United States Luxury Hotel Market Report and Forecast 2025-2034

The United States luxury hotel market size reached approximately USD 32.08 Billion in 2024. The market is further projected to grow at a CAGR of 5.60% between 2025 and 2034, reaching a value of USD 55.32 Billion by 2034.

Key Trends in the United States Luxury Hotel Market

Luxury hotels are known to offer luxurious accommodation experiences to thei guests by providing them with top-tiered services and facilities, including fine dining, upscale guestrooms, high-end spas and wellness centres, and twenty-four-hour fitness centres, among others. These hotels set themselves apart by establishing themselves as the epitome of opulence and comfort.

• The increase in business travel activities is supporting the United States luxury hotel market growth. These activities provide networking opportunities, allow the enhancement of client relationships, encourage cultural exchange, and promote professional development, among others.
• The expansion of the travel and tourism sector due to increasing disposable incomes is providing lucrative growth opportunities to the market. The elevated spending capabilities of the regional population allows them to splurge on extravagant vacations and hotels that offer world class facilities, including high quality furnishings, multiple activities, and round the clock services, among others.
• The rising requirement for personalised experiences and increasing emphasis on wellness is supporting the market expansion. Luxury hotels offer a plethora of services including wellness and meditation retreats and beauty treatments including facials, massages, and pedicures, among others. The availability of multi-cuisine menus is further bolstering their popularity in the United States.

United States Luxury Hotel Market Segmentation

The report titled “United States Luxury Hotel Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

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

Market Breakup by Category

• Chain
• Independent

Market Breakup by Region

• New England
• Mideast
• Great Lakes
• Plains
• Southeast
• Southwest
• Rocky Mountain
• Far West

United States Luxury Hotel Market Share by Type

As per the United States luxury hotel market analysis, business hotels are anticipated to witness significant growth over the forecast period. The increasing popularity of remote jobs and business travel for corporate bonding is supporting the segment growth. The provision of a well-rounded experience to the customers by offering various facilities and services including recreational activities, spas and wellness centres, and multi-cuisine restaurants, among others is further aiding the segment growth.

United States Luxury Hotel Market Share by Category

Chain hotels are anticipated to account for a significant United States luxury hotel market share. The rapid growth of the chain operated luxury hotels can be attributed to the increasing trust and brand recognition among the customers. The availability of standardised services and facilities across chain hotels provides consistency to the travellers, increasing brand loyalty. The segment expansion can also be attributed to the availability of a wide range of benefits including customer loyalty programs and referrals. The increasing incorporation of cutting-edge technologies by chain hotels including customised concierge services, mobile check-ins, and smart room control, among others are further boosting their popularity and propelling the United States luxury hotel market demand.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States luxury hotel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Rosewood Hotel Group

Rosewood Hotel Group is one of the leading multinational hotel management groups that was founded in 2005 and is headquartered in Hong Kong. The company is dedicated towards ensuring relationship hospitality, by doing so they strive to become the industry leader.

Four Seasons Hotels Limited

Four Seasons Hotels Limited is dedicated towards enhancing the travel experience of their customers through continual innovation in the hospitality sector. The company was founded in 1961 and is headquartered in Ontario, Canada.

Hyatt Hotels Corporation

Hyatt Hotels Corporation is one of the leading multinational hospitality companies that franchises and manages business and luxury resorts and hotels and vacation properties. The company was founded in 1957 and is headquartered in Illinois, United States.

Other United States luxury hotel market players include Marriott International, Inc., Accor SA, Intercontinental Hotels Group PLC, Hilton Worldwide Holdings Inc., Rancho Valencia Resort & Spa, Auberge Resorts LLC, and The Ritz-Carlton Hotel Company, L.L.C., among others.