SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Hotels and Accommodation Category – Procurement Market Intelligence Report.
Industrial growth is spurring the need for frequent business travels across the globe which is consequently encouraging a high demand in the accommodation and hotels industry. The category spend momentum for this industry will continue registering an impressive growth because of the higher consumer preference towards the online hotel booking process that simplifies booking accommodation while offering a range of choices. Request a Free Sample of this market intelligence report here!
The category spend momentum in the US is largely favored by the presence of multinational corporations that dedicates a significant budget for business travels across the globe. However, the current accommodation and hotels industry will suffer a setback because of the declining tourist footfall which is an effect of the ongoing political tumult in the region. The recent devaluation of the Euro has been attracting a higher number of tourists visiting Europe, thereby; supplementing the category growth in the region. However, factors like the oil crisis and the economic and political instability will impede the category growth in MEA.
Insights offered in this hotels and accommodation procurement research report include supply market forecasts, primary cost drivers, and category management insights. Such insights are relevant for both the buyers and the suppliers who seek a risk-free and a cost-effective procurement strategy. The category spend segmentation done in this market intelligence report will guide the investors in identifying the best investment areas as well as help them in identifying cost-saving opportunities in the market. Get free customization of this market intelligence report on hotels and accommodation to get information tailored to your every requirement.
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Buyers must partner with service providers that exercise sound operational capabilities in various geographic locations. This will enable buyers to rationalize their supply base and consolidate their spend, says SpendEdge procurement expert Anil Seth.
This hotels and accommodation procurement research report has estimated the following cost drivers to influence the category growth in the coming years:
- Demand for budget hotels is likely to grow significantly during the forecast period
- Engaging with suppliers that allow high attrition range will reduce cancelation fees
- Purchase the full market intelligence report on hotels and accommodation here!
SpendEdge is now offering limited-time discounts on report purchases. Buy two reports and get the third one for free.
SpendEdges procurement market intelligence reports for the travel and entertainment category provide detailed supply market forecasts and cost drivers that impact category growth. Such information will help procurement managers as well as the suppliers to determine the total cost of ownership and change their procurement strategies accordingly. Additionally, SpendEdges reports provide category management insights and information on the procurement best practices for the category.
Report scope snapshot: Hotels and accommodation
Category pricing insights
- Pricing outlook
- Total cost of ownership analysis
- Supplier cost structure
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- Supplier-side levers
- Buyer-side levers
- Quantifying cost savings by negotiation strategies
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- Competitiveness index for suppliers
- Buyer power
- Supplier power score
- To view the table of contents of this market intelligence report, Download a FREE sample
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