Netherlands Hospitality Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR (2024 - 2029) | > 8.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Netherlands Hospitality Market Analysis
The Hospitality Industry in the Netherlands Market is expected to register a CAGR of greater than 8.25% during the forecast period(2024-2029).
The hospitality industry in the Netherlands has generated revenue of USD 5.30 billion in the current year and is poised to register a CAGR of more than 8.25% during the forecast period.
Though the entry for new hotels in Amsterdam is going to get limited in the coming years owing to the fact that with more municipalities implementing a restrictive hotel policy, which means there are fewer opportunities for new hotel developments as the city already bulges, it still retained the top spot as the most attractive European city for hotel investments in 2022 with respect to the high demand that the city holds for new hotels.
The city has been stretching its borders for visitors and for hotels to room them. Along with Amsterdam, both supply and demand for new developments grew throughout the Netherlands in 2022. The number of hotel rooms is growing at a rapid pace in the major Dutch cities. Among the top 5 cities with high RevPAR, Rotterdam registered high growth when compared to Amsterdam, Maastricht, Utrecht, and The Hague. The increasing RevPAR that many tier-II cities have been recording is attracting investors. The increase in the percentage of RevPAR in Rotterdam was almost 10% in 2022 when compared to that in 2021. Also, Rotterdam stood next to Amsterdam in the number of hotel projects that are in the construction pipeline, with around 2,000 rooms, while Amsterdam has more than 8,100 rooms. The shifting preference for local and authentic experiences is notably driving the hospitality market growth in the Netherlands. However, factors such as difficulties in implementing tourism policies may impede the market growth.
Netherlands Hospitality Market Trends
Tier-II Cities Are Going to Attract More Investors Thus Driving The Industry
Amsterdam achieved the highest average room rate in 2021 at EUR 162 (USD 171), which is an increase of 5.2% compared to 2022. The Amsterdam market also showed growth in the average occupancy rate of 2%. Utrecht has been recording high demand numbers, whereas supply is less, thus making it a great opportunity for investors. And with the restrictive hotel policy in Amsterdam is also making investors focus on other regions of the country. With the recent developments from the past three years, Amsterdam recorded a high number of hotels opening for the same period. With this trend, more focus is going to be given to tier-II cities in the forecast period.
Crowded Amsterdam is Opening Up Opportunities for Other Cities for Development
The growing employment opportunities and population are leading to urbanization, thus making them a good market for hotels. Cities like Amstelveen and Haarlem are registering almost an equal growth rate in population as Amsterdam. They are forecasted to attract more investors as these cities are recording growing percentage growth of job opportunities, which correlates with the increase in population and GDP. The natural attractions in those cities are attracting more visitors.
Netherlands Hospitality Industry Overview
The Netherlands hospitality industry is the consolidated market. Like most of the European Union countries, the hospitality industry in the Netherlands is largely covered by most of the European-born companies, yet the number of international players and their brands also penetrates well in the region. Most of the hotels are strategically located in places that tourists highly prefer. The region holds good demand for hotels as the supply is a little less than the demand. With the co-operating government policies, the region is an attractive one for investors. The major players in the Netherlands are Van der Valk, Accor SA, NH Hotels, InterContinental Hotels Group Plc, and Fletcher Hotel.
Netherlands Hospitality Market Leaders
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Van der Valk
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Accor SA
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NH Hotels
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InterContinental Hotel Group
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Fletcher Hotel
*Disclaimer: Major Players sorted in no particular order
Netherlands Hospitality Market News
- January 2023: InterContinental Hotel Group, Netherlands, took the initiative on an Augmented Reality (AR) hotel art tour where visitors can interact virtually with 10 artworks in the hotel's collection, supplemented by computer-generated graphics and sound as well as written or audio narratives about the piece and artist.
- May 2022: Fletcher Hotel, Netherlands, took the initiative on an immersive virtual experience where guests take part in an interactive treasure hunt that combines virtual and physical gameplay during their stay.
Hospitality Industry in the Netherlands Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.1.1 Contribution to the Economy to Generate Income for the Nation
4.2.2 Market Restraints
4.2.2.1 Long Hours of Working Pattern
4.2.3 Market Opportunities
4.2.3.1 Technological Advancements in Netherlands Hospitality Industry
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of COVID-19 on Hospitality Industry
4.5 Technological Innovations in the Hospitality Industry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chain Hotels
5.1.2 Independent Hotels
5.2 By Segment
5.2.1 Service Apartments
5.2.2 Budget and Economy Hotels
5.2.3 Mid and Upper mid scale Hotels
5.2.4 Luxury Hotels
6. COMPETITVE INTELLIGENCE
6.1 Market Concentration
6.2 Company profiles
6.2.1 Van der Valk
6.2.2 AccorHotels
6.2.3 NH Hotels
6.2.4 Fletcher Hotel
6.2.5 InterContinental Hotel Group
6.2.6 Louvre Hotels Group
6.2.7 Bastion Hotel Group
6.2.8 Marriott International
6.2.9 Hilton Hotels &Resorts
6.2.10 Radisson Hotel Group*
- *List Not Exhaustive
6.3 Loyalty programs offered by Major Hotel Brands
7. MARKET FUTURE TRENDS
8. DISCLAIMER
Netherlands Hospitality Industry Segmentation
The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage service, event planning, theme parks, travel agencies, tourism, hotels, restaurants, and bars. A complete background analysis of the hospitality industry in the Netherlands, which includes an assessment of the industry associations, overall economy, emerging market trends by segments, significant changes in the market dynamics, and market overview, is covered in the report.
The hospitality industry in the Netherlands is segmented by type (chain hotels, independent hotels) and by segment (service apartments, budget, and economy hotels, mid and upper mid scale hotels, and luxury hotels).
The report offers market size and forecasts for the hospitality industry in the Netherlands in value (USD) for all the above segments.
| By Type | |
| Chain Hotels | |
| Independent Hotels |
| By Segment | |
| Service Apartments | |
| Budget and Economy Hotels | |
| Mid and Upper mid scale Hotels | |
| Luxury Hotels |
Hospitality Industry in the Netherlands Market Research Faqs
What is the current Hospitality Industry in the Netherlands Market size?
The Hospitality Industry in the Netherlands Market is projected to register a CAGR of greater than 8.25% during the forecast period (2024-2029)
Who are the key players in Hospitality Industry in the Netherlands Market?
Van der Valk , Accor SA, NH Hotels , InterContinental Hotel Group and Fletcher Hotel are the major companies operating in the Hospitality Industry in the Netherlands Market.
What years does this Hospitality Industry in the Netherlands Market cover?
The report covers the Hospitality Industry in the Netherlands Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Hospitality Industry in the Netherlands Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key trends in the Hospitality Market in the Netherlands?
The key trends in the Hospitality Market in the Netherlands are a) Growing adoption of online travel booking platforms b) Rising demand for sustainable tourism practices c) Shifting preference for local and authentic experiences
Hospitality Industry in the Netherlands Industry Report
The hospitality industry in the Netherlands is set for substantial growth, driven by a shift towards local and authentic experiences among tourists. This market, segmented by type including restaurants, quick service, accommodations, and the drinks sector, and by tourist type, both international and domestic, is characterized by a fragmented competitive landscape. Vendors are adopting strategies such as service diversification and quality enhancement to secure a competitive edge. Key trends such as increased internet access and online testimonials are making travel planning more accessible and informed. However, challenges like difficulties in implementing tourism policies may hinder growth. Comprehensive market analysis, including drivers, trends, and challenges, helps companies optimize strategies in the Netherlands hospitality market. For detailed statistics on the Netherlands hospitality market share, size, and revenue growth rate, consider accessing a free report PDF download from Mordor Intelligence™ Industry Reports, which includes a market forecast outlook and historical overview. This analysis aids stakeholders in refining their strategies to leverage growth opportunities effectively in the hospitality industry in the Netherlands.
