The publisher's Luxury Hotels Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the luxury accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers' needs.
Key Highlights
- In 2020, COVID-19 had a huge impact on the luxury hotel market, so much so that the decline in the number of rooms, occupancy, and RevPAR was historic. Luxury hotels, having a major chunk of their revenue from foreign tourists, suffered severe losses during the pandemic. Hotels have had to bear the fixed costs and minimize variable costs to a large extent to navigate through the pandemic.
- China remained the largest global luxury hotel market, generating revenue of US$xbn in 2020. This represented a decline of x% on 2019.
- With safety and hygiene being the need of the hour, luxury hotel chains are encouraging technology-based services such as contactless technologies and are planning on utilizing augmented and virtual realities. The traditional customer-facing services are now, at least to some extent, giving way to contactless payments, mobile check-in, voice control, biometrics, etc.
Scope
- This report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the luxury accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers' needs.
Reasons to Buy
- Understand the impact of COVID-19 on this market
- Gauge which are the biggest and most promising regional markets for the luxury accommodation market
- Understand the demand-side dynamics within the industry to identify key trends and growth opportunities
- Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.
Table of Contents
- Snapshot
- Key Trends
- Deals
- Key Insights
- Americas
- Asia-Pacific
- Europe
- Middle East and Africa
- Outlook
- Company Profiles
- Intercontinental Hotels Group
- Shangri-La Asia
- Marriott International
- Four Seasons Hotels and Resorts
- Banyan Tree Holdings Limited
- Hyatt Hotels Corporation
- Appendix
- References
- Terminology and definitions
- About the Publisher
List of Figures
Figure 1: Top 10 global markets: total revenue, luxury hotels in 2020 (US$bn)
Figure 2: Top 10 global markets: total revenue, luxury hotels in 2020 (US$bn)
Figure 3: Top five Americas markets: number of rooms, luxury hotels (thousand)
Figure 4: Top five Americas markets: occupancy rate (%), luxury hotels
Figure 5: Top five Asia-Pacific markets: number of rooms, luxury hotels (thousand)
Figure 6: Top five Asia-Pacific markets: occupancy rate (%), luxury hotels
Figure 7: Top five Europe markets: number of rooms, luxury hotels (thousand)
Figure 8: Top five Europe markets: occupancy rate (%), luxury hotels
Figure 9: Top five Middle East & Africa markets: number of rooms, luxury hotels (thousand)
Figure 10: Top five Middle East & Africa markets: occupancy rate (%), luxury hotels
Figure 11: Top 10 global markets: total revenue, luxury hotels, 2020 vs. 2025 (US$bn)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- IHG
- Marriott
- Banyan Tree
- Shangri-La
- Four Seasons
- Hyatt
