Global Luxury Hotel Market to 2027 – By Hotel Type and Region – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global luxury hotel market” report has been added to from ResearchAndMarkets.com offer.

Luxury hotels are defined as a hotel that provides a luxurious accommodation experience to the customer. These hotels generally cater to well-paid customers and the services and meals are expected to be of high quality. Luxury hotels offer various guest amenities like high-end spa treatments, personal trainers, laundry service and more.

The expansion of the tourism industry in several regions of the world is a key factor that is expected to drive the growth of the global luxury hotel market during the forecast period.

Rising disposable income and increasing inclination of individuals towards leisure travel are major driving factors expected to propel the growth of the global luxury hotel market. In addition, increasing living standards, increasing weekend cultural engagement, and growing tourism promotional activities of luxury hotels are market driving factors that are expected to contribute to the growth of the market.

Moreover, increasing demand for opulence accommodations for various purposes including corporate events and corporate stays is expected to accelerate the demand for luxury hotels during this forecast period. In addition, the growing economies of developing countries, the increase in hosting and staging of various sporting events like FIFA World Cup and Cricket World Cup by many countries is expected to boost the growth of the global market over the next few years.

Growth in family vacation travel, religious travel, and adventure travel across the globe will create opportunities for the growth of the luxury hotel market.

Increase in terrorist threats and rising trend of competitive pricing across the globe along with stringent regulations associated with foreign direct investment are restraining factors expected to hinder the growth of the global luxury hotel market throughout the period.

Key questions addressed by the report

  • What are the key opportunities in the global luxury hotel market?

  • What will be the growth rate from 2019 to 2027?

  • Which segment/region will experience the highest growth?

  • What are the factors that will impact/driving the market?

  • What is the competitive landscape in the industry?

  • What is the role of key players in the value chain?

  • What are the strategies adopted by the main players?

Market segmentation

By hotel type

By region

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

Companies cited

  • Four Seasons Holding Inc.

  • Intercontinental Hotel Group

  • Indian Hotel Companies Limited

  • Jumeirah International LLC

  • Shangri-La International Hotel Management Ltd.

  • ITC Hotels Limited

  • Hyatt Corporation

  • Marriott International Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/avwnxb

About Brad S. Fulton

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