The global luxury hotel market generated revenue of $15,535 million in 2019 and is expected to grow at a CAGR of +4% to reach $20,442 million by 2025.
A new analytical research report titled a global Luxury Hotel market has newly published by Report Consultant to its extensive database. It has been employed through data exploratory techniques such as qualitative and quantitative research methodologies
Luxury hotels provide a comfortable stay to tourist and travelers along with services such as spa, swimming pool, and fitness center. The market for the luxury hotel has grown significantly in the past few years due to a rise in the number of business travelers globally. Change in customer preference and upgradation in the services provided by hoteliers further boost the demand for luxury stays.
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Top Key Players:
- Marriott International
- Starwood Hotels & Resorts (Marriott)
- Hyatt Hotels
- Four Seasons Holdings Inc.
- Shangri-La International Hotel Management Ltd.
- InterContinental Hotels Group PLC
- Mandarin Oriental International Limited
- The Indian Hotels Company Limited
- Jumeirah International LLC
- Kerzner International Resorts, Inc.
- ITC Hotels Limited
It gives the broad elaboration of the market by analyzing the global market into several regions such as North America, Latin America, Asia-Pacific, the Middle East, and Africa They also throw light on prominent players in the global market. Additionally, it presents a comparative study of key players operating in global regions.
The Luxury Hotel market is segmented on the basis of various parameters. The factors which are impacting the market’s growth are studied in detail. The report also presents an overall weakness which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating and encouraging in the growth of the global Luxury Hotel market are included in the study.
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Luxury Hotel Market segment by Type:
- Business Hotel
- Suite Hotel
- Airport Hotel
- Resorts Hotel
Luxury Hotel Market segment by Application:
The study objectives of this report are:
To explore each submarket with reference to individual growth trends and contributions to the market.
To evaluate Luxury Hotel industry trends, historical data for estimations the coming years, and compound annual growth rates by the end of the forecast period (2018-2025).
To profile top market competitors and give comparative analysis based on business overviews, product portfolio, regional presence, and key financials to the idea of the competitive landscape.
Volume, Revenue and Growth Rate Forecast by Region (2018-2025).
Discussion of R&D, and the demand for new product launches and applications.
Industry outlook has been provided by illustrating some significant strategies adopted by them. The global Luxury Hotel market has been analyzed through industry analysis techniques such as SWOT and Porter’s five-technique. The notable feature of this research report is, it offers proper insights into the businesses by explaining drivers, restraints, and opportunities in front of the businesses.