% share of the market. This phenomenon is underpinned by a dynamic overview shaped by rapid urbanization, burgeoning economies, and an increasingly affluent middle class. The region's appeal is not only limited to its breathtaking natural landscapes but also extends to its rich cultural heritage and diverse culinary experiences. One noteworthy segment contributing to this exponential growth is the rise of boutique mid-range hotels. These establishments blend modern amenities with local charm, offering travelers a unique and personalized experience. From innovative interior designs to immersive cultural interactions, boutique mid-range hotels have become immensely popular among tourists seeking a blend of comfort and authenticity.
According to Cognitive Market Research, the mid-range hotel market in Latin America is a fascinating blend of cultural diversity, natural beauty, and warm hospitality. With its vibrant cities, lush rainforests, and pristine beaches, the region offers a captivating overview, attracting travelers seeking both adventure and relaxation. One distinctive segment making a mark in this market is the eco-friendly mid-range hotels. Latin America's rich biodiversity and environmental consciousness have given rise to sustainable accommodations. These hotels, often nestled in ecologically sensitive areas, provide guests with immersive experiences while minimizing their ecological footprint. With a 5% share in the market, these eco-friendly mid-range hotels symbolize Latin America's commitment to responsible tourism. In conclusion, Latin America's Mid-Range Hotel Market stands out not only for its scenic landscapes and vibrant cultures but also for its dedication to preserving the environment
According to Cognitive Market Research, the mid-range hotel market in the Middle East and Africa region offers a unique blend of luxury and cultural authenticity, making it a burgeoning hub for travelers seeking an enriching experience. The overview of this market is marked by opulent architecture, traditional hospitality, and a growing emphasis on modern amenities. One noteworthy segment within this market is the heritage mid-range hotels. These hotels, often situated in historic districts, palaces, or refurbished traditional homes, provide guests with a glimpse into the region's rich heritage while offering comfortable accommodations. With a 2% share in the market, these heritage mid-range hotels represent the region's commitment to preserving its cultural identity while catering to the needs of modern travelers.In conclusion, the Middle East and Africa's Mid-Range Hotel Market present an exciting tapestry of luxury intertwined with cultural heritage. The growth of heritage mid-range hotels, despite constituting a smaller percentage, highlights the region's dedication to maintaining its historical legacy.
Global Mid range Hotel Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Mid range Hotel Industry growth. Mid range Hotel market has been segmented with the help of its Type, Application , and others. Mid range Hotel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, one double bed are often the dominant category. These rooms cater to a wide range of travelers, including solo travelers, couples, and small families. They strike a balance between affordability and comfort, making them highly popular among budget-conscious travelers seeking a cozy and private space. One double bedrooms are space-efficient, allowing hotels to accommodate more guests within their available space, thereby maximizing occupancy rates. Additionally, these rooms are versatile, suitable for both business and leisure travelers, ensuring a steady flow of guests throughout the year.
Suites represent the fastest-growing category in the mid-range hotel market. While traditionally associated with luxury hotels, mid-range hotels have started offering suites to attract travelers looking for a more upscale experience without the exorbitant price tag. Suites provide additional space, often including a separate living area and bedroom, along with enhanced amenities. This offering appeals to families, business travelers, and tourists celebrating special occasions. The demand for suites in mid-range hotels is rising due to the growing preference for spacious and comfortable accommodations.
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Online booking platforms have become the dominant method for reserving accommodations in the mid-range hotel market. The ease and convenience offered by online booking systems have transformed the way travelers plan their stays. With just a few clicks or taps on their smartphones or computers, guests can explore various hotel options, compare prices, read reviews, and make secure reservations. Online platforms also allow hotels to showcase their amenities, services, and promotions, attracting a broader audience. This digital presence significantly widens the reach of mid-range hotels, enabling them to connect with travelers globally.
According to Cognitive Market Research, offline booking methods, such as walk-ins and phone reservations, represent the fastest-growing category. There's a segment of travelers who prefer a more personal touch and direct interaction with hotel staff. Some customers, especially those traveling for business purposes or seeking last-minute accommodations, opt for offline booking methods to ensure a seamless and customized experience. Mid-range hotels are recognizing this trend and are enhancing their customer service strategies to cater to these guests effectively.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Mid range Hotel Market is witnessing significant growth in the near future.
In 2023, the One Double Bed segment accounted for noticeable share of global Mid range Hotel Market and is projected to experience significant growth in the near future.
The Online Booking segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Hilton Worldwide , InterContinental Hotels Group and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | One Double Bed, Two Single Beds, Suite |
Application | Online Booking, Offline Booking |
List of Competitors | Hilton Worldwide, Marriott International, InterContinental Hotels Group , Wyndham Hotel Group , Choice Hotels International , Accor Hotels, Starwood Hotels and Resorts Worldwide , Shanghai Jin Jiang International Hotel Group , Best Western International , Home In and others |
This chapter will help you gain GLOBAL Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review Global Mid range Hotel Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review North America Mid range Hotel Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review Europe Mid range Hotel Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review Asia Pacific Mid range Hotel Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review South America Mid range Hotel Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review Middle East Mid range Hotel Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Mid range Hotel. Further deep in this chapter, you will be able to review Middle East Mid range Hotel Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Mid range Hotel. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Mid range Hotel market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why One Double Bed have a significant impact on Mid range Hotel market? |
What are the key factors affecting the One Double Bed and Two Single Beds of Mid range Hotel Market? |
What is the CAGR/Growth Rate of Online Booking during the forecast period? |
By type, which segment accounted for largest share of the global Mid range Hotel Market? |
Which region is expected to dominate the global Mid range Hotel Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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