Luxury Hotels Market - Global Outlook and Forecast 2022-2028

Publisher Name :
Date: 13-Jan-2022
No. of pages: 68

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.

This report contains market size and forecasts of Luxury Hotels in Global, including the following market information:

Global Luxury Hotels Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Luxury Hotels market was valued at 211520 million in 2021 and is projected to reach US$ 275140 million by 2028, at a CAGR of 3.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Business Hotel Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Luxury Hotels include Marriott International, Inc, Hilton, Starwood Hotels & Resorts, Hyatt Hotels, Four Seasons Holdings Inc., Shangri-La International, InterContinental Hotels Group, Mandarin Oriental International and The Indian Hotels Company, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Luxury Hotels companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Luxury Hotels Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Luxury Hotels Market Segment Percentages, by Type, 2021 (%)

- Business Hotel

- Suite Hotel

- Airport Hotel

- Resorts Hotel

Global Luxury Hotels Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Luxury Hotels Market Segment Percentages, by Application, 2021 (%)

- Room

- F&B

- SPA

- Other

Global Luxury Hotels Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Luxury Hotels Market Segment Percentages, By Region and Country, 2021 (%)

- North America

- - US

- - Canada

- - Mexico

- Europe

- - Germany

- - France

- - U.K.

- - Italy

- - Russia

- - Nordic Countries

- - Benelux

- - Rest of Europe

- Asia

- - China

- - Japan

- - South Korea

- - Southeast Asia

- - India

- - Rest of Asia

- South America

- - Brazil

- - Argentina

- - Rest of South America

- Middle East & Africa

- - Turkey

- - Israel

- - Saudi Arabia

- - UAE

- - Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Luxury Hotels revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Luxury Hotels revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

- 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

Luxury Hotels Market - Global Outlook and Forecast 2022-2028

Table of Contents

1 Introduction to Research & Analysis Reports
1.1 Luxury Hotels Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Luxury Hotels Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Luxury Hotels Overall Market Size
2.1 Global Luxury Hotels Market Size: 2021 VS 2028
2.2 Global Luxury Hotels Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Luxury Hotels Players in Global Market
3.2 Top Global Luxury Hotels Companies Ranked by Revenue
3.3 Global Luxury Hotels Revenue by Companies
3.4 Top 3 and Top 5 Luxury Hotels Companies in Global Market, by Revenue in 2021
3.5 Global Companies Luxury Hotels Product Type
3.6 Tier 1, Tier 2 and Tier 3 Luxury Hotels Players in Global Market
3.6.1 List of Global Tier 1 Luxury Hotels Companies
3.6.2 List of Global Tier 2 and Tier 3 Luxury Hotels Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Luxury Hotels Market Size Markets, 2021 & 2028
4.1.2 Business Hotel
4.1.3 Suite Hotel
4.1.4 Airport Hotel
4.1.5 Resorts Hotel
4.2 By Type - Global Luxury Hotels Revenue & Forecasts
4.2.1 By Type - Global Luxury Hotels Revenue, 2017-2022
4.2.2 By Type - Global Luxury Hotels Revenue, 2023-2028
4.2.3 By Type - Global Luxury Hotels Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Luxury Hotels Market Size, 2021 & 2028
5.1.2 Room
5.1.3 F&B
5.1.4 SPA
5.1.5 Other
5.2 By Application - Global Luxury Hotels Revenue & Forecasts
5.2.1 By Application - Global Luxury Hotels Revenue, 2017-2022
5.2.2 By Application - Global Luxury Hotels Revenue, 2023-2028
5.2.3 By Application - Global Luxury Hotels Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Luxury Hotels Market Size, 2021 & 2028
6.2 By Region - Global Luxury Hotels Revenue & Forecasts
6.2.1 By Region - Global Luxury Hotels Revenue, 2017-2022
6.2.2 By Region - Global Luxury Hotels Revenue, 2023-2028
6.2.3 By Region - Global Luxury Hotels Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Luxury Hotels Revenue, 2017-2028
6.3.2 US Luxury Hotels Market Size, 2017-2028
6.3.3 Canada Luxury Hotels Market Size, 2017-2028
6.3.4 Mexico Luxury Hotels Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Luxury Hotels Revenue, 2017-2028
6.4.2 Germany Luxury Hotels Market Size, 2017-2028
6.4.3 France Luxury Hotels Market Size, 2017-2028
6.4.4 U.K. Luxury Hotels Market Size, 2017-2028
6.4.5 Italy Luxury Hotels Market Size, 2017-2028
6.4.6 Russia Luxury Hotels Market Size, 2017-2028
6.4.7 Nordic Countries Luxury Hotels Market Size, 2017-2028
6.4.8 Benelux Luxury Hotels Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Luxury Hotels Revenue, 2017-2028
6.5.2 China Luxury Hotels Market Size, 2017-2028
6.5.3 Japan Luxury Hotels Market Size, 2017-2028
6.5.4 South Korea Luxury Hotels Market Size, 2017-2028
6.5.5 Southeast Asia Luxury Hotels Market Size, 2017-2028
6.5.6 India Luxury Hotels Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Luxury Hotels Revenue, 2017-2028
6.6.2 Brazil Luxury Hotels Market Size, 2017-2028
6.6.3 Argentina Luxury Hotels Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Luxury Hotels Revenue, 2017-2028
6.7.2 Turkey Luxury Hotels Market Size, 2017-2028
6.7.3 Israel Luxury Hotels Market Size, 2017-2028
6.7.4 Saudi Arabia Luxury Hotels Market Size, 2017-2028
6.7.5 UAE Luxury Hotels Market Size, 2017-2028
7 Players Profiles
7.1 Marriott International, Inc
7.1.1 Marriott International, Inc Corporate Summary
7.1.2 Marriott International, Inc Business Overview
7.1.3 Marriott International, Inc Luxury Hotels Major Product Offerings
7.1.4 Marriott International, Inc Luxury Hotels Revenue in Global Market (2017-2022)
7.1.5 Marriott International, Inc Key News
7.2 Hilton
7.2.1 Hilton Corporate Summary
7.2.2 Hilton Business Overview
7.2.3 Hilton Luxury Hotels Major Product Offerings
7.2.4 Hilton Luxury Hotels Revenue in Global Market (2017-2022)
7.2.5 Hilton Key News
7.3 Starwood Hotels & Resorts
7.3.1 Starwood Hotels & Resorts Corporate Summary
7.3.2 Starwood Hotels & Resorts Business Overview
7.3.3 Starwood Hotels & Resorts Luxury Hotels Major Product Offerings
7.3.4 Starwood Hotels & Resorts Luxury Hotels Revenue in Global Market (2017-2022)
7.3.5 Starwood Hotels & Resorts Key News
7.4 Hyatt Hotels
7.4.1 Hyatt Hotels Corporate Summary
7.4.2 Hyatt Hotels Business Overview
7.4.3 Hyatt Hotels Luxury Hotels Major Product Offerings
7.4.4 Hyatt Hotels Luxury Hotels Revenue in Global Market (2017-2022)
7.4.5 Hyatt Hotels Key News
7.5 Four Seasons Holdings Inc.
7.5.1 Four Seasons Holdings Inc. Corporate Summary
7.5.2 Four Seasons Holdings Inc. Business Overview
7.5.3 Four Seasons Holdings Inc. Luxury Hotels Major Product Offerings
7.5.4 Four Seasons Holdings Inc. Luxury Hotels Revenue in Global Market (2017-2022)
7.5.5 Four Seasons Holdings Inc. Key News
7.6 Shangri-La International
7.6.1 Shangri-La International Corporate Summary
7.6.2 Shangri-La International Business Overview
7.6.3 Shangri-La International Luxury Hotels Major Product Offerings
7.6.4 Shangri-La International Luxury Hotels Revenue in Global Market (2017-2022)
7.6.5 Shangri-La International Key News
7.7 InterContinental Hotels Group
7.7.1 InterContinental Hotels Group Corporate Summary
7.7.2 InterContinental Hotels Group Business Overview
7.7.3 InterContinental Hotels Group Luxury Hotels Major Product Offerings
7.7.4 InterContinental Hotels Group Luxury Hotels Revenue in Global Market (2017-2022)
7.7.5 InterContinental Hotels Group Key News
7.8 Mandarin Oriental International
7.8.1 Mandarin Oriental International Corporate Summary
7.8.2 Mandarin Oriental International Business Overview
7.8.3 Mandarin Oriental International Luxury Hotels Major Product Offerings
7.8.4 Mandarin Oriental International Luxury Hotels Revenue in Global Market (2017-2022)
7.8.5 Mandarin Oriental International Key News
7.9 The Indian Hotels Company
7.9.1 The Indian Hotels Company Corporate Summary
7.9.2 The Indian Hotels Company Business Overview
7.9.3 The Indian Hotels Company Luxury Hotels Major Product Offerings
7.9.4 The Indian Hotels Company Luxury Hotels Revenue in Global Market (2017-2022)
7.9.5 The Indian Hotels Company Key News
7.10 Jumeirah International LLC
7.10.1 Jumeirah International LLC Corporate Summary
7.10.2 Jumeirah International LLC Business Overview
7.10.3 Jumeirah International LLC Luxury Hotels Major Product Offerings
7.10.4 Jumeirah International LLC Luxury Hotels Revenue in Global Market (2017-2022)
7.10.5 Jumeirah International LLC Key News
7.11 Kerzner International Resorts
7.11.1 Kerzner International Resorts Corporate Summary
7.11.2 Kerzner International Resorts Business Overview
7.11.3 Kerzner International Resorts Luxury Hotels Major Product Offerings
7.11.4 Kerzner International Resorts Luxury Hotels Revenue in Global Market (2017-2022)
7.11.5 Kerzner International Resorts Key News
7.12 ITC Hotels Limited
7.12.1 ITC Hotels Limited Corporate Summary
7.12.2 ITC Hotels Limited Business Overview
7.12.3 ITC Hotels Limited Luxury Hotels Major Product Offerings
7.12.4 ITC Hotels Limited Luxury Hotels Revenue in Global Market (2017-2022)
7.12.5 ITC Hotels Limited Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List of Tables
Table 1. Luxury Hotels Market Opportunities & Trends in Global Market
Table 2. Luxury Hotels Market Drivers in Global Market
Table 3. Luxury Hotels Market Restraints in Global Market
Table 4. Key Players of Luxury Hotels in Global Market
Table 5. Top Luxury Hotels Players in Global Market, Ranking by Revenue (2021)
Table 6. Global Luxury Hotels Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global Luxury Hotels Revenue Share by Companies, 2017-2022
Table 8. Global Companies Luxury Hotels Product Type
Table 9. List of Global Tier 1 Luxury Hotels Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 Luxury Hotels Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type - Global Luxury Hotels Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - Luxury Hotels Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - Luxury Hotels Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application - Global Luxury Hotels Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - Luxury Hotels Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - Luxury Hotels Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region - Global Luxury Hotels Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global Luxury Hotels Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global Luxury Hotels Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America Luxury Hotels Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America Luxury Hotels Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe Luxury Hotels Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe Luxury Hotels Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia Luxury Hotels Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia Luxury Hotels Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America Luxury Hotels Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America Luxury Hotels Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa Luxury Hotels Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa Luxury Hotels Revenue, (US$, Mn), 2023-2028
Table 30. Marriott International, Inc Corporate Summary
Table 31. Marriott International, Inc Luxury Hotels Product Offerings
Table 32. Marriott International, Inc Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 33. Hilton Corporate Summary
Table 34. Hilton Luxury Hotels Product Offerings
Table 35. Hilton Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 36. Starwood Hotels & Resorts Corporate Summary
Table 37. Starwood Hotels & Resorts Luxury Hotels Product Offerings
Table 38. Starwood Hotels & Resorts Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 39. Hyatt Hotels Corporate Summary
Table 40. Hyatt Hotels Luxury Hotels Product Offerings
Table 41. Hyatt Hotels Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 42. Four Seasons Holdings Inc. Corporate Summary
Table 43. Four Seasons Holdings Inc. Luxury Hotels Product Offerings
Table 44. Four Seasons Holdings Inc. Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 45. Shangri-La International Corporate Summary
Table 46. Shangri-La International Luxury Hotels Product Offerings
Table 47. Shangri-La International Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 48. InterContinental Hotels Group Corporate Summary
Table 49. InterContinental Hotels Group Luxury Hotels Product Offerings
Table 50. InterContinental Hotels Group Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 51. Mandarin Oriental International Corporate Summary
Table 52. Mandarin Oriental International Luxury Hotels Product Offerings
Table 53. Mandarin Oriental International Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 54. The Indian Hotels Company Corporate Summary
Table 55. The Indian Hotels Company Luxury Hotels Product Offerings
Table 56. The Indian Hotels Company Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 57. Jumeirah International LLC Corporate Summary
Table 58. Jumeirah International LLC Luxury Hotels Product Offerings
Table 59. Jumeirah International LLC Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 60. Kerzner International Resorts Corporate Summary
Table 61. Kerzner International Resorts Luxury Hotels Product Offerings
Table 62. Kerzner International Resorts Luxury Hotels Revenue (US$, Mn), (2017-2022)
Table 63. ITC Hotels Limited Corporate Summary
Table 64. ITC Hotels Limited Luxury Hotels Product Offerings
Table 65. ITC Hotels Limited Luxury Hotels Revenue (US$, Mn), (2017-2022)
List of Figures
Figure 1. Luxury Hotels Segment by Type in 2021
Figure 2. Luxury Hotels Segment by Application in 2021
Figure 3. Global Luxury Hotels Market Overview: 2020
Figure 4. Key Caveats
Figure 5. Global Luxury Hotels Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global Luxury Hotels Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by Luxury Hotels Revenue in 2021
Figure 8. By Type - Global Luxury Hotels Revenue Market Share, 2017-2028
Figure 9. By Application - Global Luxury Hotels Revenue Market Share, 2017-2028
Figure 10. By Region - Global Luxury Hotels Revenue Market Share, 2017-2028
Figure 11. By Country - North America Luxury Hotels Revenue Market Share, 2017-2028
Figure 12. US Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 13. Canada Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe Luxury Hotels Revenue Market Share, 2017-2028
Figure 16. Germany Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 17. France Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 19. Italy Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 20. Russia Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia Luxury Hotels Revenue Market Share, 2017-2028
Figure 24. China Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 25. Japan Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 28. India Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America Luxury Hotels Revenue Market Share, 2017-2028
Figure 30. Brazil Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa Luxury Hotels Revenue Market Share, 2017-2028
Figure 33. Turkey Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 34. Israel Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 36. UAE Luxury Hotels Revenue, (US$, Mn), 2017-2028
Figure 37. Marriott International, Inc Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. Hilton Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Starwood Hotels & Resorts Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Hyatt Hotels Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. Four Seasons Holdings Inc. Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Shangri-La International Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 43. InterContinental Hotels Group Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 44. Mandarin Oriental International Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 45. The Indian Hotels Company Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 46. Jumeirah International LLC Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 47. Kerzner International Resorts Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 48. ITC Hotels Limited Luxury Hotels Revenue Year Over Year Growth (US$, Mn) & (2017-2022)

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