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Hospitality Market in Morocco by Type of Tourists and Type of Service - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR72189
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The hospitality market share in Morocco is expected to increase by USD 1.87 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.40%.

This hospitality market in Morocco research report extensively covers the market segmentations by type of tourists (international and domestic) and type of service (food service and accommodation).

The hospitality market in Morocco report also offers information on several market vendors, including Accor SA, Four Seasons Hotels Ltd., Hyatt Hotels Corp., Kenzi Hotel Group, Louvre Hotels Group, Mandarin Oriental Hotel Group Ltd., Marriott International Inc., Rotana Hotel Management Corp., Shanghai Jin Jiang International Hotels Group Co. Ltd., and Wyndham Hotels and Resorts Inc. among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Hospitality Market Size in Morocco be During the Forecast Period?

Download the Free Report Sample to Unlock the Hospitality Market Size in Morocco for the Forecast Period and Other Important Statistics

 

Hospitality Market in Morocco: Key Drivers, Trends, and Challenges

The shifting preference for local and authentic experiences is notably driving the hospitality market growth in Morocco, although factors such as difficulties in implementing tourism policies may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hospitality market industry in Morocco. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hospitality Market Driver in Morocco

The shifting preference for local and authentic experiences is one of the key drivers supporting the hospitality market growth in Morocco. Many tourists are shifting from traditional traveling to local and authentic traveling experiences. They are focusing more on exploring local communities and their cultures, which are considered to be one of the most important aspects of the hospitality market in Morocco. These tourists prefer buying local products instead of souvenirs; undertaking adventure trips in public transport instead of taxis. Also, having dinner in a restaurant that uses zero-kilometer ingredients, including local, low-impact primary ingredients, such as meat, cheese, and honey. This new form of tourism is expected to become popular among tourists as they are becoming more aware of the environmental impact of tourism, which will fuel the growth of the market in focus during the forecast period.

Key Hospitality Market Trend in Morocco 

An increase in Internet access and online testimonials is another factor supporting the hospitality market growth in Morocco. The Internet provides consumers with all the essential information related to travel besides customer-generated reviews through testimonials. It also provides direct access to destination images and videos, reviews, weather reports, and maps and guides. For instance, booking.com, one of the prominent booking portals, provides users with booking options depending on the type of trip they wish to take. In 2020, the website had over 65 million guest reviews. Online testimonials are expected to gain more attention as they help travelers plan their visits and related itinerary. This is expected to have a positive impact on the hospitality market in Morocco during the forecast period.

Key Hospitality Market Challenge in Morocco 

The difficulties in implementing tourism policies is hindering the hospitality market growth in Morocco. When governments change or national budgets come under pressure, it becomes difficult to implement sustainable and effective policies. However, there are several challenges in the hospitality market in Morocco. They include a lack of a well-trained workforce for the tourism sector. Meanwhile, marketing issues include the promotional activity for implementing an effective tourism industry in the country. These factors are expected to pose a threat to the growth of the hospitality market in Morocco during the forecast period.

This hospitality market in Morocco analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the hospitality market in Morocco as a part of the global hotels, restaurants, and leisure market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hospitality market in Morocco during the forecast period.

Who are the Major Hospitality Market Vendors in Morocco?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Accor SA
  • Four Seasons Hotels Ltd.
  • Hyatt Hotels Corp.
  • Kenzi Hotel Group
  • Louvre Hotels Group
  • Mandarin Oriental Hotel Group Ltd.
  • Marriott International Inc.
  • Rotana Hotel Management Corp.
  • Shanghai Jin Jiang International Hotels Group Co. Ltd.
  • Wyndham Hotels and Resorts Inc.

 

This statistical study of the hospitality market in Morocco encompasses successful business strategies deployed by the key vendors. The hospitality market in Morocco is fragmented and the vendors are deploying growth strategies such as price, government licensing, service portfolio, quality, brand, and safety measures to compete in the market.

Product Insights and News

  • Accor SA - The company offers hotel resorts for tourists.
  • Accor SA - Hotel assets and others segment of the company corresponds to the hotel owner-operator business, comprising the Groups owned and leased hotels.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hospitality market in Morocco forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hospitality Market in Morocco Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hospitality market in Morocco, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the hotels, restaurants, and leisure market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Services
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

What are the Revenue-generating Type of Tourists Segments in the Hospitality Market in Morocco?

To gain further insights on the market contribution of various segments Request for a FREE sample

The hospitality market share growth in Morocco by the international segment will be significant during the forecast period. International tourism refers to tourism that crosses national borders. Tourism in Morocco is well developed, maintaining a strong tourist industry focused on the country's coast, culture, and history. Morocco is one of the major destinations for foreign tourists traveling in Africa. As Morocco is the most popular place for international tourism, which will drive market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hospitality market in Morocco size and actionable market insights on post COVID-19 impact on each segment.

 

Hospitality Market Scope in Morocco 

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.40%

Market growth 2022-2026

$ 1.87 billion

Market structure

Fragmented

YoY growth (%)

5.67

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Accor SA, Four Seasons Hotels Ltd., Hyatt Hotels Corp., Kenzi Hotel Group, Louvre Hotels Group, Mandarin Oriental Hotel Group Ltd., Marriott International Inc., Rotana Hotel Management Corp., Shanghai Jin Jiang International Hotels Group Co. Ltd., and Wyndham Hotels and Resorts Inc.

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, 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 Hospitality Market in Morocco Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive hospitality market growth in Morocco during the next five years
  • Precise estimation of the hospitality market size in Morocco and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hospitality industry in Morocco
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hospitality market vendors in Morocco 

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type of tourists

    • Market segments
    • Comparison by Type of tourists
    • International - Market size and forecast 2021-2026
    • Domestic - Market size and forecast 2021-2026
    • Market opportunity by Type of tourists

    Market Segmentation by Type of service

    • Market segments
    • Comparison by Type of service
    • Food service - Market size and forecast 2021-2026
    • Accommodation - Market size and forecast 2021-2026
    • Market opportunity by Type of service

    Customer landscape

    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Accor SA
    • Four Seasons Hotels Ltd.
    • Hyatt Hotels Corp.
    • Kenzi Hotel Group
    • Louvre Hotels Group
    • Mandarin Oriental Hotel Group Ltd.
    • Marriott International Inc.
    • Rotana Hotel Management Corp.
    • Shanghai Jin Jiang International Hotels Group Co. Ltd.
    • Wyndham Hotels and Resorts Inc.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    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.

    TechnavioINFORMATION 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
    Technavio

    TechnavioDATA 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
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The hospitality market in morocco market growth will increase by $$ 1.87 bn during 2023-2026.
    The hospitality market in morocco market is expected to grow at a CAGR of 6.40% during 2023-2026.
    Technavio has segmented the hospitality market in morocco market by market landscape (International and Domestic) ,market sizing (Food service and Accommodation) , and geographic (Morocco).
    Accor SA, Four Seasons Hotels Ltd., Hyatt Hotels Corp., Kenzi Hotel Group, Louvre Hotels Group, Mandarin Oriental Hotel Group Ltd., Marriott International Inc., Rotana Hotel Management Corp., Shanghai Jin Jiang International Hotels Group Co. Ltd., Wyndham Hotels and Resorts Inc. are a few of the key vendors in the hospitality market in morocco market.
    Morocco will register the highest growth rate of 100% among the other regions. Therefore, the hospitality market in morocco market in Morocco is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the hospitality market in morocco market growth are:
    • shifting preference for local and authentic experiences
    • increase in Internet access and online testimonials
    The hospitality market in morocco market vendors should focus on grabbing business opportunities from the international segment as it accounted for the largest market share in the base year.
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