Five Star Hotel Market 2020: Potential Effect on Upcoming Future Growth, International Competitors (Marriott, Hilton, Starwood Hotels, Hyatt Hotels) and Forecast 2024

The report provides in-depth study on the current state of the Global Five Star Hotel Market 2020-2024. Key players in the Global Five Star Hotel Market have been identified through the secondary research and their market share has been determined through primary and secondary research. These include a study of annual and financial reports of top players and extensive interviews of leaders including CEOs, directors, and marketing executives.

Scope of Global Five Star Hotel Market:

The most important factors driving the growth of the Global Five Star Hotel Market are developing tourism and corporate industries across various regions, rising disposable income, increasing standard of living of people, and rise in preference for leisure travel. Furthermore, increasing purchasing power and standard of living are some of the significant factors responsible for attracting customers toward five star resorts. As more money is being injected into the economy, demand for luxury accommodations for corporate events, corporate stays, and leisure trips are increasing.

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Players have adopted acquisition, agreement, and partnership & mergers as their key strategies to increase their market share. For instance, in 2020, Marriott International acquired Starwood Hotels and Resorts Worldwide Inc. with an objective to become the world's largest hotel company. Furthermore, companies enter into agreement with other key players operating within a nation as well as in the international market.

Top Leading Key Players in Global Fivew star Hotel : 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, ITC Hotels Limited and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Segmentations :

Product Type Segmentation

Business Hotel

Suite Hotel

Airport Hotel

Resorts Hotel

Industry Segmentation

Room

F&B

SPA

Regional Analysis :

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Five Star Hotel in these regions, from 2020 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

As per the regional analysis, North America region dominated the market with a largest share value in 2017. The United States accounted for the largest revenue share in that market in 2017 since it is a global financial hub as well as one of the most popular tourist destinations for people across the world. APAC region is projected to witness the highest growth rate over the forecast period. Europe market has been gaining prominence owing to government initiatives for the promotion of tourism in their country and local regions by spreading awareness about its architectural or historical significance. Rising income of people in developing economies such as India, China, Thailand, Brazil, and South Africa is anticipated to fuel the global tourism industry, thus having a favourable impact on the overall market.

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Latest Industry News:

1 Marriott International - The Ritz-Carlton, South Beach Re-Opens Following $90 Million Renovation JANUARY 28, 2020

The historic Art Deco resort unveils an elegant new design as it is poised to become one of the most coveted destinations in South Florida

The Ritz-Carlton, South Beach is thrilled to have re-opened its doors following a $90 million, multi-year renovation by owners Flag Luxury Group, LLC and Lionstone Group that touched all elements of the property. Ideally located in the heart of South Beach, Miami, the landmark hotel was originally imagined by architect Morris Lapidus, and following its floor-to-ceiling restoration is set to deliver a rare and refined experience marked by timeless design, thoughtful programming, and the anticipatory service of the Ladies and Gentlemen of The Ritz-Carlton.

"Today, The Ritz-Carlton, South Beach - a treasure in the brand's portfolio and in Miami - returns better than ever with a distinctive design transformation that melds modern touches with the building's beloved Art Deco design," said Sase Gjorsovski, General Manager of the resort. "Given the tremendous thought that has gone into this $90 million renaissance, I'm confident that leisure travelers, business travelers, and groups alike will find our 'big reveal' well worth the wait."

2 Hilton Feb 4 2020- LXR Hotels and Resorts Arrives in Asia Pacific With Monumental Signing in Kyoto, Bringing Elegant Service and Locally Immersive Experiences to an Awe-Inspiring Destination

- Hilton today announced the signing of a new LXR Hotels & Resorts property in Kyoto, Japan, marking the debut of the luxury brand in Asia Pacific. LXR Hotels & Resorts is Hilton's collection of independent luxury hotels in which each property offers a unique and locally immersive experience that is deeply personalized and naturally woven into the fabric of the destination. While each hotel embodies a distinctive character and history, all LXR hotels are united through exceptional service and access to the extensive benefits and strength of the Hilton enterprise, for both owners and guests alike.

"The LXR brand is gathering momentum across the world - meticulously curating a portfolio that is truly spectacular and defined by deep partnerships with world-class owners, such as Tokyu Land Corporation," said Feisal Jaffer, global brand head, LXR Hotels & Resorts. "Each LXR property will be unique - our main mission as a brand is to bring to life authentic and exquisite guest experiences while driving superior financial returns for our owners."

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Reasons to Purchase Luxury Hotel Market Research Report

Analysing the outlook of the market with the recent trends and Porter's five forces analysis

Market dynamics, which fundamentally consider the factors, which are compelling the present market scenario, along with growth opportunities of the market in the years to come

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market

Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

3-month analyst supports, along with the Market Estimates sheet in excel

Major Points in Table of Contents:

Global Five Star Hotel Market Report 2020

Section 1 Five Star Hotel Product Definition

Section 2 Global Five Star Hotel Market Manufacturer Share and Market Overview

2.1 Global Four Seasons Holdings Inc. Star Hotel Shipments

2.2 Global Four Seasons Holdings Inc. Star Hotel Business Revenue

2.3 Global Five Star Hotel Market Overview

Section 3 Four Seasons Holdings Inc. Star Hotel Business Introduction

3.1 Marriott International Five Star Hotel Business Introduction

3.1.1 Marriott International Five Star Hotel Shipments, Price, Revenue and Gross profit 2014-2019

3.1.2 Marriott International Five Star Hotel Business Distribution by Region

3.1.3 Marriott International Interview Record

3.1.4 Marriott International Five Star Hotel Business Profile

3.1.5 Marriott International Five Star Hotel Product Specification

3.2 Hilton Five Star Hotel Business Introduction

3.2.1 Hilton Five Star Hotel Shipments, Price, Revenue and Gross profit 2014-2019

3.2.2 Hilton Five Star Hotel Business Distribution by Region

3.2.3 Interview Record

3.2.4 Hilton Five Star Hotel Business Overview

3.2.5 Hilton Five Star Hotel Product Specification

3.3 Starwood Hotels & Resorts (Marriott) Five Star Hotel Business Introduction

3.3.1 Starwood Hotels & Resorts (Marriott) Five Star Hotel Shipments, Price, Revenue and Gross profit 2014-2019

3.3.2 Starwood Hotels & Resorts (Marriott) Five Star Hotel Business Distribution by Region

3.3.3 Interview Record

3.3.4 Starwood Hotels & Resorts (Marriott) Five Star Hotel Business Overview

3.3.5 Starwood Hotels & Resorts (Marriott) Five Star Hotel Product Specification

3.4 Hyatt Hotels Five Star Hotel Business Introduction

3.5 Four Seasons Holdings Inc. Five Star Hotel Business Introduction

3.6 Shangri-La International Hotel Management Ltd. Five Star Hotel Business Introduction

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