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Pet Lodging Market

The Market Study on Pet Lodging by PMR Foresees Various Opportunities, analyzing factors such as the upward trajectory of pet ownership, a heightened demand for premium pet services, and an increased focus on pet well-being and convenience

A Detailed Analysis of the Pet Lodging Market is currently undergoing robust growth, fueled by the rising trend of pet ownership, an increasing demand for premium pet care services, and a growing awareness of the significance of pet well-being

Pet Lodging Market

The global pet lodging market is forecasted to expand at a CAGR of 6.1% and thereby increase from US$ 3.9Bn in 2023 to US$ 5.9Bn by the end of 2030.

Attributes

Key Insights

Pet Lodging Market Size (2023E)

US$ 3.9Bn

Projected Market Value (2030F)

US$ 5.9Bn

Global Market Growth Rate (CAGR 2023 to 2030)

6.1%

Historical Market Growth Rate (CAGR 2018 to 2022)

5.7%

Revenue Share of Top Four Countries (2022E)

45%

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Market Introduction and Definition

Pet lodging is the sector that offers provision of care and temporary housing for animals in situations where their proprietors are incapable of attending to their well-being. This service comprises an assortment of establishments, such as pet hotels, kennels, and lodging facilities, wherein animals are provided with adequate care, nourishment, and frequently, opportunities for leisurely pursuits. Pet lodging is an establishment that provides a safe and comfortable environment for a variety of companion animals, including dogs, cats, and other domestic animals, while their owners are away. In response to the rising demand for dependable pet care alternatives by pet owners, the pet lodging industry has expanded substantially and become increasingly diverse to accommodate the varied requirements of pets and their guardians.

Several factors contribute to the expansion of the worldwide pet lodging industry. The increasing prevalence of pet ownership and the changing preferences of pet owners towards superior care services have contributed to the surge in demand for pet lodging facilities. Urbanization, augmented disposable income, and evolving lifestyles have collectively contributed to an elevated propensity among pet guardians to allocate resources toward premium accommodation services for their cherished companions. Furthermore, the increasing recognition of the significance of companion welfare, in conjunction with a focus on convenience, has contributed to the market's expansion. In pet lodging facilities, technological advancements such as real-time monitoring systems and online booking platforms have been instrumental in fostering the industry's global expansion.

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Market Growth Drivers

Burgeoning Phenomenon of Pet Humanization

The burgeoning phenomenon of pet humanization emerges as a significant catalyst for the extraordinary expansion of the worldwide pet lodging industry. Pet humanization pertains to the progressive understanding of companion animals as essential members of the family, as opposed to solitary companions; this has caused a fundamental change in the manner in which pet guardians handle the welfare and maintenance of their fauna. The aforementioned transition has had a substantial influence on the need for superior pet services, such as lodging establishments, as proprietors strive to offer their companions experiences that emulate the degree of attention and care that is customarily designated for their loved ones.

With the increasing integration of pets into the daily routines of households, pet owners are coming to perceive their furry companions as valuable companions and sources of emotional support. The shift in viewpoint has caused heightened anticipations concerning the treatment and maintenance of companion animals, resulting in an upsurge in the need for high-end lodging services. The phenomenon of pet humanization has become evident in the increased propensity of pet owners to invest in facilities that provide a domestic atmosphere, thereby guaranteeing the animals' physical and emotional welfare while they are away. In response, pet lodging establishments have integrated features such as comfortable and ample-sized accommodations, customized feeding schedules, and recreational activities—creating an atmosphere that reflects the affection and focus that pets are accustomed to being in their own homes. The demand to ensure the happiness and health of companion animals has prompted the pet lodging industry to develop and innovate, providing a variety of specialized services to cater to the varied requirements of pet guardians who place a high value on the welfare of their four-footed companions.

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Market Restraints

Influence of Regulatory Hurdles and Standards

A significant impediment to the expansion of the worldwide pet lodging industry is the influence of regulatory hurdles and standards. The pet lodging sector faces a substantial obstacle in the form of diverse regulations and standards that vary across regions and countries, owing to the industry's rapid expansion and diversification. The regulatory framework encompasses various facets, including staff qualifications, hygiene standards, facility licensure, and animal welfare protocols, thereby presenting an intricate course of action for organizations to traverse. In the absence of regular regulations, the quality and safety of companion lodging services may fluctuate, impeding the development of universally accepted best practices. Smaller businesses, in particular, may find it resource-intensive to adhere to a variety of regulations that are at times ambiguous or diverse. This can potentially restrict their capacity to grow or adjust to changing market requirements.

Repercussions of Economic Recessions and Financial Instability

One formidable factor that could potentially disrupt the global pet lodging industry is the repercussions of economic recessions and financial instability. Discretionary spending frequently exerts an impact on the demand for pet lodging services. In times of economic uncertainty or recession, consumers might reduce their expenditures on non-essential items, such as premium pet care services. Pet owners' inclination to allocate funds towards lodging facilities, luxury accommodations, and supplementary services might diminish, as they place greater emphasis on fundamental necessities rather than extravagant spending. A reduction in the frequency and duration of pet travel may result from financial instability, as proprietors may elect to retain their pets at home to cut costs. The decrease in travel can have a direct influence on the utilization of pet lodging services, resulting in a reduction in boarding facility occupancy rates.

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Opportunities

Rising Demand for Specialized and Premium Services

The global pet lodging market is being propelled by an opportunistic factor; the rising demand for specialized and premium services. This demand is fueled by an expanding consciousness regarding pet wellness and the changing preferences of discerning pet owners. With the increasing humanization of companion animals by pet owners, pet lodging facilities are being held to a higher standard of providing specialized services that address the distinct requirements and preferences of each pet, in addition to standard care. This emerging phenomenon offers a highly profitable prospect for the sector to expand its portfolio by incorporating a variety of high-quality services, including customized recreational activities, leisure treatments, and personalized nutrition plans.

Pet owners, motivated by an aspiration to ensure their canines have exceptional experiences, are prepared to allocate financial resources towards premium lodging services that surpass standard offerings. This has resulted in the institution of upscale pet lodging establishments that provide a boutique-like experience for animals while emphasizing comfort, safety, and enrichment. These establishments might feature climate-controlled suites, upscale grooming services, and even events catered to pets. By leveraging the increasing need for specialized and high-quality services, the pet lodging industry can not only satisfy the changing demands of pet guardians but also establish a unique position for itself in a highly competitive market. Capitalizing on this opportunistic force and attracting a niche market segment that desires superior care for their cherished companions requires the industry to innovate and deliver exceptional, one-of-a-kind experiences for pets.

Analyst’s Viewpoint

What do our Analysts Predict for the Future of the Pet Lodging market?

The worldwide pet lodging industry is positioned for substantial expansion, propelled by a convergence of elements that mirror changing consumer preferences, economic conditions, and technological progress. An important factor driving the expansion of the market is the increasing prevalence of companion humanization. The growing recognition among pet owners that their animals are essential members of the family has led to an escalation in the need for specialized and superior pet lodging services. This phenomenon drives market growth by requiring the establishment of amenities and provisions that emulate the degree of attention and care that has conventionally been allocated to human relatives. In the pet lodging industry, the dynamic between manufacturers and consumers is undergoing a transformation that mirrors the more extensive transformation in consumer demands.

Presently, pet guardians require honesty, excellence, and an individualized encounter with their canine companions. To meet these expectations, manufacturers, which in this context include both conventional boarding facilities and online platforms that facilitate pet lodging services, are adapting. Technology integration, including the implementation of real-time monitoring systems and mobile applications that provide customers with updates, creates an immediate and direct link between pet lodging providers and their clientele. Improved communication facilitates manufacturers' ability to accommodate the specific requirements and inclinations of pet owners, thereby stimulating consumer loyalty and trust. It is anticipated that the pet lodging market will experience consistent growth in multiple segments in the foreseeable future. A shift toward premiumization is occurring throughout the pet industry, and this is especially evident in the lodging industry. There is an anticipated increase in demand for premium services, such as upscale lodging, specialized attention, and upscale facilities, among pet owners in search of elevated experiences for their companions.

Supply-side Dynamics

Prominent entities within the fiercely competitive global pet lodging industry consist of firmly established brands like PetSmart, Rover, and Best Friends Pet Care. The geographical reach of these organizations is extensive, as their services span North America, Europe, and Asia-Pacific. As a major player in North America, PetSmart maintains a multitude of pet hotels providing a wide range of lodging options for canines and felines. Rover, an internationally recognized digital platform, facilitates connections between pet owners and reputable pet caretakers and boarding facilities. It meets the growing need for convenient and customized pet lodging services. Best Friends Pet Care, an established entity in the North American region, provides high-end boarding and day-care services, thereby aligning with the prevailing trend of premiumization within the pet lodging industry.

By utilizing technology and placing an emphasis on premium services, the market leaders in pet lodging are actively reshaping the environment. Rover, an online platform, has significantly transformed how pet owners locate and reserve accommodation services, thereby establishing a marketplace that amplifies convenience and accessibility. PetSmart and Best Friends Pet Care have revolutionized the pet lodging industry through their emphasis on high-end amenities, integration of cutting-edge features, and provision of customized encounters. These market leaders are additionally impacting market dynamics through the diversification of their service offerings to encompass veterinary care, training, and grooming, among other pet care services. Their commitment to meet evolving consumer expectations and strategic initiatives as industry leaders contribute to the formation of a dynamic and competitive global pet lodging market.

Market Segmentation

What Pet Type Will Be Targeted the Most for Installations?

Dogs to be at the Dominant Share owing to Increasing Demand for Hiring Professional Accommodating Services

The dog segment is anticipated to hold the most significant portion of the pet lodging industry's market. Dogs are the most frequently owned companion animals on a global scale, and their proprietors frequently prefer to hire professional accommodation services on account of the size, particular requirements, and the appeal of travel destinations that accommodate dogs. It is therefore anticipated that the demand for specialized services and lodging facilities that cater to canines will significantly contribute to the overall market share. Although the dog segment is anticipated to hold a larger market share, the Others segment, encompassing small mammals, birds, and exotic pets, is projected to expand at the most rapid rate. With the diversification of pet ownership trends, a growing proportion of households are opting for unconventional companion options. The increasing recognition of these distinctive fauna generates a specialized market need for lodging services; consequently, it is expected that the Others sector will undergo substantial expansion, propelled by the requirement for customized accommodations and care for a variety of exotic and non-conventional companion animals.

Which Price Range Are Expected to Benefit the Most from Revenue Generation?

Mass-based Price Ranges to be the most accommodating owing to a Wider Focus on Consumers Searching for Standard Services

It is anticipated that the larger market share will be held by the Mass segment within the pet lodging industry. This sector accommodates a wide range of customers in search of standard or fundamental pet lodging services, devoid of supplementary amenities or specialized capabilities. The mass market attracts a greater proportion of pet owners who place a premium on affordability and functionality when making purchases, which contributes to this segment's market share dominance. In contrast, the most rapid growth is anticipated in the Premium segment. With the ongoing phenomenon of pet humanization, a growing proportion of pet owners are inclined to allocate resources toward premium lodging services that provide their animals with enhanced amenities, individualized attention, and distinctive encounters. The premium segment is poised for substantial growth due to the increasing consciousness surrounding pet wellness and the demand for superior services. This is propelled by a niche market that is in search of exceptional lodgings and amenities for their cherished companions.

Which Booking Types Are Expected to Generate the Most Value for the Market?

Physical Bookings to Occupy the Largest Market Share owing to Increased Focus on Pet Hotels and Kennels

Predictably, the Physical sector will hold the most significant portion of the pet lodging industry's market. Conventional physical establishments for pet lodging, such as pet hotels, kennels, and boarding centers, have persisted for an extended period and continue to cater to a substantial segment of the market. The preference of numerous pet owners for the tactile, hands-on experience offered by establishments has contributed to this segment's market share dominance. In contrast, the Online sector is anticipated to experience the most rapid expansion. As a result of the convenience provided by online platforms and the increasing digitalization of services, pet owners are increasingly turning to digital channels to locate and reserve pet lodging services. The online sector is positioned for substantial growth due to technological progress, intuitive interfaces, and instantaneous reservation functionalities that appeal to the inclinations of technologically proficient customers in search of ease of use and availability when reserving pet lodging services.

Top Regional Markets

Why is North America Emerging as a Dominating Region?

Increasing Number of Pet Owners in the Region Are Opting for Professional Services to Generate Services

It is anticipated that North America will hold the largest market share in the worldwide pet lodging sector. Multiple factors contribute to this prominence. North America is characterized by a substantial pet ownership culture, wherein a considerable percentage of households maintain canines. An increasing number of pet owners in the region are opting for professional services, such as pet lodging, which signifies a heightened consciousness regarding the welfare of their animals. Moreover, the prosperous socioeconomic status of households in North America, in conjunction with a significant focus on the humanization of pets, motivates pet guardians to allocate resources towards high-end lodging services, thereby supporting the region's prevailing market position. Additionally strengthening North America's position as a global leader in the pet lodging industry is the presence of diverse and well-established pet lodging facilities and a stringent regulatory framework that ensures quality standards.

What Opportunities Lie in South Asia & Pacific for Manufacturers?

Region's Accelerated Urbanization and Rising Disposable Incomes to Promote Growth

The global market for pet lodging is anticipated to expand at the quickest rate in South Asia and the Pacific. As a result of the region's accelerated urbanization and rising disposable incomes, the middle class is expanding and gaining the means to own and care for pets. An increasing number of individuals are adopting pets, which has led to a corresponding need for lodging and professional pet care services as lifestyles progress. The increasing recognition of pets as essential members of the family, mirroring developments observed in Western societies, is contributing to a greater level of acceptance towards pet lodging services. In addition, the widespread utilization of technology and the proliferation of online platforms in this region facilitate pet owners' access to and utilization of pet lodging services. Due to the confluence of these elements, South Asia & Pacific are poised to become a focal point for the most rapidly expanding sector of the worldwide pet lodging industry, presenting abundant prospects for domestic and international enterprises to satisfy the escalating need.

Competitive Intelligence and Business Strategy

Prominent entities in the worldwide pet lodging industry, such as Best Friends Pet Care, PetSmart, and Rover, implement strategic initiatives to maintain and increase their market dominance. Recognizing the dynamic nature of the pet care sector, these organizations have modified their strategies to take advantage of emerging trends and consumer inclinations.

PetSmart has strategically established its expansive network of physical locations to function as a comprehensive destination for pet owners. In addition to conventional pet lodging, PetSmart provides an extensive array of services encompassing grooming, training, retail, and more—thereby establishing an all-encompassing pet care ecosystem. By offering numerous services within a single location, this diversification not only expands the clientele but also strengthens customer loyalty. PetSmart seeks to augment its market dominance through strategic investments in the physical infrastructure of pet hotels and the adoption of a multi-service model. In essence, the market leaders in pet accommodation employ a variety of approaches to secure the greatest possible market share. Using innovative online marketplace strategies, exhaustive physical service offerings, or a commitment to providing premium experiences, these businesses remain at the forefront of their industry and effectively cater to the evolving demands of pet owners.

Pet Lodging Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Pet Type
  • Lodging Period
  • Price Range
  • Booking Type
  • Region

Key Companies Profiled

  • Oupet Co.
  • PetBacker Co.
  • PaCo Pet Care LLC
  • PetSmart Inc.
  • Paradise 4 Paws LLC
  • Puss 'n' Boots Boarding Cattery
  • Dogtopia Enterprises LLC
  • Pet Station Kennels & Cattery
  • Preppy Pet Co.
  • Barkefellers

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Pet Lodging Market Research Segmentation

By Pet Type:

  • Dogs
  • Cats
  • Others

By Lodging Period:

  • Overnight Stay
  • Extended Stay

By Price Range:

  • Mass
  • Premium

By Booking Type:

  • Physical
  • Online

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

- Companies Covered in This Report -

  • Oupet Co.
  • PetBacker Co.
  • PaCo Pet Care LLC
  • PetSmart Inc.
  • Paradise 4 Paws LLC
  • Puss 'n' Boots Boarding Cattery
  • Dogtopia Enterprises LLC
  • Pet Station Kennels & Cattery
  • Preppy Pet Co.
  • Barkefellers

- Frequently Asked Questions -

The market is anticipated to grow at a CAGR of 6.1% during the projected period.

The Pet Lodging market was valued at USD 3,905.4 million in 2023.

The United States held the largest market share in 2023.

The prominent players in the market are Oupet Co., PetBacker Co., PaCo Pet Care LLC, PetSmart Inc., and Paradise 4 Paws LLC, among others.

The virtual segment is expected to grow at the fastest growth during the forecast period.

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