Luxury Hotel Global Market Report 2024

Luxury Hotel Global Market Report 2024 – By Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types), By Room Type (Luxury, Upper-Upscale, Upscale), By Category (Chain, Independent) – Market Size, Trends, And Global Forecast 2024-2033

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Luxury Hotel Global Market Report 2024

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Luxury Hotel Market Definition

A luxury hotel is a venue that offers a deluxe lodging experience to its guests, typically marked by upscale furnishings, extravagant touches, meticulous attention to aesthetic details, and outstanding service. These high-end establishments prioritize delivering an unforgettable experience for their guests, attending to their every need, and delighting them throughout their stay.

The main types of luxury hotels are business hotels, airport hotels, suite hotels, resorts, and others. Business hotels are establishments specifically designed to cater to the needs and preferences of business travelers. The room types involved are luxury, upper-upscale, and upscale, which are categorized as chain and independent.

Luxury Hotel Market Segmentation

The luxury hotel market covered in this report is segmented –

1) By Type: Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types

2) By Room Type: Luxury, Upper-Upscale, Upscale

3) By Category : Chain, Independent

Global Luxury Hotel Market Size 2023 to 2028: Graph

Luxury Hotel Market Size 2024 And Growth Rate

The luxury hotel market size has grown strongly in recent years. It will grow from $100.14 billion in 2023 to $106.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to economic growth and rising disposable income, increasing global tourism, cultural shift towards experiential travel, rise in business travel, brand differentiation and innovation, strategic location and destination appeal, cultural and heritage tourism trends..

Luxury Hotel Market Growth Forecast

The luxury hotel market size is expected to see strong growth in the next few years. It will grow to $131.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to continued economic prosperity, rising middle-class aspirations, sustainable and eco-friendly practices, health and wellness tourism, unique and authentic experiences, strategic partnerships and collaborations.. Major trends in the forecast period include emphasis on sustainable and eco-friendly practices, integration of smart hotel technologies, rise in wellness and health-centric offerings, customized experiences and personalization, culinary innovation and michelin-starred restaurants..

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Luxury Hotel Market Driver: Growth Of The Luxury Hotel Market Driven By Increase In Travel And Tourism

The increase in travel and tourism is expected to propel the growth of the luxury hotel market going forward. Travel and tourism refer to the activities of individuals or groups traveling to and staying in places outside their usual environment for leisure, business, or other purposes. Luxury hotels are integral to the travel and tourism industry, offering personalized services, exquisite accommodations, and unique experiences that cater to the discerning traveler's desire for comfort and exclusivity. For instance, in January 2023, according to the United Nations World Tourism Organization (UNWTO), a Spain-based intergovernmental organization, more than 900 million tourists traveled abroad in 2022, approximately double the amount recorded in 2021. Therefore, the increase in travel and tourism is driving the growth of the luxury hotel market.

Luxury Hotel Market Driver: Impact of High Operating Costs on the Luxury Hotel Market

High operating costs are expected to limit the growth of the luxury hotel market going forward. Operating costs in a luxury hotel refer to the ongoing expenses incurred in the day-to-day running of the hotel business. These costs are essential for maintaining the quality of service and amenities that define a luxury establishment. High operating costs often translate into well-trained and skilled staff, better service standards, and the ability to offer unique and personalized experiences to guests, which improves the prestige of the luxury hotel, drawing in discerning customers who are prepared to pay a premium for exceptional services. For instance, in August 2023, according to FinModelsLab, a Ukraine-based financial advisory firm that provides Excel economic model templates and custom financial modeling services, Luxury hotels in the United States typically allocate an average of $2,196 per available room annually for utilities and energy expenditures. The specific amount can fluctuate based on factors such as the hotel's size, geographical location, and the amenities it provides. Therefore, high operating costs are limiting the growth of the luxury hotel market.

Global Luxury Hotel Market Major Players

Major companies operating in the luxury hotel market report are Jardine Matheson Holdings Ltd, Marriott International, Inc., Hilton Hotels & Resorts, Hyatt Hotels Corporation, W Hotels, Kempinski Hotels S.A., Host Hotels & Resorts, Inc., Accor SA, Four Seasons Hotel Limited, Ritz-Carlton Hotel Company LLC, Park Hotels & Resorts, Rosewood Hotel Group, InterContinental Hotel Group , Jumeirah International LLC, Radisson Hotels International Inc, Shangri-La International Hotel Management Ltd, Belmond Management Limited, The Peninsula Hotels, Aman Resorts, Mandarin Oriental Hotel Group Limited, Soneva, Banyan Tree Holdings, Six Senses, Oetker Collection, Aloft Hotels, Auberge Resorts, The Luxe Life Hotel, Fairmont Hotels & Resorts, Waldorf Astoria , The Oberoi Group

Global Luxury Hotel Market Restraint: Elevating The Guest Experience With Hilton's Industry-Leading Enhancements

Major companies operating in the luxury hotel market focus on improving guest experience to enhance the digital welcome experience with the use of multiple technological enhancements. The guest experience refers to a guest's overall satisfaction during their interaction with a hotel or other hospitality service provider, encompassing all touchpoints from the booking process to the post-stay experience. For instance, in October 2021, Hilton Worldwide Holdings Inc., a US-based hospitality company, launched multiple technology enhancements to improve the guest experience and create a more seamless travel experience across the company's 18 world-class hotel brands. The enhancements include digital key sharing, automated complimentary room upgrades, confirmed connecting rooms, and enhanced booking options. Gold and Diamond Hilton Honors members receive 72-hour notices of possible upgrades, allowing them to select their improved accommodation immediately through the Hilton Honors app. These two additions join the recently introduced Confirmed Connecting Rooms, enabling individuals to quickly and instantaneously confirm at least two connecting rooms when booking.

Global Luxury Hotel Market Trend: Elevating The Guest Experience With Hilton's Industry-Leading Enhancements

Luxury Hotel Market Merger And Acquisition: Reliance Industries Ltd. Acquired Mandarin Oriental To Expand Hospitality Segment

In January 2022, Reliance Industries Ltd., an India-based petroleum refinery company, acquired Mandarin Oriental International Ltd. for approximately $98.15 million. With this acquisition, Reliance Industries Limited aims to expand its footprint in the luxury hospitality segment. Mandarin Oriental International Ltd. is a US-based luxury hotel group with hotels and residences in 25 countries and territories worldwide.

Regional Outlook For The Global Luxury Hotel Market

North America was the largest region in the luxury hotel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the luxury hotel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The luxury hotel market includes revenues earned by entities by spa services, event space, room sales and rentals services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The luxury hotel market research report is one of a series of new reports from The Business Research Company that provides luxury hotel market statistics, including luxury hotel industry global market size, regional shares, competitors with luxury hotel market share, detailed luxury hotel market segments, market trends, and opportunities, and any further data you may need to thrive in the luxury hotel industry. This luxury hotel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Luxury Hotel Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$106.78 billion
Revenue Forecast In 2033	$131.49 billion
Growth Rate	CAGR of 5.3% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Type: Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types 2) By Room Type: Luxury, Upper-Upscale, Upscale 3) By Category: Chain, Independent
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Jardine Matheson Holdings Ltd; Marriott International, Inc.; Hilton Hotels & Resorts; Hyatt Hotels Corporation; W Hotels; Kempinski Hotels S.A.; Host Hotels & Resorts, Inc.; Accor SA; Four Seasons Hotel Limited; Ritz-Carlton Hotel Company LLC; Park Hotels & Resorts; Rosewood Hotel Group; InterContinental Hotel Group; Jumeirah International LLC; Radisson Hotels International Inc; Shangri-La International Hotel Management Ltd; Belmond Management Limited; The Peninsula Hotels; Aman Resorts; Mandarin Oriental Hotel Group Limited; Soneva; Banyan Tree Holdings; Six Senses; Oetker Collection; Aloft Hotels; Auberge Resorts; The Luxe Life Hotel; Fairmont Hotels & Resorts; Waldorf Astoria; The Oberoi Group
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1. Executive Summary

2. Luxury Hotel Market Characteristics

3. Luxury Hotel Market Trends And Strategies

4. Luxury Hotel Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Luxury Hotel Market Size and Growth

5.1. Global Luxury Hotel Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Luxury Hotel Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Luxury Hotel Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Luxury Hotel Market Segmentation

6.1. Global Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Business Hotels

Airport Hotels

Suite Hotels

Resorts

Other Types

6.2. Global Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Luxury

Upper-Upscale

Upscale

6.3. Global Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Chain

Independent

7. Luxury Hotel Market Regional And Country Analysis

7.1. Global Luxury Hotel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Luxury Hotel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Luxury Hotel Market

8.1. Asia-Pacific Luxury Hotel Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Luxury Hotel Market

9.1. China Luxury Hotel Market Overview

9.2. China Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Luxury Hotel Market

10.1. India Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Luxury Hotel Market

11.1. Japan Luxury Hotel Market Overview

11.2. Japan Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Luxury Hotel Market

12.1. Australia Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Luxury Hotel Market

13.1. Indonesia Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Luxury Hotel Market

14.1. South Korea Luxury Hotel Market Overview

14.2. South Korea Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Luxury Hotel Market

15.1. Western Europe Luxury Hotel Market Overview

15.2. Western Europe Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Luxury Hotel Market

16.1. UK Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Luxury Hotel Market

17.1. Germany Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Luxury Hotel Market

18.1. France Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Luxury Hotel Market

19.1. Italy Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Luxury Hotel Market

20.1. Spain Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Luxury Hotel Market

21.1. Eastern Europe Luxury Hotel Market Overview

21.2. Eastern Europe Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Luxury Hotel Market

22.1. Russia Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Luxury Hotel Market

23.1. North America Luxury Hotel Market Overview

23.2. North America Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Luxury Hotel Market

24.1. USA Luxury Hotel Market Overview

24.2. USA Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Luxury Hotel Market

25.1. Canada Luxury Hotel Market Overview

25.2. Canada Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Luxury Hotel Market

26.1. South America Luxury Hotel Market Overview

26.2. South America Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Luxury Hotel Market

27.1. Brazil Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Luxury Hotel Market

28.1. Middle East Luxury Hotel Market Overview

28.2. Middle East Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Luxury Hotel Market

29.1. Africa Luxury Hotel Market Overview

29.2. Africa Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Luxury Hotel Market Competitive Landscape And Company Profiles

30.1. Luxury Hotel Market Competitive Landscape

30.2. Luxury Hotel Market Company Profiles

30.2.1. Jardine Matheson Holdings Ltd

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Marriott International, Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Hilton Hotels & Resorts

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Hyatt Hotels Corporation

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. W Hotels

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Luxury Hotel Market Other Major And Innovative Companies

31.1. Kempinski Hotels S.A.

31.2. Host Hotels & Resorts, Inc.

31.3. Accor SA

31.4. Four Seasons Hotel Limited

31.5. Ritz-Carlton Hotel Company LLC

31.6. Park Hotels & Resorts

31.7. Rosewood Hotel Group

31.8. InterContinental Hotel Group

31.9. Jumeirah International LLC

31.10. Radisson Hotels International Inc

31.11. Shangri-La International Hotel Management Ltd

31.12. Belmond Management Limited

31.13. The Peninsula Hotels

31.14. Aman Resorts

31.15. Mandarin Oriental Hotel Group Limited

32. Global Luxury Hotel Market Competitive Benchmarking

33. Global Luxury Hotel Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Luxury Hotel Market

35. Luxury Hotel Market Future Outlook and Potential Analysis

35.1 Luxury Hotel Market In 2028 - Countries Offering Most New Opportunities

35.2 Luxury Hotel Market In 2028 - Segments Offering Most New Opportunities

35.3 Luxury Hotel Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Luxury Hotel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Luxury Hotel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Jardine Matheson Holdings Ltd Financial Performance

Table 75: Marriott International, Inc. Financial Performance

Table 76: Hilton Hotels & Resorts Financial Performance

Table 77: Hyatt Hotels Corporation Financial Performance

Table 78: W Hotels Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Luxury Hotel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Luxury Hotel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Luxury Hotel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Luxury Hotel Market, Segmentation By Room Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Luxury Hotel Market, Segmentation By Category, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Jardine Matheson Holdings Ltd Financial Performance

Figure 75: Marriott International, Inc. Financial Performance

Figure 76: Hilton Hotels & Resorts Financial Performance

Figure 77: Hyatt Hotels Corporation Financial Performance

Figure 78: W Hotels Financial Performance

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Frequently Asked Questions

What is the definition of the luxury hotel market?

How will the luxury hotel market drivers and restraints affect the luxury hotel market dynamics? What forces will shape the luxury hotel industry going forward?

The luxury hotel market major growth driver - growth of the luxury hotel market driven by increase in travel and tourism. For further insights on the luxury hotel market, request a sample here

What is the forecast market size or the forecast market value of the luxury hotel market ?

The luxury hotel market size has grown strongly in recent years. It will grow from $100.14 billion in 2023 to $106.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to economic growth and rising disposable income, increasing global tourism, cultural shift towards experiential travel, rise in business travel, brand differentiation and innovation, strategic location and destination appeal, cultural and heritage tourism trends.. The luxury hotel market size is expected to see strong growth in the next few years. It will grow to $131.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to continued economic prosperity, rising middle-class aspirations, sustainable and eco-friendly practices, health and wellness tourism, unique and authentic experiences, strategic partnerships and collaborations.. Major trends in the forecast period include emphasis on sustainable and eco-friendly practices, integration of smart hotel technologies, rise in wellness and health-centric offerings, customized experiences and personalization, culinary innovation and michelin-starred restaurants.. For further insights on the luxury hotel market, request a sample here

How is the luxury hotel market segmented?

The luxury hotel market is segmented
1) By Type: Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types
2) By Room Type: Luxury, Upper-Upscale, Upscale
3) By Category : Chain, IndependentFor further insights on the luxury hotel market, request a sample here

Which region has the largest share of the luxury hotel market? What are the other regions covered in the report?

North America was the largest region in the luxury hotel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury hotel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the luxury hotel market, request a sample here.

Who are the major players in the luxury hotel market?

What are the key trends in the luxury hotel market?

Major trend in the luxury hotel market - elevating the guest experience with hilton's industry-leading enhancements. For further insights on the luxury hotel market, request a sample here.

What are the major opportunities in the luxury hotel market? What are the strategies for the luxury hotel market?

For detailed insights on the major opportunities and strategies in the luxury hotel market, request a sample here.

How does the luxury hotel market relate to the overall economy and other similar markets?

For detailed insights on luxury hotel market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the luxury hotel industry?

For detailed insights on the mergers and acquisitions in the luxury hotel industry, request a sample here.

What are the key dynamics influencing the luxury hotel market growth? SWOT analysis of the luxury hotel market.

For detailed insights on the key dynamics influencing the luxury hotel market growth and SWOT analysis of the luxury hotel industry, request a sample here.