Luxury Hotels Provide Travelers And Tourists With High-End Lodging Experience Including Facilities Such As Discreet Check-In & Check-Out, Heated & Fresh Water Swimming Pool (Private Swimming Pools Offered By Many Hotels), Spa, Fitness Area, And Others (Including Customized Services) That Distinguish Them From The Other Ordinary Hotels. Rise In Demand For Luxury Stays Due To Change In Preference Of Customers And Upgradation In The Services Provided By Hoteliers Boost The Growth Of The Luxury Hotel Market.
Rise In Travel & Tourism Industry, Growth In Preference For Leisure Travel, And Increase In Standard Of Living Are The Major Drivers That Fuel The Growth Of Luxury Hotel Market. However, Rise In Price Of Lodging Is Expected To Hinder The Market Growth. Emergence Of New Luxury Hotels Is Anticipated To Unfold New Business Opportunities For The Market In The Coming Years.
The Report Segments The Global Luxury Hotel Market On The Basis Of Type And Geography. Based On Type, The Market Is Classified Into Business Hotels, Airport Hotels, Suite Hotels, Resorts, And Others. Geographically, The Market Is Analyzed Across North America (U.S., Canada, And Mexico), Europe (France Germany, Italy, Spain, Uk, And Rest Of Europe), Asia-Pacific (China, South Korea, Australia, Japan, India, And Rest Of Asia-Pacific), And Lamea (Latin America, Middle East, And Africa).
Major Key Players Operating In The Market Are Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., Itc Hotels Limited, Shangri-La International Hotel Management Ltd., Jumeirah International Llc, The Indian Hotel Companies Limited, And Others.
Key Benefits for Stakeholders
Global Luxury Hotel Market Key Segmentation
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