Global Luxury Hotel Market Size study, by Service Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts, Others) and Regional Forecasts 2020-2027

BIZ4302338
200 Pages
April 2021
Tourism and Lifestyle

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Global Luxury Hotel Market is valued approximately at USD 93.37 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.1% over the forecast period 2020-2027. The increase in purchasing power and quality of living is two of the most important reasons driving people to luxurious resorts. Demand for luxurious hotels for business meetings, corporate stays, and recreational vacations is the as more investment is poured into the economy. The hosting of major sporting activities by a city or country has also pushed up demand for luxurious accommodations. Sports clubs, as well as fans coming from all around the world for the tournament, choose to stay in luxurious hotels, resulting in an increase in the number of reservations. For example, luxury hotel chains in Russia has organized for the 2018 FIFA World Cup. Major industry leaders are heavily investing in technology and updating their properties with the most up-to-date facilities in order to improve the aesthetics and overall convenience provided to consumers. For instance, the 174 luxurious suites at Sydney's Star Hotel & Casino provide full guest access. The suites are equipped with a Control4 system that allows customers to control the tv, music system, room temperature, blinds, and lighting from their tablet or mobile device. Light sensors are also used in the device, which help conserve electricity by turning lights off after 30 minutes of inactivity. Similarly, For managing and recording electrical fittings and appliances in its rooms, the Gateway Canyon Resort in Colorado has mounted a Crestron Electronics, Inc. automation system. Kapari, a luxury hotel on the Greek island of Santorini, has installed an automatic control system by AMX LLC in each room to provide guests with high-tech room control. However, high tariff and pricing in these hotels, may impede market growth over the forecast period of 2020-2027.

The regional analysis of the global Luxury Hotel Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market, since it is a global financial hub as well as one of the most popular tourist destinations for people across the world. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, As People in emerging economies such as India, China, Thailand, Brazil, and South Africa are expected to increase their profits, boosting the global tourism sector and boosting the overall economy.

Major market player included in this report are:

ITC HOTELS

Marriott International Inc.

Accor S.A.

Belmond Ltd.

Four Seasons Hotels Limited

InterContinental Hotels Group plc

Rosewood Hotels & Resorts

Ritz-Carlton Hotel Company, LLC

Hyatt Corporation

Shangri-La International Hotel Management Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:

Business Hotels

Airport Hotels

Suite Hotels

Resorts

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018

Base year – 2019

Forecast period – 2020 to 2027.

Target Audience of the Global Luxury Hotel Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)

1.2.1. Luxury Hotel Market, by Region, 2018-2027 (USD Billion)

1.2.2. Luxury Hotel Market, By Service Type, 2018-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Luxury Hotel Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Luxury Hotel Market Dynamics

3.1. Luxury Hotel Market Impact Analysis (2018-2027)

3.1.1. Market Drivers

3.1.2. Growing travel & tourism industry

3.1.3. Rising disposable income

3.1.4. Market Challenges

3.1.5. High costs of innovation and development

3.1.6. Market Opportunities

3.1.7. technological advancement and service innovation,

Chapter 4. Global Luxury Hotel Market: Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economic

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Luxury Hotel Market, by Service Type

5.1. Market Snapshot

5.2. Global Luxury Hotel Market by Service Type , Performance - Potential Analysis

5.3. Global Luxury Hotel Market Estimates & Forecasts by Service Type 2017-2027 (USD Billion)

5.4. Luxury Hotel Market, Sub Segment Analysis

5.4.1. Business Hotels

5.4.2. Airport Hotels

5.4.3. Suite Hotels

5.4.4. Resorts

5.4.5. Others

Chapter 6. Global Luxury Hotel Market, Regional Analysis

6.1. Luxury Hotel Market, Regional Market Snapshot

6.2. North America Luxury Hotel Market

6.2.1. U.S. Luxury Hotel Market

6.2.1.1. Service Type breakdown estimates & forecasts, 2017-2027

6.2.2. Canada Luxury Hotel Market

6.3. Europe Luxury Hotel Market Snapshot

6.3.1. U.K. Luxury Hotel Market

6.3.2. Germany Luxury Hotel Market

6.3.3. France Luxury Hotel Market

6.3.4. Spain Luxury Hotel Market

6.3.5. Italy Luxury Hotel Market

6.3.6. Rest of Europe Luxury Hotel Market

6.4. Asia-Pacific Luxury Hotel Market Snapshot

6.4.1. China Luxury Hotel Market

6.4.2. India Luxury Hotel Market

6.4.3. Japan Luxury Hotel Market

6.4.4. Australia Luxury Hotel Market

6.4.5. South Korea Luxury Hotel Market

6.4.6. Rest of Asia Pacific Luxury Hotel Market

6.5. Latin America Luxury Hotel Market Snapshot

6.5.1. Brazil Luxury Hotel Market

6.5.2. Mexico Luxury Hotel Market

6.6. Rest of The World Luxury Hotel Market

Chapter 7. Competitive Intelligence

7.1. Top Market Strategies

7.2. Company Profiles

7.2.1. ITC HOTELS

7.2.1.1. Key Information

7.2.1.2. Overview

7.2.1.3. Financial (Subject to Data Availability)

7.2.1.4. Product Summary

7.2.1.5. Recent Developments

7.2.2. Marriott International Inc.

7.2.3. Accor S.A.

7.2.4. Belmond Ltd.

7.2.5. Four Seasons Hotels Limited

7.2.6. InterContinental Hotels Group plc

7.2.7. Rosewood Hotels & Resorts

7.2.8. Ritz-Carlton Hotel Company, LLC

7.2.9. Hyatt Corporation

7.2.10. Shangri-La International Hotel Management Ltd.

Chapter 8. Research Process

8.1. Research Process

8.1.1. Data Mining

8.1.2. Analysis

8.1.3. Market Estimation

8.1.4. Validation

8.1.5. Publishing

8.2. Research Attributes

8.3. Research Assumption

List of Tables

TABLE 1. Global Luxury Hotel Market, report scope

TABLE 2. Global Luxury Hotel Market estimates & forecasts by region 2017-2027 (USD Billion)

TABLE 3. Global Luxury Hotel Market estimates & forecasts By Service Type 2017-2027 (USD Billion)

TABLE 4. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 5. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 6. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 7. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 8. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 9. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 10. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 11. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 12. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 13. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 14. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 15. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 16. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 17. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 18. Global Luxury Hotel Market by segment, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 19. Global Luxury Hotel Market by region, estimates & forecasts, 2017-2027 (USD Billion)

TABLE 20. U.S. Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 21. U.S. Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 22. U.S. Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 23. Canada Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 24. Canada Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 25. Canada Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 26. UK Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 27. UK Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 28. UK Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 29. Germany Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 30. Germany Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 31. Germany Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 32. France Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 33. France Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 34. France Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 35. Spain Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 36. Spain Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 37. Spain Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 38. Italy Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 39. Italy Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 40. Italy Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 41. ROE Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 42. ROE Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 43. ROE Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 44. China Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 45. China Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 46. China Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 47. India Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 48. India Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 49. India Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 50. Japan Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 51. Japan Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 52. Japan Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 53. Australia Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 54. Australia Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 55. Australia Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 56. South Korea Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 57. South Korea Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 58. South Korea Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 59. ROPAC Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 60. ROPAC Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 61. ROPAC Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 62. Brazil Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 63. Brazil Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 64. Brazil Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 65. Mexico Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 66. Mexico Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 67. Mexico Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 68. ROLA Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 69. ROLA Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 70. ROLA Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 71. ROW Luxury Hotel Market estimates & forecasts, 2017-2027 (USD Billion)

TABLE 72. ROW Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 73. ROW Luxury Hotel Market estimates & forecasts by segment 2017-2027 (USD Billion)

TABLE 74. List of secondary sources used in the study of global Luxury Hotel Market.

TABLE 75. List of primary sources used in the study of global Luxury Hotel Market.

TABLE 76. Years considered for the study.

TABLE 77. Exchange rates considered.

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