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Asia Pacific Hotel Gift Cards Market

Asia Pacific Hotel Gift Cards Market Based on Product Type (Universal Accepted Open Loop, Hotel Closed Loop); Based on Price Range (Low (0-1000 US$), Medium (1000-3000 US$)); Based on Sales Channel (Online, Offline); Based on End User (Business, Individuals); Based on Application (Holiday Packages, Bar & Spa Services, Sports Activities, Travel & Transportation, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Asia Pacific Hotel Gift Cards Market Size 2023	USD 17,670.86 million
Asia Pacific Hotel Gift Cards Market, CAGR	14.2%
Asia Pacific Hotel Gift Cards Market Size 2032	USD 58,387.70 million

Market Overview

Asia Pacific Hotel Gift Cards market size was valued at USD 17,670.86 million in 2023 and is anticipated to reach USD 58,387.70 million by 2032, at a CAGR of 14.2% during the forecast period (2023-2032).

The Asia Pacific Hotel Gift Cards market is driven by the growing preference for convenient, flexible gifting options and the increasing trend of personalized travel experiences. As disposable incomes rise and consumer spending on travel and leisure activities increases, hotel gift cards have become a popular choice for consumers seeking hassle-free gift solutions. The shift toward digital payments and e-commerce platforms further supports this growth, as consumers opt for online purchases. Additionally, hotel chains are expanding their gift card offerings, allowing for customization and seamless integration with loyalty programs, which boosts customer engagement. The region’s expanding tourism industry, combined with advancements in digital technologies, contributes to the market’s expansion. Moreover, the increasing adoption of hotel gift cards in corporate incentive programs and promotional campaigns strengthens market demand, positioning the market for sustained growth over the forecast period.

The Asia Pacific Hotel Gift Cards market is driven by key players across diverse regions, with major players such as Hyatt, Marriott International, and Taj Hotels leading the market in terms of brand recognition and gift card offerings. These hotel chains offer both physical and digital gift cards, targeting a broad range of consumers from domestic travelers to international tourists. Additionally, platforms like Airbnb and Expedia Group have emerged as significant players, expanding the hotel gift card offerings beyond traditional hotel brands. In Southeast Asia, regional players like ITC Hotels and Woohoo.in are capitalizing on the growing demand for customizable gift card experiences. Furthermore, luxury brands such as The Peninsula Hong Kong, Mandarin Oriental, and The Ritz-Carlton are contributing to the market by offering premium gift card options. As digital payment adoption increases, companies are enhancing their gift card portfolios, integrating them with loyalty programs and promotions to drive customer engagement across the region.

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Market Insights

The Asia Pacific Hotel Gift Cards market was valued at USD 17,670.86 million in 2023 and is projected to reach USD 58,387.70 million by 2032, growing at a CAGR of 14.2% during the forecast period.
Rising disposable incomes and growing middle-class populations across the region are driving the demand for flexible travel gift options.
The increasing shift towards digital and contactless payments is fueling the growth of digital hotel gift cards.
Personalization and customization of gift cards are becoming key trends, allowing consumers to tailor their gift experiences.
Companies like Hyatt, Marriott International, and Airbnb are dominating the market, offering extensive gift card options across various price ranges.
Market restraints include security concerns related to fraud and limited awareness in some regions.
Regional growth is driven by strong tourism in China, Japan, and Southeast Asia, with expanding adoption in countries like India and Australia.

Market Drivers

Expansion of Hotel Chains and Loyalty Programs

Hotel chains across Asia Pacific are increasingly focusing on expanding their gift card offerings as part of their broader customer engagement strategies. Many hotel brands are now offering customizable gift cards that can be tailored to individual preferences, allowing for more personalized gifting experiences. For example, customer loyalty programs integrated with gift cards have shown to enhance customer retention and satisfaction, as consumers can earn rewards points with each purchase and redemption. This synergy between gift cards and loyalty programs enhances customer retention and satisfaction, contributing to the growing demand for hotel gift cards. Hotels are also leveraging gift cards as part of their promotional campaigns, incentivizing customers to make purchases and driving further market adoption.

Growing Demand for Flexible Gifting Options

The increasing preference for convenient and flexible gifting options is one of the primary drivers behind the growth of the Asia Pacific Hotel Gift Cards market. Consumers are increasingly seeking alternatives to traditional gifts, and hotel gift cards offer a practical solution that allows recipients to choose from a wide range of accommodations, services, and experiences. This flexibility makes hotel gift cards an attractive option for various occasions, including birthdays, holidays, and corporate incentives. As the demand for personalized gifts rises, hotel gift cards provide the perfect way to cater to diverse consumer preferences, thereby driving market expansion.

Rise in Disposable Income and Consumer Spending

As disposable incomes rise across the Asia Pacific region, more consumers are allocating funds for leisure and travel experiences. This has led to an increase in demand for hotel accommodations and related services, further propelling the adoption of hotel gift cards. With growing financial stability, consumers are more willing to spend on premium travel experiences, making hotel gift cards an ideal solution for accessing luxury and boutique hotels. Moreover, the increasing middle-class population in emerging markets, such as China and India, is contributing to the heightened spending on travel, which ultimately boosts the market for hotel gift cards.

Digital Payment and E-Commerce Integration

The shift toward digital payment solutions and e-commerce platforms has played a crucial role in the growth of the Asia Pacific Hotel Gift Cards market. As consumers increasingly embrace digital payments, the ease of purchasing gift cards online has led to a surge in sales. The convenience of making purchases via mobile apps and websites has attracted tech-savvy consumers who prefer quick and seamless transactions. Hotel gift cards are now available through multiple digital channels, making them more accessible to a broader audience. The ability to buy and redeem these cards online or through mobile devices also appeals to younger, digitally native consumers, further driving market growth.

Market Trends

Digital and Contactless Payment Trends

A prominent trend in the Asia Pacific Hotel Gift Cards market is the shift toward digital and contactless payment methods. With the growing adoption of smartphones and digital wallets, consumers increasingly prefer to buy and redeem hotel gift cards through mobile apps or online platforms. Digital gift cards offer convenience, especially in a region where mobile payments are widely used. For instance, countries like China and Japan have seen significant adoption of mobile payment platforms, which has facilitated the use of digital gift cards. The integration of contactless payment features enhances the customer experience by enabling quick and secure transactions. As the demand for contactless solutions rises, hotel gift cards are adapting to this trend, offering more accessible and efficient ways for consumers to engage with the market.

Personalization and Customization

Personalization is a key trend shaping the Asia Pacific Hotel Gift Cards market. Hotel chains are offering customers the ability to customize their gift cards, tailoring them to specific occasions or preferences. This includes the option to add personalized messages, select specific values, or choose between different design themes. Additionally, many hotel brands are allowing customers to combine gift cards with exclusive services or experiences, such as spa treatments or dining credits, to make the gift more unique. The focus on personalized offerings enhances the perceived value of hotel gift cards and appeals to a wider demographic seeking bespoke gifting solutions.

Integration with Loyalty Programs and Promotions

Another significant trend is the integration of hotel gift cards with loyalty programs and promotional campaigns. Many hotel brands are linking gift cards to their reward systems, allowing customers to earn points or redeem them for exclusive benefits. This trend enhances the attractiveness of hotel gift cards, as consumers can gain additional value by combining gift cards with their loyalty memberships. Furthermore, hotels are increasingly using gift cards as part of promotional campaigns, offering them as incentives for bookings or for customer referrals. These initiatives not only increase sales but also help strengthen customer loyalty, making gift cards a powerful marketing tool.

Corporate Gifting and Incentive Programs

The trend of using hotel gift cards for corporate gifting and incentive programs is also gaining traction in the Asia Pacific region. As businesses seek to motivate employees and recognize achievements, hotel gift cards provide a flexible and appealing reward option. Companies are increasingly using these cards as part of their employee recognition programs, conference gifts, or as part of customer appreciation strategies. Hotel gift cards are also becoming a popular choice for incentive travel programs, offering employees and clients the opportunity to choose their own accommodations and experiences. This trend is driving the growth of the market, as businesses continue to see the value of offering memorable travel-related rewards

Market Challenges Analysis

Fraud and Security Concerns

One of the key challenges facing the Asia Pacific Hotel Gift Cards market is the risk of fraud and security breaches. As the popularity of digital gift cards grows, so does the potential for cybercrime and unauthorized access. Fraudsters may exploit vulnerabilities in digital platforms, leading to unauthorized transactions or the theft of card information. For both consumers and hotel brands, ensuring secure transactions and safeguarding sensitive data are critical to maintaining trust in hotel gift card offerings. Additionally, the rise of counterfeit physical cards poses another challenge, requiring enhanced security measures such as digital verification and anti-fraud technologies to protect both consumers and businesses.

Limited Awareness and Acceptance in Some Markets

In certain Asia Pacific markets, hotel gift cards are still relatively new, and there may be limited awareness or understanding of how they work. In regions with lower familiarity with gift card systems, consumers may be hesitant to adopt this method of payment. For example, in some rural or less-developed areas, the lack of infrastructure for digital payments and cashless transactions hampers the widespread adoption of gift cards. Moreover, some hotels may not fully integrate gift cards into their operations or loyalty programs, limiting their appeal and potential usage. The lack of widespread acceptance and understanding can slow down the market’s growth in these areas. To overcome this, hotel brands need to invest in consumer education and develop stronger partnerships with payment processors to ensure smoother adoption across diverse markets.

Market Opportunities

The Asia Pacific Hotel Gift Cards market presents significant opportunities due to the region’s growing tourism and hospitality industries. With the increasing number of travelers, both domestic and international, hotels can capitalize on the demand for flexible and convenient gift options. As consumers seek personalized travel experiences, hotel gift cards provide a unique solution that allows recipients to choose accommodations, services, or experiences that best suit their preferences. The growing trend of experiential gifting, where consumers prefer gifts that offer memorable experiences over material goods, further supports the expansion of the hotel gift cards market. Hotels can leverage this trend by offering customized packages, including exclusive services such as spa treatments, dining experiences, or adventure activities, which can be redeemed through gift cards.

Another opportunity lies in the growing acceptance of digital payment systems and the shift toward e-commerce. As mobile wallets and online transactions continue to gain popularity, the demand for digital hotel gift cards is expected to rise. Integrating gift cards with mobile apps and loyalty programs offers an enhanced customer experience, attracting tech-savvy consumers. Additionally, corporate gifting represents a lucrative market for hotel gift cards, as businesses increasingly use them for employee incentives, client appreciation, or event-related gifts. By promoting hotel gift cards through online platforms and targeted marketing campaigns, hotels can capture a broader audience, including international customers who may prefer the ease and convenience of purchasing gift cards digitally. This growing trend of digital engagement provides ample opportunities for hotel brands to expand their reach and boost sales in both domestic and international markets.

Market Segmentation Analysis:

By Product Type:

The Asia Pacific Hotel Gift Cards market is segmented by product type into Universal Accepted Open Loop and Hotel Closed Loop cards. Universal Accepted Open Loop gift cards are designed for use across various hotel brands, offering consumers flexibility in choosing from a wide range of accommodations. These cards are typically used for broader travel purposes and are widely accepted, making them a preferred choice for frequent travelers who want the freedom to redeem them at different locations. On the other hand, Hotel Closed Loop gift cards are specific to a single hotel chain or brand, offering a more personalized experience. These cards often come with added benefits such as loyalty points or discounts when used within the same hotel network. While Hotel Closed Loop cards are more popular among loyal customers, the Universal Accepted Open Loop cards cater to a larger segment of the market, attracting those who prefer variety and flexibility in their travel options.

By Price Range:

The market is also segmented based on price range into Low (0-1000 US$) and Medium (1000-3000 US$) categories. Low-priced hotel gift cards are generally more affordable and accessible to a wide consumer base, making them suitable for casual travelers or as small gifts. These cards are typically used for shorter stays, budget accommodations, or specific services within a hotel, such as dining or spa treatments. Medium-priced gift cards cater to a more affluent demographic, appealing to consumers seeking higher-end experiences, such as luxury hotel stays or exclusive services. With rising disposable incomes in the Asia Pacific region, there is a growing demand for medium-priced hotel gift cards, as more consumers are willing to invest in premium travel experiences. These cards provide consumers with the flexibility to access a broader range of upscale services, further driving the market’s growth.

Segments:

Based on Product Type:

Universal Accepted Open Loop
Hotel Closed Loop

Based on Price Range:

Low (0-1000 US$)
Medium (1000-3000 US$)

Based on Sales Channel:

Online
Offline

Based on End User:

Business
Individuals

Based on Application:

Holiday Packages
Bar & Spa Services
Sports Activities
Travel & Transportation
Others

Based on the Geography:

China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific

Regional Analysis

China

China holds the largest market share, accounting for approximately 30% of the total market in 2023. This growth is attributed to the country’s expanding middle class, increasing travel frequency, and rising disposable incomes. The growing trend of e-commerce and digital payment solutions also supports the surge in digital gift card adoption, particularly among younger, tech-savvy consumers. Japan follows closely with a 25% market share, driven by its strong tourism sector and the increasing preference for personalized travel experiences. Both countries are seeing increased integration of hotel gift cards into loyalty programs, making them an attractive option for frequent travelers.

South Korea and India

South Korea and India present emerging opportunities within the Asia Pacific Hotel Gift Cards market. South Korea holds a 15% market share, driven by a robust tourism industry and growing interest in gift cards as part of corporate incentive programs. The rise of online booking platforms and digital wallets has made purchasing hotel gift cards more accessible for consumers, boosting their popularity. India, with a market share of around 10%, is seeing rapid adoption of hotel gift cards, particularly due to its expanding middle class and an increase in domestic and international travel. The growing adoption of online payment methods and the tourism sector’s development are key drivers of the market’s growth in India.

Australia and Southeast Asia

Australia and Southeast Asia are also significant contributors to the Asia Pacific market. Australia holds a market share of 8%, largely driven by high consumer spending on leisure and travel experiences, with hotel gift cards becoming a popular option for both domestic and international travelers. In Southeast Asia, including Thailand, Indonesia, Vietnam, Malaysia, and the Philippines, the market share is approximately 12%. The growth in this region is fueled by the rise in tourism, particularly inbound travel from other parts of Asia and beyond. The increasing popularity of digital gift cards and the ease of purchasing through e-commerce platforms are helping to drive adoption in countries like Thailand and Indonesia.

Rest of Asia Pacific

The Rest of Asia Pacific, which includes Taiwan and other smaller markets, accounts for approximately 10% of the total market share. Despite its smaller share, this region is seeing gradual growth in hotel gift card adoption, particularly as travel and hospitality sectors expand. Increasingly, businesses in these regions are leveraging gift cards as part of loyalty programs and promotional offers to engage consumers. The trend toward digital payments and e-commerce platforms is also helping to drive market expansion in these areas.

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Key Player Analysis

Hyatt
Airbnb
Expedia Group
Taj Hotels
Marriott International
Radisson Hotel Group
Woohoo.in
ITC Hotels
The Peninsula Hong Kong
Mandarin Oriental
The Ritz-Carlton
Amazon.com, Inc.
Gifting Owl
Paséa Hotel & Spa
Rydges
Others

Competitive Analysis

The Asia Pacific Hotel Gift Cards market is highly competitive, with several leading players offering diverse gift card options to cater to the growing demand. Key players such as Hyatt, Airbnb, Expedia Group, Taj Hotels, Marriott International, Radisson Hotel Group, Woohoo.in, ITC Hotels, The Peninsula Hong Kong, Mandarin Oriental, The Ritz-Carlton, Amazon.com, Inc., Gifting Owl, Paséa Hotel & Spa, and Rydges are prominent contributors to the market. For instance, many hotels are integrating loyalty programs with gift cards, which enhances customer engagement and fosters brand loyalty. These companies leverage their established brand recognition and extensive customer bases to offer both physical and digital hotel gift cards, meeting the preferences of a wide range of consumers. Leading players differentiate themselves through a variety of strategies, including the integration of loyalty programs with gift cards, which enhances customer engagement and fosters brand loyalty. Companies are increasingly offering both physical and digital gift card options to meet the preferences of different consumer segments. Digital cards, in particular, are gaining popularity due to their convenience and alignment with the growing trend of contactless payments. The introduction of customizable and personalized gift card options has further fueled competition, as it allows consumers to tailor their gift experiences, making them more attractive for both personal gifting and corporate incentives. Luxury hotels and boutique chains are also capitalizing on the market by offering premium gift cards that provide access to exclusive services, such as spa treatments, gourmet dining, and personalized travel experiences. Meanwhile, regional players are focusing on local market needs by offering competitive pricing, catering to domestic travelers, and providing more affordable options. The diversity of offerings and flexibility in redemption options are key factors that drive the competitive dynamics of this market, with brands continually innovating to maintain their market position and attract a broader consumer base.

Recent Developments

In November 2024, Four Seasons Silicon Valley highlighted their gift cards as a way to give unforgettable experiences, such as exceptional stays, wellness treatments, and dining.
In October 2024, Four Seasons Hotels and Resorts promoted their gift cards as a versatile gift option, redeemable at any Four Seasons location.
In September 2024, the Marriott Bonvoy HDFC Bank Credit Card offered a limited-time INR 1,500 gift voucher for new cardholders on their first spend and enrollment.
In March 2024, Hyatt implemented hotel category adjustments that impact the number of points required for free night redemptions.

Market Concentration & Characteristics

The Asia Pacific Hotel Gift Cards market is moderately concentrated, with a mix of global hotel chains and regional players competing for market share. While leading international hotel brands dominate the market, regional players are increasingly gaining traction by offering tailored, localized options that cater to specific customer needs. The market is characterized by a high level of product differentiation, with companies offering both physical and digital gift cards to meet the preferences of diverse consumer segments. Digital gift cards are particularly popular due to the increasing adoption of e-commerce and mobile payments, making them more accessible to tech-savvy consumers. Furthermore, personalization is a key characteristic of this market, with many brands offering customizable gift cards that can be redeemed for various services beyond accommodation, such as dining, spa treatments, or leisure activities. The market is evolving with a growing focus on customer convenience, loyalty programs, and seamless redemption experiences across both online and offline platforms.

Report Coverage

The research report offers an in-depth analysis based on Product Type, Price Range, Sales Channel, End User, Application and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Asia Pacific Hotel Gift Cards market is expected to continue its strong growth, driven by rising disposable incomes and increasing travel demand.
Digital gift cards will dominate the market, with more consumers preferring the convenience and flexibility of online transactions.
Personalization and customization of gift cards will become key differentiators, offering tailored experiences for consumers.
Integration with loyalty programs will increase, enhancing customer engagement and brand loyalty for hotel chains.
Corporate gifting will expand as businesses increasingly use hotel gift cards for employee rewards and client incentives.
The growth of e-commerce platforms and mobile payment systems will further boost the adoption of digital hotel gift cards.
Luxury and boutique hotels will continue to offer premium gift card options, catering to high-end consumers seeking exclusive experiences.
Regional players will gain more market share by offering localized gift card solutions tailored to domestic travelers.
The rise of experiential gifting, where consumers opt for unique travel and accommodation experiences, will further fuel market demand.
Partnerships between hotels and online platforms or third-party vendors will expand the reach of hotel gift cards to new customer segments.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Asia Pacific Hotel Gift Cards Market Snapshot 21

2.1.1. Asia Pacific Hotel Gift Cards Market, 2018 – 2032 (USD Million) 22

2.1. Insights from Primary Respondents 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : HOTEL GIFT CARDS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Driving Factor 1 Analysis 25

4.2.2. Driving Factor 2 Analysis 26

4.3. Market Restraints 27

4.3.1. Restraining Factor Analysis 27

4.4. Market Opportunities 28

4.4.1. Market Opportunity Analysis 28

4.5. Porter’s Five Force analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 31

5.1. Company Market Share Analysis – 2023 31

5.1.1. Asia Pacific Hotel Gift Cards Market: Company Market Share, by Revenue, 2023 31

5.1.2. Asia Pacific Hotel Gift Cards Market: Top 6 Company Market Share, by Revenue, 2023 31

5.1.3. Asia Pacific Hotel Gift Cards Market: Top 3 Company Market Share, by Revenue, 2023 32

5.2. Asia Pacific Hotel Gift Cards Market Company Revenue Market Share, 2023 33

5.3. Company Assessment Metrics, 2023 34

5.3.1. Stars 34

5.3.2. Emerging Leaders 34

5.3.3. Pervasive Players 34

5.3.4. Participants 34

5.4. Start-ups /Individuals Assessment Metrics, 2023 34

5.4.1. Progressive Companies 34

5.4.2. Responsive Companies 34

5.4.3. Dynamic Companies 34

5.4.4. Starting Blocks 34

5.5. Strategic Developments 35

5.5.1. Acquisitions & Mergers 35

New Price Range Launch 35

Regional Expansion 35

5.6. Key Players Price Range Matrix 36

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 37

6.1. PESTEL 37

6.1.1. Political Factors 37

6.1.2. Economic Factors 37

6.1.3. Social Factors 37

6.1.4. Technological Factors 37

6.1.5. Environmental Factors 37

6.1.6. Legal Factors 37

6.2. Adjacent Market Analysis 37

CHAPTER NO. 7 : HOTEL GIFT CARDS MARKET – BY PRODUCT TYPE SEGMENT ANALYSIS 38

7.1. Hotel Gift Cards Market Overview, by Product Type Segment 38

7.1.1. Hotel Gift Cards Market Revenue Share, By Product Type, 2023 & 2032 39

7.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Product Type 40

7.1.3. Incremental Revenue Growth Opportunity, by Product Type, 2024 – 2032 40

7.1.4. Hotel Gift Cards Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

7.2. Universal Accepted Open Loop 42

7.3. Hotel Closed Loop 43

CHAPTER NO. 8 : HOTEL GIFT CARDS MARKET – BY PRICE RANGE SEGMENT ANALYSIS 44

8.1. Hotel Gift Cards Market Overview, by Price Range Segment 44

8.1.1. Hotel Gift Cards Market Revenue Share, By Price Range, 2023 & 2032 45

8.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Price Range 46

8.1.3. Incremental Revenue Growth Opportunity, by Price Range, 2024 – 2032 46

8.1.4. Hotel Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032 47

8.2. Low (0-1000 US$) 48

8.3. Medium (1000-3000 US$) 49

CHAPTER NO. 9 : HOTEL GIFT CARDS MARKET – BY SALES CHANNEL SEGMENT ANALYSIS 50

9.1. Hotel Gift Cards Market Overview, by Sales Channel Segment 50

9.1.1. Hotel Gift Cards Market Revenue Share, By Sales Channel, 2023 & 2032 51

9.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Sales Channel 52

9.1.3. Incremental Revenue Growth Opportunity, by Sales Channel, 2024 – 2032 52

9.1.4. Hotel Gift Cards Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 53

9.2. Online 54

9.3. Offline 55

CHAPTER NO. 10 : HOTEL GIFT CARDS MARKET – BY END USER SEGMENT ANALYSIS 56

10.1. Hotel Gift Cards Market Overview, by End User Segment 56

10.1.1. Hotel Gift Cards Market Revenue Share, By End User, 2023 & 2032 57

10.1.2. Hotel Gift Cards Market Attractiveness Analysis, By End User 58

10.1.3. Incremental Revenue Growth Opportunity, by End User, 2024 – 2032 58

10.1.4. Hotel Gift Cards Market Revenue, By End User, 2018, 2023, 2027 & 2032 59

10.2. Business 60

10.3. Individuals 61

CHAPTER NO. 11 : HOTEL GIFT CARDS MARKET – BY APPLICATION SEGMENT ANALYSIS 62

11.1. Hotel Gift Cards Market Overview, by Application Segment 62

11.1.1. Hotel Gift Cards Market Revenue Share, By Application, 2023 & 2032 63

11.1.2. Hotel Gift Cards Market Attractiveness Analysis, By Application 64

11.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 64

11.1.4. Hotel Gift Cards Market Revenue, By Application, 2018, 2023, 2027 & 2032 65

11.2. Holiday Packages 66

11.3. Bar & Spa Services 67

11.4. Sports Activities 68

11.5. Travel & Transportation 69

11.6. Others 70

CHAPTER NO. 12 : HOTEL GIFT CARDS MARKET – ASIA PACIFIC 71

12.1. Asia Pacific 71

12.1.1. Key Highlights 71

12.1.2. Asia Pacific Hotel Gift Cards Market Revenue, By Country, 2018 – 2023 (USD Million) 72

12.2. Product Type 73

12.3. Asia Pacific Hotel Gift Cards Market Revenue, By Product Type, 2018 – 2023 (USD Million) 73

12.4. Asia Pacific Hotel Gift Cards Market Revenue, By Product Type, 2024 – 2032 (USD Million) 73

12.5. Price Range 74

12.6. Asia Pacific Hotel Gift Cards Market Revenue, By Price Range, 2018 – 2023 (USD Million) 74

12.6.1. Asia Pacific Hotel Gift Cards Market Revenue, By Price Range, 2024 – 2032 (USD Million) 74

12.7. Sales Channel 75

12.8. Asia Pacific Hotel Gift Cards Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 75

12.8.1. Asia Pacific Hotel Gift Cards Market Revenue, By Sales Channel, 2024 – 2032 (USD Million) 75

12.9. End User 76

12.9.1. Asia Pacific Hotel Gift Cards Market Revenue, By End User, 2018 – 2023 (USD Million) 76

12.9.2. Asia Pacific Hotel Gift Cards Market Revenue, By End User, 2024 – 2032 (USD Million) 76

12.10. Application 77

12.10.1. Asia Pacific Hotel Gift Cards Market Revenue, By Application, 2018 – 2023 (USD Million) 77

12.10.2. Asia Pacific Hotel Gift Cards Market Revenue, By Application, 2024 – 2032 (USD Million) 77

12.11. China 78

12.12. Japan 78

12.13. South Korea 78

12.14. India 78

12.15. Australia 78

12.16. Thailand 78

12.17. Indonesia 78

12.18. Vietnam 78

12.19. Malaysia 78

12.20. Philippines 78

12.21. Taiwan 78

12.22. Rest of Asia Pacific 78

CHAPTER NO. 13 : COMPANY PROFILES 79

13.1. Hyatt 79

13.1.1. Company Overview 79

13.1.2. Price Range Portfolio 79

13.1.3. Swot Analysis 79

13.1.4. Business Strategy 80

13.1.5. Financial Overview 80

13.2. Airbnb 81

13.3. Expedia Group 81

13.4. Taj Hotels 81

13.5. Marriot International 81

13.6. Radisson Hotel Group 81

13.7. Woohoo.in 81

13.8. ITC Hotels 81

13.9. The Peninsula Hong Kong 81

13.10. Mandarin Oriental 81

13.11. The Ritz-Carlton 81

13.12. Amazon.com, Inc. 81

13.13. Gifting Owl 81

13.14. Paséa Hotel & Spa 81

13.15. Rydges 81

13.16. Others 81

List of Figures

FIG NO. 1. Asia Pacific Hotel Gift Cards Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for Asia Pacific Hotel Gift Cards Market 29

FIG NO. 3. Company Share Analysis, 2023 31

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 32

FIG NO. 6. Hotel Gift Cards Market – Company Revenue Market Share, 2023 33

FIG NO. 7. Hotel Gift Cards Market Revenue Share, By Product Type, 2023 & 2032 39

FIG NO. 8. Market Attractiveness Analysis, By Product Type 40

FIG NO. 9. Incremental Revenue Growth Opportunity by Product Type, 2024 – 2032 40

FIG NO. 10. Hotel Gift Cards Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

FIG NO. 11. Asia Pacific Hotel Gift Cards Market for Universal Accepted Open Loop, Revenue (USD Million) 2018 – 2032 42

FIG NO. 12. Asia Pacific Hotel Gift Cards Market for Hotel Closed Loop, Revenue (USD Million) 2018 – 2032 43

FIG NO. 13. Hotel Gift Cards Market Revenue Share, By Price Range, 2023 & 2032 45

FIG NO. 14. Market Attractiveness Analysis, By Price Range 46

FIG NO. 15. Incremental Revenue Growth Opportunity by Price Range, 2024 – 2032 46

FIG NO. 16. Hotel Gift Cards Market Revenue, By Price Range, 2018, 2023, 2027 & 2032 47

FIG NO. 17. Asia Pacific Hotel Gift Cards Market for Low (0-1000 US$), Revenue (USD Million) 2018 – 2032 48

FIG NO. 18. Asia Pacific Hotel Gift Cards Market for Medium (1000-3000 US$), Revenue (USD Million) 2018 – 2032 49

FIG NO. 19. Hotel Gift Cards Market Revenue Share, By Sales Channel, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Sales Channel 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Sales Channel, 2024 – 2032 52

FIG NO. 22. Hotel Gift Cards Market Revenue, By Sales Channel, 2018, 2023, 2027 & 2032 53

FIG NO. 23. Asia Pacific Hotel Gift Cards Market for Online, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Asia Pacific Hotel Gift Cards Market for Offline, Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Hotel Gift Cards Market Revenue Share, By End User, 2023 & 2032 57

FIG NO. 26. Market Attractiveness Analysis, By End User 58

FIG NO. 27. Incremental Revenue Growth Opportunity by End User, 2024 – 2032 58

FIG NO. 28. Hotel Gift Cards Market Revenue, By End User, 2018, 2023, 2027 & 2032 59

FIG NO. 29. Asia Pacific Hotel Gift Cards Market for Business, Revenue (USD Million) 2018 – 2032 60

FIG NO. 30. Asia Pacific Hotel Gift Cards Market for Individuals, Revenue (USD Million) 2018 – 2032 61

FIG NO. 31. Hotel Gift Cards Market Revenue Share, By Application, 2023 & 2032 63

FIG NO. 32. Market Attractiveness Analysis, By Application 64

FIG NO. 33. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 64

FIG NO. 34. Hotel Gift Cards Market Revenue, By Application, 2018, 2023, 2027 & 2032 65

FIG NO. 35. Asia Pacific Hotel Gift Cards Market for Holiday Packages, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. Asia Pacific Hotel Gift Cards Market for Bar & Spa Services, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. Asia Pacific Hotel Gift Cards Market for Sports Activities, Revenue (USD Million) 2018 – 2032 68

FIG NO. 38. Asia Pacific Hotel Gift Cards Market for Travel & Transportation, Revenue (USD Million) 2018 – 2032 69

FIG NO. 39. Asia Pacific Hotel Gift Cards Market for Others, Revenue (USD Million) 2018 – 2032 70

FIG NO. 40. Asia Pacific Hotel Gift Cards Market Revenue, 2018 – 2032 (USD Million) 71

List of Tables

TABLE NO. 1. : Asia Pacific Hotel Gift Cards Market: Snapshot 21

TABLE NO. 2. : Drivers for the Hotel Gift Cards Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Hotel Gift Cards Market: Impact Analysis 27

TABLE NO. 4. : Asia Pacific Hotel Gift Cards Market Revenue, By Country, 2018 – 2023 (USD Million) 72

TABLE NO. 5. : Asia Pacific Hotel Gift Cards Market Revenue, By Country, 2024 – 2032 (USD Million) 72

TABLE NO. 6. : Asia Pacific Hotel Gift Cards Market Revenue, By Product Type, 2018 – 2023 (USD Million) 73

TABLE NO. 7. : Asia Pacific Hotel Gift Cards Market Revenue, By Product Type, 2024 – 2032 (USD Million) 73

TABLE NO. 8. : Asia Pacific Hotel Gift Cards Market Revenue, By Price Range, 2018 – 2023 (USD Million) 74

TABLE NO. 9. : Asia Pacific Hotel Gift Cards Market Revenue, By Price Range, 2024 – 2032 (USD Million) 74

TABLE NO. 10. : Asia Pacific Hotel Gift Cards Market Revenue, By Sales Channel, 2018 – 2023 (USD Million) 75

TABLE NO. 11. : Asia Pacific Hotel Gift Cards Market Revenue, By Sales Channel, 2024 – 2032 (USD Million) 75

TABLE NO. 12. : Asia Pacific Hotel Gift Cards Market Revenue, By End User, 2018 – 2023 (USD Million) 76

TABLE NO. 13. : Asia Pacific Hotel Gift Cards Market Revenue, By End User, 2024 – 2032 (USD Million) 76

TABLE NO. 14. : Asia Pacific Hotel Gift Cards Market Revenue, By Application, 2018 – 2023 (USD Million) 77

TABLE NO. 15. : Asia Pacific Hotel Gift Cards Market Revenue, By Application, 2024 – 2032 (USD Million) 77

Frequently Asked Questions

What is the current size of the Asia Pacific Hotel Gift Cards market?

The Asia Pacific Hotel Gift Cards market was valued at USD 17,670.86 million in 2023 and is projected to reach USD 58,387.70 million by 2032, growing at a CAGR of 14.2% during the forecast period.

What factors are driving the growth of the Asia Pacific Hotel Gift Cards market?

The market is driven by increasing disposable incomes, rising consumer spending on travel, and a growing preference for flexible and digital gifting options. The shift towards online payments, integration with loyalty programs, and expansion of corporate incentive programs further support market growth.

What are some challenges faced by the Asia Pacific Hotel Gift Cards market?

Challenges include security concerns related to fraud, limited awareness in certain regions, and the lack of full integration of hotel gift cards into loyalty programs. Additionally, counterfeit gift cards and cybersecurity risks pose threats to market growth.

Who are the major players in the Asia Pacific Hotel Gift Cards market?

Key players include Hyatt, Airbnb, Expedia Group, Taj Hotels, Marriott International, Radisson Hotel Group, Woohoo.in, ITC Hotels, The Peninsula Hong Kong, Mandarin Oriental, The Ritz-Carlton, Amazon.com, Gifting Owl, Paséa Hotel & Spa, and Rydges.

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