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PUBLISHER: Grand View Research | PRODUCT CODE: 1405988

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PUBLISHER: Grand View Research | PRODUCT CODE: 1405988

Luxury Hotel Market Size, Share & Trends Analysis Report By Type (Business Hotels, Airport Hotels, Holiday Hotels, Resort & Spa, Others), By Region, And Segment Forecasts, 2023 - 2030

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Description

Table of Contents

List of Tables

Luxury Hotel Market Growth & Trends:

The global luxury hotel market size is expected to reach USD 126.56 million by 2030, expanding at a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow significantly over the forecast period owing to the increasing purchasing power of consumers and the rising number of international as well as domestic tourists on business or leisure trips.

Travelers opting for lavish vacations look chiefly for comfort and quality of service, while hotel tariffs may make for a secondary consideration. To compete in the luxury hotel market, companies are focused on providing unique customer experiences by investing in infrastructure and technologically advanced appliances. Building customer relations by extending the highest degree of hospitality is also a key area of focus.

Major players in the market are integrating room control systems through the Internet of Things (IoT) platform. As a result, guests can control cooling, heating, and lighting in their rooms wirelessly through mobile-based applications. Furthermore, simplified hotel reservation processes have upped demand in recent years. Online hotel bookings are supplemented by readily-available information in the form of photos and videos of the property, along with customer feedback.

Luxury Hotel Market Report Highlights:

  • The business hotel segment is expected to dominate the market throughout the forecast period. Thriving business tourism sector and the growing realization of the importance of rejuvenation and relaxation are driving this segment
  • North America is expected to retain its position as a key revenue generator by 2030 owing to an increase in the number of rooms. Expansion of hotel properties in the U.S. by luxury hotel chains such as St Regis, The Ritz-Carlton Hotel Company, L.L.C., Four Seasons Hotels Limited, and Fairmont Hotels & Resorts will also contribute to the market's growth
  • The Asia Pacific region is projected to expand at a CAGR of over 5.2% over the forecast period
  • Key players in the market include Shangri-La International Hotel Management Ltd.; Marriott International, Inc.; Taj Hotels Palaces Resorts Safari; AccorHotels; and InterContinental Hotels Group.
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Product Code: GVR-2-68038-139-9

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
    • 1.1.1. Type
    • 1.1.2. Regional scope
    • 1.1.3. Estimates and forecast timeline
  • 1.2. Research Methodology
  • 1.3. Information Procurement
    • 1.3.1. Purchased database
    • 1.3.2. GVR's internal database
    • 1.3.3. Secondary sources
    • 1.3.4. Primary research
    • 1.3.5. Details of primary research
  • 1.4. Information or Data Analysis
  • 1.5. Market Formulation & Validation
  • 1.6. Model Details
  • 1.7. List of Secondary Sources
  • 1.8. List of Primary Sources
  • 1.9. Objectives

Chapter 2. Executive Summary

  • 2.1. Market Outlook
  • 2.2. Segment Outlook
    • 2.2.1. Type outlook
    • 2.2.2. Regional outlook
  • 2.3. Competitive Insights

Chapter 3. Luxury Hotel Market Variables, Trends & Scope

  • 3.1. Market Lineage Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Market Dynamics
    • 3.3.1. Market driver analysis
    • 3.3.2. Market restraint analysis
    • 3.3.3. Market opportunity analysis
  • 3.4. Luxury Hotel Market Analysis Tools
    • 3.4.1. Industry Analysis - Porter's
      • 3.4.1.1. Supplier power
      • 3.4.1.2. Buyer power
      • 3.4.1.3. Substitution threat
      • 3.4.1.4. Threat of new entrant
      • 3.4.1.5. Competitive rivalry
    • 3.4.2. PESTEL Analysis
      • 3.4.2.1. Political landscape
      • 3.4.2.2. Technological landscape
      • 3.4.2.3. Economic landscape

Chapter 4. Luxury hotel: Type Estimates & Trend Analysis

  • 4.1. Luxury Hotel Market: Key Takeaways
  • 4.2. Luxury Hotel Market: Movement & Market Share Analysis, 2022 & 2030
  • 4.3. Business Hotels
    • 4.3.1. Business Hotels estimates and forecasts, 2017 to 2030 (USD Billion)
  • 4.4. Airport Hotels
    • 4.4.1. Airport Hotels market estimates and forecasts, 2017 to 2030 (USD Billion)
  • 4.5. Holiday Hotels
    • 4.5.1. Holiday Hotels market estimates and forecasts, 2017 to 2030 (USD Billion)
  • 4.6. Resorts & Spa
    • 4.6.1. Resorts & Spa market estimates and forecasts, 2017 to 2030 (USD Billion)
  • 4.7. Others
    • 4.7.1. Others market estimates and forecasts, 2017 to 2030 (USD Billion)

Chapter 5. Luxury Hotel Market: Regional Estimates & Trend Analysis

  • 5.1. Regional Outlook
  • 5.2. Luxury Hotel Market by Region: Key Takeaway
  • 5.3. North America
    • 5.3.1. North America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.3.2. U.S.
      • 5.3.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.3.3. Canada
      • 5.3.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
  • 5.4. Europe
    • 5.4.1. Europe Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.4.2. UK
      • 5.4.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.4.3. Germany
      • 5.4.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.4.4. France
      • 5.4.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
  • 5.5. Asia Pacific
    • 5.5.1. Asia Pacific Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.5.2. Japan
      • 5.5.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.5.3. China
      • 5.5.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.5.4. India
      • 5.5.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.5.5. Australia
      • 5.5.5.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.5.6. South Korea
      • 5.5.6.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
  • 5.6. Latin America
    • 5.6.1. Latin America Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.6.2. Brazil
      • 5.6.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.6.3. Mexico
      • 5.6.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
  • 5.7. MEA
    • 5.7.1. MEA Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.7.2. Saudi Arabia
      • 5.7.2.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.7.3. South Africa
      • 5.7.3.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)
    • 5.7.4. UAE
      • 5.7.4.1. Market estimates and forecasts, 2017 to 2030 (Revenue, USD Billion)

Chapter 6. Competitive Landscape

  • 6.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 6.2. Market Participant Categorization
    • 6.2.1. Accor
      • 6.2.1.1. Company overview
      • 6.2.1.2. Financial performance
      • 6.2.1.3. Product benchmarking
      • 6.2.1.4. Strategic initiatives
    • 6.2.2. Belmond Management Limited
      • 6.2.2.1. Company overview
      • 6.2.2.2. Financial performance
      • 6.2.2.3. Product benchmarking
      • 6.2.2.4. Strategic initiatives
    • 6.2.3. Four Seasons Hotel Limited
      • 6.2.3.1. Company overview
      • 6.2.3.2. Financial performance
      • 6.2.3.3. Product benchmarking
      • 6.2.3.4. Strategic initiatives
    • 6.2.4. InterContinental Hotel Group
      • 6.2.4.1. Company overview
      • 6.2.4.2. Financial performance
      • 6.2.4.3. Product benchmarking
      • 6.2.4.4. Strategic initiatives
    • 6.2.5. Mandarin Oriental Hotel Group Limited
      • 6.2.5.1. Company overview
      • 6.2.5.2. Financial performance
      • 6.2.5.3. Product benchmarking
      • 6.2.5.4. Strategic initiatives
    • 6.2.6. Marriott International, Inc.
      • 6.2.6.1. Company overview
      • 6.2.6.2. Financial performance
      • 6.2.6.3. Product benchmarking
      • 6.2.6.4. Strategic initiatives
    • 6.2.7. Rosewood Hotel Group
      • 6.2.7.1. Company overview
      • 6.2.7.2. Financial performance
      • 6.2.7.3. Product benchmarking
      • 6.2.7.4. Strategic initiatives
    • 6.2.8. The Indian Hotel Company Limited
      • 6.2.8.1. Company overview
      • 6.2.8.2. Financial performance
      • 6.2.8.3. Product benchmarking
      • 6.2.8.4. Strategic initiatives
    • 6.2.9. Radisson Hotel Group.
      • 6.2.9.1. Company overview
      • 6.2.9.2. Financial performance
      • 6.2.9.3. Product benchmarking
      • 6.2.9.4. Strategic initiatives
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Product Code: GVR-2-68038-139-9

List of Tables

  • Table 1 List of abbreviation
  • Table 2 North America luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 3 North America luxury hotel market, by region, 2017 - 2030 (USD Billion)
  • Table 4 U.S. luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 5 Canada luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 6 Europe luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 7 Europe luxury hotel market, by region, 2017 to 2030 (USD Billion)
  • Table 8 Germany luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 9 UK luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 10 France luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 11 Asia Pacific luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 12 Asia Pacific luxury hotel market, by region, 2017 - 2030 (USD Billion)
  • Table 13 China luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 14 Japan luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 15 India luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 16 Australia luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 17 South Korea luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 18 Latin America luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 19 Latin America luxury hotel market, by region, 2017 to 2030 (USD Billion)
  • Table 20 Brazil luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 21 Mexico luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 22 Middle East and Africa luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 23 Middle East and Africa luxury hotel market, by region, 2017 to 2030 (USD Billion)
  • Table 24 South Africa luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 25 Saudi Arabia luxury hotel market, by type, 2017 - 2030 (USD Billion)
  • Table 26 UAE luxury hotel market, by type, 2017 - 2030 (USD Billion)

List of Figures

  • Fig. 1 Market research process
  • Fig. 2 Data triangulation techniques
  • Fig. 3 Primary research pattern
  • Fig. 4 Market research approaches
  • Fig. 5 Value-chain-based sizing & forecasting
  • Fig. 6 QFD modeling for market share assessment
  • Fig. 7 Market formulation & validation
  • Fig. 8 Luxury hotel: Market outlook
  • Fig. 9 Luxury hotel: Competitive insights
  • Fig. 10 Parent market outlook
  • Fig. 11 Related/ancillary market outlook
  • Fig. 12 Penetration and growth prospect mapping
  • Fig. 13 Industry value chain analysis
  • Fig. 14 Luxury hotel market driver impact
  • Fig. 15 Luxury hotel market restraint impact
  • Fig. 16 Luxury hotel market strategic initiatives analysis
  • Fig. 17 Luxury hotel market: Type movement analysis
  • Fig. 18 Luxury hotel market: Type outlook and key takeaways
  • Fig. 19 Business hotels market estimates and forecasts, 2017 - 2030
  • Fig. 20 Airport hotels market estimates and forecasts, 2017 - 2030
  • Fig. 21 Holiday hotels market estimates and forecasts, 2017 - 2030
  • Fig. 22 Resorts & spa market estimates and forecasts, 2017 - 2030
  • Fig. 23 Others market estimates and forecasts, 2017 - 2030
  • Fig. 24 Global luxury hotel market: Regional movement analysis
  • Fig. 25 Global luxury hotel market: Regional outlook and key takeaways
  • Fig. 26 North America market estimates and forecasts, 2017 - 2030
  • Fig. 27 U.S. market estimates and forecasts, 2017 - 2030
  • Fig. 28 Canada market estimates and forecasts, 2017 - 2030
  • Fig. 29 Europe market estimates and forecasts, 2017 - 2030
  • Fig. 30 UK market estimates and forecasts, 2017 - 2030
  • Fig. 31 Germany market estimates and forecasts, 2017 - 2030
  • Fig. 32 France market estimates and forecasts, 2017 - 2030
  • Fig. 33 Asia Pacific market estimates and forecasts, 2017 - 2030
  • Fig. 34 Japan market estimates and forecasts, 2017 - 2030
  • Fig. 35 China market estimates and forecasts, 2017 - 2030
  • Fig. 36 India market estimates and forecasts, 2017 - 2030
  • Fig. 37 Australia market estimates and forecasts, 2017 - 2030
  • Fig. 38 South Korea market estimates and forecasts, 2017 - 2030
  • Fig. 39 Latin America market estimates and forecasts, 2017 - 2030
  • Fig. 40 Brazil market estimates and forecasts, 2017 - 2030
  • Fig. 41 Mexico market estimates and forecasts, 2017 - 2030
  • Fig. 42 Middle East and Africa market estimates and forecasts, 2017 - 2030
  • Fig. 43 Saudi Arabia market estimates and forecasts, 2017 - 2030
  • Fig. 44 South Africa market estimates and forecasts, 2017 - 2030
  • Fig. 45 UAE market estimates and forecasts, 2017 - 2030
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