866-997-4948(US-Canada Toll Free)

Luxury Hotels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

Published By :

Transparency Market Research

Published Date : Jul 2015

Category :

Hotels & Restaurants

No. of Pages : 88 Pages

 

Increasing consumer awareness and changing lifestyle are the major factors contributing to the growing popularity of luxury hotels globally. With the increasing standard of living, consumers are opting for luxury hotels for better services. Furthermore, the booming travel and tourism industry is one of the key factors fueling the demand for luxury hotels globally. In addition, rise in branding and promotional activities are one of the prime factors responsible for the increasing awareness about luxury hotels. Hoteliers are focusing on branding and promotions for better market penetration. Online booking, advance services, and easy check-in and check-out processes are the major driving factors responsible for the success of the luxury hotel industry. Moreover, in order to meet the consumer demands, hoteliers are focusing on upgrading their services. As service is a crucial part of the hospitality industry, hoteliers are concentrating on providing excellent services to retain customers.

 

 

Rise in the number of international events is fueling the market growth of luxury hotels globally. Consumers are opting for luxury hotels to spend their leisure time, with a view to experience the luxurious living offered in such hotels. Furthermore, the services, which include spa treatments, beauty services, and various other amenities offer relaxation and rejuvenate the customers. Moreover, hectic daily lifestyle and demand for luxurious living are some of the key reasons behind the growing popularity of luxury hotels globally.

 

The global luxury hotels market by geography has been categorized into North America, Europe, Asia Pacific, and Rest of the World (RoW). The scope of the report offers an insight into luxury hotel preferences in these regions, based on revenue (USD billion). In addition, the current and future trends in the luxury hotels market are also covered in the report.

 

Currently, the U.S. is dominating the market for luxury hotels in North America. Germany is dominating the market for luxury hotels in Europe, followed by the U.K. The growing tourism industry is stimulating the demand for luxury hotels across the various regions globally. China dominates the luxury hotels market in Asia Pacific currently, followed by India and Singapore. Increasing brand awareness among consumers is driving the demand for luxury hotels in Brazil and Saudi Arabia.

 

The business hotels segment accounts for the largest share in the luxury hotels market. Business travelers, tour groups, small conference groups, and individual tourists are the target customers of business hotels. Moreover, suite hotels are one of the major segments in the luxury hotels market. These hotel rooms have bedrooms and a separate living room area. Professionals such as lawyers, businessmen and accountants usually tend to prefer such hotels. In addition, currently, the airport hotels segment is showcasing a promising growth in the luxury hotels market globally. The target customers of airport hotels include airline passengers, especially those whose flight is cancelled or overnight layovers, business clientele and airline crew and staff, among others. 

 

The global luxury hotels market report provides an insight into the regional as well as country-wise preferences of luxury hotels. North America dominated the global luxury hotels market in 2014, followed by Europe and Asia Pacific. Increasing standard of living coupled with the booming travel and tourism industry are having a positive impact on the growing market for luxury hotels globally. The shift in consumer preferences toward living a luxurious lifestyle, along with the rise in the number of international events, is propelling the demand for luxury hotels in the Rest of the World (RoW).

 

Some of the major luxury hotels in North America, Europe, Asia Pacific, and RoW include Starwood Hotels & Resorts, Four Seasons Holdings Inc., InterContinental Hotels Group PLC, ITC Hotels Limited, The Indian Hotels Company Limited, Mandarin Oriental International Limited, Jumeirah International LLC, Shangri-La International Hotel Management Ltd., Kerzner International Resorts, Inc., and Marriott International, Inc.

 

Chapter 1 Preface

1.1 Report Description

1.2 Market segmentation

1.2.1 Global luxury hotels market segmentation, by type and geography

1.3 Research scope

1.4 Research Methodology

 

Chapter 2 Executive Summary

2.1 Global Luxury Hotels Market Snapshot

2.2 Global Luxury Hotels Market Size, 2014 - 2021 (USD Billion)

2.2.1 Y-o-Y Growth, 2015-2021 (Value %)

 

Chapter 3 Global Luxury Hotels Market Overview

3.1 Introduction

3.1.1 Various services of luxury hotels

3.1.2 Classification of luxury hotels market

3.2 Key Trend Analysis

3.3 Market Drivers

3.3.1 Drivers for luxury hotels market: Impact analysis

3.3.1.1 Branding and promotions

3.3.1.2 Growing travel and tourism industry

3.3.1.3 Changing consumer preference for luxurious lifestyle

3.3.1.4 Increasing number of international events

3.4 Market Restraints

3.4.1 Restraints for luxury hotels market: Impact analysis

3.4.1.1 Unstable political environment

3.4.1.2 Natural disasters such as storms, floods, and earthquake

3.5 Market Opportunities

3.5.1 New luxury hotels establishments

3.6 Market Attractiveness Analysis for global luxury Hotels Market

 

Chapter 4 Global Luxury Hotels Market Revenue, By Type, 2014-2021

4.1 Overview

4.1.1 Revenue, 2014-2021 (In USD Billion)

4.1.2 Y-o-Y Growth, 2015-2021 (Value %)

4.1.3 Market Share, 2014 Vs 2021 (%)

4.2 Business Hotels

4.3 Suite Hotels

4.4 Airport Hotels

4.5 Resorts

4.6 Others

 

Chapter 5 Global Luxury Hotels Market- Regional Analysis

5.1 Market Overview

5.1.1 Revenue, 2014-2021 (In USD Billion)

5.1.2 Market Share, 2014 Vs 2021 (%)

5.2 North America

5.2.1 U.S.

5.2.2 Rest of North America

5.3 Europe

5.3.1 UK

5.3.2 Germany

5.3.3 Rest of Europe

5.4 Asia Pacific

5.4.1 China

5.4.2 India

5.4.3 Singapore

5.4.4 South Korea

5.4.5 Rest of Asia Pacific

5.5 Rest of the World (RoW)

5.5.1 Saudi Arabia

5.5.2 Brazil

5.5.3 Others

 

Chapter 6 Company Profiles

6.1 Starwood Hotels & Resorts

6.2 Four Seasons Holdings Inc.

6.3 InterContinental Hotels Group PLC

6.4 ITC Hotels Limited

6.5 Jumeirah International LLC

6.6 Kerzner International Resorts, Inc.

6.7 The Indian Hotels Company Limited

6.8 Mandarin Oriental International Limited

6.9 Shangri-La International Hotel Management Ltd.

6.10 Marriott International, Inc.

List of Table

 

TABLE 1 Global Luxury Hotels Market Snapshot

TABLE 2 Global Luxury Hotels Year-on-Year Growth, 2015-2021 ( % )

TABLE 3 Drivers for luxury hotels market: Impact analysis

TABLE 4 Demand drivers for tourism industry

TABLE 5 International tourist arrivals

TABLE 6 International tourism receipts

TABLE 7 Restraints for luxury hotels market: Impact analysis

TABLE 8 Global Luxury Hotels Year-on-Year Growth, 2015-2021 ( % )

TABLE 9 North America Luxury Hotels Market Size and Forecast, by Type, 2014 - 2021 (USD Billion)

TABLE 10 Europe Luxury Hotels Market Size and Forecast, by Type, 2014 - 2021 (USD Billion)

TABLE 11 Asia Pacific luxury hotels market size and forecast, by type, 2014– 2021 (USD Billion)

TABLE 12 RoW luxury hotels market size and forecast, by type, 2014– 2021 (USD Billion)

List of Chart

 

FIG. 1 Global Luxury Hotels Market Segmentation, by Type and Geography

FIG. 2 Global Luxury Hotels Market Revenue, 2014 - 2021 (USD Billion)

FIG. 3 Various services of luxury hotels

FIG. 4 Classification of luxury hotels market

FIG. 5 World’s Top 10 Tourism Destinations, 2013

FIG. 6 Global Luxury Hotels Market Attractiveness by Type, 2014

FIG. 7 Luxury Hotels Market, Market Revenue and Forecast, 2014 – 2021 (In USD Billion)

FIG. 8 Global Luxury Hotels Market, By Type, Size, and Forecast, 2014 Vs 2021 (Value %)

FIG. 9 Business Hotels segment, market size and forecast, 2014-2021 (In USD Billion)

FIG. 10 Suite Hotels segment, market size and forecast, 2014-2021 (In USD Billion)

FIG. 11 Airport Hotels segment, market size and forecast, 2014-2021 (In USD Billion)

FIG. 12 Resorts segment, market size and forecast, 2014-2021 (In USD Billion)

FIG. 13 Others segment, market size and forecast, 2014-2021 (In USD Billion)

FIG. 14 Luxury Hotels Market, Market Revenue and Forecast, 2014 – 2021 (In USD Billion)

FIG. 15 Global Luxury Hotels Market, by Geography, Size, and Forecast, 2014 Vs 2021 (Value %)

FIG. 16 North America Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 17 U.S. Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 18 U.S. Luxury Hotels Brand Share, 2014

FIG. 19 Rest of North America Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 20 Europe Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 21 UK Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 22 U.K. Luxury Hotels Brand Share, 2014

FIG. 23 Germany Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 24 Germany Luxury Hotels Brand Share, 2014

FIG. 25 Rest of Europe Luxury Hotels Market Revenue, 2014 – 2021 (USD Billion)

FIG. 26 Asia Pacific luxury hotels market revenue, 2014– 2021 (USD Billion)

FIG. 27 China luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 28 China luxury hotels brand share, 2014

FIG. 29 India luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 30 India luxury hotels brand share, 2014

FIG. 31 Singapore luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 32 Singapore luxury hotels brand share, 2014

FIG. 33 South Korea luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 34 South Korea luxury hotels brand share, 2014

FIG. 35 Rest of Asia Pacific luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 36 RoW luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 37 Saudi Arabia luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 38 Saudi Arabia luxury hotels brand share, 2014

FIG. 39 Brazil luxury hotels market revenue, 2014 – 2021 (USD Billion)

FIG. 40 Brazil luxury hotels brand share, 2014

FIG. 41 Others luxury hotels market revenue, 2014 – 2021 (USD Billion)

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title
  • Company
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *