Hospitality Market in Morocco | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2022-2026
Global hospitality market in Morocco is likely to post an incremental growth of $ 1.87 billion, accelerating at a CAGR of 6.40% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
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Hospitality Market in Morocco: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by International and Domestic.
- This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Hospitality Market in Morocco size.
Hospitality Market in Morocco: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Shifting preference for local and authentic experiences will be a significant factor in driving the growth of the Hospitality Market in Morocco. Tourists are shifting from traditional traveling to local and authentic travel experiences. They are focusing more on exploring local communities and their cultures.
- Increasing number of travelers opting for new types of tourism will be instrumental in driving market growth during the forecast period.
- An increase in Internet access and online testimonials is another factor supporting the hospitality market growth in Morocco.
- Difficulties in implementing tourism policies is a hurdle that needs to be crossed on the path to success.
Hospitality Market in Morocco: Vendor Analysis
- The market is fragmented.
- 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. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Browse through some of other related market research reports for more insights:
- Hospitality Market in Indonesia: Global hospitality market in Indonesia is likely to post an incremental growth of $ 16.87 bn, accelerating at a CAGR of 12.03% during the forecast period.
- Hotel Market in Vietnam: Global hotel market in Vietnam is likely to post an incremental growth of $ 2.12 bn, accelerating at a CAGR of 14.43% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 6.40%.
- What is the incremental growth of the market?
The market is expected to grow by $ 1.87 billion through 2022-2026.
- What is a key factor driving this market?
Shifting preference for local and authentic experiences will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Morocco is the key region featured in this research report.
- Who are the leading market vendors?
The leading vendors in this market are 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.
- What are the market segments covered in this report?
The market is segmented by International and Domestic.
