Global Luxury Hotel Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Luxury Hotel Industry is continuously growing in the global scenario at significant pace. The Luxury hotel offers luxurious stay along with many other services which includes swimming pool consisting of warm & fresh water, spa, gyms, barbeque and bar. The other tailor made services are also provided by the luxury hotels according to the demand and comfort of the customers. In the present scenario, many such hotels also offer private garden or private area on beach along with personal sunbeds. Escalating disposable income of individual is both the developed and developing countries, surging rise in travel & tourism sector, rise in preference of leisure travel along with change in standard of living have led to the development are the substantial driving factors of the Industry during the forecast period. Moreover, emergence of new type of luxurious hotels is the factor which likely to create numerous opportunity in the Industry during the forecast period. Furthermore, luxurious hotels offers various facilities such as fast and easy to check-in and check-out, excellent features, excellent hotel dining and so on. These facilities also increasing demand of luxury hotels among people across the world. However, increasing prices associated with lodging is one of the major factors that limiting the Industry growth of Luxury Hotel across the globe.
The regional analysis of Global Luxury Hotel Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Industry share due to rapidly increasing number of luxury hotel and rising number of international as well as domestic tourists on business and leisure trips in the region. Further, Europe is estimated to second largest region in the global Luxury Hotel Industry over the upcoming years. Asia-Pacific is also anticipated to exhibit stable growth rate/CAGR over the forecast period 2019-2025.
Luxury Hotel Industry Share and Size by 2019-2025
Luxury Hotel Market Segmentation:
* Airport Hotels
* Business Hotels
* Suite Hotels
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Luxury Hotel Market are as follows:
Four Seasons Holdings Inc.
Intercontinental Hotels Group
Marriot International Inc.
ITC Hotels Limited
Jumeirah International LLC
The Indian Hotels Company Limited
Shangri-La International Hotel Management Ltd.