Luxury Hotel
SKU
MRR-437896AA3B76
Region
Global
Publication Date
March 2024
Delivery
Immediate
2023
USD 100.18 billion
2030
USD 144.36 billion
2024
USD 105.39 billion
CAGR
5.35%

Luxury Hotel Market by Type (Airport Hotel, Business Hotel, Holiday Hotel), Operation (Chain, Independent) - Global Forecast 2024-2030

[192 Pages Report] The Luxury Hotel Market size was estimated at USD 100.18 billion in 2023 and expected to reach USD 105.39 billion in 2024, at a CAGR 5.35% to reach USD 144.36 billion by 2030.

Luxury Hotel Market
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The luxury hotel market is an upscale segment targeting patrons who seek exceptional service and are willing to pay for exclusivity and comfort. Luxury hotels are primarily engaged in providing sophisticated lodging options, event spaces, and refined dining services to individual travelers, businesses, and the event industry. The luxury hotel market is heavily driven by the increasing disposable income among the middle and upper-class populations. Additionally, the growing preference for leisure travel and the desire for unique and personalized experiences are significant drivers. The rise of international tourism and the expansion of the business travel sector also contribute to the upward trajectory of this market. Despite the strong growth prospects, the market faces challenges owing to high operational costs associated with maintaining the expected standard of luxury and service. The luxury hotel sector also faces stiff competition from alternative accommodations, such as luxury rentals and boutique hotels. Additionally, economic downturns and geopolitical issues can greatly affect international travel and, consequently, the demand for luxury accommodations. However, opportunities for growth in the luxury hotel market include tapping into emerging markets where luxury travel is becoming more accessible. Innovation in service and the integration of advanced technologies for improved customer experience are also key opportunities. Furthermore, sustainable and eco-friendly practices can attract a segment of travelers concerned with environmental impact, thus opening new avenues for market expansion.

Luxury Hotel Market - Global Forecast 2024-2030
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Type: Growing preference for holiday hotel driven by the tourism across the globe

Airport hotels are targeted towards travelers in transit and with early morning and late evening flights. These hotels prioritize convenience and efficiency, often providing amenities, including shuttle services, soundproofed rooms, and flexible check-in/check-out policies. They cater to both business and leisure travelers who require proximity to the airport. Business hotels are designed to support individuals traveling for work purposes. These accommodations provide facilities such as meeting rooms, business centers, high-speed internet, and dining options that cater to the fast-paced nature of business travel. Holiday hotels focus on leisure travel and are often located in destination cities and popular tourist locations. These hotels offer a relaxing environment and recreational amenities such as local tours, swimming pools, and family-friendly activities. Leisure travelers prioritize holiday hotels for their comfort, local culture immersion, and recreational facilities. Resorts and spa hotels provide a sanctuary for physical and mental relaxation. Resorts and spa hotels are typically found in exotic and secluded locations and combine luxurious accommodations with health-focused amenities such as spas, fitness centers, and specialized dining menus. Resorts & Spa hotels are ideal for health-conscious travelers, those seeking a retreat from daily life, and couples looking for a romantic getaway.

Operation: Rising significance of chain luxury hotels leveraging their expansive networks to offer uniformity and reliability

Chain luxury hotels are characterized by establishments that are part of a larger conglomerate and network, sharing a collective brand identity, operational standards, marketing strategies, and guest loyalty programs. They typically rely on economies of scale to reduce costs and maintain consistent service quality across locations. Chain luxury hotels offer a wide range of amenities and services that meet the high expectations of luxury travelers. Independent luxury hotels are stand-alone properties not affiliated with a larger chain and brand. These hotels pride themselves on their unique character, bespoke services, and the ability to provide a localized and often more personalized experience for their guests.

Regional Insights

The luxury hotel market in the Americas has shown robust growth, with the hospitality industry recovering from the COVID-19 pandemic. Demand for luxury accommodations has been driven by domestic tourism and a gradual return of international travelers in the region. In Europe, the luxury hotel sector is experiencing a return to pre-pandemic occupancy levels aided by a strong rebound in leisure travel. The Middle East continues to flourish as a luxury destination owing to its ambitious tourism developments and mega-events. In contrast, Africa's luxury hotel market remains diverse, with North Africa showing growth while Sub-Saharan Africa is hindered by less-established tourism infrastructure and geopolitical issues. The Asia-Pacific luxury hotel market is witnessing a varied pace of recovery. China, being one of the key markets, is still contending with travel restrictions that impact the sector, while countries, including Australia and Japan, are gradually reopening and seeing an uptick in the demand for luxury travel. Southeast Asian countries, known for their tourism appeal, are strategically investing in luxury accommodations to attract affluent travelers as the region prepares for complete recuperation.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Luxury Hotel Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Luxury Hotel Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • Marriott International Redefines The Luxury Hospitality Landscape With A Strong Pipeline Of One-Of-A-Kind Hotels & Resorts Set To Debut

    Marriott International expanded its presence in the luxury hospitality sector with the opening of its 500th luxury establishment. This milestone reflects the company's expansive reach across 69 nations and territories and anticipates the upcoming addition of five more illustrious hotels. [Published On: 2023-12-07]

  • Saudi Arabia's PIF Buys 49% of Rocco Forte's Luxury Hotel Chain

    Saudi Arabia's Public Investment Fund (PIF) has acquired a 49% stake in the prestigious Sir Rocco Forte's luxury hotel group. The acquisition initiates a vigorous plan to double the hotel chain's presence within the next five years, enhancing PIF's prestigious portfolio in the Middle East, Italy, and the United States. This venture fortifies the hotel group's financial position, instilled with confidence by the backing of PIF and buoyed by high demand, particularly from US travelers who contribute substantially to the group's revenue. [Published On: 2023-12-04]

  • OYO parent Oravel joins Japan's SoftBank to launch luxury hotel chain 'Sunday' in India

    SoftBank and Oravel Stays have launched a joint venture, Mountainia, carving out a distinctive space in the luxury hotel market. Owning an equitable 49.9% stake each, the partners have debuted the 'Sunday' hotel brand, targeting strategic Tier II city expansions. [Published On: 2023-09-22]

Key Company Profiles

The report delves into recent significant developments in the Luxury Hotel Market, highlighting leading vendors and their innovative profiles. These include Accor SA, Belmond Management Limited, CABO DE HORNOS S.A., Emirates Palace, Four Seasons Holdings Inc., GXS Empreendimentos Turisticos Ltda., Hilton Hotels & Resorts, Hyatt Hotels Corporation, InterContinental Hotels Group, ITC Limited, Jardine Matheson Group, Jumeirah International LLC, Kempinski Hotels S.A., Kerzner International Limited, Mahindra Holidays and Resorts India Ltd., Mandala Hotel GmbH, Mandarin Oriental Hotel Group, Marriott International, Inc., Oberoi Group, Radisson Hotel Group, Rosewood Hotel Group, Sage Hospitality Group, Shangri-La Asia Limited, The Indian Hotels Company Limited, and Wyndham Destinations Inc..

Market Segmentation & Coverage

This research report categorizes the Luxury Hotel Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Airport Hotel
    • Business Hotel
    • Holiday Hotel
    • Resorts & Spa
  • Operation
    • Chain
    • Independent

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Luxury Hotel Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Luxury Hotel Market?
  3. What are the technology trends and regulatory frameworks in the Luxury Hotel Market?
  4. What is the market share of the leading vendors in the Luxury Hotel Market?
  5. Which modes and strategic moves are suitable for entering the Luxury Hotel Market?

Table of Contents
  1. Preface
    1. Objectives of the Study
    2. Market Segmentation & Coverage
    3. Years Considered for the Study
    4. Currency & Pricing
    5. Language
    6. Stakeholders
  2. Research Methodology
    1. Define: Research Objective
    2. Determine: Research Design
    3. Prepare: Research Instrument
    4. Collect: Data Source
    5. Analyze: Data Interpretation
    6. Formulate: Data Verification
    7. Publish: Research Report
    8. Repeat: Report Update
  3. Executive Summary
  4. Market Overview
  5. Market Insights
    1. Market Dynamics
      1. Drivers
        1. Rising disposable income and inclinations towards leisure travel
        2. Growth in number of tourists in several economies and advent of online hotel booking services
      2. Restraints
        1. High expenditure associated with maintaining luxury hotels
      3. Opportunities
        1. Government initiatives to support the travel and hospitality sector
        2. Introduction of advanced technologies in resorts and spas
      4. Challenges
        1. Vulnerability to the impact of economic instability and preference for alternatives
    2. Market Segmentation Analysis
      1. Type: Growing preference for holiday hotel driven by the tourism across the globe
      2. Operation: Rising significance of chain luxury hotels leveraging their expansive networks to offer uniformity and reliability
    3. Market Trend Analysis
    4. Cumulative Impact of High Inflation
    5. Porter’s Five Forces Analysis
      1. Threat of New Entrants
      2. Threat of Substitutes
      3. Bargaining Power of Customers
      4. Bargaining Power of Suppliers
      5. Industry Rivalry
    6. Value Chain & Critical Path Analysis
    7. Regulatory Framework
  6. Luxury Hotel Market, by Type
    1. Introduction
    2. Airport Hotel
    3. Business Hotel
    4. Holiday Hotel
    5. Resorts & Spa
  7. Luxury Hotel Market, by Operation
    1. Introduction
    2. Chain
    3. Independent
  8. Americas Luxury Hotel Market
    1. Introduction
    2. Argentina
    3. Brazil
    4. Canada
    5. Mexico
    6. United States
  9. Asia-Pacific Luxury Hotel Market
    1. Introduction
    2. Australia
    3. China
    4. India
    5. Indonesia
    6. Japan
    7. Malaysia
    8. Philippines
    9. Singapore
    10. South Korea
    11. Taiwan
    12. Thailand
    13. Vietnam
  10. Europe, Middle East & Africa Luxury Hotel Market
    1. Introduction
    2. Denmark
    3. Egypt
    4. Finland
    5. France
    6. Germany
    7. Israel
    8. Italy
    9. Netherlands
    10. Nigeria
    11. Norway
    12. Poland
    13. Qatar
    14. Russia
    15. Saudi Arabia
    16. South Africa
    17. Spain
    18. Sweden
    19. Switzerland
    20. Turkey
    21. United Arab Emirates
    22. United Kingdom
  11. Competitive Landscape
    1. Market Share Analysis, 2023
    2. FPNV Positioning Matrix, 2023
    3. Competitive Scenario Analysis
      1. Marriott International Redefines The Luxury Hospitality Landscape With A Strong Pipeline Of One-Of-A-Kind Hotels & Resorts Set To Debut
      2. Saudi Arabia's PIF Buys 49% of Rocco Forte's Luxury Hotel Chain
      3. OYO parent Oravel joins Japan's SoftBank to launch luxury hotel chain 'Sunday' in India
  12. Competitive Portfolio
    1. Key Company Profiles
    2. Key Product Portfolio
  13. List of Figures [Total: 20]
    1. LUXURY HOTEL MARKET RESEARCH PROCESS
    2. LUXURY HOTEL MARKET SIZE, 2023 VS 2030
    3. GLOBAL LUXURY HOTEL MARKET SIZE, 2018-2030 (USD MILLION)
    4. GLOBAL LUXURY HOTEL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
    5. GLOBAL LUXURY HOTEL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
    6. LUXURY HOTEL MARKET DYNAMICS
    7. GLOBAL LUXURY HOTEL MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
    8. GLOBAL LUXURY HOTEL MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
    9. GLOBAL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2023 VS 2030 (%)
    10. GLOBAL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2023 VS 2024 VS 2030 (USD MILLION)
    11. AMERICAS LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    12. AMERICAS LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    13. UNITED STATES LUXURY HOTEL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
    14. UNITED STATES LUXURY HOTEL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
    15. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    16. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    17. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
    18. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
    19. LUXURY HOTEL MARKET SHARE, BY KEY PLAYER, 2023
    20. LUXURY HOTEL MARKET, FPNV POSITIONING MATRIX, 2023
  14. List of Tables [Total: 196]
    1. LUXURY HOTEL MARKET SEGMENTATION & COVERAGE
    2. UNITED STATES DOLLAR EXCHANGE RATE, 2018–2023
    3. GLOBAL LUXURY HOTEL MARKET SIZE, 2018-2023 (USD MILLION)
    4. GLOBAL LUXURY HOTEL MARKET SIZE, 2024-2030 (USD MILLION)
    5. GLOBAL LUXURY HOTEL MARKET SIZE, BY REGION, 2018-2023 (USD MILLION)
    6. GLOBAL LUXURY HOTEL MARKET SIZE, BY REGION, 2024-2030 (USD MILLION)
    7. GLOBAL LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    8. GLOBAL LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    9. GLOBAL LUXURY HOTEL MARKET SIZE, BY AIRPORT HOTEL, BY REGION, 2018-2023 (USD MILLION)
    10. GLOBAL LUXURY HOTEL MARKET SIZE, BY AIRPORT HOTEL, BY REGION, 2024-2030 (USD MILLION)
    11. GLOBAL LUXURY HOTEL MARKET SIZE, BY BUSINESS HOTEL, BY REGION, 2018-2023 (USD MILLION)
    12. GLOBAL LUXURY HOTEL MARKET SIZE, BY BUSINESS HOTEL, BY REGION, 2024-2030 (USD MILLION)
    13. GLOBAL LUXURY HOTEL MARKET SIZE, BY HOLIDAY HOTEL, BY REGION, 2018-2023 (USD MILLION)
    14. GLOBAL LUXURY HOTEL MARKET SIZE, BY HOLIDAY HOTEL, BY REGION, 2024-2030 (USD MILLION)
    15. GLOBAL LUXURY HOTEL MARKET SIZE, BY RESORTS & SPA, BY REGION, 2018-2023 (USD MILLION)
    16. GLOBAL LUXURY HOTEL MARKET SIZE, BY RESORTS & SPA, BY REGION, 2024-2030 (USD MILLION)
    17. GLOBAL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    18. GLOBAL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    19. GLOBAL LUXURY HOTEL MARKET SIZE, BY CHAIN, BY REGION, 2018-2023 (USD MILLION)
    20. GLOBAL LUXURY HOTEL MARKET SIZE, BY CHAIN, BY REGION, 2024-2030 (USD MILLION)
    21. GLOBAL LUXURY HOTEL MARKET SIZE, BY INDEPENDENT, BY REGION, 2018-2023 (USD MILLION)
    22. GLOBAL LUXURY HOTEL MARKET SIZE, BY INDEPENDENT, BY REGION, 2024-2030 (USD MILLION)
    23. AMERICAS LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    24. AMERICAS LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    25. AMERICAS LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    26. AMERICAS LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    27. AMERICAS LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    28. AMERICAS LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    29. ARGENTINA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    30. ARGENTINA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    31. ARGENTINA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    32. ARGENTINA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    33. BRAZIL LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    34. BRAZIL LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    35. BRAZIL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    36. BRAZIL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    37. CANADA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    38. CANADA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    39. CANADA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    40. CANADA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    41. MEXICO LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    42. MEXICO LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    43. MEXICO LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    44. MEXICO LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    45. UNITED STATES LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    46. UNITED STATES LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    47. UNITED STATES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    48. UNITED STATES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    49. UNITED STATES LUXURY HOTEL MARKET SIZE, BY STATE, 2018-2023 (USD MILLION)
    50. UNITED STATES LUXURY HOTEL MARKET SIZE, BY STATE, 2024-2030 (USD MILLION)
    51. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    52. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    53. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    54. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    55. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    56. ASIA-PACIFIC LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    57. AUSTRALIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    58. AUSTRALIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    59. AUSTRALIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    60. AUSTRALIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    61. CHINA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    62. CHINA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    63. CHINA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    64. CHINA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    65. INDIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    66. INDIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    67. INDIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    68. INDIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    69. INDONESIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    70. INDONESIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    71. INDONESIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    72. INDONESIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    73. JAPAN LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    74. JAPAN LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    75. JAPAN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    76. JAPAN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    77. MALAYSIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    78. MALAYSIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    79. MALAYSIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    80. MALAYSIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    81. PHILIPPINES LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    82. PHILIPPINES LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    83. PHILIPPINES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    84. PHILIPPINES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    85. SINGAPORE LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    86. SINGAPORE LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    87. SINGAPORE LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    88. SINGAPORE LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    89. SOUTH KOREA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    90. SOUTH KOREA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    91. SOUTH KOREA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    92. SOUTH KOREA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    93. TAIWAN LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    94. TAIWAN LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    95. TAIWAN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    96. TAIWAN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    97. THAILAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    98. THAILAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    99. THAILAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    100. THAILAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    101. VIETNAM LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    102. VIETNAM LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    103. VIETNAM LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    104. VIETNAM LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    105. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    106. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    107. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    108. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    109. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2018-2023 (USD MILLION)
    110. EUROPE, MIDDLE EAST & AFRICA LUXURY HOTEL MARKET SIZE, BY COUNTRY, 2024-2030 (USD MILLION)
    111. DENMARK LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    112. DENMARK LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    113. DENMARK LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    114. DENMARK LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    115. EGYPT LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    116. EGYPT LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    117. EGYPT LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    118. EGYPT LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    119. FINLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    120. FINLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    121. FINLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    122. FINLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    123. FRANCE LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    124. FRANCE LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    125. FRANCE LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    126. FRANCE LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    127. GERMANY LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    128. GERMANY LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    129. GERMANY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    130. GERMANY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    131. ISRAEL LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    132. ISRAEL LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    133. ISRAEL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    134. ISRAEL LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    135. ITALY LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    136. ITALY LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    137. ITALY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    138. ITALY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    139. NETHERLANDS LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    140. NETHERLANDS LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    141. NETHERLANDS LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    142. NETHERLANDS LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    143. NIGERIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    144. NIGERIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    145. NIGERIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    146. NIGERIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    147. NORWAY LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    148. NORWAY LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    149. NORWAY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    150. NORWAY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    151. POLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    152. POLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    153. POLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    154. POLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    155. QATAR LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    156. QATAR LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    157. QATAR LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    158. QATAR LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    159. RUSSIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    160. RUSSIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    161. RUSSIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    162. RUSSIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    163. SAUDI ARABIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    164. SAUDI ARABIA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    165. SAUDI ARABIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    166. SAUDI ARABIA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    167. SOUTH AFRICA LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    168. SOUTH AFRICA LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    169. SOUTH AFRICA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    170. SOUTH AFRICA LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    171. SPAIN LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    172. SPAIN LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    173. SPAIN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    174. SPAIN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    175. SWEDEN LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    176. SWEDEN LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    177. SWEDEN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    178. SWEDEN LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    179. SWITZERLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    180. SWITZERLAND LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    181. SWITZERLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    182. SWITZERLAND LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    183. TURKEY LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    184. TURKEY LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    185. TURKEY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    186. TURKEY LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    187. UNITED ARAB EMIRATES LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    188. UNITED ARAB EMIRATES LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    189. UNITED ARAB EMIRATES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    190. UNITED ARAB EMIRATES LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    191. UNITED KINGDOM LUXURY HOTEL MARKET SIZE, BY TYPE, 2018-2023 (USD MILLION)
    192. UNITED KINGDOM LUXURY HOTEL MARKET SIZE, BY TYPE, 2024-2030 (USD MILLION)
    193. UNITED KINGDOM LUXURY HOTEL MARKET SIZE, BY OPERATION, 2018-2023 (USD MILLION)
    194. UNITED KINGDOM LUXURY HOTEL MARKET SIZE, BY OPERATION, 2024-2030 (USD MILLION)
    195. LUXURY HOTEL MARKET SHARE, BY KEY PLAYER, 2023
    196. LUXURY HOTEL MARKET, FPNV POSITIONING MATRIX, 2023
  15. List of Companies Mentioned [Total: 25]
    1. Accor SA
    2. Belmond Management Limited
    3. CABO DE HORNOS S.A.
    4. Emirates Palace
    5. Four Seasons Holdings Inc.
    6. GXS Empreendimentos Turisticos Ltda.
    7. Hilton Hotels & Resorts
    8. Hyatt Hotels Corporation
    9. InterContinental Hotels Group
    10. ITC Limited
    11. Jardine Matheson Group
    12. Jumeirah International LLC
    13. Kempinski Hotels S.A.
    14. Kerzner International Limited
    15. Mahindra Holidays and Resorts India Ltd.
    16. Mandala Hotel GmbH
    17. Mandarin Oriental Hotel Group
    18. Marriott International, Inc.
    19. Oberoi Group
    20. Radisson Hotel Group
    21. Rosewood Hotel Group
    22. Sage Hospitality Group
    23. Shangri-La Asia Limited
    24. The Indian Hotels Company Limited
    25. Wyndham Destinations Inc.
Frequently Asked Questions
  1. How big is the Luxury Hotel Market?
    Ans. The Global Luxury Hotel Market size was estimated at USD 100.18 billion in 2023 and expected to reach USD 105.39 billion in 2024.
  2. What is the Luxury Hotel Market growth?
    Ans. The Global Luxury Hotel Market to grow USD 144.36 billion by 2030, at a CAGR of 5.35%
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