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The hospitality market share in the Netherlands is expected to increase by USD 5.30 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.68%.
This hospitality market in the Netherlands research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hospitality market in the Netherlands segmentations by type (restaurants, quick service, accommodations, and drinks sector) and tourist type (international and domestic). The hospitality market in the Netherlands report also offers information on several market vendors, including Accor SA, Bastion Hotelgroep B.V., Fletcher Hotel Exploitaties BV, Hilton Worldwide Holdings Inc., InterContinental Hotels Group, Louvre Hotels Group, Marriott International Inc., Minor International PCL, Shanghai Jin Jiang International Hotels Group Co. Ltd., and Van der Valk among others.
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The shifting preference for local and authentic experiences is notably driving the hospitality market growth in the Netherlands, 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 industry in the Netherlands. 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 the Netherlands
The shifting preference for local and authentic experiences is one of the key drivers supporting the hospitality market growth in the Netherlands. Some tourists 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 the Netherlands. These tourists prefer buying local products instead of souvenirs, undertaking adventure trips in public transport instead of taxis, and having dinner in a restaurant that uses zero-kilometer ingredients, including local, low-impact primary ingredients, such as meat, cheese, and honey. Thus, the 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 the Netherlands
An increase in internet access and online testimonials is one of the key trends contributing to the hospitality market growth in the Netherlands. Technological advances with respect to internet access and smartphones have disrupted the overall travel and tourism industry, which is expected to optimize the entire traveling process by making it more convenient for travelers to plan their vacations or trips. The internet provides consumers with all the essential information related to travel besides customer-generated reviews through testimonials. For instance, as of January 2020, TripAdvisor Inc., a popular website for travel reviews, had an average of around 500 million visitors per month. These websites enable travelers to plan their vacations in advance using the information available on the internet. It provides direct access to destination images and videos, reviews, weather reports, and maps and guides. Such accessibilities are expected to drive market growth during the forecast period.
Key Hospitality Market Challenge in the Netherlands
Difficulties in implementing tourism policies is one of the factors hindering the hospitality market growth in the Netherlands. The implementation of sustainable and effective policies, including those that promote the conservation of natural resources, safeguard local/national economic interests and encourage local heritage tours, faces difficulties when governments change, or national budgets come under pressure. However, there are several challenges that hamper the hospitality market in the Netherlands, such as lack of a well-trained workforce for the tourism sector; marketing issues which include the promotional activity for implementing effective tourism policies in the country. These factors are expected to pose a threat to the growth of the hospitality market in the Netherlands during the forecast period.
This hospitality market in the Netherlands 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.
Technavio categorizes the hospitality market in the Netherlands 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 the Netherlands during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the hospitality market in the Netherlands encompasses successful business strategies deployed by the key vendors. The hospitality market in the Netherlands 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.
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 the Netherlands forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the hospitality market in the Netherlands, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The hospitality market share growth in the Netherlands by the restaurants segment will be significant during the forecast period. International fast-food chains such as KFC, McDonald's, and Pizza Hut are the top three players in the restaurants segment in the Netherlands, which is fueling the growth of the foodservice industry. In addition, the rising preference for cheese, frozen foods, beef, fruits, pork, wine, and tree nut products by travelers are spurring the growth of the restaurants sector. The country also has a number of high-end hotels and restaurants that serve local and international cuisines. Such an increasing number of restaurants 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 size in the Netherlands and actionable market insights on post COVID-19 impact on each segment.
Morocco Hospitality market - The market share 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%.
Indonesia Hospitality market - The market share is expected to be valued at USD 16.87 billion by 2026 with a progressing CAGR of 12.03%.
Hospitality Market Scope in the Netherlands |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.68% |
Market growth 2022-2026 |
$ 5.30 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.25 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Accor SA, Bastion Hotelgroep B.V., Fletcher Hotel Exploitaties BV, Hilton Worldwide Holdings Inc., InterContinental Hotels Group, Louvre Hotels Group, Marriott International Inc., Minor International PCL, Shanghai Jin Jiang International Hotels Group Co. Ltd., and Van der Valk |
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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