Luxury Hotel Market was valued at USD 160.35 billion in 2023 and the market size is estimated to USD 318.49 Bn. grow at a CAGR of 10.3% for 2030 as per Stellar Market Research

Stellar Market Research, has published market intelligence and competitive landscape report on the Luxury Hotel Market. Over the forecast period, Stellar Market Research expects the Luxury Hotel Market to grow from USD 160.35 Bn in 2023 and is expected to reach USD 318.49 Bn by 2030, at a CAGR of 10.3 percent.

Know More About The Report:https://www.stellarmr.com/report/Luxury-Hotel-Market/1183

Luxury Hotel Market Scope:

Market Size in 2023 USD 160.35 Bn.

Market Size in 2030 USD 318.49 Bn.

CAGR 10.3% (2024-2030)

Forecast Period 2024-2030

Base Year 2023

Number of Pages 254

No. of Tables 118

No. of Charts and Figures 109

Segment Covered by Type, Room Type, and Category

Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage Market Share, Size & Forecast by Revenue | 2024-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.

Luxury Hotel Market Overview:

Luxury Hotel Market provides high-end accommodations with amenities like pools, spas, gyms, and private areas, catering to guest's comfort and needs. Driven by rising incomes, travel and tourism growth, and a preference for leisure travel, the market includes business hotels, airport hotels, suite hotels, and resorts across various regions globally.

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Luxury-Hotel-Market/1183

Luxury Hotel Market Dynamics:

The Luxury Hotel Market is driven by rising demand for luxurious travel experiences, increasing per capita income, and higher living standards. The market also benefits from national and international events that boost the need for upscale accommodations. According to a study from the American Hotel and Lodging Association 2021, hotel occupancy fell from 66.6% to around 40% as compared to the previous year. But, high costs and customer preferences for trying different hotels pose challenges to consistent market growth.

Luxury Hotel Market Regional Insight:

In North America, the luxury hotel market is booming due to high spending on expensive housings in the US and Canada. Domestic travellers in the US spent USD 242 Bn. on lodging, contributing to a 4.1% increase in leisure travel spending, totalling USD 792 Bn. In Asia Pacific, the market is growing due to a rising middle class and higher living standards, with major investments from international hotel brands like Hyatt, which plans to open 21 new luxury hotels in the region. Local brands such as Banyan Tree and Shangri-La also contribute to market expansion.

Luxury Hotel Market Segmentation:

By Type

Business Hotels
Airport Hotels
Suite Hotels
Resorts
By Room Type

Luxury
Upper-Upscale
Upscale
By Category

Chain
Independent

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Luxury-Hotel-Market/1183

Leading Luxury Hotel Market key industry:

Marriott International, Inc. (Maryland, U.S.)
Mandarin Oriental Hotel Group (Quarry Bay, Hong Kong)
The Indian Hotels Company Limited (Mumbai, India)
InterContinental Hotels Group plc (Denham, U.K.)
Kempinski Hotels S.A. (Geneva, Switzerland)
Accor SA (Issy-les-Moulineaux, France)
Shangri-La Asia Limited (Quarry Bay, Hong Kong)
Four Seasons Hotel Limited (Toronto, Canada)

Key questions answered in the Luxury Hotel Market are:

What segments are covered in the Global Luxury Hotel Market report?

Which region is expected to hold the highest share in the Global Luxury Hotel Market?

What is the market size of the e Global Luxury Hotel Market by 2030?

What is the forecast period for the Global Luxury Hotel Market?

What was the market size of the Global Luxury Hotel Market in 2023?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

Stellar Market Research is leading Consumer Goods & Services research firm, has also published the following reports:

Europe Luxury Hotel Market was valued at USD 34.10 Bn. in 2023 and the market size is estimated to USD 63.55 Bn. for 2030 grow at a CAGR of 9.3%.

Asia Pacific Luxury Hotel Market was valued at USD 23.17 Bn. in 2023 and the market size is estimated to USD 42.36 Bn. grow at a CAGR of 9% over the forecast period.

Contact Stellar Market Research:

S.no.8, h.no. 4-8 Pl.7/4 Kothrud

Pinnac Memories Fl. No. 3

Kothrud, Pune, Maharashtra, 411029

sales@stellarmr.com

+91 9607365656

About Stellar Market Research:

Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. Firm research on many topics like Healthcare, Pharmaceuticals, Electronics and communications, Chemical and Material, Food and Beverages, Aerospace, and defense, and other sectors. The company provide numerous services i.e. consultancy, Market Intelligence, Syndicate Research etc. to help executives in any organization and consumers achieve their mission-critical goals.

This release was published on openPR.