|02-11-2019 10:40 AM CET - Leisure, Entertainment, Miscellaneous||
Luxury Hotel Market Overview and Scope 2019 to 2025 | Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels
Press release from: Garner Insights
Complete Luxury Hotel Market
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.
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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.
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. In 2018, the global Luxury Hotel market size was 171100 million US$ and it is expected to reach 241800 million US$ by the end of 2025, with a CAGR of 4.4% between 2019 and 2025.
Top Key Players in the Luxury Hotel Market: 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.
The main aim of this Complete Luxury Hotel Industry report is to help the user understand the market about its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Profound researches and analysis were done during the preparation of the report. This report will aid the users in understanding the market in depth. The data and the information regarding the Complete Luxury Hotel market are taken from reliable sources such as journals, websites, annual reports of the companies, and others and were reviewed and validated by the industry experts. The data and facts are depicted in the report using graphs, diagrams, pie charts, and other pictorial representations. This bolsters the visual representation and helps in understanding the facts in a better way.
Luxury Hotel Market segment by Regions/Countries: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.
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The Luxury Hotel Industry is intensely competitive and fragmented because of the presence of several established players participating in various marketing strategies to expand their market share. The vendors available in the market compete centered on price, quality, brand, product differentiation, and product portfolio. The vendors are increasingly emphasizing product customization through customer interaction.
Major Types of Luxury Hotel covered are:
Major end-user applications for Luxury Hotel market:
Points Covered in The Report:
A. The key points mentioned in the Global Luxury Hotel Market report include the leading competitors functioning in the global market.
B. The report also includes the company profiles of the companies operating in the global market.
C. The production, manufacture, sales, future strategies, and the technological advancements of the leading players are also included in the report.
D. The growth factors of the Global Luxury Hotel Market is discussed thoroughly, wherein the different end-users of the market are explained meticulously.
E. The report also discusses the key application areas of the global market, hence providing a precise description of the market to the readers/users.
F. The report comprises the SWOT analysis of the market. In the last section, the report consists of the opinions of the industry experts and professionals. The experts within the industry are in an effort to analyze the export/import policies that are positively influencing the growth of the Global Luxury Hotel Market.
G. The report on the Global Luxury Hotel Market is a valuable source of information for every enthusiast, policymaker, stakeholder, investor, service provider, supplier, manufacturer, and player interested in buying this research document.
Reasons for Buying Global Luxury Hotel Market Report:
A. The report provides a detailed analysis of the changing competitive landscape that keeps the reader/client ahead of the competitors.
B. It also provides an in-depth view of the different factors driving or restraining the growth of the global market.
C. The Global Luxury Hotel Market report provides an eight-year forecast evaluated on the basis of how the market is estimated to grow.
D. It assists in making informed business decisions by having thorough insights into the global market and by making a comprehensive analysis of the key market segments and sub-segments.
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In the end, the global Complete Luxury Hotel Market provides an overall research conclusion and market feasibility of investing in a new project is evaluated. Global Complete Luxury Hotel Market is a beneficial and trustworthy source of guidance and mode for individuals and companies concerned with the sales of the market.
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