Press release
Luxury Hotel Market 2018 Analysis, Growth of Top Leaders (Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels, Jumeirah) Set to Reach US $222815 Mn by 2023
Luxury Hotel Market 2018 Analysis, Growth of Top Leaders
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The luxury hotels market has been increased in accordance with the development of whole economy, tourism and consumer awareness. However, with the macroeconomic is slowing down, the increase rate of luxury hotels is also slowing. But the emerging market is still the potential market of the industry, so some of the companies are laying-out their business in the emerging market. Whats more, there are some problem to be solved ahead, such as the homogenization of the fierce competition, the low price competition, the talents shortage in the process of the company expansion, the channel building through the internet and so on.
Global Luxury Hotel Market Size, Status and Forecast 2023: According to the database Hotels & Restaurants Research Center, the global luxury hotels markets has a total value of $150603 million back in 2013, and increased to $171079 million in 2017. We made a series of functional calculation and deduced the past 5 years data with scientific model. Finally, we made the prediction that the value of luxury hotels markets can be $222815 million by 2023.The CAGR of luxury hotels is 3.96% from 2018 to 2023.
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The major players in global market include
• Marriott International
• Hilton
• Starwood Hotels & Resorts (Marriott)
• Hyatt Hotels
• Four Seasons Holdings Inc.
• 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, Inc.
• ITC Hotels Limited
Geographically, this report split global into several key Regions, with, revenue (million USD), market share and growth rate of Luxury Hotel for these regions, from 2013 to 2023 (forecast)
• United States
• Japan
• India
• EU
• China
• Southeast Asia
• ROW
On the basis of product/service, the Luxury Hotel market is primarily split into
• Business Hotel
• Suite Hotel
• Airport Hotel
• Resorts Hotel
On the basis on the end users/application, this report covers
• Room
• F&B
• SPA
• Others
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Table of Contents
1 Industry Overview 1
1.1 Luxury Hotel Market Overview 1
1.1.1 Luxury Hotel Product Scope 1
1.1.1.1 Definition of Luxury Hotel 1
1.1.1.2 Characteristics of Luxury Hotels 2
1.1.2 Market Status and Outlook 4
1.2 Global Luxury Hotel Market Size and Analysis by Regions (2013-2018) 5
1.2.1 United States Luxury Hotel Market Status and Outlook 6
1.2.2 EU Luxury Hotel Market Status and Outlook 7
1.2.3 Japan Luxury Hotel Market Status and Outlook 8
1.2.4 China Luxury Hotel Market Status and Outlook 9
1.2.5 India Luxury Hotel Market Status and Outlook 10
1.2.6 Southeast Asia Luxury Hotel Market Status and Outlook 11
1.3 Classification of Luxury Hotel by Product 12
1.3.1 Global Luxury Hotel Revenue (Million USD) Comparison by Product (2013-2023) 13
1.3.2 Global Luxury Hotel Revenue (Million USD) Market Share (%) by Product/Service in 2018 14
1.3.3 Business Hotel 14
1.3.4 Suite Hotel 15
1.3.5 Airport Hotel 16
1.3.6 Resorts Hotel 17
1.4 Luxury Hotel Market by End Users/Application 17
2 Global Luxury Hotel Competition Analysis by Players 21
2.1 Global Luxury Hotel Market Size (Million USD) (Million USD) by Players (2013-2018) 21
2.2 Competitive Status and Trend 25
2.2.1 Market Concentration Rate 25
2.2.2 Mergers & Acquisitions, Expansion 25
3 Company (Top Players) Profiles and Key Data 30
4 Global Luxury Hotel Market Size (Million USD) by Product and Application (2013-2018) 73
4.1 Global Luxury Hotel Market Size (Million USD) by Application (2013-2018) 73
4.2 Global Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 75
4.3 Top Consumer / End Users of Luxury Hotel 78
5 United States Luxury Hotel Development Status and Outlook 79
5.1 United States Luxury Hotel Market Size (Million USD) (2013-2018) 79
5.2 United States Luxury Hotel Market Size (Million USD) by Application (2013-2018) 79
5.3 United States Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 81
6 EU Luxury Hotel Development Status and Outlook 84
6.1 EU Luxury Hotel Market Size (Million USD) (2013-2018) 84
6.2 EU Luxury Hotel Market Size (Million USD) by Application (2013-2018) 84
6.3 EU Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 86
7 Japan Luxury Hotel Development Status and Outlook 89
7.1 Japan Luxury Hotel Market Size (Million USD) (2013-2018) 89
7.2 Japan Luxury Hotel Market Size (Million USD) by Application (2013-2018) 89
7.3 Japan Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 91
8 China Luxury Hotel Development Status and Outlook 94
8.1 China Luxury Hotel Market Size (Million USD) and Forecast (2013-2018) 94
8.2 China Luxury Hotel Market Size (Million USD) by Application (2013-2018) 94
8.3 China Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 96
9 India Luxury Hotel Development Status and Outlook 99
9.1 India Luxury Hotel Market Size (Million USD) and Forecast (2013-2018) 99
9.2 India Luxury Hotel Market Size (Million USD) by Application (2013-2018) 99
9.3 India Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 101
10 Southeast Asia Luxury Hotel Development Status and Outlook 104
10.1 Southeast Asia Luxury Hotel Market Size (Million USD) and Forecast (2013-2018) 104
10.2 Southeast Asia Luxury Hotel Market Size (Million USD) by Application (2013-2018) 104
10.3 Southeast Asia Luxury Hotel Market Size (Million USD) by Classification (2013-2018) 106
11 Market Forecast by Regions, Product and Application (2018-2023) 109
11.1 Global Luxury Hotel Market Size (Million USD) (Million USD) by Regions (2018-2023) 109
11.1.1 United States Luxury Hotel Revenue and Growth Rate (2018-2023) 112
11.1.2 EU Luxury Hotel Revenue and Growth Rate (2018-2023) 113
11.1.3 China Luxury Hotel Revenue and Growth Rate (2018-2023) 114
11.1.4 Japan Luxury Hotel Revenue and Growth Rate (2018-2023) 115
11.1.5 Southeast Asia Luxury Hotel Revenue and Growth Rate (2018-2023) 116
11.1.6 India Luxury Hotel Revenue and Growth Rate (2018-2023) 117
11.2 Global Luxury Hotel Market Size (Million USD) by Application (2018-2023) 117
11.3 Global Luxury Hotel Market Size by Product (2018-2023) 119
12 Luxury Hotel Market Dynamics / Five Forces Analysis 121
12.1 Threat of New Entrants 121
12.2 Threat of Substitutes 123
12.3 Bargaining Power of Buyers 123
12.4 Bargaining Power of Suppliers 124
12.5 Industry Rivalry 125
13 Market Effect Factors Analysis 126
13.1 Government Policy 126
13.2 Enter Barriers Analysis of Luxury Hotels 126
13.3 External Environmental Change 127
13.3.1 Economic Fluctuations 127
13.3.2 Other Risk Factors 128
14 Research Finding /Conclusion 129
15 Methodology and Data Source 130
15.1 Methodology/Research Approach 130
15.1.1 Research Programs/Design 130
15.1.2 Market Size Estimation 131
15.1.3 Market Breakdown and Data Triangulation 132
15.2 Data Source 133
15.2.1 Secondary Sources 133
15.2.2 Primary Sources 134
15.3 Disclaimer 135
15.4 Author List 136
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