Global Luxury Hotels Market is estimated to grow at a CAGR of 3.95% during the forecast period 2013-2022 | Starwood Hotels & Resorts, InterContinental Hotels Group PLC, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International R

Drivers and restraints:

The brand and promotions play a vital role in the growth of the market. In order to meet the ever-changing demands of consumers, luxury hotels constantly seek to improve their services. Their owners pay special attention to the configuration of new services, including free services and personalization of the room, with hotel staff trained to satisfy guests. In addition, as people become more aware of their brand, a successful brand strategy and marketing can increase consumer awareness and affinity, and therefore loyalty. In addition, the growing organization of international events gives a tremendous boost to the luxury hotel market. In addition, it is expected that the spread of epidemics like H1N1 flu in several countries will slow down the growth of the market. In addition, in recent years, many foreign tourists have opted for medical treatment in cases of medical emergencies such as kidney transplants or liver transplants, which should create huge opportunities in the luxury hotel market during the forecast period.

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Geographical segmentation:

Geographically, North America dominated the regional markets due to significant investments in infrastructure. In addition, North America has the largest number of leading business centers and industry headquarters in the world. Business growth in Asia Pacific is the faster in luxury hotel market due to the huge capital investment in building world-class infrastructure. The change of business centers from west to east, particularly in China and India, is a cause of the average growth in the Asia-Pacific region during the forecast period. In addition, Latin America, the Middle East and Africa are expected to experience remarkable growth due to the growth in the tourism sector during the foreseen period.

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The main players in the global luxury hotel market include Starwood Hotels & Resorts, InterContinental Hotels Group PLC, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, Inc., Marriott International, Inc., Four Seasons Holdings Inc., ITC Hotels Limited, Mandarin Oriental International Limited and Shangri-La International Hotel Management Ltd.

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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