1 Global Hotel Gift Cards Market Outlook
The global Hotel Gift Cards market is projected to exhibit substantial growth in the coming years, with a CAGR of 8.11% from 2024 to 2033, reaching a total market size of $1652.57 million USD in 2024. Hotel gift card is a prepaid stored-value card. Gift card holders can use the gift card to replace cash when shopping in a specific store or related enterprise. Hotel gift cards can be redeemed for accommodation, merchandise, food and beverages, and other hotel services. Some Hotel Gift Cards can be used in multiple hotels, and some Hotel Gift Cards can be used in all hotels and resorts within a certain brand.
Figure Global Hotel Gift Cards Market Size and Growth Rate (2024-2033)
2 Hotel Gift Cards Market Growth Drivers and Constraints
The growth of the Hotel Gift Cards market is significantly driven by the rise of hybrid and new energy vehicles. In recent years, the increasing demand for fuel-efficient vehicles and strict emission regulations have accelerated the development of the new energy and hybrid vehicle markets. Hotel Gift Cards play a crucial role in cooling key components such as the motor, inverter, and battery system in these vehicles, leading to an expected significant growth in market demand. However, the market faces challenges such as general cost increases due to rising labor, energy, logistics, and transportation costs, as well as fluctuating raw material prices, which put greater pressure on the operating costs of the Hotel Gift Cards industry. Additionally, the industry experiences intense competition with many participants, and the expanding downstream demand not only brings good prospects for Hotel Gift Cards products but also leads to a continuous increase in industry participants. This intensifying competition may adversely impact the average profit level of the industry. Furthermore, the high technical barrier for new entrants, including the need for deep technical accumulation, R&D team support, and the ability to meet strict quality and supply requirements from vehicle manufacturers, poses a significant challenge for new companies looking to enter the market.
3 Hotel Gift Cards Market Innovations and M&A Activities
In the Hotel Gift Cards industry, mergers and acquisitions, as well as expansion plans, are shaping the competitive landscape. Notably, Mitsubishi Electric, Mitsubishi Electric Mobility, and AISIN have reached a basic agreement to establish a joint venture company to handle products for next-generation electric vehicles, aiming to develop, produce, and sell traction motors, power converters, and control software optimized for electric and hybrid vehicles. This strategic move is in response to the diversifying needs for vehicle electrification and a step towards contributing to global carbon neutrality. Additionally, Nidec and KPS Capital Partners are reportedly in a bidding battle to acquire Innomotics, Siemens’ business spin-off focusing on motors and large drives, with potential sales worth €3bn. These developments underscore the industry’s dynamic nature and the strategic efforts by key players to consolidate their market positions and expand their reach in the evolving electric vehicle sector.
4 Global Hotel Gift Cards Market Analysis by Type
In 2024, the global Hotel Gift Cards market is projected to have a total size of $1,652.57 million USD. This represents a significant portion of the overall market, with the Open Loop segment accounting for $564.58 million USD, the Closed Loop segment at $656.87 million USD, and the E-gifting segment reaching $431.11 million USD. In terms of market share, the Closed Loop segment is expected to dominate, holding the largest share due to its widespread use within specific hotel chains, apturing a market share of approximately 39.75%. The Open Loop segment, while smaller, offers versatility and convenience, attracting a broad range of consumers, apturing a market share of approximately 34.16%. Meanwhile, the E-gifting segment is rapidly growing, driven by the increasing adoption of digital technologies and the convenience of online transactions, apturing a market share of approximately 26.09%. This distribution reflects the diverse preferences and needs of consumers in the hotel gift card market.
Table Global Hotel Gift Cards Market Size and Share by Type in 2024
Type | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Open Loop | 564.58 | 34.16% |
Closed Loop | 656.87 | 39.75% |
E-gifting | 431.11 | 26.09% |
5 Global Hotel Gift Cards Market Analysis by Application
In 2024, the global Hotel Gift Cards market is expected to be segmented by application into several key areas, each contributing to the overall market size of $1,652.57 million USD. The Accommodation segment is projected to have the largest market size, reaching $1,086.67 million USD, which accounts for approximately 65.76% of the total market share. This segment’s dominance is attributed to the continuous demand for hotel stays and the convenience of using gift cards for booking accommodations. The Delicacy segment is expected to have a market size of $257.52 million USD, representing about 15.58% of the market share. This segment caters to consumers looking for dining experiences and is driven by the increasing popularity of gourmet dining options. The Spa Service segment is forecasted to reach $113.83 million USD, comprising around 6.89% of the market share. The growth in this segment is fueled by the rising interest in wellness and relaxation activities. Lastly, the Others segment, which includes various services such as parking and other leisure activities, is expected to have a market size of $194.54 million USD, contributing to 11.77% of the market share.
Table Global Hotel Gift Cards Market Size and Share by Application in 2024
Application | Market Size in 2024 (M USD) | Market Share in 2024 (%) |
|---|---|---|
Accommodation | 1086.67 | 65.76% |
Delicacy | 257.52 | 15.58% |
Spa Service | 113.83 | 6.89% |
Others | 194.54 | 11.77% |
6 Global Hotel Gift Cards Market Analysis by Region
In 2024, the global Hotel Gift Cards market is projected to have a total value of $1,652.57 million USD. North America is expected to lead the market with a value of $785.88 million USD, accounting for approximately 47.56% of the global market share. This region’s dominance is driven by its well-established travel and tourism industry, particularly in the United States, where there is a strong culture of gifting. Europe follows closely, with a market value of $438.88 million USD, representing about 26.56% of the market share. The region benefits from its rich cultural heritage and diverse tourism offerings, attracting a significant number of travelers. The Asia-Pacific region is also a significant player, with a market value of $301.60 million USD, comprising 18.25% of the market share. This growth is fueled by the rising middle class and increasing disposable incomes, especially in countries like China and Japan. South America and the Middle East & Africa are expected to contribute $52.79 million USD and $73.41 million USD respectively, with market shares of 3.19% and 4.44%. These regions are gaining traction due to their unique tourism experiences and increasing international visibility.
Figure Global Hotel Gift Cards Market Share by Region in 2024
7 Top 3 Companies of Global Hotel Gift Cards Market
7.1 Marriott International
Company Introduction and Business Overview:
Marriott International, founded in 1927 and headquartered in the United States, is the world’s largest hotel company. It operates and franchises a broad portfolio of hotels and lodging facilities across the globe. With over 7,000 properties under 30 major brands, Marriott International offers a wide range of services, from luxury resorts to budget-friendly accommodations. The company’s success is attributed to its strategic expansion, innovative marketing strategies, and commitment to customer satisfaction.
Products Offered:
Marriott International offers a variety of hotel gift cards that cater to different customer preferences. These gift cards can be used for various services, including accommodations, spa treatments, dining experiences, and golf courses. The company provides both physical and digital gift cards, allowing customers the flexibility to choose their preferred method of purchase and redemption. Additionally, Marriott’s gift cards are accepted at all of its properties worldwide, making them an attractive option for travelers seeking a seamless and convenient experience.
Sales Revenue in the Latest Year:
In the latest year, Marriott International’s hotel gift cards generated significant revenue, reflecting the company’s strong market position and brand loyalty. The sales revenue from hotel gift cards was approximately $126.53 million USD. This revenue is a testament to the company’s ability to maintain a steady demand for its gift cards, driven by its extensive network of hotels and the diverse range of services it offers.
7.2 Expedia Group
Company Introduction and Business Overview:
Expedia Group, established in 1996 and based in the United States, is a leading online travel platform that provides a wide range of travel-related services. The company operates several well-known brands, including Expedia, Hotels.com, and Vrbo. Expedia Group’s primary focus is on facilitating travel bookings, including flights, hotels, and vacation rentals. Its extensive database and advanced technology enable customers to find the best travel deals and options tailored to their preferences.
Products Offered:
Expedia Group offers a comprehensive range of hotel gift cards through its various platforms. These gift cards can be used to book accommodations at over 500,000 properties worldwide, including major hotel chains, resorts, vacation rentals, and private residences. The company’s gift cards are available in various denominations, providing customers with the flexibility to choose the amount that suits their needs. Additionally, Expedia’s gift cards have no expiration date, making them a convenient and reliable option for both personal and corporate use.
Sales Revenue in the Latest Year:
The sales revenue from Expedia Group’s hotel gift cards in the latest year was approximately $87.32 million USD. This revenue highlights the company’s strong presence in the market and its ability to attract customers through its extensive network of travel options and competitive pricing. Expedia Group’s strategic partnerships with various hotel chains and its focus on customer satisfaction have contributed to the consistent demand for its gift cards.
7.3 Hilton
Company Introduction and Business Overview:
Hilton, founded in 1919 and headquartered in the United States, is one of the largest and most recognized hotel chains in the world. With over 6,000 properties across 118 countries, Hilton offers a diverse range of accommodations, from luxury hotels to budget-friendly options. The company’s success is attributed to its commitment to quality, innovation, and customer service. Hilton has consistently expanded its portfolio through strategic acquisitions and the development of new properties, solidifying its position as a leading player in the hotel industry.
Products Offered:
Hilton offers a variety of hotel gift cards that can be used at any of its properties worldwide. These gift cards provide customers with the flexibility to enjoy various services, including accommodations, dining, spa treatments, and golf courses. Hilton’s gift cards are available in multiple denominations, allowing customers to choose the amount that best suits their needs. Additionally, the company offers both physical and digital gift cards, providing convenience and accessibility to its customers.
Sales Revenue in the Latest Year:
In the latest year, Hilton’s hotel gift cards generated sales revenue of approximately $68.42 million USD. This revenue reflects the company’s strong brand recognition and the appeal of its gift cards to both individual consumers and corporate clients. Hilton’s extensive network of hotels and its focus on providing exceptional experiences have contributed to the consistent demand for its gift cards.