Global Luxury Hotel Market 2025-2029

Description

List of Tables

The luxury hotel market is forecasted to grow by USD 79.2 bn during 2024-2029, accelerating at a CAGR of 5.8% during the forecast period. The report on the luxury hotel market 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 disposable income among guests, increased preference for luxury hotels to break monotony, and growing number of luxury hotels across world.

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	5.3%
CAGR	5.8%
Incremental Value	$79.2 bn

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's luxury hotel market is segmented as below:

By Type

Upscale
Upper-upscale
Luxury

By Ownership

Chain
Independent

By Mode Of Booking

Direct booking
Online travel agencies
Travel agents

By Geographical Landscape

North America
Europe
APAC
Middle East and Africa
South America

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

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

Luxury Hotel Market sizing
Luxury Hotel Market forecast
Luxury Hotel Market 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 vendors that include Accor S.A., Aman Group S.a.r.l., Best Western International Inc., Choice Hotels International Inc., Four Seasons Hotels Ltd., Hyatt Hotels Corp., InterContinental Hotels Group Plc, ITC Hotels Ltd., Jumeirah International LLC, Kempinski Hotels SA, Kerzner International Ltd., LVMH Moet Hennessy Louis Vuitton SE, Marriott International Inc., Rosewood Hotel Group, Shangri La Asia Ltd., Soneva Mauritius Ltd., The Indian Hotel Co. Ltd., and Wyndham Destinations Inc.. Also, the luxury hotel market 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 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 primary and secondary research. 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 accurate market growth.

Product Code: IRTNTR74830

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Ownership
- Executive Summary - Chart on Market Segmentation by Mode of Booking
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)

5 Historic Market Size

5.1 Global Luxury Hotel Market 2019 - 2023
- Historic Market Size - Data Table on Global Luxury Hotel Market 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Ownership segment analysis 2019 - 2023
- Historic Market Size - Ownership Segment 2019 - 2023 ($ billion)
5.4 Mode of Booking segment analysis 2019 - 2023
- Historic Market Size - Mode of Booking Segment 2019 - 2023 ($ billion)
5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)

6 Qualitative Analysis

6.1 The AI impact on Global Luxury Hotel Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
8.3 Upscale - Market size and forecast 2024-2029
- Chart on Upscale - Market size and forecast 2024-2029 ($ billion)
- Data Table on Upscale - Market size and forecast 2024-2029 ($ billion)
- Chart on Upscale - Year-over-year growth 2024-2029 (%)
- Data Table on Upscale - Year-over-year growth 2024-2029 (%)
8.4 Upper-upscale - Market size and forecast 2024-2029
- Chart on Upper-upscale - Market size and forecast 2024-2029 ($ billion)
- Data Table on Upper-upscale - Market size and forecast 2024-2029 ($ billion)
- Chart on Upper-upscale - Year-over-year growth 2024-2029 (%)
- Data Table on Upper-upscale - Year-over-year growth 2024-2029 (%)
8.5 Luxury - Market size and forecast 2024-2029
- Chart on Luxury - Market size and forecast 2024-2029 ($ billion)
- Data Table on Luxury - Market size and forecast 2024-2029 ($ billion)
- Chart on Luxury - Year-over-year growth 2024-2029 (%)
- Data Table on Luxury - Year-over-year growth 2024-2029 (%)
8.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by Ownership

9.1 Market segments
- Chart on Ownership - Market share 2024-2029 (%)
- Data Table on Ownership - Market share 2024-2029 (%)
9.2 Comparison by Ownership
- Chart on Comparison by Ownership
- Data Table on Comparison by Ownership
9.3 Chain - Market size and forecast 2024-2029
- Chart on Chain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Chain - Market size and forecast 2024-2029 ($ billion)
- Chart on Chain - Year-over-year growth 2024-2029 (%)
- Data Table on Chain - Year-over-year growth 2024-2029 (%)
9.4 Independent - Market size and forecast 2024-2029
- Chart on Independent - Market size and forecast 2024-2029 ($ billion)
- Data Table on Independent - Market size and forecast 2024-2029 ($ billion)
- Chart on Independent - Year-over-year growth 2024-2029 (%)
- Data Table on Independent - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Ownership
- Market opportunity by Ownership ($ billion)
- Data Table on Market opportunity by Ownership ($ billion)

10 Market Segmentation by Mode of Booking

10.1 Market segments
- Chart on Mode of Booking - Market share 2024-2029 (%)
- Data Table on Mode of Booking - Market share 2024-2029 (%)
10.2 Comparison by Mode of Booking
- Chart on Comparison by Mode of Booking
- Data Table on Comparison by Mode of Booking
10.3 Direct booking - Market size and forecast 2024-2029
- Chart on Direct booking - Market size and forecast 2024-2029 ($ billion)
- Data Table on Direct booking - Market size and forecast 2024-2029 ($ billion)
- Chart on Direct booking - Year-over-year growth 2024-2029 (%)
- Data Table on Direct booking - Year-over-year growth 2024-2029 (%)
10.4 Online travel agencies - Market size and forecast 2024-2029
- Chart on Online travel agencies - Market size and forecast 2024-2029 ($ billion)
- Data Table on Online travel agencies - Market size and forecast 2024-2029 ($ billion)
- Chart on Online travel agencies - Year-over-year growth 2024-2029 (%)
- Data Table on Online travel agencies - Year-over-year growth 2024-2029 (%)
10.5 Travel agents - Market size and forecast 2024-2029
- Chart on Travel agents - Market size and forecast 2024-2029 ($ billion)
- Data Table on Travel agents - Market size and forecast 2024-2029 ($ billion)
- Chart on Travel agents - Year-over-year growth 2024-2029 (%)
- Data Table on Travel agents - Year-over-year growth 2024-2029 (%)
10.6 Market opportunity by Mode of Booking
- Market opportunity by Mode of Booking ($ billion)
- Data Table on Market opportunity by Mode of Booking ($ billion)

11 Customer Landscape

11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

12 Geographic Landscape

12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
12.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
12.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
12.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
12.11 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
12.12 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
12.13 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
12.14 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
12.15 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
12.16 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
12.17 Spain - Market size and forecast 2024-2029
- Chart on Spain - Market size and forecast 2024-2029 ($ billion)
- Data Table on Spain - Market size and forecast 2024-2029 ($ billion)
- Chart on Spain - Year-over-year growth 2024-2029 (%)
- Data Table on Spain - Year-over-year growth 2024-2029 (%)
12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 Accor S.A.
- Accor S.A. - Overview
- Accor S.A. - Business segments
- Accor S.A. - Key news
- Accor S.A. - Key offerings
- Accor S.A. - Segment focus
- SWOT
15.5 Best Western International Inc.
- Best Western International Inc. - Overview
- Best Western International Inc. - Product / Service
- Best Western International Inc. - Key offerings
- SWOT
15.6 Choice Hotels International Inc.
- Choice Hotels International Inc. - Overview
- Choice Hotels International Inc. - Product / Service
- Choice Hotels International Inc. - Key offerings
- SWOT
15.7 Four Seasons Hotels Ltd.
- Four Seasons Hotels Ltd. - Overview
- Four Seasons Hotels Ltd. - Product / Service
- Four Seasons Hotels Ltd. - Key offerings
- SWOT
15.8 Hyatt Hotels Corp.
- Hyatt Hotels Corp. - Overview
- Hyatt Hotels Corp. - Business segments
- Hyatt Hotels Corp. - Key offerings
- Hyatt Hotels Corp. - Segment focus
- SWOT
15.9 InterContinental Hotels Group Plc
- InterContinental Hotels Group Plc - Overview
- InterContinental Hotels Group Plc - Product / Service
- InterContinental Hotels Group Plc - Key offerings
- SWOT
15.10 ITC Hotels Ltd.
- ITC Hotels Ltd. - Overview
- ITC Hotels Ltd. - Product / Service
- ITC Hotels Ltd. - Key offerings
- SWOT
15.11 Jumeirah International LLC
- Jumeirah International LLC - Overview
- Jumeirah International LLC - Product / Service
- Jumeirah International LLC - Key offerings
- SWOT
15.12 Kempinski Hotels SA
- Kempinski Hotels SA - Overview
- Kempinski Hotels SA - Product / Service
- Kempinski Hotels SA - Key news
- Kempinski Hotels SA - Key offerings
- SWOT
15.13 LVMH Moet Hennessy Louis Vuitton SE
- LVMH Moet Hennessy Louis Vuitton SE - Overview
- LVMH Moet Hennessy Louis Vuitton SE - Business segments
- LVMH Moet Hennessy Louis Vuitton SE - Key news
- LVMH Moet Hennessy Louis Vuitton SE - Key offerings
- LVMH Moet Hennessy Louis Vuitton SE - Segment focus
- SWOT
15.14 Marriott International Inc.
- Marriott International Inc. - Overview
- Marriott International Inc. - Business segments
- Marriott International Inc. - Key news
- Marriott International Inc. - Key offerings
- Marriott International Inc. - Segment focus
- SWOT
15.15 Rosewood Hotel Group
- Rosewood Hotel Group - Overview
- Rosewood Hotel Group - Product / Service
- Rosewood Hotel Group - Key offerings
- SWOT
15.16 Shangri La Asia Ltd.
- Shangri La Asia Ltd. - Overview
- Shangri La Asia Ltd. - Product / Service
- Shangri La Asia Ltd. - Key offerings
- SWOT
15.17 The Indian Hotel Co. Ltd.
- The Indian Hotel Co. Ltd. - Overview
- The Indian Hotel Co. Ltd. - Product / Service
- The Indian Hotel Co. Ltd. - Key offerings
- SWOT
15.18 Wyndham Destinations Inc.
- Wyndham Destinations Inc. - Overview
- Wyndham Destinations Inc. - Product / Service
- Wyndham Destinations Inc. - Key offerings
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations