Pet Hotels Market Size, Industry Analysis Report By Pet Type (Dog hotels, Cat hotels), By Hotel Type (Economic hotels, Mid-range hotels, Luxury hotels), By Booking Mode (Offline booking, Phone booking, Online booking) & Region – Forecast

  • 06/12/2022
  • 253
  • Retails & Consumer
The Pet Hotels Market: Overview
The Pet Hotels Market is valued at around USD 4,320.6 million in 2022 and is expected to reach USD 9,679.1 million by 2030, registering a CAGR of 8.4% over the forecast period. As pets are increasingly viewed as family members, pet owners have evolved into pet parents. This change and people's growing fondness for pets have led to an increase in pet spending.
Pet owners today expect their animals to live as opulently as they would expect for their own loved ones. Pet holidays for dogs, cats, and other exotic animals are becoming more and more popular as pet owners increase their spending on their animals. Because of this, pet hotels are now more common. Pet hotels are referred to as both pet boarding facilities and day-care facilities. A wide range of pet services are offered by pet hotels, including pet boarding, day-care, grooming, training, spas, entertainment, and other services. Nowadays, pet owners are very interested in planning vacations for their animals since they see them as four-legged children. This aspect has significantly fuelled the market's expansion of pet hotels.

The Pet Hotels Market - Growth Factor
During the projection period, the market for pet hotels will increase as people become more mindful of veterinarian health. The market for pet hotels is anticipated to experience significant expansion due to factors such as the rising demand for pet day-care services, the humanization of pets, pet owners' fast-paced lifestyles, and their unavoidable job commitments. Additionally, more people are motivated to spend more money on their pets' wellbeing, which eventually raises the cost of animal care overall, including services like pet sitting. The target market's growth will probably be further accelerated by this. Pet hotels have grown in popularity, been established, and are now widely used as a result of the advent of advanced, affordable, and personalised services that cover a variety of services like grooming, pet entertainment, and others. Similar to this, the opportunity for pet parents to personalise their pets' stays in these hotels is a highly desirable feature that draws in a wider customer base.

The Pet Hotels Market – Market Trends

• One of the key elements fuelling the market expansion for pet hotels is the increase in pet ownership. 85 million households in America have pets, and 12% more households now own pets than there were 30 years ago, according to data from the American Pet Products Association.
• This increase in pet ownership is anticipated to boost the market's expansion. The growing obsession with high-end pets in various regions is also projected to support industry expansion. In this sector, a few common business trends like personalisation and customisation are very popular.
• The experience that their pets have at pet hotels can be tailored or personalised by the pet owners. The pet hotels on the market are offering unique packages to draw in a sizable clientele.
• In a pet hotel, the pet owner can create a unique experience for their animals that might include a variety of services like pet entertainment, grooming, and other amenities.

The Pet Hotels Market – Segmentation
The Pet Hotels Market fragrance concentrates market has been sub-classified into pet type, hotel type, rating, booking mode.

On the basis of pet type, the Pet Hotels Market is bifurcated into:
• Dog hotels
• Cat hotels
• Others exotic animals

On the basis of hotel type, the market is segmented into:
• Economic hotels
• Mid-range hotels
• Luxury hotels
• others

On the basis of rating, the market segmented into:
• <3 stars
• 3 and above
• Others

On the basis of booking mode, the market segmented into:
• Offline booking
• Phone booking
• Online booking
• Others

The Pet Hotels Market –Regional Analysis
North America dominated the global Pet Hotels Market, for pet hotels is dominated by North America, followed by Europe. This is because these regions have a high rate of pet adoption and rising pet care costs. Given the growing awareness of pet care in East Asia, South Asia, and Oceania, the pet hotel business is projected to expand in these regions. Social media's increasing use in these areas is probably going to increase market potential even more. Additionally, market participants are looking for franchise opportunities, which is predicted to increase pet hostel sales during the projection period.

The Pet Hotels Market – Key Market players
Global key players of Pet Hotels Market include D Pet Hotels, Critterati, Camp Bow Wow, Posh Pet Hotel, The Barkley, Best Friend Pet Care, Old Towne Pet Resort, The Ings Luxury Cat Hotels, Wag Hotels, and Pacific Pet Resort, among others.

Report scope
Global Pet Hotels Market: Historical Years- 2018-2021
Global Pet Hotels Market: Forecast Years- 2022-2030
Global Pet Hotels Market 2022- USD 4,320.6 million
Global Pet Hotels Market 2030- USD 9,679.1 million
Global Pet Hotels Market CAGR- 8.4%

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