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The luxury hotel industry is one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences.
LPI (LP Information)' newest research report, the "Luxury Hotels Industry Forecast" looks at past sales and reviews total world Luxury Hotels sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Hotels sales for 2023 through 2029. With Luxury Hotels sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Hotels industry.
This Insight Report provides a comprehensive analysis of the global Luxury Hotels landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Luxury Hotels portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Hotels market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Hotels and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Luxury Hotels.
The global Luxury Hotels market size is projected to grow from US$ 201100 million in 2022 to US$ 267310 million in 2029; it is expected to grow at a CAGR of 4.1% from 2023 to 2029.
Global Luxury Hotels key players include Marriott International, Inc, Hilton, Hyatt Hotels, Four Seasons Holdings Inc., etc. Global top four manufacturers hold a share about 25%.
United States is the largest market, with a share about 30%, followed by China, and Europe, both have a share over 35 percent.
In terms of product, Suite Hotels is the largest segment, with a share nearly 40%. And in terms of application, the largest application is F&B, followed by Room, SPA, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Hotels market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
- Business Hotel
- Suite Hotel
- Airport Hotel
- Resorts Hotel
Segmentation by application
- Room
- F&B
- SPA
- Other
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Marriott International, Inc
- Hilton
- Starwood Hotels & Resorts
- Hyatt Hotels
- Four Seasons Holdings Inc.
- Shangri-La International
- InterContinental Hotels Group
- Mandarin Oriental International
- The Indian Hotels Company
- Jumeirah International LLC
- Kerzner International Resorts
- ITC Hotels Limited