Market Report, "Lodging in Ecuador", published

From: Fast Market Research, Inc.
Published: Tue Oct 06 2015

Travel accommodation value sales grew 10% in 2014 to reach US$769 million, mostly due to a big increase in total inbound arrivals. Hotel investment is booming in Ecuador overall in anticipation of increased arrivals over the forecast period, in particular of high-spending luxury tourists. At the 2014 South American Hotel Investment Conference (SAHIC), US$87 million in new hotel investment for Quito was announced.

Industry Prospects

Lodging is expected to grow by a CAGR of 8% during the forecast period, reaching 7,583 outlets by 2019 and sales of US$1.1 billion. Oro Verde is expected to remain the leader due to operating more outlets than any other brand in Ecuador and because of its focus on the luxury and business segments which will allow it to charge higher room rates than many other domestic hotel players. International players are increasing their presence in Ecuador, however, with Wyndham, Marriott and IHG all expected to open new outlets over the forecast period.

Full Report Details at

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in Ecuador with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in Ecuador, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in Ecuador market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in Ecuador?
* What are the major brands in Ecuador?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

About Fast Market Research

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- Lodging in Canada
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