- Home
- Industries
Aerospace And Defence
Agriculture
Automotive And Transportation
Banking And Finance
Business
Chemicals And Materials
Consumer And Retail
Electronics And Semiconductors
Food And Beverages
Machinery & Equipments
Manufacturing And Construction
Medical Devices
Others
Pharmaceuticals And Healthcare
Power And Energy
Sports
Technology
- Services
- News Room
- About us
- Contact Us
-
Global Luxury Hotels Industry Market Dynamics & Strategic Insights 2021-2030
Luxury hotels provide different features and advanced facilities to the customers. Also, it provides high-quality personalized and professional services becoming a primary source of income produced by the hospitality industry. These hotels are classified based on a diamond range depending upon facilities provided to the guests usually four-diamond or five-diamond luxury hotels. Luxury hotels are categorized suite hotels, as business hotels, airport hotels, and resorts among others. Business voyages, meeting gatherings, visiting groups, and individual vacationers are the target clients of these hotels.
Global Luxury Hotels Market іѕ ѕеgmеntеd on the bаѕіѕ оf Hotel Type (Business, Airport, Holiday, Resorts & Spas, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Luxury Hotels Market wаѕ vаluеd аt UЅD 18,345.9 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.6% frоm 2021 tо 2030.
The report on Global Luxury Hotels Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Luxury Hotels Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Luxury Hotels Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Luxury Hotels Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Luxury Hotels Market.
Market Dynamics:
Shifting preference towards luxurious traveling, experience, and comfort, rising disposable income of individuals, and improving standards of living are driving the demand in the luxury hotel industry all over the globe. Moreover, the rising number of national and international events is also triggering the demand for luxury hotels. Among all types of guests, celebrities, politicians, business tycoons, professionals are the prominent visitors. Increasing demand for luxury hotels due to membership cards, several schemes, and offers for old customers and tap into the new customer are factors driving the growth of the global market. Rising preference for leisure travel, rising disposable income, increasing standard of living of people, and emerging tourism and corporate industries across various regions are some factors expected to drive the growth of the global market. Moreover, the rising power and standard of living of individuals, and the increasing demand for luxury accommodations for corporate events, corporate stays, and leisure trips are some of the key factors responsible for attracting customers toward luxury hotels are factors expected to boost the global market.
However, the luxury hotels are high tariff and pricing is a factor hindering the growth of the global luxury hotel market. Furthermore, the guests' attitude toward exploring new hotels refrain from revisiting the same hotel.
Moreover, the growing trend of experiencing a luxury lifestyle during holidays or vacations among travelers; they see it as a relaxing and rejuvenating experience during vacation. Also, newly married couples and senior citizens, as sum up this luxury stay as a lifetime experience. In the luxury hotel industry.
Segmental Analysis:
Among the hotel type segments, the business segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. The resorts and spas segment is anticipated to register a significant CAGR in the global market over the forecast period. Rising demand for holiday resorts and spas that are specially designed to help guests relax and take a break from daily routines as well growing preference for leisure travel.
Regional Analysis:
The North American is expected to account for major revenue share and is expected to continue over the forecast period. This is attributed to the global financial hub in the US and one of the most popular tourist destinations for people across the globe. The Asia Pacific region is projected to register faster growth in terms of revenue in the global luxury hotels market. The rising income of people in developing economies such as India, China is anticipated to fuel the global tourism industry, thus having a favorable impact on the global luxury hotels market. The Europe market is expected to register a significant revenue share in the global market. This is primarily to rising government initiatives for the promotion of tourism and local regions by spreading awareness about its architectural or historical significance in the countries such as the UK, Spain, Italy, and France.
Global Luxury Hotels Market Segmentation:
Segmentation by Hotel Type:
• Business
• Airport
• Holiday
• Resorts & Spas
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Marriott International, Inc.
Shangri-La International Hotel Management Ltd.
InterContinental Hotels Group
AccorHotels
Taj Hotels Palaces Resorts Safari
Four Seasons Hotels Limited.
Global Luxury Hotels Market іѕ ѕеgmеntеd on the bаѕіѕ оf Hotel Type (Business, Airport, Holiday, Resorts & Spas, and Others) and region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
The Global Luxury Hotels Market wаѕ vаluеd аt UЅD 18,345.9 Мn іn 2020 іѕ рrојесtеd tо іnсrеаѕе ѕіgnіfісаntlу аt а САGR оf 4.6% frоm 2021 tо 2030.
The report on Global Luxury Hotels Market which оffеrѕ іn-dерth аnаlуѕіѕ оn mаrkеt drіvеrѕ, rеѕtrаіntѕ, орроrtunіtіеѕ, trеndѕ, and other important information regarding the Global Luxury Hotels Market. This rероrt іnсludеs quаlіtаtіvе іnfоrmаtіоn and quаntіtаtіvе аnаlуѕіѕ оf vаrіоuѕ ѕеgmеntѕ іn tеrmѕ оf mаrkеt ѕhаrе, grоwth, орроrtunіtу аnаlуѕіѕ, mаrkеt value, еtс. fоr thе fоrесаѕt уеаrѕ. The report offers detailed information regarding the various key players operating in the Global Luxury Hotels Market, their financials, key developments, supply chain trends, technological innovations, apart from future strategies, acquisitions & mergers, market footprint, and COVID-19 Analysis. This report is based on analysis, synthesis, and interpretation of the information gathered regarding the Global Luxury Hotels Market from various sources. We analyzed the data and information and gained insights using primary and secondary research efforts with the primary objective to provide a holistic view of the Global Luxury Hotels Market.
Market Dynamics:
Shifting preference towards luxurious traveling, experience, and comfort, rising disposable income of individuals, and improving standards of living are driving the demand in the luxury hotel industry all over the globe. Moreover, the rising number of national and international events is also triggering the demand for luxury hotels. Among all types of guests, celebrities, politicians, business tycoons, professionals are the prominent visitors. Increasing demand for luxury hotels due to membership cards, several schemes, and offers for old customers and tap into the new customer are factors driving the growth of the global market. Rising preference for leisure travel, rising disposable income, increasing standard of living of people, and emerging tourism and corporate industries across various regions are some factors expected to drive the growth of the global market. Moreover, the rising power and standard of living of individuals, and the increasing demand for luxury accommodations for corporate events, corporate stays, and leisure trips are some of the key factors responsible for attracting customers toward luxury hotels are factors expected to boost the global market.
However, the luxury hotels are high tariff and pricing is a factor hindering the growth of the global luxury hotel market. Furthermore, the guests' attitude toward exploring new hotels refrain from revisiting the same hotel.
Moreover, the growing trend of experiencing a luxury lifestyle during holidays or vacations among travelers; they see it as a relaxing and rejuvenating experience during vacation. Also, newly married couples and senior citizens, as sum up this luxury stay as a lifetime experience. In the luxury hotel industry.
Segmental Analysis:
Among the hotel type segments, the business segment is accounted for a major revenue share and is expected to maintain its dominance in the global market. The resorts and spas segment is anticipated to register a significant CAGR in the global market over the forecast period. Rising demand for holiday resorts and spas that are specially designed to help guests relax and take a break from daily routines as well growing preference for leisure travel.
Regional Analysis:
The North American is expected to account for major revenue share and is expected to continue over the forecast period. This is attributed to the global financial hub in the US and one of the most popular tourist destinations for people across the globe. The Asia Pacific region is projected to register faster growth in terms of revenue in the global luxury hotels market. The rising income of people in developing economies such as India, China is anticipated to fuel the global tourism industry, thus having a favorable impact on the global luxury hotels market. The Europe market is expected to register a significant revenue share in the global market. This is primarily to rising government initiatives for the promotion of tourism and local regions by spreading awareness about its architectural or historical significance in the countries such as the UK, Spain, Italy, and France.
Global Luxury Hotels Market Segmentation:
Segmentation by Hotel Type:
• Business
• Airport
• Holiday
• Resorts & Spas
• Others
Segmentation by region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Key Players:
Marriott International, Inc.
Shangri-La International Hotel Management Ltd.
InterContinental Hotels Group
AccorHotels
Taj Hotels Palaces Resorts Safari
Four Seasons Hotels Limited.
Scope:
| Report Data | Market |
| Forecast 2022 | XX million/billion (2022-2032) |
| CAGR 2022 - 2032 | % |
| Analysis Period | 2022 - 2032 |
| Base Year | 2021 |
| Forecast Data | 2022 - 2032 |
| Segments Covered | By Type, By Application, And by Regions |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | . |
| Key Segments | By Type By Applications |
| Report Coverage | Market Drivers, Market Trends, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Frequently Asked Questions
What is the future market value of the ?
The current market value for is expected USD XX million/billion by 2022.
What is the CAGR of the Market?
The is to grow at a CAGR of 5.3% during the forecast by 2032.
What is the Market segment?
On the basis of type, the is segmented into Types.
Who are the key players operating in the ?
The major players operating in the are Company.
Select Licence Type
Connect with our sales team
Why Future Market Outlook
100%
Customer
Satisfaction
24x7+
Availability - we are always
there when you need us
200+
Fortune 50 Companies trust
Future Market Outlook
80%
of our reports are exclusive
and first in the industry
100%
more data
and analysis
1000+
reports published
till date
