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Hotels and Accommodation: Market Intelligence, Procurement Research, Hotels Industry Analysis, Supply Market Forecasts, Cost Drivers, Trends, Category Management Insights Now Available from SpendEdge

February 12, 2019
Global Hotels and Accommodation Category - Procurement Market Intelligence Report. (Graphic: Business Wire)

LONDON--(BUSINESS WIRE)--Feb 12, 2019--SpendEdge, a global procurement market intelligence firm, has announced the release of its

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190212005590/en/

Global Hotels and Accommodation Category - Procurement Market Intelligence Report. (Graphic: Business Wire)

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. 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. of this market intelligence report on hotels and accommodation to get information tailored to your every requirement.

“ 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 here!

SpendEdge’s 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, SpendEdge’s 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 Interested to know more about the scope of our market intelligence reports?

Cost-Saving Opportunities

Supplier-side levers Buyer-side levers Quantifying cost savings by negotiation strategies Want customized information from the hotels and accommodation procurement research report?

Category ecosystem

Competitiveness index for suppliers Buyer power Supplier power score To view the table of contents of this market intelligence report,

Do you purchase multiple reports in a year? Our subscription platform, , provides ready-to-use procurement research reports for multiple categories. Now access the latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. .

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About SpendEdge:

shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more,

View source version on businesswire.com:https://www.businesswire.com/news/home/20190212005590/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION LODGING

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 02/12/2019 10:03 AM/DISC: 02/12/2019 10:03 AM

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