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Luxury Hotel Market to Reach USD 143.61 Bn by 2030

12-16-2024 05:19 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Luxury Hotel Market

Luxury Hotel Market

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ - ๐†๐ฅ๐จ๐›๐š๐ฅ ๐“๐ซ๐ž๐ง๐๐ฌ, ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ, ๐š๐ง๐ ๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

The global Luxury Hotel Market is poised for remarkable growth, with increasing demand for premium services, innovative hospitality experiences, and the rebound of international tourism post-pandemic. According to the latest report, the luxury hotel market is expected to grow at a CAGR of 5.1% during the forecast period, reaching a market size of USD 143.61 billion by 2030. The market is witnessing rapid transformation driven by shifting consumer preferences and significant investments in the tourism and hospitality sectors.

๐ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐š๐ค๐ž ๐š ๐ฌ๐ง๐ž๐š๐ค ๐ฉ๐ž๐ž๐ค? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ ๐ฌ๐ž๐ž ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ข๐ง๐ฌ๐ข๐๐ž: https://www.maximizemarketresearch.com/request-sample/124393/

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's luxury hotel market is expanding rapidly, fueled by its booming tourism sector and growing middle-class population. The government's investment in infrastructure, such as new international airports, has created new growth avenues for the hospitality industry. Notable developments include the entry of ๐€๐œ๐œ๐จ๐ซ ๐†๐ซ๐จ๐ฎ๐ฉ and ๐ˆ๐‡๐† ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ & ๐‘๐ž๐ฌ๐จ๐ซ๐ญ๐ฌ, which have announced plans for luxury properties in Hanoi and Ho Chi Minh City. These initiatives signify Vietnam's commitment to becoming a global travel hotspot.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand remains a top destination for luxury travelers, thanks to its picturesque beaches and rich cultural heritage. The luxury hotel segment here is experiencing a surge in eco-tourism and wellness trends. Companies like ๐Œ๐š๐ซ๐ซ๐ข๐จ๐ญ๐ญ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ and ๐Œ๐ข๐ง๐จ๐ซ ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ have introduced new concepts focused on sustainable tourism. These trends reflect Thailand's commitment to integrating sustainability into its luxury offerings, ensuring long-term growth for the sector.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's luxury hotel market is witnessing significant consolidation as global brands seek partnerships with local players to strengthen their foothold. ๐‚๐‡๐ข๐ฅ๐ญ๐จ๐ง ๐–๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž recently partnered with local investors to open luxury hotels in Kyoto and Osaka. These mergers and acquisitions highlight the growing appeal of Japan as a luxury destination, boosted by its preparations for major events like the Osaka Expo in 2025.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea is emerging as a leading luxury travel destination, driven by its global influence in entertainment and culture. The market is seeing increased investment in boutique luxury hotels, with ๐‡๐ฒ๐š๐ญ๐ญ ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ and ๐‹๐จ๐ญ๐ญ๐ž ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ & ๐‘๐ž๐ฌ๐จ๐ซ๐ญ๐ฌ announcing new projects in Seoul. These developments align with the rising demand for personalized and unique travel experiences, presenting significant opportunities for the industry.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore continues to dominate the Southeast Asian luxury hotel market due to its status as a global financial hub and tourist destination. The recent openings by ๐…๐จ๐ฎ๐ซ ๐’๐ž๐š๐ฌ๐จ๐ง๐ฌ ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ ๐š๐ง๐ ๐‘๐ž๐ฌ๐จ๐ซ๐ญ๐ฌ and ๐’๐ก๐š๐ง๐ ๐ซ๐ข-๐‹๐š ๐‡๐จ๐ญ๐ž๐ฅ๐ฌ have set new benchmarks for luxury. Additionally, the government's support for high-value tourism is paving the way for further market expansion.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The United States leads the global luxury hotel market with its diverse offerings and innovative hospitality experiences. Cities like New York, Los Angeles, and Miami are witnessing a surge in ultra-luxury developments by brands such as ๐“๐ก๐ž ๐‘๐ข๐ญ๐ณ-๐‚๐š๐ซ๐ฅ๐ญ๐จ๐ง ๐š๐ง๐ ๐Œ๐š๐ง๐๐š๐ซ๐ข๐ง ๐Ž๐ซ๐ข๐ž๐ง๐ญ๐š๐ฅ ๐‡๐จ๐ญ๐ž๐ฅ ๐†๐ซ๐จ๐ฎ. Recent trends include the integration of smart technologies and eco-friendly practices, making luxury hotels more sustainable and appealing to modern travelers.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe remains the heart of the global luxury hospitality industry, with renowned cities like Paris, London, and Rome driving growth. The market has seen significant consolidation, with Accor acquiring smaller boutique brands to expand its luxury portfolio. Additionally, ๐Œ๐š๐ซ๐ซ๐ข๐จ๐ญ๐ญ ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ has announced several new properties across Europe, reflecting the region's growing demand for premium travel experiences.

๐…๐จ๐ซ ๐š ๐ฆ๐จ๐ซ๐ž ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐ , ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ซ๐ž๐Ÿ๐ž๐ซ ๐ญ๐จ ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐  ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/124393/ ๏ปฟ

๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ

The luxury hotel market is characterized by constant innovation to meet evolving consumer preferences. Key developments include the adoption of AI-driven guest services, sustainable building practices, and unique luxury experiences such as underwater suites and personalized concierge services. Global brands are also investing in cutting-edge technologies to enhance the customer experience and streamline operations.

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

Business
Airport
Holiday
Resorts & Spas
Others

The market is divided into types: business, airport, holiday, resorts, and spas. In 2022, the business sector generated approximately 35% of total revenue. The resorts and spas sector is predicted to grow at a CAGR of more than 5% during the forecast period. With a growing inclination for leisure travel, there is a significant increase in demand for holiday resorts and spas that are specifically designed to help tourists relax and take a break from their everyday commitments.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐ญ๐จ ๐ ๐š๐ข๐ง ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ญ๐ซ๐ž๐ง๐๐ฌ? ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/124393/

๐‹๐ฎ๐ฑ๐ฎ๐ซ๐ฒ ๐‡๐จ๐ญ๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ, ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐š๐ซ๐ž:

1. Four Seasons Holdings Inc
2. Intercontinental Hotels Group
3. Marriott International Inc
4.Hyatt Corporation
5. ITC Hotels Limited
6. Shangri-La International Hotel Management Ltd.
7. Jumeirah International LLC,
8. The Indian Hotel Companies Limited
9. Paracas
10. Mandarin Oriental.
11. The Oberoi.
12. Nobu Ryokan T.
13. Taj Holiday Village Resort & Spa.
14. Mahali Mzuri
15. Nayara Tented Camp

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ก๐š๐ญ ๐š๐ซ๐ž ๐ฆ๐š๐ค๐ข๐ง๐  ๐ฐ๐š๐ฏ๐ž๐ฌ:

Global Solar Water Pumps Market https://www.maximizemarketresearch.com/market-report/global-solar-water-pumps-market/90918/

Gas Engine Market https://www.maximizemarketresearch.com/market-report/global-gas-engine-market/1225/

Ocean Energy Market https://www.maximizemarketresearch.com/market-report/ocean-energy-market/147403/

Global Turbomolecular Pumps Market https://www.maximizemarketresearch.com/market-report/global-turbomolecular-pumps-market/20730/

Hydrogen Compressor Market https://www.maximizemarketresearch.com/market-report/hydrogen-compressor-market/168514/

Hydropower Market https://www.maximizemarketresearch.com/market-report/hydropower-market/73888/

Needle Coke Market https://www.maximizemarketresearch.com/market-report/needle-coke-market/11668/

Battery Materials Market https://www.maximizemarketresearch.com/market-report/global-battery-materials-market/31309/

Global Stationary Fuel Cell Market https://www.maximizemarketresearch.com/market-report/global-stationary-fuel-cell-market/40979/

DC Contractor Market https://www.maximizemarketresearch.com/market-report/dc-contactor-market/146784/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

MAXIMIZE MARKET RESEARCH PVT. LTD.
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The latest study on the Global Capsule Hotel market report represents a deep appraisal of the international industry. The research report on the worldwide Capsule Hotel market 2020-2026 sheds light on qualitative as well as quantitative insights, historical Capsule Hotel industry status and authorized projection related to the Capsule Hotel market size. Each and every segment exhibited in this report are discovered through verifiable research methodsโ€ฆ
02-06-2019 | Business, Economy, Finances, B โ€ฆ
qyreports
Worldwide Report on Hotel Booking Market 2019-2026 with Top Key Player Profiled โ€ฆ
The Hotel Booking industry is one of the key areas that promote the growth of the Hotel Booking industry at a global level. The booming travel and tourism industry is one of the key factors driving the demand in the Hotel Booking industry. In addition, as a multitude of multinational corporations have widened their base around the world, the number of business travelers who are activating the Hotel Booking industryโ€ฆ
01-14-2019 | Business, Economy, Finances, B โ€ฆ
qyreports
2019 to 2026 Thriving Worldwide Report on Global Hotel Booking Market Top Key Pl โ€ฆ
This report on global Hotel Booking market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for Hotel Booking .Collecting historical and recent data from various authentic resources, and depending onโ€ฆ
12-10-2011 | Tourism, Cars, Traffic
Howard Johnson International Airport Hotel
Popular Phoenix Hotel - Howard Johnson International Airport Hotel
Our focus has been on customer care and we pride ourselves in the fact that we have testimonials from satisfied customers to support our claim. Our staff is courteous, friendly and ready to attend to your needs 24x7 with a very personalized service. Stay with us once and decide yourself whether our claims are authentic or not. Laced with all contemporary facilities, Howard Johnson International Airport Phoenix comes with features thatโ€ฆ