旅游忠诚度计画市场 - 全球产业规模、份额、趋势、机会及预测（按类型、客户群、收入群体、产业类型、地区和竞争格局划分，2021-2031年）

全球旅行忠诚度计画市场预计将从 2025 年的 340.8 亿美元成长到 2031 年的 715.3 亿美元，年复合成长率为 13.15%。

这些项目是由航空公司、饭店和旅游管理公司实施的系统性行销倡议，旨在透过向客户提供可兑换积分、精英资格和体验式奖励来鼓励客户重复消费。推动市场成长的关键因素是全球旅行需求的持续復苏以及消费者在住宿设施和辅助服务方面的支出增加。这创造了推动会员制和积分获取所需的交易量。正如美国酒店及住宿协会所指出的，预计到2025年，酒店住宿名义支出将达到7772.5亿美元，这为项目运营商创造了良好的发展环境。

然而，管理未使用积分产生的未偿债务对市场扩张构成重大挑战。当会员累积大量积分却不立即使用时，会增加公司资产负债表上的负债，并使财务规划更加复杂。因此，通常需要实施严格的积分过期政策，但这可能会对客户满意度产生负面影响。因此，对于寻求在不损害自身财务健康的前提下实现永续成长的专案提供者而言，管理这部分负债仍然是一项重要的营运障碍。

市场驱动因素

人工智慧驱动的个人化和预测分析的深度融合正在重塑市场格局，将忠诚度计画从简单的交易模式转变为高度个人化的生态系统。业者正利用机器学习分析会员资料集并预测旅行意向，即时优化优惠，在恰当的时机提供相关的奖励，从而最大限度地提升会员参与度。这项技术转型已成为重中之重。根据 Amadeus 于 2024 年 3 月发布的《2024 年旅游科技投资趋势报告》，42% 的旅游科技决策者将机器学习视为关键投资领域。这项能力对于优化庞大的会员群体至关重要；正如万豪国际集团在 2024 年所展示的那样，其万豪旅享家计画的会员人数已超过 2.19 亿，为演算法优化提供了大量资料集。

同时，消费者对体验式和价值驱动型奖励的需求日益增长，迫使营运商拓展奖励产品线，超越传统库存。现代旅客更重视独特的旅行方式，例如专属活动和健康度假体验，而非传统的机票折扣。这反映出人们的观念正在转变：忠诚的价值不在于节省金钱，而在于创造美好的旅行回忆。根据美国运通于2024年3月发布的《2024年全球旅行趋势报告》，77%的受访者表示，他们会优先考虑“获得合适的旅行体验而非价格”，这表明各奖励计划需要精心挑选非传统的、高价值的奖励兑换机会。

市场挑战

管理因未使用积分而产生的未偿付财务负债是全球旅游忠诚度计画市场面临的一大阻碍因素。当客户累积积分却未兑换时，这些余额会累计为递延收入，实际上相当于公司资产负债表上的一项负债。这不仅使长期财务规划变得复杂，也限制了可用于再投资以扩展计划基础设施和服务的流动资金。随着负债的成长，公司往往被迫优先考虑债务控製而非创新，从而限制了其积极开拓新客户群的能力。

由于旅行频率高，积分累积迅速，加剧了这项挑战。国际航空运输协会（IATA）预测，到2024年，全球旅客总数将达到49.6亿人次，如此庞大的旅客数量将导致积分快速增长，从而增加积分提供商的财务风险。为了规避这种风险，营运商通常会实施严格的积分过期政策，但这些措施可能会削弱客户的信任度和参与度，进一步阻碍市场的自然成长。

市场趋势

付费订阅和高级会员计划的引入，从根本上改变了市场结构，使精英资格与飞行频率脱钩。航空公司正越来越多地推出付费模式，提供诸如贵宾休息室使用权和优先服务等即时权益，从而确保预付的持续收入，并缓解旅行需求的季节性波动。这种模式迎合了现代旅客的喜好，他们更倾向于即时满足而非长期累积积分，这促使航空公司拓展业务范围，超越传统的哩程计画。根据 Caravelo 2024 年 5 月发布的报告（《预付与订阅计划对比》），在已识别的 93 个航空公司订阅计划中，预付航班计划占 50%，这凸显了航空公司正积极转向透过预付承诺锁定未来旅行意愿的模式。

同时，透过跨产业合作拓展日常收益生态系统，正将忠诚度计画转变为通用的生活方式货币。为了保持用户在旅途中的参与度，旅游品牌正在深化与金融机构、叫车应用程式和零售商的合作，使会员能够透过日常交易累积价值。这项策略降低了用户对旅游获取积分的依赖，同时透过向合作伙伴出售忠诚度货币，为计画营运商创造了丰厚的收入来源。根据Delta航空于2025年1月公布的2024财年财务业绩，其与美国运通的合作在第四季度带来了约20亿美元的奖励，同比增长14%，这表明旅行以外的收益管道也产生了显着的财务影响。

目录

第一章概述

第二章调查方法

第三章执行摘要

第四章：客户评价

第五章：全球旅游忠诚度计画市场展望

• 市场规模及预测
  • 按金额
• 市占率及预测
  • 按类型（积分制旅行忠诚度计画、价值制旅行忠诚度计画、分级旅行忠诚度计画、其他）
  • 按客户群（B2B、B2C）
  • 按收入组别划分（低于 5 万美元、5 万至 9.9 万美元、10 万美元以上）
  • 依行业（航空公司、饭店、汽车租赁公司、邮轮）
  • 按地区
  • 按公司（2025 年）
• 市场地图

6. 北美旅游忠诚度计画市场展望

• 市场规模及预测
• 市占率及预测
• 北美洲：国家分析
  • 我们
  • 加拿大
  • 墨西哥

7. 欧洲旅游忠诚度计画市场展望

• 市场规模及预测
• 市占率及预测
• 欧洲：国家分析
  • 德国
  • 法国
  • 英国
  • 义大利
  • 西班牙

8. 亚太地区旅游忠诚度计画市场展望

• 市场规模及预测
• 市占率及预测
• 亚太地区：国家分析
  • 中国
  • 印度
  • 日本
  • 韩国
  • 澳洲

9. 中东和非洲旅游忠诚度计画市场展望

• 市场规模及预测
• 市占率及预测
• 中东和非洲：国家分析
  • 沙乌地阿拉伯
  • 阿拉伯聯合大公国
  • 南非

10. 南美旅游忠诚度计画市场展望

• 市场规模及预测
• 市占率及预测
• 南美洲：国家分析
  • 巴西
  • 哥伦比亚
  • 阿根廷

第十一章 市场动态

• 司机
• 任务

第十二章 市场趋势与发展

• 併购
• 产品发布
• 最新进展

第十三章 全球旅游忠诚度计画市场：SWOT分析

第十四章：波特五力分析

• 产业竞争
• 新进入者的可能性
• 供应商电力
• 顾客权力
• 替代品的威胁

第十五章 竞争格局

• ACCOR SA
• Hyatt Hotels Corporation
• Marriott International, Inc.
• Wyndham Hotels & Resorts, Inc.
• Choice Hotels International, Inc.
• InterContinental Hotels Group PLC
• Expedia Group, Inc.
• Alaska Airlines, Inc.
• Delta Air Lines, Inc.
• American Airlines Group Inc.

第十六章 策略建议

第十七章：关于研究公司及免责声明

The Global Travel Loyalty Programs Market is projected to expand from USD 34.08 Billion in 2025 to USD 71.53 Billion by 2031, reflecting a CAGR of 13.15%. These programs are structured marketing efforts by airlines, hotels, and travel management firms designed to cultivate repeat business by offering customers redeemable points, elite status tiers, and experiential benefits. The primary force driving this market growth is the sustained recovery in global travel demand combined with increased consumer spending on lodging and ancillary services, which generates the transactional volume necessary to boost memberships and point accruals. As noted by the American Hotel & Lodging Association, nominal hotel guest spending is anticipated to reach $777.25 billion in 2025, creating a robust environment for scheme operators.

However, the management of outstanding financial liability resulting from unredeemed points presents a significant challenge to market expansion. As members accumulate large point balances without immediate redemption, companies incur growing debt on their balance sheets, which complicates financial planning and often necessitates strict expiration policies that can negatively impact customer satisfaction. Consequently, managing this liability remains a critical operational obstacle for program providers seeking to achieve sustainable growth without compromising the financial health of their organizations.

Market Driver

The profound integration of AI-driven personalization and predictive analytics is reshaping the market by transforming loyalty schemes from simple transactional models into hyper-personalized ecosystems. Operators are utilizing machine learning to analyze member datasets and predict travel intent, allowing them to tailor offers in real-time and maximize engagement by delivering relevant rewards at the optimal moment. This technological shift is a key priority; according to Amadeus' March 2024 'Travel Technology Investment Trends 2024' report, 42% of travel technology decision-makers identified machine learning as a critical investment. This capability is essential for optimizing massive member bases, as demonstrated by Marriott International in 2024, where the Marriott Bonvoy program surpassed 219 million members, providing extensive datasets for algorithmic refinement.

Simultaneously, rising consumer demand for experiential and value-based rewards is compelling operators to diversify redemption catalogs beyond standard inventory. Modern travelers are prioritizing unique lifestyle integrations, such as exclusive access to events or wellness retreats, over traditional flight discounts, reflecting a shift where the perceived value of loyalty lies in the quality of the memory created rather than monetary savings. According to the American Express '2024 Global Travel Trends Report' from March 2024, 77% of respondents stated they care more about obtaining the right travel experience than about the cost, signaling a mandate for programs to curate high-value, non-traditional redemption opportunities.

Market Challenge

The management of outstanding financial liability resulting from unredeemed points constitutes a significant restraint on the Global Travel Loyalty Programs Market. When customers accumulate loyalty currency without utilizing it, these balances are recorded as deferred revenue, effectively acting as debt on corporate balance sheets that complicates long-term fiscal planning and restricts the liquidity available for reinvestment in program infrastructure or service expansion. As this liability grows, companies are often forced to prioritize debt containment over innovation, which limits their ability to aggressively market to new demographics.

This challenge is exacerbated by the high volume of travel activity, which accelerates point accrual rates. According to the International Air Transport Association, total traveler numbers are projected to reach 4.96 billion in 2024, a substantial level of traffic that leads to a rapid intake of loyalty points and inflates the financial exposure for program providers. To offset this risk, operators often implement strict expiration policies; however, such measures can diminish customer trust and engagement, further hampering the organic growth of the market.

Market Trends

The adoption of paid subscription and premium membership tiers is fundamentally altering the market by decoupling elite status from flight frequency. Operators are increasingly launching fee-based models that grant immediate access to benefits such as lounge entry or priority services, thereby securing upfront recurring revenue and mitigating the seasonality of travel demand. This model appeals to modern travelers who prefer instant gratification over long-term accrual, prompting airlines to diversify beyond traditional miles. According to a May 2024 Caravelo report on prepaid versus subscription models, prepaid flight programs accounted for 50% of 93 identified airline subscription initiatives, highlighting the aggressive shift toward models that lock in future travel intent through upfront commitment.

Simultaneously, the expansion of everyday earning ecosystems through cross-sector partnerships is converting loyalty programs into ubiquitous lifestyle currencies. To maintain engagement between trips, travel brands are deepening integrations with financial institutions, ride-sharing apps, and retailers, ensuring members accrue value during daily transactions. This strategy reduces reliance on travel activity for points generation and creates high-margin revenue streams for program operators through the sale of loyalty currency to partners. As reported by Delta Air Lines in January 2025 regarding their 2024 financial results, remuneration from its partnership with American Express grew 14% year-over-year to nearly $2 billion in the fourth quarter, underscoring the immense financial impact of non-travel accrual channels.

Key Market Players

• ACCOR SA
• Hyatt Hotels Corporation
• Marriott International, Inc.
• Wyndham Hotels & Resorts, Inc.
• Choice Hotels International, Inc.
• InterContinental Hotels Group PLC
• Expedia Group, Inc.
• Alaska Airlines, Inc.
• Delta Air Lines, Inc.
• American Airlines Group Inc.

Report Scope

In this report, the Global Travel Loyalty Programs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Travel Loyalty Programs Market, By Type

• Points-based Travel Loyalty Program
• Value-based Travel Loyalty Program
• Tiered Travel Loyalty Program
• Others

Travel Loyalty Programs Market, By Customer Group

• B2B
• B2C

Travel Loyalty Programs Market, By Income Group

• Less than USD 50
• 000
• USD 50
• 000 - USD 99
• 000
• Above USD 100
• 000

Travel Loyalty Programs Market, By Industry Type

• Airlines
• Hotels
• Car Rentals
• Cruise Lines

Travel Loyalty Programs Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Travel Loyalty Programs Market.

Available Customizations:

Global Travel Loyalty Programs Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Travel Loyalty Programs Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Type (Points-based Travel Loyalty Program, Value-based Travel Loyalty Program, Tiered Travel Loyalty Program, Others)
  • 5.2.2. By Customer Group (B2B, B2C)
  • 5.2.3. By Income Group (Less than USD 50, 000, USD 50, 000 - USD 99, 000, Above USD 100, 000)
  • 5.2.4. By Industry Type (Airlines, Hotels, Car Rentals, Cruise Lines)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Travel Loyalty Programs Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Type
  • 6.2.2. By Customer Group
  • 6.2.3. By Income Group
  • 6.2.4. By Industry Type
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Travel Loyalty Programs Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Type
      • 6.3.1.2.2. By Customer Group
      • 6.3.1.2.3. By Income Group
      • 6.3.1.2.4. By Industry Type
  • 6.3.2. Canada Travel Loyalty Programs Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Type
      • 6.3.2.2.2. By Customer Group
      • 6.3.2.2.3. By Income Group
      • 6.3.2.2.4. By Industry Type
  • 6.3.3. Mexico Travel Loyalty Programs Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Type
      • 6.3.3.2.2. By Customer Group
      • 6.3.3.2.3. By Income Group
      • 6.3.3.2.4. By Industry Type

7. Europe Travel Loyalty Programs Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Type
  • 7.2.2. By Customer Group
  • 7.2.3. By Income Group
  • 7.2.4. By Industry Type
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Travel Loyalty Programs Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Type
      • 7.3.1.2.2. By Customer Group
      • 7.3.1.2.3. By Income Group
      • 7.3.1.2.4. By Industry Type
  • 7.3.2. France Travel Loyalty Programs Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Type
      • 7.3.2.2.2. By Customer Group
      • 7.3.2.2.3. By Income Group
      • 7.3.2.2.4. By Industry Type
  • 7.3.3. United Kingdom Travel Loyalty Programs Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Type
      • 7.3.3.2.2. By Customer Group
      • 7.3.3.2.3. By Income Group
      • 7.3.3.2.4. By Industry Type
  • 7.3.4. Italy Travel Loyalty Programs Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Type
      • 7.3.4.2.2. By Customer Group
      • 7.3.4.2.3. By Income Group
      • 7.3.4.2.4. By Industry Type
  • 7.3.5. Spain Travel Loyalty Programs Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Type
      • 7.3.5.2.2. By Customer Group
      • 7.3.5.2.3. By Income Group
      • 7.3.5.2.4. By Industry Type

8. Asia Pacific Travel Loyalty Programs Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Type
  • 8.2.2. By Customer Group
  • 8.2.3. By Income Group
  • 8.2.4. By Industry Type
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Travel Loyalty Programs Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Type
      • 8.3.1.2.2. By Customer Group
      • 8.3.1.2.3. By Income Group
      • 8.3.1.2.4. By Industry Type
  • 8.3.2. India Travel Loyalty Programs Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Type
      • 8.3.2.2.2. By Customer Group
      • 8.3.2.2.3. By Income Group
      • 8.3.2.2.4. By Industry Type
  • 8.3.3. Japan Travel Loyalty Programs Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Type
      • 8.3.3.2.2. By Customer Group
      • 8.3.3.2.3. By Income Group
      • 8.3.3.2.4. By Industry Type
  • 8.3.4. South Korea Travel Loyalty Programs Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Type
      • 8.3.4.2.2. By Customer Group
      • 8.3.4.2.3. By Income Group
      • 8.3.4.2.4. By Industry Type
  • 8.3.5. Australia Travel Loyalty Programs Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Type
      • 8.3.5.2.2. By Customer Group
      • 8.3.5.2.3. By Income Group
      • 8.3.5.2.4. By Industry Type

9. Middle East & Africa Travel Loyalty Programs Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Type
  • 9.2.2. By Customer Group
  • 9.2.3. By Income Group
  • 9.2.4. By Industry Type
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Travel Loyalty Programs Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Type
      • 9.3.1.2.2. By Customer Group
      • 9.3.1.2.3. By Income Group
      • 9.3.1.2.4. By Industry Type
  • 9.3.2. UAE Travel Loyalty Programs Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Type
      • 9.3.2.2.2. By Customer Group
      • 9.3.2.2.3. By Income Group
      • 9.3.2.2.4. By Industry Type
  • 9.3.3. South Africa Travel Loyalty Programs Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Type
      • 9.3.3.2.2. By Customer Group
      • 9.3.3.2.3. By Income Group
      • 9.3.3.2.4. By Industry Type

10. South America Travel Loyalty Programs Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Type
  • 10.2.2. By Customer Group
  • 10.2.3. By Income Group
  • 10.2.4. By Industry Type
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Travel Loyalty Programs Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Type
      • 10.3.1.2.2. By Customer Group
      • 10.3.1.2.3. By Income Group
      • 10.3.1.2.4. By Industry Type
  • 10.3.2. Colombia Travel Loyalty Programs Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Type
      • 10.3.2.2.2. By Customer Group
      • 10.3.2.2.3. By Income Group
      • 10.3.2.2.4. By Industry Type
  • 10.3.3. Argentina Travel Loyalty Programs Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Type
      • 10.3.3.2.2. By Customer Group
      • 10.3.3.2.3. By Income Group
      • 10.3.3.2.4. By Industry Type

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Travel Loyalty Programs Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. ACCOR SA
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Hyatt Hotels Corporation
• 15.3. Marriott International, Inc.
• 15.4. Wyndham Hotels & Resorts, Inc.
• 15.5. Choice Hotels International, Inc.
• 15.6. InterContinental Hotels Group PLC
• 15.7. Expedia Group, Inc.
• 15.8. Alaska Airlines, Inc.
• 15.9. Delta Air Lines, Inc.
• 15.10. American Airlines Group Inc.

16. Strategic Recommendations

17. About Us & Disclaimer