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The luxury hotel market is forecasted to grow by USD 71 billion during 2023-2028, accelerating at a CAGR of 5.48% during the forecast period. The report on the luxury hotel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing disposable income among guests, increased preference for luxury hotels to break monotony, and growing number of luxury hotels across world.
The luxury hotel market is segmented as below:
By Type
- Upscale
- Upper-upscale
- Luxury
By Ownership
- Chain
- Independent
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the luxury hotel market covers the following areas:
- Luxury hotel market sizing
- Luxury hotel market forecast
- Luxury hotel market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Ownership
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global luxury hotel market: Accor S.A., Aman Group S.a.r.l., Best Western International Inc., Choice Hotels International Inc., Four Seasons Hotels Ltd., Hyatt Hotels Corp., InterContinental Hotels Group Plc, ITC Ltd., Jumeirah International LLC, Kempinski Hotels SA, Kerzner International Ltd., LVMH Group., Marriott International Inc., Rosewood Hotel Group, Shangri La Asia Ltd., Soneva Mauritius Ltd., The Indian Hotel Co. Ltd., and Wyndham Destinations Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is higher acceptance of online booking platforms."
According to the report, one of the major drivers for this market is the growing disposable income among guests.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accor S.A.
- Aman Group S.a.r.l.
- Best Western International Inc.
- Choice Hotels International Inc.
- Four Seasons Hotels Ltd.
- Hyatt Hotels Corp.
- InterContinental Hotels Group Plc
- ITC Ltd.
- Jumeirah International LLC
- Kempinski Hotels SA
- Kerzner International Ltd.
- LVMH Group.
- Marriott International Inc.
- Rosewood Hotel Group
- Shangri La Asia Ltd.
- Soneva Mauritius Ltd.
- The Indian Hotel Co. Ltd.
- Wyndham Destinations Inc.
