Global Luxury Hotel Market by Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts, and Others)

  • ID: 4173390
  • Report
  • Region: Global
  • 62 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Hyatt Corporation
  • Itc Hotels Limited
  • MORE

Luxury hotels provide travelers and tourists with high-end lodging experience including facilities such as discreet check-in & check-out, heated & fresh water swimming pool (private swimming pools offered by many hotels), spa, fitness area, and others (including customized services) that distinguish them from the other ordinary hotels. Rise in demand for luxury stays due to change in preference of customers and upgradation in the services provided by hoteliers boost the growth of the luxury hotel market.

Rise in travel & tourism industry, growth in preference for leisure travel, and increase in standard of living are the major drivers that fuel the growth of luxury hotel market. However, rise in price of lodging is expected to hinder the market growth. Emergence of new luxury hotels is anticipated to unfold new business opportunities for the market in the coming years.

The report segments the global luxury hotel market on the basis of type and geography. Based on type, the market is classified into business hotels, airport hotels, suite hotels, resorts, and others. geographically, the market is analyzed across North America (U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, UK, and rest of Europe), Asia-pacific (China, south Korea, Australia, Japan, India, and rest of Asia-pacific), and LAMEA (Latin America, Middle east, and Africa).

Major key players operating in the market are Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Ltd., Jumeirah International LLC, The Indian Hotel Companies Limited, And Others

Key benefits for stakeholders

The report provides quantitative as well as qualitative analysis about the current trend and opportunities during the forecasted period.
Region wise distribution of luxury hotels is analyzed in the report.
The report also explains about the various drivers, restraints, and opportunity of the global luxury hotel market.
Porter’s five force model examines various suppliers involved in the market.
In-depth analysis about various luxury hotels is provided in the report.

Global Luxury Hotel Market Key Segmentation

By Type

Business Hotels
Airport Hotels
Suite Hotels
Resorts
Others

By Geography

North America
U.S.
Rest Of North America
Europe
Italy
Uk
Germany
France
Rest Of Europe
Asia-Pacific
Japan
Australia
Rest Of Asia-Pacific
Lamea
Latin America
Middle East
Africa

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FEATURED COMPANIES

  • Hyatt Corporation
  • Itc Hotels Limited
  • MORE
Chapter 1 Introduction

1.1 Report Description
1.2 Research Methodology

1.2.1 Secondary Research
1.2.2 Primary Research
1.2.3 Analyst Tools And Models

Chapter 2 Executive Summary

2.1 Overview
2.2 Market Snapshot
2.3 CXO Perspective

Chapter 3 Market Overview

3.1 Market Definition And Scope
3.2 Key Findings

3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets

3.3 Porters Five Forces Analysis

3.3.1 Moderate Bargaining Power Of Suppliers Due To Large Number Of Suppliers, Backward Integration And High Switching Cost
3.3.2 High Bargaining Power Of Buyer, More Availability Of Substitutes And Large Number Of Players That Provide Quality Product
3.3.3 Availability Of Substitutes And High Cost Increases Threat Of Substitutes
3.3.4 Moderate Threat Of New Entrants Due To Presence Of Dominant Players, Strict Government Regulations Towards The Environment
3.3.5 Presence Of Numerous Players, High Brand Loyalty, Low Switching Cost

3.4 Drivers

3.4.1 Rise In Travel And Tourism Industry
3.4.2 Growing Preference For Leisure Travel
3.4.3 Increase In Standard Of Living

3.5 Restraints

3.5.1 Rise In Price Of Lodging

3.6 Opportunities

3.6.1 Emergence Of New Types Of Luxury Hotels

Chapter 4 World Luxury Hotel Market By Type

4.1 Overview
4.2 Airport Hotels

4.2.1 Key Market Trends
4.2.2 Key Growth Factors And Opportunities
4.2.3 Market Size And Forecast
4.2.4 North America Airport Hotels Market, ($Million), Growth (%) 2014-2022
4.2.5 Europe Airport Hotels Market, ($Million), Growth (%) 2014-2022
4.2.6 Asia Pacific Airport Hotels Market, ($Million), Growth (%) 2014-2022
4.2.7 Lamea Airport Hotels Market, ($Million), Growth (%) 2014-2022

4.3 Resorts

4.3.1 Key Market Trends
4.3.2 Key Growth Factors And Opportunities
4.3.3 Market Size And Forecast
4.3.4 North America Resorts Hotel Market, ($Million), Growth (%) 2014-2022
4.3.5 Europe Resorts Hotel Market, ($Million), Growth (%) 2014-2022
4.3.6 Asia Pacific Resorts Hotel Market, ($Million), Growth (%) 2014-2022
4.3.7 Lamea Resorts Hotel Market, ($Million), Growth (%) 2014-2022

4.4 Business Hotels

4.4.1 Key Market Trends
4.4.2 Key Growth Factors And Opportunities
4.4.3 Market Size And Forecast
4.4.4 North America Business Hotels Market, ($Million), Growth (%) 2014-2022
4.4.5 Europe Business Hotels Market, ($Million), Growth (%) 2014-2022
4.4.6 Asia Pacific Business Hotels Market, ($Million), Growth (%) 2014-2022
4.4.7 Lamea Business Hotels Market, ($Million), Growth (%) 2014-2022

4.5 Suite Hotels

4.5.1 Key Market Trends
4.5.2 Key Growth Factors And Opportunities
4.5.3 Market Size And Forecast
4.5.4 North America Suite Hotels Market, ($Million), Growth (%) 2014- 2022
4.5.5 Europe Suite Hotels Market, ($Million), Growth (%) 2014-2022
4.5.6 Asia Pacific Suite Hotels Market, ($Million), Growth (%) 2014-2022
4.5.7 Lamea Suite Hotels Market, ($Million), Growth (%) 2014-2022

4.6 Others

4.6.1 Key Market Trends
4.6.2 Key Growth Factors And Opportunities
4.6.3 Market Size And Forecast
4.6.4 North America Other Hotels Market, ($Million), Growth (%) 2014-2022
4.6.5 Europe Other Hotels Market, ($Million), Growth (%) 2014-2022
4.6.6 Asia Pacific Other Hotels Market, ($Million), Growth (%) 2014-2022
4.6.7 Lamea Other Hotels Market, ($Million), Growth (%) 2014-2022

Chapter 5 World Luxury Hotel Market By Geography

5.1 Overview
5.2 North America

5.2.1 Key Market Trends
5.2.2 Key Growth Factors And Opportunities
5.2.3 Market Size And Forecast
5.2.4 U.S. Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.2.5 Canada Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.2.6 Mexico Luxury Hotel Market, ($Million), Growth (%) 2014-2022

5.3 Europe

5.3.1 Key Market Trends
5.3.2 Key Growth Factors And Opportunities
5.3.3 Market Size And Forecast
5.3.4 Spain Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.3.5 France Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.3.6 Italy Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.3.7 U.K Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.3.8 Germany Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.3.9 Rest Of Europe Luxury Hotel Market, ($Million), Growth (%) 2014-2022

5.4 Asia-Pacific

5.4.1 Key Market Trends
5.4.2 Key Growth Factors And Opportunities
5.4.3 Market Size And Forecast
5.4.4 India Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.4.5 China Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.4.6 South Korea Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.4.7 Japan Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.4.8 Thailand Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.4.9 Rest Of Asia-Pacific Luxury Hotel Market, ($Million), Growth (%) 2014-2022

5.5 Lamea

5.5.1 Key Market Trends
5.5.2 Key Growth Factors And Opportunities
5.5.3 Market Size And Forecast
5.5.4 Latin America Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.5.5 Middle East Luxury Hotel Market, ($Million), Growth (%) 2014-2022
5.5.6 Africa Luxury Hotel Market, ($Million), Growth (%) 2014-2022

Chapter 6 Related Industry Insights

6.1 Luxury Furniture Market

6.1.1 Overview

6.2 Luxury Goods Market

6.2.1 Overview

Chapter 7 Company Profiles

7.1. Four Seasons Holdings Inc.

7.1.1. Company Overview
7.1.2. Operating Business Segments
7.1.3. Business Performance
7.1.4. Key Strategic Moves & Developments

7.2. Intercontinental Hotels Group

7.2.1. Company Overview
7.2.2. Operating Business Segments
7.2.3. Business Performance
7.2.4. Key Strategic Moves & Developments

7.3. Marriott International Inc.

7.3.1. Company Overview
7.3.2. Operating Business Segments
7.3.3. Business Performance
7.3.4. Key Strategic Moves & Developments

7.4. Hyatt Corporation

7.4.1. Company Overview
7.4.2. Operating Business Segments
7.4.3. Business Performance
7.4.4. Key Strategic Moves & Developments

7.5. Itc Hotels Limited

7.5.1. Company Overview
7.5.2. Operating Business Segments
7.5.3. Business Performance
7.5.4. Key Strategic Moves & Developments

7.6. Shangri-La International Hotel Management Ltd

7.6.1. Company Overview
7.6.2. Operating Business Segments
7.6.3. Business Performance
7.6.4. Key Strategic Moves & Developments

7.7. Jumeirah International Llc

7.7.1. Company Overview
7.7.2. Operating Business Segments
7.7.3. Business Performance
7.7.4. Key Strategic Moves & Developments

7.8. The Indian Hotel Companies Limited

7.8.1. Company Overview
7.8.2. Operating Business Segments
7.8.3. Key Strategic Moves & Developments
7.8.4. Key Strategic Moves & Developments
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FEATURED COMPANIES

  • Hyatt Corporation
  • Itc Hotels Limited
  • MORE
Luxury Hotel Market Report, states that the global luxury hotel market was valued at $15,535 million in 2015, and is projected to reach $20,442 million by 2022, growing at a CAGR of 4.0% from 2016 to 2022. The business hotels segment accounted for around 42% of the total market revenue in 2015.

Luxury hotels provide comfortable stay to tourist and travelers along with services such as spa, swimming pool, and fitness center. The market for luxury hotel has grown significantly in the past few years due to rise in the number of business travelers globally. Change in customer preference and upgradation in the services provided by hoteliers further boost the demand for luxury stays.

The global luxury hotel market is driven by rise in travel & tourism industry, increase in preference for leisure travel, and improved standard of living. However, premium price charged by such hotels restrains the market growth. According to Sheetanshu Upadhayay, Research Analyst at Allied Market Research, Rise in number of business travelers and change in customer lifestyles have fueled the demand for luxury stays, with an increased trend for various luxury services such as spa and others. North American and European regions dominate the market due to higher number of tourist arrivals.

Business hotels segment is expected to dominate the market throughout the analysis period, owing to huge consumer base, which includes business travelers, tour groups, and small conference groups.

Airport hotels segment accounted for around 20% share of the overall luxury hotel market revenue in 2015, and is expected to grow at a CAGR of 3.7% during the forecast period. These hotels usually target business clients, passengers with overnight travel or cancelled flights, and airline crews or staff.

Key Findings of the Study

North America is projected to maintain its leading position throughout 2022, growing at a CAGR of 5.1% from 2016 - 2022.
The business hotels segment occupied around 41% of the total luxury hotel market size in 2015.
The U.S. occupied four-fifths of the total North American luxury hotel market in 2015 while Mexico is expected to grow at the fastest rate, growing at a CAGR of 6.6% from 2016 to 2022.
In 2015, North America and Europe collectively accounted for around two-thirds of the total luxury hotel market size, and are expected to continue to dominate the market due to increase in number of tourists and travelers.

The major companies profiled in the report include Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Ltd., Jumeirah International LLC, and The Indian Hotel Companies Limited.
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  • Four Seasons Holdings Inc.
  • Intercontinental Hotels Group
  • Marriott International Inc.
  • Hyatt Corporation
  • Itc Hotels Limited
  • Shangri-La International Hotel Management Ltd.
  • Jumeirah International Llc
  • The Indian Hotel Companies Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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