France Hospitality Market by Type, Service Type and Ownership - Forecast and Analysis 2024-2028

Published: Feb 2024

Pages: 130

SKU: IRTNTR77577

Snapshot

France Hospitality Market Forecast 2024-2028

The France Hospitality Market size is forecast to increase by USD 2.99 billion, at a CAGR of 2.34% between 2023 and 2028.

Several factors play a crucial role in the market's growth, such as the shifting preference for local and authentic experiences in France, the increasing investments in the hospitality industry, and the growing occupancy rates and RevPAR in Paris drive the hospitality market in France. The report provides market size, historical data spanning from 2018 - 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Shifting preference for local and authentic experiences in France is notably driving the market growth. Several travelers are increasingly looking for one-of-a-kind, immersive experiences that reflect the destination's cultural richness. In addition, this trend has an impact on various industry segments, including accommodations, dining, and activities.

Moreover, accommodation providers are responding to this preference by offering boutique hotels, bed and breakfasts, and heritage stays with a genuine sense of place. In addition, Airbnb Inc. has capitalized on this trend by connecting travelers with local hosts and unique accommodations that provide a more personalized and authentic experience than traditional hotels. Hence, such factors are driving the market growth during the forecast period.

Key Trends

An increase in Internet access and online testimonials regarding French hospitality is an emerging trend in the market. The market in France is experiencing a significant trend fuelled by increased internet access and the prevalence of online testimonials. In addition, with the increased reliance on technology, travelers now have widespread internet access, allowing them to research and book accommodations, restaurants, and experiences online.

Moreover, this accessibility has resulted in an increase in online reviews and testimonials, which influence potential visitors decision-making processes. In addition, tourists are increasingly relying on platforms such as TripAdvisor, Yelp, and social media to gain insight into the quality of services provided by hotels, restaurants, and other hospitality businesses. Therefore, businesses are putting more emphasis on maintaining a positive online reputation, as positive feedback can boost their visibility and attract a larger customer base. Hence, such factors are driving the market trends during the forecast period.

Major Challenge

Difficulties in implementing tourism policies are a major challenge hindering market growth. Bureaucratic complexities and regulatory challenges result in slow policy implementation. For instance, France, a popular tourist destination, has numerous administrative layers at both the national and regional levels, making policy coordination and implementation difficult. In addition, delays in decision-making and implementation can limit the industry's ability to respond quickly to changing market conditions.

Moreover, inconsistent or ambiguous policies can lead to uncertainty for hospitality businesses. In addition, frequent changes or a lack of clarity in regulations, particularly in response to external factors such as health crises or economic downturns, can disrupt hotel operations and long-term planning. Hence, such factors are hindering the market growth during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Accor SA: The company offers hospitality services through Novotel hotel which is in an ideal spot for walking to Paris major monuments such as the Louvre, Notre-Dame and La Samaritaine.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The domestic segment is estimated to witness significant growth during the forecast period. Domestic segments contribute significantly to the growth of France market and their impact is multifaceted, affecting various segments' revenues, including local tourism companies of industry, and contributing to economic stability. In addition, domestic travelers, unlike international tourists who may visit during specific seasons, provide a consistent stream of demand, allowing hotels, restaurants, and other hospitality businesses to maintain stable occupancy rates.

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The domestic segment was the largest segment and was valued at USD 15.63 billion in 2018. Moreover, domestic tourism promotes regional development by encouraging tourists to visit different parts of the country. Therefore, this drives up demand for lodging, dining, and local attractions, benefiting a wide range of businesses. In addition, domestic travelers help to preserve the country's cultural and regional diversity while also contributing to the financial success of hospitality businesses. Furthermore, their consistent demand serves as a stable foundation for the industry, contributing to Frances's vibrant and resilient market. Hence, these factors will contribute to moderate growth in the domestic segment of the market in France during the forecast period.

Segment Overview

The market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Type Outlook
- Domestic
- International
Service Type Outlook
- Food service
- Accommodation
Ownership Outlook
- Chained
- Standalone

Market Analyst Overview

The market in France exhibits diverse performances, with coastal regions and French provinces playing pivotal roles. Key performance indicators in the French hotel sector, including turnover and average revenue per room rented, reflect the industry's health. Inflation, rising wages, and energy prices impact the profitability of one to four-star hotels. Independent hotels with strong financial backing navigate challenges effectively. Individuals and special-purpose vehicles often benefit from tax exemption schemes. Bookings, facilitated by online tourism agencies (OTAs), contribute significantly to the sector's success. As a dynamic industry, the French market adapts to economic fluctuations, demonstrating resilience and innovation to enhance guest experiences and financial outcomes.

France Hospitality Market Scope
Report Coverage	Details
Page number	130
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 2.34%
Market growth 2024-2028	USD 2.99 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	2.0
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Accor SA, Airbnb Inc., B and B HOTELS, Brit Hotel Developpement, BWH Hotels, CAFE DE FLORE SAS, Choice Hotels International Inc., Disney, DUCASSE Paris, Hilton Worldwide Holdings Inc., Hotel Le Relais Saint Germain, InterContinental Hotels Group Plc, Logis, Marriott International Inc., McDonald Corp., Minor International PCL, OCEANIA HOTELS, Valk.com BV, and Louvre Hotels Group
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the market growth and forecasting between 2023 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming market growth trends and changes in consumer behavior
Growth of the market across France
Thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Service Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Ownership
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 11: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 12: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 13: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Chart on France: Year-over-year growth 2023-2028 (%)
- Exhibit 15: Data Table on France: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Hospitality market in France 2018 - 2022
- Exhibit 16: Historic Market Size – Data Table on hospitality market in France 2018 - 2022 ($ billion)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 17: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.3 Service type Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Service type Segment 2018 - 2022 ($ billion)

4.4 Ownership Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Ownership Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 27: Chart on Type - Market share 2023-2028 (%)
- Exhibit 28: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 29: Chart on Comparison by Type
- Exhibit 30: Data Table on Comparison by Type

6.3 Domestic - Market size and forecast 2023-2028
- Exhibit 31: Chart on Domestic - Market size and forecast 2023-2028 ($ billion)
- Exhibit 32: Data Table on Domestic - Market size and forecast 2023-2028 ($ billion)
- Exhibit 33: Chart on Domestic - Year-over-year growth 2023-2028 (%)
- Exhibit 34: Data Table on Domestic - Year-over-year growth 2023-2028 (%)

6.4 International - Market size and forecast 2023-2028
- Exhibit 35: Chart on International - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Data Table on International - Market size and forecast 2023-2028 ($ billion)
- Exhibit 37: Chart on International - Year-over-year growth 2023-2028 (%)
- Exhibit 38: Data Table on International - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Type
- Exhibit 39: Market opportunity by Type ($ billion)
- Exhibit 40: Data Table on Market opportunity by Type ($ billion)

7 Market Segmentation by Service Type

7.1 Market segments
- Exhibit 41: Chart on Service Type - Market share 2023-2028 (%)
- Exhibit 42: Data Table on Service Type - Market share 2023-2028 (%)

7.2 Comparison by Service Type
- Exhibit 43: Chart on Comparison by Service Type
- Exhibit 44: Data Table on Comparison by Service Type

7.3 Food service - Market size and forecast 2023-2028
- Exhibit 45: Chart on Food service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 46: Data Table on Food service - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Chart on Food service - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Food service - Year-over-year growth 2023-2028 (%)

7.4 Accommodation - Market size and forecast 2023-2028
- Exhibit 49: Chart on Accommodation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Data Table on Accommodation - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Chart on Accommodation - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Accommodation - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Service Type
- Exhibit 53: Market opportunity by Service Type ($ billion)
- Exhibit 54: Data Table on Market opportunity by Service Type ($ billion)

8 Market Segmentation by Ownership

8.1 Market segments
- Exhibit 55: Chart on Ownership - Market share 2023-2028 (%)
- Exhibit 56: Data Table on Ownership - Market share 2023-2028 (%)

8.2 Comparison by Ownership
- Exhibit 57: Chart on Comparison by Ownership
- Exhibit 58: Data Table on Comparison by Ownership

8.3 Chained - Market size and forecast 2023-2028
- Exhibit 59: Chart on Chained - Market size and forecast 2023-2028 ($ billion)
- Exhibit 60: Data Table on Chained - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Chart on Chained - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on Chained - Year-over-year growth 2023-2028 (%)

8.4 Standalone - Market size and forecast 2023-2028
- Exhibit 63: Chart on Standalone - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Standalone - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Standalone - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Standalone - Year-over-year growth 2023-2028 (%)

8.5 Market opportunity by Ownership
- Exhibit 67: Market opportunity by Ownership ($ billion)
- Exhibit 68: Data Table on Market opportunity by Ownership ($ billion)

9 Customer Landscape

9.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 70: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 71: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 72: Overview on factors of disruption

11.4 Industry risks
- Exhibit 73: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 74: Vendors covered

12.2 Market positioning of vendors
- Exhibit 75: Matrix on vendor position and classification

12.3 Accor SA
- Exhibit 76: Accor SA - Overview
- Exhibit 77: Accor SA - Business segments
- Exhibit 78: Accor SA - Key news
- Exhibit 79: Accor SA - Key offerings
- Exhibit 80: Accor SA - Segment focus

12.4 B and B HOTELS
- Exhibit 81: B and B HOTELS - Overview
- Exhibit 82: B and B HOTELS - Product / Service
- Exhibit 83: B and B HOTELS - Key offerings

12.5 Brit Hotel Developpement
- Exhibit 84: Brit Hotel Developpement - Overview
- Exhibit 85: Brit Hotel Developpement - Product / Service
- Exhibit 86: Brit Hotel Developpement - Key offerings

12.6 BWH Hotels
- Exhibit 87: BWH Hotels - Overview
- Exhibit 88: BWH Hotels - Product / Service
- Exhibit 89: BWH Hotels - Key offerings

12.7 Choice Hotels International Inc.
- Exhibit 90: Choice Hotels International Inc. - Overview
- Exhibit 91: Choice Hotels International Inc. - Product / Service
- Exhibit 92: Choice Hotels International Inc. - Key offerings

12.8 Disney
- Exhibit 93: Disney - Overview
- Exhibit 94: Disney - Product / Service
- Exhibit 95: Disney - Key offerings

12.9 DUCASSE Paris
- Exhibit 96: DUCASSE Paris - Overview
- Exhibit 97: DUCASSE Paris - Product / Service
- Exhibit 98: DUCASSE Paris - Key offerings

12.10 Hilton Worldwide Holdings Inc.
- Exhibit 99: Hilton Worldwide Holdings Inc. - Overview
- Exhibit 100: Hilton Worldwide Holdings Inc. - Business segments
- Exhibit 101: Hilton Worldwide Holdings Inc. - Key offerings
- Exhibit 102: Hilton Worldwide Holdings Inc. - Segment focus

12.11 InterContinental Hotels Group Plc
- Exhibit 103: InterContinental Hotels Group Plc - Overview
- Exhibit 104: InterContinental Hotels Group Plc - Product / Service
- Exhibit 105: InterContinental Hotels Group Plc - Key news
- Exhibit 106: InterContinental Hotels Group Plc - Key offerings

12.12 Logis
- Exhibit 107: Logis - Overview
- Exhibit 108: Logis - Product / Service
- Exhibit 109: Logis - Key offerings

12.13 Louvre Hotels Group
- Exhibit 110: Louvre Hotels Group - Overview
- Exhibit 111: Louvre Hotels Group - Product / Service
- Exhibit 112: Louvre Hotels Group - Key offerings

12.14 Marriott International Inc.
- Exhibit 113: Marriott International Inc. - Overview
- Exhibit 114: Marriott International Inc. - Business segments
- Exhibit 115: Marriott International Inc. - Key news
- Exhibit 116: Marriott International Inc. - Key offerings
- Exhibit 117: Marriott International Inc. - Segment focus

12.15 Minor International PCL
- Exhibit 118: Minor International PCL - Overview
- Exhibit 119: Minor International PCL - Product / Service
- Exhibit 120: Minor International PCL - Key offerings

12.16 OCEANIA HOTELS
- Exhibit 121: OCEANIA HOTELS - Overview
- Exhibit 122: OCEANIA HOTELS - Product / Service
- Exhibit 123: OCEANIA HOTELS - Key offerings

12.17 Valk.com BV
- Exhibit 124: Valk.com BV - Overview
- Exhibit 125: Valk.com BV - Product / Service
- Exhibit 126: Valk.com BV - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- Exhibit 128: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources

13.5 List of abbreviations
- Exhibit 133: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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