The Economics of Pet-Friendly Hotels & Travel

Executive Summary

In the hospitality industry, being pet-friendly is no longer just an amenity offered to guests. With 78% of pet owners traveling with their pets, the global pet economy has surpassed $150 billion and is expected to grow steadily through 2030.

According to market estimates, the pet-friendly hotel industry is expected to touch $50 billion in the next few years. This is a clear signal that pet-friendly travel is a measurable driver with real economic impact.

In hospitality, being pet-friendly is no longer just an amenity — it is a measurable driver with real economic impact.

Key Findings

Some of the key points this report highlights include:

• Pet ownership has changed the way travelers choose their destinations.
• Hotels that treat pets as a properly managed category will outperform those that treat them as a policy exception.
• Hotels are moving away from incremental bookings toward high-value repeat bookings with supplementary revenue.

In this day and age, we should not be asking “Should we allow pets?” The better question is: “Are we capturing the true value of pet demand?”