Luxury Hotel Market to Eyewitness Massive Growth by 2029 | Radisson Hotel Group, Accor Hotel, Four Seasons Holdings Inc.

Advance Market Analytics added research publication document on Worldwide Luxury Hotel Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Luxury Hotel market. Some are the key & emerging players that are part of coverage and have being profiled are Marriott International Inc. (United States), Wyndham Destinations (United States), Hilton Hotels & Resorts (United States), Hyatt Corporation (United States), Kerzner International Resort Inc. (United States), Radisson Hotel Group (United States), Accor Hotel (France) , Four Seasons Holdings Inc. (Canada) , Intercontinental Hotels Group (U.K.), Taj Hotels (India) , ITC Hotels Limited (India), The Indian Hotel Companies Limited (India), ,.

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Luxury Hotels refers to hotels which provides customer with luxurious accommodation experience. It provides with better hospitality with consistent superior quality of uniqueness and exclusivity.The market is expected to grow significantly over the forecast period owing to increasing purchasing power of consumers and rising number of international as well as domestic tourists on business or leisure trips.

According to news report, world’s first underground luxury hotel opens in China. It is located 32 km southwest of Shanghai. The hotel boasts of 336 rooms and includes a cascading waterfall and rocks. Preventing the 88-metre-deep (290 feet) pit from flooding was among the chief challenges for engineers working on the swanky 336-room InterContinental Shanghai Wonderland - part of a $288 million development that also includes a theme park

Keep yourself up-to-date with latest market trends and changing dynamics due to COVID Impact and Economic Slowdown globally. Maintain a competitive edge by sizing up with available business opportunity in Luxury Hotel Market various segments and emerging territory.

Influencing Market Trend
• Inclination towards Luxurious Hotels among Consumers in Developing Countries
• Rise in Preference for Leisure Travel
• Improved Lifestyle Due To Standard Of Living

Market Drivers
• Growing Tour & Travel and Corporate Industries across Various Regions
• Increasing Demand for Luxury Hotels for Corporate Events and Corporate Stays
• Advent to New Location

Opportunities:
• New Innovations and Technology Advancement in Infrastructure and Facilities Provided
• Emerging Market to Hold Great Potential for New Types of Luxury Hotels
• Growing Demand for Budget Accommodation

Challenges:
• Political Unrest in Various Countries Reducing the Tourist Traffics
• High Attrition Rate in the Hospitality Sector
• Low Employee Productivity

Analysis by Type (Business Hotels, Airport Hotels, Holiday Hotels, Resort & Spas, Other (Suite Hotel, Service apartments, conference and convention centers)), Application (Room, Food & Beverage, Spas, Others (Amenities, pool facilities, Welcome and Leaving gifts, Fancy transfer services))

Competitive landscape highlighting important parameters that players are gaining along with the Market Development/evolution
• % Market Share, Segment Revenue, Swot Analysis for each profiled company [Marriott International Inc. (United States), Wyndham Destinations (United States), Hilton Hotels & Resorts (United States), Hyatt Corporation (United States), Kerzner International Resort Inc. (United States), Radisson Hotel Group (United States), Accor Hotel (France) , Four Seasons Holdings Inc. (Canada) , Intercontinental Hotels Group (U.K.), Taj Hotels (India) , ITC Hotels Limited (India), The Indian Hotel Companies Limited (India), ,]
• Business overview and Product/Service classification
• Product/Service Matrix [Players by Product/Service comparative analysis]
• Recent Developments (Technology advancement, Product Launch or Expansion plan, Manufacturing and R&D etc)
• Consumption, Capacity & Production by Players

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The regional analysis of Global Luxury Hotel Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

The International Luxury Hotel Association reaches an audience of more than 500,000 hotel professionals in 90+ countries. It also produces LUXURY HOTELIERS Magazine, ILHA SmartBrief and the INSPIRE SUMMITS in Europe and North America

In March 2017, Accor Hotels announced its strategic partnership with Rixos Hotels to expand its geographical footprint in various countries including Russia, Egypt, UAE, and Turkey.

In September 2016, Marriott International, Inc. completed its acquisition of Starwood Hotels & Resorts Worldwide, Inc., creating the world’s largest and best hotel company providing maximum portfolio of brands including leading lifestyle brands, a significant global footprint, and leadership in the luxury and select-service tiers as well as the convention and resort segment

Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers

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Highlights of the Report
• The future prospects of the global Luxury Hotel market during the forecast period 2024-2029 are given in the report.
• The major developmental strategies integrated by the leading players to sustain a competitive market position in the market are included in the report.
• The emerging technologies that are driving the growth of the market are highlighted in the report.
• The market value of the segments that are leading the market and the sub-segments are mentioned in the report.
• The report studies the leading manufacturers and other players entering the global Luxury Hotel market.

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