Luxury Hotels Market Growth By Regional Analysis (America, Europe, Asia Pacific, and Middle East & Africa) Growth Opportunity and Industry Forecast 2023-2030 (Financial Impact Analysis)
ID : MRU_
123833 | Date :
Feb, 2023 | Pages :
168 | Region : Global |
Publisher : Ri research
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.
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.
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.
The report offers detailed coverage of Luxury Hotels industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Luxury Hotels by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global Luxury Hotels market to grow to reach xxx Million USD in 2023 with a CAGR of xx% during the period 2023-2030.
First, this report covers the present status and the future prospects of the global Luxury Hotels market for 2018-2030.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
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
At the same time, we classify Luxury Hotels according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows: Market by Order Type
Business Hotel
Suite Hotel
Resorts Hotel Market by Application
Room
F&B
SPA
Other
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Luxury Hotels market for the forecast period 2023 - 2030?
• What are the driving forces in the Luxury Hotels market for the forecast period 2023 - 2030?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Luxury Hotels industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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