Hotels and Accommodation: Market Intelligence, Procurement Research, Hotels Industry Analysis, Supply Market Forecasts, Cost Drivers, Trends, Category Management Insights Now Available from SpendEdge
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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 insightsPricing outlook Total cost of ownership analysis Supplier cost structure Interested to know more about the scope of our market intelligence reports?
Cost-Saving OpportunitiesSupplier-side levers Buyer-side levers Quantifying cost savings by negotiation strategies Want customized information from the hotels and accommodation procurement research report?
Category ecosystemCompetitiveness index for suppliers Buyer power Supplier power score To view the table of contents of this market intelligence report,
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INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION LODGING
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PUB: 02/12/2019 10:03 AM/DISC: 02/12/2019 10:03 AM