Global Luxury Hotel 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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Description Table Of Contents Tables & Figures Market Insights Related Reports

Luxury Hotel Market Definition And Segments

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.

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

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.

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.

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.

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

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.

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.

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.

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 Scope
Report AttributeDetails
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 Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; 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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    Table Of Contents

    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?

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. For further insights on the luxury hotel market, request a sample here

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?

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 For further insights on the luxury hotel market, request a sample here.

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.