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Global Luxury Hotel Market Study Analysis: Luxurious services segment will boost the growth of the market in the forecast period
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Global Luxury Hotel Market Drivers And Restrain:
Growth in the travel & tourism industry, growth in preference for leisure travel, and increasing disposable income increase the demand for such hotels.
Rise in Travel & Tourism Industry
Travel & Tourism Industry produces the major revenue in most of the countries, and they depend on this industry for their GDP share. Increasing Preferences of customers for leisure travels creates the growth of this market. A rise in income and standard of living of people also contributes towards the growth of this sector.
The market is hampered by the political pressure, economic crisis, and strict regulation of foreign direct investment(FDI)
Impact Of COVID-19 on the Luxury Hotel Market:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global Luxury Hotel Market Segments:
The global Luxury Hotel market is further segmented into usage, type and geography.
By Type: Business Hotels, Airport Hotels, Suite Hotels, Resorts
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa and South America)
In 2020, North America dominated the market as it has the most popular places for customers.
Key Players of Global Luxury Hotel Market:
• FOUR SEASONS HOLDINGS INC.
• INTERCONTINENTAL HOTELS GROUP
• MARRIOTT INTERNATIONAL INC.
• HYATT CORPORATION
• ITC HOTELS LIMITED
• SHANGRI-LA INTERNATIONAL HOTEL MANAGEMENT LTD
• JUMEIRAH INTERNATIONAL LLC
• THE INDIAN HOTEL COMPANIES LIMITED
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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Luxury Hotel Market
• Value Chain Analysis of Global Luxury Hotel Market
• What is the CAGR of the global Luxury Hotel Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.
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