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The Pet-Friendly Hotel Market is expected to grow to $6.55 Billion by 2028    


Market Analysis

Market Analysis, Hotel, Pet-Friendly, Travel   

Rapid pet ownership and travel demand has led to an increasing growth in the pet friendly hotel market, which is expected to hit $6.55 billion by 2028.

The astounding growth of the pet-friendly hotel market from $3.66 Billion in the year 2023 would see it at $4.1 Billion in 2024, deploying a compound annual growth rate of 12.4 percent. It is revealed from market analysis that such factors as increased adoption of pets, the increasing social media, and the luxurious demand have influenced the surge. By the year 2028, it would amount to $6.55 Billion due to the pet owners, aging population, and growth of the travel industry.

Key trends relating to the market analysis include technologic innovations, pet-specialized amenities such as grooming services, and packages for pets. A valuable example is the collaboration between Moxy Hotels and Sir Woofchester's Canine Hospitality, introducing robust dog-friendly offerings.

North America serves as the most significant market. However, the major players in the market such as Marriott, Hilton, and InterContinental Hotels Group create innovative services to attract pet owners to travel and hence shift the travel experience to become more pet-inclusive.

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