Report overview
The luxury hotel industry is one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences.
This report aims to provide a comprehensive presentation of the global market for Luxury Hotels, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Luxury Hotels. This report contains market size and forecasts of Luxury Hotels in global, including the following market information:
Global Luxury Hotels Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Luxury Hotels market was valued at US$ 211520 million in 2022 and is projected to reach US$ 275140 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Luxury Hotels key players include Marriott International, Inc, Hilton, Hyatt Hotels, Four Seasons Holdings Inc., etc. Global top four manufacturers hold a share about 25%.
United States is the largest market, with a share about 30%, followed by China, and Europe, both have a share over 35 percent.
In terms of product, Suite Hotels is the largest segment, with a share nearly 40%. And in terms of application, the largest application is F&B, followed by Room, SPA, etc.
We surveyed the Luxury Hotels companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Luxury Hotels Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Luxury Hotels Market Segment Percentages, by Type, 2022 (%)
Business Hotel
Suite Hotel
Airport Hotel
Resorts Hotel
Global Luxury Hotels Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Luxury Hotels Market Segment Percentages, by Application, 2022 (%)
Room
F&B
SPA
Other
Global Luxury Hotels Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Luxury Hotels Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Luxury Hotels revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Luxury Hotels revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Marriott International, Inc
Hilton
Starwood Hotels & Resorts
Hyatt Hotels
Four Seasons Holdings Inc.
Shangri-La International
InterContinental Hotels Group
Mandarin Oriental International
The Indian Hotels Company
Jumeirah International LLC
Kerzner International Resorts
ITC Hotels Limited
Outline of Major Chapters:
Chapter 1: Introduces the definition of Luxury Hotels, market overview.
Chapter 2: Global Luxury Hotels market size in revenue.
Chapter 3: Detailed analysis of Luxury Hotels company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Luxury Hotels in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
