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In 2018, the global Luxury Hotel market size was 171100 million US$ and it is expected to reach 241800 million US$ by the end of 2025, with a CAGR of 4.4% during 2019-2025.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.
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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.
This report focuses on the global Luxury Hotel status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Luxury Hotel development in United States, Europe and China.
The key players covered in this study
• 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
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Market segment by Type, the product can be split into
• Business Hotel
• Suite Hotel
• Airport Hotel
• Resorts Hotel
Market segment by Application, split into
• Room
• F&B
• SPA
• Others
Market segment by Regions/Countries, this report covers
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America
The study objectives of this report are:
• To analyze global Luxury Hotel status, future forecast, growth opportunity, key market and key players.
• To present the Luxury Hotel development in United States, Europe and China.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Luxury Hotel are as follows:
• History Year: 2014-2018
• Base Year: 2018
• Estimated Year: 2019
• Forecast Year 2019 to 2025
Major Point from Table of Content:
Chapter One: Report Overview
Chapter Two: Global Growth Trends
Chapter Three: Market Share by Key Players
Chapter Four: Breakdown Data by Type and Application
Chapter Five: United States
Chapter Six: Europe
Chapter Seven: China
Chapter Eight: Japan
Chapter Nine: Southeast Asia
Chapter Ten: India
Chapter Eleven: Central & South America
Chapter Twelve: International Players Profiles
12.1 Marriott International
12.2 Hilton
12.3 Starwood Hotels & Resorts (Marriott)
12.4 Hyatt Hotels
12.5 Four Seasons Holdings
12.6 Shangri-La International Hotel Management Ltd.
12.7 InterContinental Hotels Group PLC
12.8 Mandarin Oriental International Limited
12.9 The Indian Hotels Company Limited
12.10 Jumeirah International LLC
12.11 Kerzner International Resorts
12.12 ITC Hotels Limited
Chapter Thirteen: Market Forecast 2019-2025
Chapter Fourteen: Analyst's Viewpoints/Conclusions
Chapter Fifteen: Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details
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