PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1400678
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1400678
Europe Luxury Hotel Market Introduction and Overview
According to SPER Market Research, Europe Luxury Hotel Market Size-By Product Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Europe Luxury Hotel Market is predicted to reach USD 30.94 billion by 2033 with a CAGR of 7.6%.
Elegant hotels are enhanced by an array of extra amenities, such as bars, spas, fitness centers, heated and fresh swimming pools, grills, and other personalized services tailored to guests' requirements and tastes. To differentiate themselves from competitors, a number of these hotels offer private gardens or beach areas along with sunbeds.
Travel both domestically and internationally was temporarily halted by the COVID-19 pandemic, but there may have been long-term effects. In addition to the challenges that come with managing a business during a crisis, such as having to close during COVID-19 lockdowns, encountering issues with the business model, service standards, and procedures, and having limited cash flow, COVID-19 was predicted to intensify and accelerate long-term trends in the travel and hospitality industries, such as personalization, digital transformation, sustainability, and changing consumer preferences.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Product Type
Regions covered Central Region, Southern Region, Northern Region
Companies Covered Accor, Best Western, Carlson-Rezidor, Groupe Du Louvre, Hilton Worldwide, Hyatt Corporation, Intercontinental Hotels & Resorts, Marriott International Inc., Melia International, NH Hotels, Others
Europe Luxury Hotel Market Segmentation:
By Product Type: Based on the Product Type, Europe Luxury Hotel Market is segmented as; Business Hotel, Airport Hotel, Holiday Hotels, Resorts & Spa.
By Region: This research also includes data for Central Region, Southern Region, Northern Region.