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Download Free sampleThe 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.
Luxury Hotels Market 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
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Industry Market SizeSWOT AnalysisIndustry Major PlayersRevenue ForecastsHistorical and Forecast GrowthProfitability Analysis
