02-05-2019 06:33 PM CET - Advertising, Media Consulting, Marketing Research

Luxury Hotel market Set To Register 4.5% CAGR In Terms Of Revenue; The Global Market Size Will Reach US$ 222900 Million By 2024 From US$ 171100 Million In 2019

Press release from: ReportsnReports
Global Luxury Hotel Market
Global Luxury Hotel Market

Luxury Hotel Market research report 2019-2024 presents a comprehensive study of the Luxury Hotel Market in Global Industry; the study scans the progression of the market trailed over the past few years and the forecasts of growth in the coming years, primarily in terms of sales. The research report highlights the reasons liable for the disparities in the market and investigates them methodically. The Luxury Hotel Market effect factors have also been discussed in the report. It further provides data on the market shares, strategies, and manufacturing cost structure along with Key Players and their profiles. 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.

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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. 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. They respectively took a global market share as 13.59%, 6.59%, 2.53%, 2.41%, and 1.24% in 2017.

Luxury Hotel Market Top Key Players:
- Marriott International
- Hilton
- Starwood Hotels & Resorts (Marriott)
- Hyatt Hotels
- Four Seasons Holdings
- 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
- ITC Hotels Limited

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Major Points Covered in The Report:
1) Scope of the Report
2) Executive Summary
3) Luxury Hotel Market With Global key Players
4) Luxury Hotel Market by Regions
5) Americas
7) Europe
8) Middle East & Africa
9) Market Drivers, Challenges and Trends
10) Marketing, Distributors and Customer
11) Global Luxury Hotel Market Forecast
12) Key Players Analysis
13) Research Findings and Conclusion

Segmentation by product type:
- Business Hotel
- Suite Hotel
- Resorts Hotel
Segmentation by application:
- Room
- F&B
- Others

This report also splits the market by region:
- Americas: United States, Canada, Mexico, Brazil
- APAC: China, Japan, Korea, Southeast Asia, India, Australia
- Europe: Germany, France, UK, Italy, Russia, Spain
- Middle East & Africa: Egypt, South Africa, Israel, Turkey, GCC Countries

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Research Objectives of The Report:
1) To study and analyse the global Luxury Hotel market size by key regions/countries, product type and application.
2) To understand the structure of Luxury Hotel market by identifying its various sub segments.
3) Focuses on the key global Luxury Hotel key players, to define, describe and analyse the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
4) To analyse the Luxury Hotel market with respect to individual growth trends, future prospects, and their contribution to the total market.
5) To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6) To project the size of Luxury Hotel submarkets, with respect to key regions (along with their respective key countries).
7) To analyse competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
8) To strategically profile the key players and comprehensively analyse their growth strategies.

Table of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Luxury Hotel Market Size 2014-2024
2.1.2 Luxury Hotel Market Size CAGR by Region
2.2 Luxury Hotel Segment by Type
2.2.1 Business Hotel
2.2.2 Suite Hotel
2.2.3 Airport Hotel
2.2.4 Resorts Hotel
2.3 Luxury Hotel Market Size by Type
2.3.1 Global Luxury Hotel Market Size Market Share by Type (2014-2019)
2.3.2 Global Luxury Hotel Market Size Growth Rate by Type (2014-2019)
2.4 Luxury Hotel Segment by Application
2.4.1 Room
2.4.2 F&B
2.4.3 SPA
2.4.4 Others
2.5 Luxury Hotel Market Size by Application
2.5.1 Global Luxury Hotel Market Size Market Share by Application (2014-2019)
2.5.2 Global Luxury Hotel Market Size Growth Rate by Application (2014-2019) and others…

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