Press release
Luxury Hotel Market Opportunities in the United States
Luxury Hotel Market
The global luxury hotel market is experiencing significant growth, projected to expand from USD 106.55 billion in 2024 to approximately USD 158.63 billion by 2032, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period.
Competitive Landscape and Regional Demand
The market is characterized by the presence of key players such as Marriott International, Inc., Hyatt Hotels Corporation, InterContinental Hotels Group plc, Four Seasons Hotel Limited, and Hilton Hotels & Resorts, among others. These companies are focusing on strategic initiatives like mergers and acquisitions, product innovation, and expansion of production capacities to strengthen their market position.
North America holds the largest market share due to increasing spending on extravagant lodging in the U.S. and Canada. Asia Pacific is anticipated to experience significant growth during the projection period, driven by rapid development programs in the region.
United States: Growth Opportunities and Trends
In the United States, the luxury hotel market is witnessing substantial growth opportunities, driven by rising disposable incomes, increased demand for personalized experiences, and a surge in high-end tourism. The market was valued at USD 77.14 billion in 2024 and is expected to reach USD 113.45 billion by 2030, growing at a CAGR of 6.71% during the forecast period.
Recent developments include Reliance Industries, Ltd. acquiring the premium luxury hotel Mandarin Oriental in New York for USD 98.15 million in January 2022, expanding its presence in the American luxury hotel industry.
Asia Pacific: Expansion and Consolidation
The Asia Pacific region is poised for rapid expansion in the luxury hotel market, with countries like China, India, and Japan investing in tourism infrastructure and hospitality services. The region is projected to witness the fastest CAGR of 6.0% during the forecast period, owing to rapid development programs and increasing demand for high-quality accommodationsNotably, Waldorf Astoria Hotels & Resorts has announced new properties in Asia, including Waldorf Astoria Bali, Waldorf Astoria Jakarta, and Waldorf Astoria Tokyo Nihonbashi, reflecting the brand's commitment to expanding its luxury offerings in the region.
Europe: Technological Advancements and Market Updation
Europe is witnessing technological advancements in luxury hotel development, with a focus on enhancing guest experiences through automation and personalized services. Countries like the United Kingdom, Germany, and France are leading in adopting smart technologies in hospitality.
A significant development includes Brookfield Asset Management nearing a €780 million deal to acquire the European arm of the hostel chain Generator Group, indicating a trend towards consolidation and modernization in the European hospitality sector
Middle East and Africa: Emerging Opportunities and Trends
The Middle East and Africa are emerging as potential markets for luxury hotels, driven by increasing investments in tourism and hospitality infrastructure. Saudi Arabia's Vision 2030 initiative includes the Red Sea Project, a luxury development targeting affluent travelers, with plans to open 50 hotels across 22 islands by 2030.
Additionally, Waldorf Astoria Hotels & Resorts plans to open new properties in the region, such as Waldorf Astoria Abu Dhabi and Waldorf Astoria Al Madinah, further enhancing the luxury hospitality landscape in the Middle East.
♦ Ask for Sample to Know US Tariff Impacts on Luxury Hotel Market @ Sample Link :https://www.maximizemarketresearch.com/request-sample/124231/
♦ Breaking Down the Luxury Hotel Market: Key Segments Shaping the Industry
by Type
Business
Airport
Holiday
Resorts & Spas
Others
The market is divided into business, airport, vacation, resort, and spa segments based on type. Approximately 35 percent of the year's revenue came from the business sector. Throughout the projection period, the resorts and spas industry is anticipated to have a compound annual growth rate (CAGR) of more than 5%. There is a significant increase in demand for vacation resorts and spas that are specifically made to help guests unwind and take a break from their everyday routines due to the growing popularity of leisure travel. Singapore's Changi Airport Terminal Three, for instance, is regarded as one of the most renowned luxury airport hotels, with amenities including a spa that uses reflexology to combat jet lag, a gym, and a swimming pool surrounded by grounds reminiscent of a jungle. Other such properties include the Sofitel and Regal Airport Hotels.
♦ Ask for Sample to Know US Tariff Impacts on Luxury Hotel Market @ Sample Link : @https://www.maximizemarketresearch.com/request-sample/124231/
♦ Meet the Industry Leaders Revolutionizing the Luxury Hotel Market
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
♦ Uncover Key Insights Answering the Biggest Questions in the Luxury Hotel Market
What is Luxury Hotel ?
What is the growth rate of the Luxury Hotel Market?
Which are the factors expected to drive the Luxury Hotel market growth?
What is the CAGR at which the Luxury Hotel market will grow during the forecast period?
What are the different segments of the Luxury Hotel Market?
Which is the fastest growing region in the Luxury Hotel market?
What growth strategies are the players considering to increase their presence in Luxury Hotel ?
What are the upcoming opportunities and trends for the Luxury Hotel Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Luxury Hotel Market?
Who are the leading companies and what are their portfolios in Luxury Hotel Market?
What segments are covered in the Luxury Hotel Market?
Who are the key players in the Luxury Hotel market?
♦ Gain a Competitive Edge - Access Market Insights Through the Sample Link @https://www.maximizemarketresearch.com/inquiry-before-buying/124393/
♦ Explore the Revolutionary Products Powering Market Success
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
♦ Explore Our Trending Reports to Stay Ahead of Industry Shifts :
Pulse Flours Market https://www.maximizemarketresearch.com/market-report/pulse-flours-market/543/
Global Microencapsulation Market https://www.maximizemarketresearch.com/market-report/global-microencapsulation-market/598/
Aquafeed Additives Market https://www.maximizemarketresearch.com/market-report/aquafeed-additives-market/215655/
Commercial Seaweed Market https://www.maximizemarketresearch.com/market-report/global-commercial-seaweeds-market/26523/
Global Food Delivery Services Market https://www.maximizemarketresearch.com/market-report/global-food-delivery-services-market/112152/
Global Food Safety Testing Market https://www.maximizemarketresearch.com/market-report/food-safety-testing-market/536/
Baking Enzymes Market https://www.maximizemarketresearch.com/market-report/global-baking-enzymes-market/78754/
Global Sports Liniment Market https://www.maximizemarketresearch.com/market-report/global-sports-liniment-market/73797/
Global Perilla Leaf Extract Market https://www.maximizemarketresearch.com/market-report/global-perilla-leaf-extract-market/110040/
Global Composite Cylinder Market https://www.maximizemarketresearch.com/market-report/global-composite-cylinder-market/72792/
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
About Us
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Luxury Hotel Market Opportunities in the United States here
News-ID: 4028384 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a …
Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million.
Bangladesh Ceramics Tiles Market Overview:
The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.…
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030.
Furfural Market Overview:
The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,…
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to …
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion.
Chemical Protective Clothing Market Overview:
The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range of…
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR …
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion.
Prefabricated Homes Market Overview:
The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizes…
More Releases for Hotel
E-sports Hotel Market Is Booming Worldwide | Atari Hotel, The Arcade Hotel, i …
E-sports Hotel Market: The extensive research on E-sports Hotel Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on E-sports Hotel Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Gaming Hotel Market 2022 COVID 19 Impact Analysis, New Technology, Demand and Op …
Gaming Hotel is one of the most reliable markets and segmented by manufacturers, regions, type and application. It has arranged and managed information regarding the analysis of various companies, their revenue, price and volume in various regions. The report also provides a forecast for the global Gaming Hotel market from 2022-2028. This will help readers to get an idea about how the market will perform in the coming years so…
Capsule Hotel Market Forecast 2020-26, Super Hotel, Tokyo Ginza Bay Hotel
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 methods…
Worldwide Report on Hotel Booking Market 2019-2026 with Top Key Player Profiled …
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 industry…
2019 to 2026 Thriving Worldwide Report on Global Hotel Booking Market Top Key Pl …
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 on…
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 that…
