Robust Expansions In Luxury Hotels Market 2019-2026 | Top Key Players: Shangri-La International Hotel Management Ltd, Marriott International, Taj Hotels Palaces Resorts Safari, AccorHotels and InterContinental Hotels Group

Luxury Hotels Market Size, Status and Forecast 2019-2026: This report focuses on the status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Luxury Hotels development in United States, Europe and China.

The luxury hotel offers a luxury stay experience, including facilities such as check-in / check-out, a heated swimming pool, spa, fitness area and other personalized services that are distinct from other hotels. Demand for luxury hotels in the city center increases.

Luxury Hotels Market generated revenue of $+15 million in 2019, and is expected to grow at a CAGR of +5% to reach $+20 million by 2026.

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Top key players:

Shangri-La International Hotel Management Ltd, Marriott International, Taj Hotels Palaces Resorts Safari, AccorHotels and InterContinental Hotels Group.

Major players in the Luxury Hotels Market are integrating room control systems through the Internet of Things platform. Guests can control cooling, heating, and lighting in their rooms wirelessly through mobile-based applications. Furthermore, simplified hotel reservation processes have upped demand in recent years. Online hotel bookings are supplemented by readily-available information in the form of photos and videos of the property, along with customer feedback.

Market segment by Type, the product can be split into

• Business Hotel
• Suite Hotel
• Airport Hotel
• Resorts Hotel

Market segment by Application, split into

• Room
• F&B
• SPA

Geographically, the market is analyzed across North America (U.S., Canada and Mexico), Europe (France, Germany, Italy, Spain, UK, and rest of Europe), Asia-pacific (China, south Korea, Australia, Japan, India, and rest of Asia-pacific), and LAMEA (Latin America, Middle east, and Africa).

North America is expected to retain its position as a key revenue generator by 2026 owing to increase in number of rooms. Expansion of hotel properties in U.S. by luxury hotel chains such as St Regis, The Ritz-Carlton Hotel Company, L.L.C., Four Seasons Hotels Limited, and Fairmont Hotels & Resorts will also contribute to the market’s growth. The Asia Pacific region is projected to expand at a CAGR of over +5% over the forecast period.

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The report provides both, qualitative and quantitative research of the Luxury Hotels Market, as well as includes worthy insights into the balanced situation and favorite development methods accepted by key competitors. Unique supporting channels and method motivated to bear fruit in the 2019-2026 figure period have been dispensed in the report to permit readers to plan winning methodologies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth

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