Luxury Hotel Market in APAC 2024-2028

Description

List of Tables

The luxury hotel market in APAC is forecasted to grow by USD 29.59 bn during 2023-2028, accelerating at a CAGR of 8.15% during the forecast period. The report on the luxury hotel market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of luxury hotels in APAC, expanding middle-class population with increased disposable income, and increased preference for luxury hotels.

Technavio's luxury hotel market in APAC is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.89%
CAGR	8.15%
Incremental Value	$29.59bn

By Type

Upscale
Upper-upscale
Luxury

By Ownership

Chain
Independent

This study identifies the higher acceptance of online booking platforms as one of the prime reasons driving the luxury hotel market in APAC growth during the next few years. Also, growing tourism industry in APAC and increasing number of sports and entertainment events organized in APAC will lead to sizable demand in the market.

The report on the luxury hotel market in APAC covers the following areas:

Luxury hotel market in APAC sizing
Luxury hotel market in APAC forecast
Luxury hotel market in APAC industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury hotel market in APAC vendors that include Accor SA, Aman Group S.a.r.l., Choice Hotels International Inc., COMO Hotels and Resorts Asia Pte. Ltd., Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hotel Okura Co. Ltd., Hyatt Hotels Corp., InterContinental Hotels Group PLC, ITC Ltd., Mandarin Oriental International Ltd, Marriott International Inc., Minor International PCL, Rosewood Hotel Group, Saffire Freycinet, Shangri La Asia Ltd., The Hongkong and Shanghai Hotels Ltd., The Indian Hotel Co. Ltd., THE REVERIE SAIGON, and Wyndham Hotels and Resorts Inc.. Also, the luxury hotel market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR77560

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 luxury hotel market in APAC 2018 - 2022
4.2 Type Segment Analysis 2018 - 2022
4.3 Ownership Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments
6.2 Comparison by Type
6.3 Upscale - Market size and forecast 2023-2028
6.4 Upper-upscale - Market size and forecast 2023-2028
6.5 Luxury - Market size and forecast 2023-2028
6.6 Market opportunity by Type

7 Market Segmentation by Ownership

7.1 Market segments
7.2 Comparison by Ownership
7.3 Chain - Market size and forecast 2023-2028
7.4 Independent - Market size and forecast 2023-2028
7.5 Market opportunity by Ownership

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 China - Market size and forecast 2023-2028
9.4 India - Market size and forecast 2023-2028
9.5 Indonesia - Market size and forecast 2023-2028
9.6 Japan - Market size and forecast 2023-2028
9.7 Rest of APAC - Market size and forecast 2023-2028
9.8 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Accor SA
12.4 Four Seasons Hotels Ltd.
12.5 Hilton Worldwide Holdings Inc.
12.6 Hotel Okura Co. Ltd.
12.7 Hyatt Hotels Corp.
12.8 InterContinental Hotels Group PLC
12.9 ITC Ltd.
12.10 Mandarin Oriental International Ltd
12.11 Marriott International Inc.
12.12 Rosewood Hotel Group
12.13 Saffire Freycinet
12.14 Shangri La Asia Ltd.
12.15 The Hongkong and Shanghai Hotels Ltd.
12.16 The Indian Hotel Co. Ltd.
12.17 THE REVERIE SAIGON

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations