Global Luxury Hotel Market Growth (Status and Outlook) 2019-2024

Published On: July 2019 | Report ID: 178051 | Category: Business ServicesPages: 138

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.

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

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