Key regions: Vietnam, Indonesia, United Kingdom, Malaysia, Saudi Arabia
The Hotels market in Moldova has been experiencing steady growth in recent years, driven by various factors that have influenced customer preferences and market trends.
Customer preferences: Customers in Moldova are increasingly seeking unique and personalized experiences when choosing hotels. They are looking for accommodations that offer not only comfort and convenience but also authentic local charm and cultural experiences. This shift in preferences has led to a rise in demand for boutique hotels, eco-friendly properties, and establishments that showcase the rich cultural heritage of Moldova.
Trends in the market: One of the notable trends in the Hotels market in Moldova is the growing popularity of agrotourism and rural accommodations. Tourists are showing interest in exploring the picturesque countryside and engaging in activities such as wine tasting, farm stays, and traditional craft workshops. This trend has created opportunities for small guesthouses and family-run establishments to thrive, offering visitors a chance to experience the authentic rural life of Moldova.
Local special circumstances: Moldova's unique position as a wine-producing country has had a significant impact on the Hotels market. The wine tourism sector is rapidly growing, attracting both domestic and international visitors to explore the vineyards, wineries, and wine cellars scattered across the country. Many hotels in Moldova now offer wine-related experiences, such as vineyard tours, wine tastings, and grape harvest festivals, catering to the preferences of wine enthusiasts and cultural travelers.
Underlying macroeconomic factors: The Hotels market in Moldova is also influenced by macroeconomic factors such as government initiatives to boost tourism, infrastructure development, and foreign investment in the hospitality sector. The country's strategic location between Europe and Asia, coupled with its visa-free access for many nationalities, has contributed to an increase in tourist arrivals and hotel occupancy rates. Additionally, the growing middle class and rising disposable incomes in Moldova have fueled domestic tourism and staycations, supporting the growth of the local Hotels market.
Data coverage:
The data encompasses B2C enterprises. Figures are based on bookings, revenues, and sales channels of hotels.Modeling approach:
Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, the Global Consumer Survey, third-party studies and reports, data from industry associations (e.g., UNWTO), and price data of major players in respective markets. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as country-related GDP, demographic data (e.g., population), tourism spending, consumer spending, internet penetration, and device penetration. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, and exponential trend smoothing methods are applied. A k-means cluster analysis allows for the estimation of similar countries. The main drivers are tourism GDP per capita and respective price indices.Additional notes:
The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
