The demand for luxurious hotels for pets has increased significantly as pet owners (nowadays pet parents) expect the same lavish lifestyle for their pets, as they do for their family members. This transition is the result that is fostering the growth of the Pet-Friendly Luxurious Hotel Market.
The global Pet-friendly luxurious hotels market is expected to grow at a 12.5% annual rate and reach a market size of USD 20.46 billion by 2028, up from USD 2.61 billion currently
Covid-19 Impact & Market Status
Due to the COVID-19 epidemic, the global GDP shrunk and so did the Pet-friendly luxury hotel market. The epidemic largely affected the global tourism sector which lowered the demographic of the hotel industry. But now as we are in the COVID-19 recovery phase, the tourism industry across the globe has started seeing a resumption of people traveling to various places. Currently, it is helping in the upliftment of the global tourism industry, as a result of which the Pet-friendly luxurious hotel market is also seeing significant changes.
Travel Agents will hold the maximum market share in the future
Looking at the market by booking mode, travel agencies will boost the market in the coming years as it is one of the oldest and most trusted methods of booking hotels, where pet owners can have a booking at the best price available.
The food dishes segment is going to boost the market
Considering the market by amenities, the food dishes segment will uplift the market, as pet owners can order various food dishes for their pets at the utmost convenience. There are gourmet room service menus, rawhide bones, water bowls, and many more which are successfully quenching the thirst of pet owners or pet parents.
North American Region will grow at a higher rate
North America holds the largest share of the pet hotel market, with a staggering 58% revenue and it will continue to grow at a higher rate as there is a high rate of pet adoption in that region. Nearly 90.5 million households in the US have pets, and pet ownership has increased from 56% to 68%.
Following that, the rate of pet adoption in Europe and the APAC region has also grown significantly.
The market’s growth is primarily steered by the high demand for a luxurious pet experience which includes a variety of amenities such as ordering gourmet room service, specialized bedding, collars, and much more.
Pet-friendly hotels have rapidly grown in numbers across the world as pet owners want to get a luxurious experience with their pets. One of the main factors driving the Pet-Friendly Luxurious Hotel Market is that it fulfills the pet parents’ demands from specialized beds, collars, rawhide, bones, catnip, and scratch poles to gourmet room service. The pet-friendly hotel market is highly competitive and is represented by some of the best-known hotel chains in the industry. By the end of the forecast period, the market for opulent hotels that welcome pets is anticipated to increase by 8200 US$ million at a CAGR of 7.5%.
The pet-friendly luxury hospitality industry is intensely competitive and one of the fastest-growing sectors in the world. The hotels genuinely strive to pamper the pets of pet owners with a lifestyle requiring a lot of travel. It provides proper food portions, enough walking and playtime, and medicines when required. These factors have increased the demand for pet-friendly luxury hotels.
The hotels that offer a variety of helpful amenities to pet owners are called Pet-friendly luxurious hotels. It includes everything starting from gourmet room service, leashes, collars, and litter bones to a pet-walking route map, pet carrier, and even pet sitting services.
Pet-friendly hotel acceptance is therefore increasing among pet owners as pets who may become ill during their stay are housed in spacious areas that are given freedom of movement and good ventilation of the pet's airways.
However, there are a few cons, including pet allergy, probable damage to the property, pet odours, and potential biting and barking issues with other dogs. But there are some cons such as targeting a niche demographic, typically dual-income, no children, or retirees, offering larger and separate lodge space can easily outweigh the cons and help in the growth of the pet-friendly luxury hotels market.
Hence, this report offers an in-depth analysis of some of the leading Industrial Vacuum Valve market players which include Marriott International, Loews Hotels, IHG(Kimpton), Hilton, Rosewood, Hyatt, La Quinta, Montage Hotel, The Langham Fairmont, Mandarin Oriental, Dusit International, The Hoxton, Eden Roc Cap Cana, Auberge Resorts, Best Western, Oetker Collection, Le Bristol Paris, and Belmond Reid's Palace. The Industrial Vacuum Valves Market research study also offers details on forthcoming trends, openings, the size of the market, and threats to its expansion. The study is designed to help companies capitalize on future growth opportunities and capitalize on them strategically.
Latest Innovations in the Global Pet-friendly Luxurious Hotels Market: a Snapshot
• In April 2019, A Place for Rover, Inc. expanded into new breed segments by introducing cat grooming services in North America and the UK.
• In October 2019, PetSmart introduced a new concept for dog day camps, renaming its ongoing all-day off-lead playgroup The Ultimate Experience. The emergence of new services from major corporations is encouraging pet owners to try them out for their animals.
• We Love Pets widened its reach in September 2021 by opening three new franchises in its Cambridge, Billericay, and Maidstone offices. This ultimately increased the company's service area.
Pet-Friendly Luxury Hotel Market Scope
|Revenue forecast in 2028
|USD 20.46 billion
|CAGR of 12.5 % during 2021-2028
|Hotel Type, Booking Mode, Application, Amenities, Regions
|North America, Europe, Asia Pacific, Middle East and Africa, South America
|Key Players Profiled
|Marriott International, Loews Hotels, IHG(Kimpton), Hilton, Rosewood, Hyatt, La Quinta, Montage Hotel, The Langham Fairmont, Mandarin Oriental, Dusit International, The Hoxton, Eden Roc Cap Cana, Auberge Resorts, Best Western
Key Segments of the Pet-Friendly Luxurious Hotel Market
Hotel Type Overview (USD billion)
- Apartment Hotel
- Suite Hotel
- Villa Hotel
- Resort Hotel
Application Overview, (USD billion)
- Pet Cat
- Pet Dog
Booking Mode Overview, (USD billion)
- Travel Agents
- Online travel portals
- Marketing alliances
- Verbal Mode
Amenities Overview, (USD billion)
- Food dishes
- Water Bowls
Regional Overview, (USD billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa