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Luxury Hotel Market By Type, By Category: Global Opportunity Analysis and Industry Forecast, 2020-2031

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    Report

  • 172 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640315
Description Jump to:
Luxury hotels provide travelers and tourist an option to enjoy luxurious stay. There are many features which distinguish the luxury hotel with other basic hotels such as en-suite bathrooms. Tourism industry is an ever-growing industry, which has a huge impact on the luxury hotel market. There is a rise in the demand of the luxury hotel due to the changes in preference of customer and upgrade in the services provided by hoteliers. The world luxury hotel market is at growing stage and is expected to be same during the forecast period.

There has been change in the preference of the customers due to which demand for leisure travel is on an increase among the travelers. The world has seen unmatched growth in the luxury hotel industry as there are countries where the standard of living of people is high. There are many luxury hotels, which provide the combination of historical elegance and modern comfort such as spa, pool, and fitness center. Another driver for the world luxury hotel market is the burgeoning travel and tourism industry especially in France, U.S., and Italy. The management of the hotels has come up with innovative ideas regarding the development of new types of rooms such as treetop rooms and underwater rooms. The rise in the lodging price is one of the restraints to the world luxury hotel market. The energy requirement of hotels is on a rise as the guests are given full control over the settings and air conditioning units and they adjust it accordingly without any concern, which is another restraining factor.

The report segments the world luxury hotel market on the basis of type and geography. On the basis of types, the world luxury hotel market can be classified into business hotels, airport hotels, suite hotels, resorts, and others. Based on region, it 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. 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.

There has been emergence of new types of hotels, which has led to increase in number of travelers. There are various types of hotels such as Eco Hotel, Scattered Hotel, Tree House Hotel, Ice Hotel, Capsule Hotel, Yurt, and others. Every new hotel comes up with an innovative idea to attract customers. Sustainability is another factor which needs to be taken into consideration while opening up a new type of hotel. There should be introduction with a unique feature being added up to a new hotel or an existing one so as to grab attention of travelers. The table below shows the different types of hotels with different characteristics.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury hotel market analysis from 2020 to 2031 to identify the prevailing luxury hotel market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the luxury hotel market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global luxury hotel market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

  • Business Hotels
  • Airport Hotels
  • Suite Hotels
  • Resorts
  • Others

By Category

  • Chain
  • Independent

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • United Kingdom
  • Asia-Pacific
  • India
  • China
  • Japan
  • Thailand
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • UAE
  • Rest of LAMEA

Key Market Players

  • 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
  • Jardine Matheson Holdings Ltd
  • kempinski hotel san lawrenz

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Market Share Analysis
CHAPTER 4: LUXURY HOTEL MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Business Hotels
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Airport Hotels
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Suite Hotels
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Resorts
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: LUXURY HOTEL MARKET, BY CATEGORY
5.1 Overview
5.1.1 Market size and forecast
5.2 Chain
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Independent
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: LUXURY HOTEL MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by Category
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by Category
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by Category
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by Category
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by Category
6.3.4 Europe Market size and forecast, by country
6.3.4.1 United Kingdom
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by Category
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by Category
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by Category
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by Category
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Type
6.3.4.5.2 Market size and forecast, by Category
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Type
6.3.4.6.2 Market size and forecast, by Category
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by Category
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 India
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by Category
6.4.4.2 China
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by Category
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by Category
6.4.4.4 Thailand
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by Category
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by Category
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by Category
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by Category
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by Category
6.5.4.3 UAE
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by Category
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Type
6.5.4.4.2 Market size and forecast, by Category
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 FOUR SEASONS HOLDINGS INC.
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 INTERCONTINENTAL HOTELS GROUP
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 MARRIOTT INTERNATIONAL INC.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 HYATT CORPORATION
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 ITC HOTELS LIMITED
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 SHANGRI-LA INTERNATIONAL HOTEL MANAGEMENT LTD
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 JUMEIRAH INTERNATIONAL LLC
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 THE INDIAN HOTEL COMPANIES LIMITED
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Jardine Matheson Holdings Ltd
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 kempinski hotel san lawrenz
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Luxury Hotel Market, by Type, 2020-2031, ($Million)
Table 2. Luxury Hotel Market Revenue, for Business Hotels, by Region, 2020-2031, ($Million)
Table 3. Luxury Hotel Market Business Hotels by Country, 2020-2031, ($Million)
Table 4. Luxury Hotel Market Revenue, for Airport Hotels, by Region, 2020-2031, ($Million)
Table 5. Luxury Hotel Market Airport Hotels by Country, 2020-2031, ($Million)
Table 6. Luxury Hotel Market Revenue, for Suite Hotels, by Region, 2020-2031, ($Million)
Table 7. Luxury Hotel Market Suite Hotels by Country, 2020-2031, ($Million)
Table 8. Luxury Hotel Market Revenue, for Resorts, by Region, 2020-2031, ($Million)
Table 9. Luxury Hotel Market Resorts by Country, 2020-2031, ($Million)
Table 10. Luxury Hotel Market Revenue, for Others, by Region, 2020-2031, ($Million)
Table 11. Luxury Hotel Market Others by Country, 2020-2031, ($Million)
Table 12. Global Luxury Hotel Market, by Category, 2020-2031, ($Million)
Table 13. Luxury Hotel Market Revenue, for Chain, by Region, 2020-2031, ($Million)
Table 14. Luxury Hotel Market Chain by Country, 2020-2031, ($Million)
Table 15. Luxury Hotel Market Revenue, for Independent, by Region, 2020-2031, ($Million)
Table 16. Luxury Hotel Market Independent by Country, 2020-2031, ($Million)
Table 17. Luxury Hotel Market, by Region, 2020-2031, ($Million)
Table 18. North America Luxury Hotel Market, by Type, 2020-2031, ($Million)
Table 19. North America Luxury Hotel Market, by Category, 2020-2031, ($Million)
Table 20. North America Luxury Hotel Market, by Country, 2020-2031, ($Million)
Table 21. U.S. Luxury Hotel Market by Type 2020-2031, ($Million)
Table 22. U.S. Luxury Hotel Market by Category 2020-2031, ($Million)
Table 23. Canada Luxury Hotel Market by Type 2020-2031, ($Million)
Table 24. Canada Luxury Hotel Market by Category 2020-2031, ($Million)
Table 25. Mexico Luxury Hotel Market by Type 2020-2031, ($Million)
Table 26. Mexico Luxury Hotel Market by Category 2020-2031, ($Million)
Table 27. Europe Luxury Hotel Market, by Type, 2020-2031, ($Million)
Table 28. Europe Luxury Hotel Market, by Category, 2020-2031, ($Million)
Table 29. Europe Luxury Hotel Market, by Country, 2020-2031, ($Million)
Table 30. United Kingdom Luxury Hotel Market by Type 2020-2031, ($Million)
Table 31. United Kingdom Luxury Hotel Market by Category 2020-2031, ($Million)
Table 32. Germany Luxury Hotel Market by Type 2020-2031, ($Million)
Table 33. Germany Luxury Hotel Market by Category 2020-2031, ($Million)
Table 34. France Luxury Hotel Market by Type 2020-2031, ($Million)
Table 35. France Luxury Hotel Market by Category 2020-2031, ($Million)
Table 36. Italy Luxury Hotel Market by Type 2020-2031, ($Million)
Table 37. Italy Luxury Hotel Market by Category 2020-2031, ($Million)
Table 38. Spain Luxury Hotel Market by Type 2020-2031, ($Million)
Table 39. Spain Luxury Hotel Market by Category 2020-2031, ($Million)
Table 40. Rest of Europe Luxury Hotel Market by Type 2020-2031, ($Million)
Table 41. Rest of Europe Luxury Hotel Market by Category 2020-2031, ($Million)
Table 42. Asia-Pacific Luxury Hotel Market, by Type, 2020-2031, ($Million)
Table 43. Asia-Pacific Luxury Hotel Market, by Category, 2020-2031, ($Million)
Table 44. Asia-Pacific Luxury Hotel Market, by Country, 2020-2031, ($Million)
Table 45. India Luxury Hotel Market by Type 2020-2031, ($Million)
Table 46. India Luxury Hotel Market by Category 2020-2031, ($Million)
Table 47. China Luxury Hotel Market by Type 2020-2031, ($Million)
Table 48. China Luxury Hotel Market by Category 2020-2031, ($Million)
Table 49. Japan Luxury Hotel Market by Type 2020-2031, ($Million)
Table 50. Japan Luxury Hotel Market by Category 2020-2031, ($Million)
Table 51. Thailand Luxury Hotel Market by Type 2020-2031, ($Million)
Table 52. Thailand Luxury Hotel Market by Category 2020-2031, ($Million)
Table 53. Rest of Asia-Pacific Luxury Hotel Market by Type 2020-2031, ($Million)
Table 54. Rest of Asia-Pacific Luxury Hotel Market by Category 2020-2031, ($Million)
Table 55. LAMEA Luxury Hotel Market, by Type, 2020-2031, ($Million)
Table 56. LAMEA Luxury Hotel Market, by Category, 2020-2031, ($Million)
Table 57. LAMEA Luxury Hotel Market, by Country, 2020-2031, ($Million)
Table 58. Brazil Luxury Hotel Market by Type 2020-2031, ($Million)
Table 59. Brazil Luxury Hotel Market by Category 2020-2031, ($Million)
Table 60. South Africa Luxury Hotel Market by Type 2020-2031, ($Million)
Table 61. South Africa Luxury Hotel Market by Category 2020-2031, ($Million)
Table 62. UAE Luxury Hotel Market by Type 2020-2031, ($Million)
Table 63. UAE Luxury Hotel Market by Category 2020-2031, ($Million)
Table 64. Rest of LAMEA Luxury Hotel Market by Type 2020-2031, ($Million)
Table 65. Rest of LAMEA Luxury Hotel Market by Category 2020-2031, ($Million)
Table 66. Four Seasons Holdings Inc.: Company Snapshot
Table 67. Four Seasons Holdings Inc.: Operating Segments
Table 68. Four Seasons Holdings Inc.: Product Portfolio
Table 69. Four Seasons Holdings Inc.: Net Sales
Table 70. Four Seasons Holdings Inc.: Key Stratergies
Table 71. Intercontinental Hotels Group: Company Snapshot
Table 72. Intercontinental Hotels Group: Operating Segments
Table 73. Intercontinental Hotels Group: Product Portfolio
Table 74. Intercontinental Hotels Group: Net Sales
Table 75. Intercontinental Hotels Group: Key Stratergies
Table 76. Marriott International Inc.: Company Snapshot
Table 77. Marriott International Inc.: Operating Segments
Table 78. Marriott International Inc.: Product Portfolio
Table 79. Marriott International Inc.: Net Sales
Table 80. Marriott International Inc.: Key Stratergies
Table 81. Hyatt Corporation: Company Snapshot
Table 82. Hyatt Corporation: Operating Segments
Table 83. Hyatt Corporation: Product Portfolio
Table 84. Hyatt Corporation: Net Sales
Table 85. Hyatt Corporation: Key Stratergies
Table 86. Itc Hotels Limited: Company Snapshot
Table 87. Itc Hotels Limited: Operating Segments
Table 88. Itc Hotels Limited: Product Portfolio
Table 89. Itc Hotels Limited: Net Sales
Table 90. Itc Hotels Limited: Key Stratergies
Table 91. Shangri-La International Hotel Management Ltd: Company Snapshot
Table 92. Shangri-La International Hotel Management Ltd: Operating Segments
Table 93. Shangri-La International Hotel Management Ltd: Product Portfolio
Table 94. Shangri-La International Hotel Management Ltd: Net Sales
Table 95. Shangri-La International Hotel Management Ltd: Key Stratergies
Table 96. Jumeirah International LLC: Company Snapshot
Table 97. Jumeirah International LLC: Operating Segments
Table 98. Jumeirah International LLC: Product Portfolio
Table 99. Jumeirah International LLC: Net Sales
Table 100. Jumeirah International LLC: Key Stratergies
Table 101. The Indian Hotel Companies Limited: Company Snapshot
Table 102. The Indian Hotel Companies Limited: Operating Segments
Table 103. The Indian Hotel Companies Limited: Product Portfolio
Table 104. The Indian Hotel Companies Limited: Net Sales
Table 105. The Indian Hotel Companies Limited: Key Stratergies
Table 106. Jardine Matheson Holdings Ltd: Company Snapshot
Table 107. Jardine Matheson Holdings Ltd: Operating Segments
Table 108. Jardine Matheson Holdings Ltd: Product Portfolio
Table 109. Jardine Matheson Holdings Ltd: Net Sales
Table 110. Jardine Matheson Holdings Ltd: Key Stratergies
Table 111. Kempinski Hotel San Lawrenz: Company Snapshot
Table 112. Kempinski Hotel San Lawrenz: Operating Segments
Table 113. Kempinski Hotel San Lawrenz: Product Portfolio
Table 114. Kempinski Hotel San Lawrenz: Net Sales
Table 115. Kempinski Hotel San Lawrenz: Key Stratergies
LIST OF FIGURES
Figure 1. Luxury Hotel Market Segmentation
Figure 2. Luxury Hotel Market, 2020-2031
Figure 3. Luxury Hotel Market, 2020-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Luxury Hotel Market:Drivers, Restraints and Opportunities
Figure 12. Market Share Analysis
Figure 12. Luxury Hotel Market, by Type, 2020 (%)
Figure 13. Comparative Share Analysis of Business Hotels Luxury Hotel Market, 2020-2031 (%)
Figure 14. Comparative Share Analysis of Airport Hotels Luxury Hotel Market, 2020-2031 (%)
Figure 15. Comparative Share Analysis of Suite Hotels Luxury Hotel Market, 2020-2031 (%)
Figure 16. Comparative Share Analysis of Resorts Luxury Hotel Market, 2020-2031 (%)
Figure 17. Comparative Share Analysis of Others Luxury Hotel Market, 2020-2031 (%)
Figure 18. Luxury Hotel Market, by Category, 2020 (%)
Figure 19. Comparative Share Analysis of Chain Luxury Hotel Market, 2020-2031 (%)
Figure 20. Comparative Share Analysis of Independent Luxury Hotel Market, 2020-2031 (%)
Figure 21. Luxury Hotel Market by Region, 2020
Figure 22. U.S. Luxury Hotel Market, 2020-2031 ($Million)
Figure 23. Canada Luxury Hotel Market, 2020-2031 ($Million)
Figure 24. Mexico Luxury Hotel Market, 2020-2031 ($Million)
Figure 25. United Kingdom Luxury Hotel Market, 2020-2031 ($Million)
Figure 26. Germany Luxury Hotel Market, 2020-2031 ($Million)
Figure 27. France Luxury Hotel Market, 2020-2031 ($Million)
Figure 28. Italy Luxury Hotel Market, 2020-2031 ($Million)
Figure 29. Spain Luxury Hotel Market, 2020-2031 ($Million)
Figure 30. Rest of Europe Luxury Hotel Market, 2020-2031 ($Million)
Figure 31. India Luxury Hotel Market, 2020-2031 ($Million)
Figure 32. China Luxury Hotel Market, 2020-2031 ($Million)
Figure 33. Japan Luxury Hotel Market, 2020-2031 ($Million)
Figure 34. Thailand Luxury Hotel Market, 2020-2031 ($Million)
Figure 35. Rest of Asia-Pacific Luxury Hotel Market, 2020-2031 ($Million)
Figure 36. Brazil Luxury Hotel Market, 2020-2031 ($Million)
Figure 37. South Africa Luxury Hotel Market, 2020-2031 ($Million)
Figure 38. Uae Luxury Hotel Market, 2020-2031 ($Million)
Figure 39. Rest of LAMEA Luxury Hotel Market, 2020-2031 ($Million)
Figure 40. Top Winning Strategies, by Year
Figure 41. Top Winning Strategies, by Development
Figure 42. Top Winning Strategies, by Company
Figure 43. Product Mapping of Top 10 Players
Figure 44. Competitive Dashboard
Figure 45. Competitive Heatmap of Top 10 Key Players
Figure 46. Four Seasons Holdings Inc. Net Sales, ($Million)
Figure 47. Intercontinental Hotels Group.: Net Sales, ($Million)
Figure 48. Marriott International Inc. Net Sales, ($Million)
Figure 49. Hyatt Corporation.: Net Sales, ($Million)
Figure 50. Itc Hotels Limited.: Net Sales, ($Million)
Figure 51. Shangri-La International Hotel Management Ltd.: Net Sales, ($Million)
Figure 52. Jumeirah International LLC.: Net Sales, ($Million)
Figure 53. The Indian Hotel Companies Limited.: Net Sales, ($Million)
Figure 54. Jardine Matheson Holdings Ltd.: Net Sales, ($Million)
Figure 55. Kempinski Hotel San Lawrenz.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Luxury Hotel Market,' the luxury hotel market was valued at $95,113.00 million in 2020, and is estimated to reach $160,481.23 million by 2031, growing at a CAGR of 5.1% from 2022 to 2031.

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 luxury hotel market growth. Increasing leisure activities, rising demand for recreational stays, and innovative services during the stays are few of the factor emerging as the luxury hotel market trends.

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 which holds strong position in luxury hotel market share.

Airport hotels segment accounted for around ~25% share of the overall luxury hotel market revenue in 2021. These hotels usually target business clients, passengers with overnight travel or cancelled flights, and airline crews or staff.

The world luxury hotel market focuses mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco hotel and serviced apartment). Based on the category, the luxury hotel industry is analyzed by chain and independent nature of businesses. As far as the geographical segmentation is concerned, the world luxury hotel market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

Key findings of the Study

  • North America is projected to maintain its leading position throughout 2031, growing at a CAGR of 5.1% from 2022 - 2031.
  • The business hotels segment occupied around ~40% of the total luxury hotel market size in 2021.
  • The U.S. occupied four-fifths of the total North American luxury hotel market in 2021 while Mexico is expected to grow at the fastest rate, growing at a CAGR of 7% from 2022 to 2031.
  • The major market players such as Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Ltd., and Jumeirah International LLC develop their product portfolios to strengthen their foothold in the market. The companies profiled in the report 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, and The Indian Hotel Companies Limited.

Companies Mentioned

  • 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
  • Jardine Matheson Holdings Ltd
  • kempinski hotel san lawrenz

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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