Luxury Hotels market

Luxury Hotels Market - Global Outlook and Forecast 2022-2028

  • 24 January 2022
  • Consumer Goods and Services
  • 68 Pages
  • Report code : PMR-6798908

  • 4.7 (158)

Luxury Hotels Market

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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.

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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