openPR Logo
Press release

Luxury Hotel Market Expected to Reach $20,442 Million, By Leading Industry Players Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Lt

02-05-2019 06:05 PM CET | Fashion, Lifestyle, Trends

Press release from: Allied Market Research

Luxury Hotel Market

Luxury Hotel Market

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.

According to a new report published by Allied Market Research, titled, "Luxury Hotel Market: Global Opportunity Analysis and Industry Forecast, 2014-2022", the luxury hotel market was valued at $15,535 million in 2015, and is projected to reach $20,442 million by 2022, growing at a CAGR of 4.0% from 2016 to 2022. The business hotels segment accounted for around 42% of the total market revenue in 2015.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/1916?utm_source=OPR

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."

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.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/1916?utm_source=OPR

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.

Key Benefits

• This report provides insights on current and future trends of luxury hotel industry from 2016 to 2022.
• Market intelligence for key developmental strategies adopted by established brands are explained with impact analysis.
• This report provides a practical evaluation of key market drivers and restraints for global market.
• This report emphasizes on key factors that affect the market growth and reveals the influencing factors to capitalize on.

List of Tables

TABLE 1 WORLD LUXURY HOTELS MARKET SNAPSHOT
TABLE 2 TABLE 1 NEW TYPES OF HOTEL
TABLE 3 WORLD AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 4 NORTH AMERICA AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 5 EUROPE AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 6 ASIA PACIFIC AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 7 LAMEA AIRPORT HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 8 WORLD RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 9 NORTH AMERICA RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 10 EUROPE RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 11 ASIA PACIFIC RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 12 LAMEA RESORTS HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 13 WORLD BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 14 NORTH AMERICA BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 15 EUROPE BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 16 ASIA PACIFIC BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 17 LAMEA BUSINESS HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 18 WORLD SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 19 NORTH AMERICA SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 20 EUROPE SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 21 ASIA PACIFIC SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 22 LAMEA SUITE HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 23 WORLD OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 24 NORTH AMERICA OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 25 EUROPE OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 26 ASIA PACIFIC OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 27 LAMEA OTHER HOTELS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 28 NORTH AMERICA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 29 U.S. LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 30 CANADA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 31 MEXICO LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 32 EUROPE LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 33 SPAIN LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 34 FRANCE LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 35 ITALY LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 36 U.K LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 37 GERMANY LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 38 REST OF EUROPE LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 39 APAC LUXURY HOTEL MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 40 INDIA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 41 CHINA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 42 SOUTH KOREA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 43 JAPAN LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 44 THAILAND LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 45 REST OF ASIA-PACIFIC LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 46 LAMEA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 47 LATIN AMERICA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 48 MIDDLE EAST LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 49 AFRICA LUXURY HOTEL MARKET, ($MILLION), GROWTH (%) 2014-2022

Access Full Summery @ https://www.alliedmarketresearch.com/luxury-hotel-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Luxury Hotel Market Expected to Reach $20,442 Million, By Leading Industry Players Four Seasons Holdings Inc., Intercontinental Hotels Group, Marriott International Inc., Hyatt Corporation., ITC Hotels Limited, Shangri-La International Hotel Management Lt here

News-ID: 1562263 • Views: 892

More Releases from Allied Market Research

Drug Screening Laboratory Services Market Share Size, Statistics, Demand, Revenu …
Drug Screening Laboratory Services Market by Service type, (Workplace Drug Testing and Clinical Toxicology Testing), Sample Type (Urine, Oral Fluid, Hair and Others), End User (Retail, Oil & Gas, Transportation, Staffing, Government, Other Workplace, Hospital Laboratories, Clinical Laboratories, and Other Laboratories): Global Opportunity Analysis and Industry Forecast, 2020-2027 by Service type, (Workplace Drug Testing and Clinical Toxicology Testing), Sample Type (Urine, Oral Fluid, Hair and Others), End User (Retail, Oil
Orthopedic Devices Market Global Growth, Current Scenario Technology Trends, Com …
Rise in geriatric population and increase in chronic diseases related to orthopedics such as osteoarthritis, traumatic fractures, osteopenia, and others are play a major role in the growth of the orthopedic device market. In addition, various growth opportunities such as surge in healthcare infrastructure, increase in affordability, and rise in awareness related to orthopedic conditions in emerging economies are expected to boost the market growth in the coming years. Download Free
Neurosurgery Devices Market: Global Trends, Segmentation and Opportunities Forec …
Neurosurgery devicesare devices that help in prevention, treatment, and diagnosis of conditions and disorders associated with nervous system mainly the brain, spinal cord, peripheral nerves, and extra-cranial cerebrovascular system. The neurological conditions include dementia, headache disorders, neuro-infections, and multiple sclerosis, traumatic brain injuries, pain associated with neurological disorders, neurological disorders associated with malnutrition, stroke, epilepsy and Parkinson’s disease.These disorders are fatal and cannot be cured by therapeutics. Some of the
COVID-19 Impact on Nerve Repair and Regeneration Market Global Industry Size, Sh …
Global Nerve Repair and Regeneration Market are expected to reach $13,938 million by 2023, growing at a CAGR of 13.0 % during the forecast period, 2019-2023. The factors propelling the nerve repair and regeneration market are rise in geriatric population, growing prevalence of neurological and epidemic disorders, and introduction of novel and innovative products for nerve repair and regeneration. However, stringent regulatory requirements for product approvals, lack of skilled professionals, and

All 5 Releases


More Releases for TABLE

Table Butter Market
https://www.qandqmarketresearch.com/reports/7491950/table-butter-market-60 The global Table Butter market is valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 20192025. The objectives of this study are to define, segment, and project the size of the Table Butter market based on company, product type, end user and key regions. This report studies the global market size of Table Butter in key regions like
Global Table Linen Market 2017: IKEA, URQUILDLINEN, Jomar Table Linens
WiseGuyReports.com adds “Global Table Linen Market Report 2017” reports to its Database. With the slowdown in world economic growth, the Table Linen industry has also suffered a certain impact, but still maintained a relatively optimistic growth. The past four years, Table Linen market size maintained the average annual growth rate of 1.17% from 18200 million $ in 2013 to 19100 million $ in 2016. BisReport analysts believe that in the next
Global Table Lamps Industry
In our aim to provide our erudite clients with the best research material with absolute in-depth information of the market, our new report on Global Table Lamps Market is confident in meeting their needs and expectations. The 2017 market research report on Global Table Lamps Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge. The report will shed light on many
Germany Table Blender Standard Updated
The German National Technology Safety Center (ZLS) has published Decision EK1 646-16, modifying the safety requirements for table blenders. The update, approved as category B, modifies parts of clause 20.2 in EN 60335-2-14, a standard dealing with the safety of domestic electric kitchen machines, such as food mixers, electric knives and blenders. The updates contained within EK 1 646-16 relate to table blenders and include: • Modification to third paragraph in clause 20.2
Global Glass Table Market 2017-
This report studies sales (consumption) of Glass Table in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering Steelcase Herman Miller Haworth HNI Group Okamura Corporation Kimball Office The market research report by QY Research provides detailed study on the overall Glass Table market size, its financial positions, its unique selling points, key products, and
Billiard Table Manufacturer, Pool Table Supplies
Chevillotte Billiards manufactures the highest standard quality billiards table in the world. Our manufacturing facility has been making billiard table and it's accessories since the 1860's and earned a lots of name and respects in the billiards industry. We manufacture our billiards products as per the requirements of the clients and also assist customized solutions to them. Our range is designed as per the latest market trends and is ideal