Press release
Luxury Hotel Market by Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022
Luxury Hotel Market
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Luxury hotels provide comfortable stay to tourist and travelers along with services such as spa, swimming pool, and fitness center. The market for luxury hotel has grown significantly in the past few years due to rise in the number of business travelers globally. Change in customer preference and upgradation in the services provided by hoteliers further boost the demand for luxury stays.
The global luxury hotel market is driven by rise in travel & tourism industry, increase in preference for leisure travel, and improved standard of living. However, premium price charged by such hotels restrains the market growth. According to Sheetanshu Upadhayay, Research Analyst at Allied Market Research, Rise in number of business travelers and change in customer lifestyles have fueled the demand for luxury stays, with an increased trend for various luxury services such as spa and others. North American and European regions dominate the market due to higher number of tourist arrivals.
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Business hotels segment is expected to dominate the market throughout the analysis period, owing to huge consumer base, which includes business travelers, tour groups, and small conference groups.
Airport hotels segment accounted for around 20% share of the overall luxury hotel market revenue in 2015, and is expected to grow at a CAGR of 3.7% during the forecast period. These hotels usually target business clients, passengers with overnight travel or cancelled flights, and airline crews or staff.
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In 2015, North America and Europe collectively accounted for around two-thirds of the total luxury hotel market size, and are expected to continue to dominate the market due to increase in number of tourists and travelers.
The major companies profiled in the report include Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Ltd., Jumeirah International LLC, and The Indian Hotel Companies Limited.
Table of Content:
Chapter: 1 INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY
1.2.1 SECONDARY RESEARCH
1.2.2 PRIMARY RESEARCH
1.2.3 ANALYST TOOLS AND MODELS
Chapter: 2 EXECUTIVE SUMMARY
2.1 OVERVIEW
2.2 MARKET SNAPSHOT
2.3 CXO PERSPECTIVE
Chapter: 3 MARKET OVERVIEW
3.1 MARKET DEFINITION AND SCOPE
3.2 KEY FINDINGS
3.2.1 TOP IMPACTING FACTOR
3.2.2 TOP WINNING STRATEGIES
3.2.3 TOP INVESTMENT POCKETS
3.3 PORTER’S FIVE FORCES ANALYSIS
3.3.1 MODERATE BARGAINING POWER OF SUPPLIERS DUE TO LARGE NUMBER OF SUPPLIERS, BACKWARD INTEGRATION AND HIGH SWITCHING COST
3.3.2 HIGH BARGAINING POWER OF BUYER, MORE AVAILABILITY OF SUBSTITUTES AND LARGE NUMBER OF PLAYERS THAT PROVIDE QUALITY PRODUCT
3.3.3 AVAILABILITY OF SUBSTITUTES AND HIGH COST INCREASES THREAT OF SUBSTITUTES
3.3.4 MODERATE THREAT OF NEW ENTRANTS DUE TO PRESENCE OF DOMINANT PLAYERS, STRICT GOVERNMENT REGULATIONS TOWARDS THE ENVIRONMENT
3.3.5 PRESENCE OF NUMEROUS PLAYERS, HIGH BRAND LOYALTY, LOW SWITCHING COST
3.4 DRIVERS
3.4.1 RISE IN TRAVEL AND TOURISM INDUSTRY
3.4.2 GROWING PREFERENCE FOR LEISURE TRAVEL
3.4.3 INCREASE IN STANDARD OF LIVING
3.5 RESTRAINTS
3.5.1 RISE IN PRICE OF LODGING
3.6 OPPORTUNITIES
3.6.1 EMERGENCE OF NEW TYPES OF LUXURY HOTELS
Chapter: 4 WORLD LUXURY HOTEL MARKET BY TYPE
4.1 OVERVIEW
4.2 AIRPORT HOTELS
4.2.1 KEY MARKET TRENDS
4.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.2.3 MARKET SIZE AND FORECAST
4.2.4 NORTH AMERICA AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.2.5 EUROPE AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.2.6 ASIA PACIFIC AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.2.7 LAMEA AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.3 RESORTS
4.3.1 KEY MARKET TRENDS
4.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.3.3 MARKET SIZE AND FORECAST
4.3.4 NORTH AMERICA RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
4.3.5 EUROPE RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
4.3.6 ASIA PACIFIC RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
4.3.7 LAMEA RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
4.4 BUSINESS HOTELS
4.4.1 KEY MARKET TRENDS
4.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.4.3 MARKET SIZE AND FORECAST
4.4.4 NORTH AMERICA BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.4.5 EUROPE BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.4.6 ASIA PACIFIC BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.4.7 LAMEA BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.5 SUITE HOTELS
4.5.1 KEY MARKET TRENDS
4.5.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.5.3 MARKET SIZE AND FORECAST
4.5.4 NORTH AMERICA SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014- 2022
4.5.5 EUROPE SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.5.6 ASIA PACIFIC SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.5.7 LAMEA SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.6 OTHERS
4.6.1 KEY MARKET TRENDS
4.6.2 KEY GROWTH FACTORS AND OPPORTUNITIES
4.6.3 MARKET SIZE AND FORECAST
4.6.4 NORTH AMERICA OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.6.5 EUROPE OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.6.6 ASIA PACIFIC OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
4.6.7 LAMEA OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
Chapter: 5 WORLD LUXURY HOTEL MARKET BY GEOGRAPHY
5.1 OVERVIEW
5.2 NORTH AMERICA
5.2.1 KEY MARKET TRENDS
5.2.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.2.3 MARKET SIZE AND FORECAST
5.2.4 U.S. LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.2.5 CANADA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.2.6 MEXICO LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3 EUROPE
5.3.1 KEY MARKET TRENDS
5.3.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.3.3 MARKET SIZE AND FORECAST
5.3.4 SPAIN LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3.5 FRANCE LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3.6 ITALY LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3.7 U.K LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3.8 GERMANY LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.3.9 REST OF EUROPE LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4 ASIA-PACIFIC
5.4.1 KEY MARKET TRENDS
5.4.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.4.3 MARKET SIZE AND FORECAST
5.4.4 INDIA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4.5 CHINA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4.6 SOUTH KOREA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4.7 JAPAN LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4.8 THAILAND LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.4.9 REST OF ASIA-PACIFIC LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.5 LAMEA
5.5.1 KEY MARKET TRENDS
5.5.2 KEY GROWTH FACTORS AND OPPORTUNITIES
5.5.3 MARKET SIZE AND FORECAST
5.5.4 LATIN AMERICA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.5.5 MIDDLE EAST LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
5.5.6 AFRICA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
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