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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.
Nowadays, the top five companies make up more than 26.37% market share of the luxury hotels market, and the world's large enterprises are mainly concentrated in North America. The top five vendors are Marriott International, Hilton, Hyatt Hotels, Four Seasons Holdings Inc. and Shangri-La International Hotel Management Ltd. They respectively took a global market share as 13.59%, 6.59%, 2.53%, 2.41%, and 1.24% in 2017.
United States was the largest consumer market with a market share of 35.71% in 2013 and 32.05% in 2017 with a decrease of 3.66%. China and EU ranked the second and third markets with the market share of 18.58% and 17.28% in 2017.
According to this study, over the next five years the Luxury Hotel market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 222900 million by 2024, from US$ 171100 million in 2019. In particular, this report presents the global revenue market share of key companies in Luxury Hotel business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Luxury Hotel market by product type, application, key companies and key regions.
This study considers the Luxury Hotel value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Business Hotel
Suite Hotel
Resorts Hotel
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Room
F&B
SPA
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Marriott International
Hilton
Starwood Hotels & Resorts (Marriott)
Hyatt Hotels
Four Seasons Holdings
Shangri-La International Hotel Management Ltd.
InterContinental Hotels Group PLC
Mandarin Oriental International Limited
The Indian Hotels Company Limited
Jumeirah International LLC
Kerzner International Resorts
ITC Hotels Limited
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Luxury Hotel market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Luxury Hotel market by identifying its various subsegments.
Focuses on the key global Luxury Hotel players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Hotel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Luxury Hotel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global Luxury Hotel Market Report (Status and Outlook)
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Luxury Hotel Market Size 2014-2024
2.1.2 Luxury Hotel Market Size CAGR by Region
2.2 Luxury Hotel Segment by Type
2.2.1 Business Hotel
2.2.2 Suite Hotel
2.2.3 Airport Hotel
2.2.4 Resorts Hotel
2.3 Luxury Hotel Market Size by Type
2.3.1 Global Luxury Hotel Market Size Market Share by Type (2014-2019)
2.3.2 Global Luxury Hotel Market Size Growth Rate by Type (2014-2019)
2.4 Luxury Hotel Segment by Application
2.4.1 Room
2.4.2 F&B
2.4.3 SPA
2.4.4 Others
2.5 Luxury Hotel Market Size by Application
2.5.1 Global Luxury Hotel Market Size Market Share by Application (2014-2019)
2.5.2 Global Luxury Hotel Market Size Growth Rate by Application (2014-2019)
3 Global Luxury Hotel by Players
3.1 Global Luxury Hotel Market Size Market Share by Players
3.1.1 Global Luxury Hotel Market Size by Players (2017-2019)
3.1.2 Global Luxury Hotel Market Size Market Share by Players (2017-2019)
3.2 Global Luxury Hotel Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Luxury Hotel by Regions
4.1 Luxury Hotel Market Size by Regions
4.2 Americas Luxury Hotel Market Size Growth
4.3 APAC Luxury Hotel Market Size Growth
4.4 Europe Luxury Hotel Market Size Growth
4.5 Middle East & Africa Luxury Hotel Market Size Growth
5 Americas
5.1 Americas Luxury Hotel Market Size by Countries
5.2 Americas Luxury Hotel Market Size by Type
5.3 Americas Luxury Hotel Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC Luxury Hotel Market Size by Countries
6.2 APAC Luxury Hotel Market Size by Type
6.3 APAC Luxury Hotel Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe Luxury Hotel by Countries
7.2 Europe Luxury Hotel Market Size by Type
7.3 Europe Luxury Hotel Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa Luxury Hotel by Countries
8.2 Middle East & Africa Luxury Hotel Market Size by Type
8.3 Middle East & Africa Luxury Hotel Market Size by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Global Luxury Hotel Market Forecast
10.1 Global Luxury Hotel Market Size Forecast (2019-2024)
10.2 Global Luxury Hotel Forecast by Regions
10.2.1 Global Luxury Hotel Forecast by Regions (2019-2024)
10.2.2 Americas Market Forecast
10.2.3 APAC Market Forecast
10.2.4 Europe Market Forecast
10.2.5 Middle East & Africa Market Forecast
10.3 Americas Forecast by Countries
10.3.1 United States Market Forecast
10.3.2 Canada Market Forecast
10.3.3 Mexico Market Forecast
10.3.4 Brazil Market Forecast
10.4 APAC Forecast by Countries
10.4.1 China Market Forecast
10.4.2 Japan Market Forecast
10.4.3 Korea Market Forecast
10.4.4 Southeast Asia Market Forecast
10.4.5 India Market Forecast
10.4.6 Australia Market Forecast
10.5 Europe Forecast by Countries
10.5.1 Germany Market Forecast
10.5.2 France Market Forecast
10.5.3 UK Market Forecast
10.5.4 Italy Market Forecast
10.5.5 Russia Market Forecast
10.5.6 Spain Market Forecast
10.6 Middle East & Africa Forecast by Countries
10.6.1 Egypt Market Forecast
10.6.2 South Africa Market Forecast
10.6.3 Israel Market Forecast
10.6.4 Turkey Market Forecast
10.6.5 GCC Countries Market Forecast
10.7 Global Luxury Hotel Forecast by Type
10.8 Global Luxury Hotel Forecast by Application
11 Key Players Analysis
11.1 Marriott International
11.1.1 Company Details
11.1.2 Luxury Hotel Product Offered
11.1.3 Marriott International Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.1.4 Main Business Overview
11.1.5 Marriott International News
11.2 Hilton
11.2.1 Company Details
11.2.2 Luxury Hotel Product Offered
11.2.3 Hilton Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.2.4 Main Business Overview
11.2.5 Hilton News
11.3 Starwood Hotels & Resorts (Marriott)
11.3.1 Company Details
11.3.2 Luxury Hotel Product Offered
11.3.3 Starwood Hotels & Resorts (Marriott) Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.3.4 Main Business Overview
11.3.5 Starwood Hotels & Resorts (Marriott) News
11.4 Hyatt Hotels
11.4.1 Company Details
11.4.2 Luxury Hotel Product Offered
11.4.3 Hyatt Hotels Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.4.4 Main Business Overview
11.4.5 Hyatt Hotels News
11.5 Four Seasons Holdings
11.5.1 Company Details
11.5.2 Luxury Hotel Product Offered
11.5.3 Four Seasons Holdings Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.5.4 Main Business Overview
11.5.5 Four Seasons Holdings News
11.6 Shangri-La International Hotel Management Ltd.
11.6.1 Company Details
11.6.2 Luxury Hotel Product Offered
11.6.3 Shangri-La International Hotel Management Ltd. Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.6.4 Main Business Overview
11.6.5 Shangri-La International Hotel Management Ltd. News
11.7 InterContinental Hotels Group PLC
11.7.1 Company Details
11.7.2 Luxury Hotel Product Offered
11.7.3 InterContinental Hotels Group PLC Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.7.4 Main Business Overview
11.7.5 InterContinental Hotels Group PLC News
11.8 Mandarin Oriental International Limited
11.8.1 Company Details
11.8.2 Luxury Hotel Product Offered
11.8.3 Mandarin Oriental International Limited Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.8.4 Main Business Overview
11.8.5 Mandarin Oriental International Limited News
11.9 The Indian Hotels Company Limited
11.9.1 Company Details
11.9.2 Luxury Hotel Product Offered
11.9.3 The Indian Hotels Company Limited Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.9.4 Main Business Overview
11.9.5 The Indian Hotels Company Limited News
11.10 Jumeirah International LLC
11.10.1 Company Details
11.10.2 Luxury Hotel Product Offered
11.10.3 Jumeirah International LLC Luxury Hotel Revenue, Gross Margin and Market Share (2017-2019)
11.10.4 Main Business Overview
11.10.5 Jumeirah International LLC News
11.11 Kerzner International Resorts
11.12 ITC Hotels Limited
12 Research Findings and Conclusion
List of Tables and Figures
Table Product Specifications of Luxury Hotel
Figure Luxury Hotel Report Years Considered
Figure Market Research Methodology
Figure Global Luxur
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