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Luxury Hotel Market 2019: Global Analysis, Share, Trends, Application Analysis and Forecast To 2024

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Luxury Hotel Market 2019: Global Analysis, Share, Trends, Application Analysis and Forecast To 2024

September 13
22:30 2019
Luxury Hotel
Luxury Hotel Market, Size, Share, Market Intelligence, Company Profiles And Trends Forecast To 2024

Luxury Hotel Industry

Description

Following a thorough analysis of the industry, the report depicts the latest trends prevalent that can leave a profound impact on the market during the forecast period. A summarized but descriptive overview containing the market definition, the manufacturing methods, and fundamental applications forms the report. The global Luxury Hotel market is scrutinized by the data experts, based on which the report highlights the competitive scenario as well as the latest industry trends within the main regions.

The report also provides the price margins of the product, along with the barriers encountered by the manufacturers part of the market. In addition to this, a comprehensive understanding of several dynamics that impact the Luxury Hotel market are provided in the report. The report supplies the reader with an insight into the market situation with 2015 as the base year, and the forecast period extending until 2025.

This report studies the global Luxury Hotel market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Luxury Hotel market by companies, region, type and end-use industry.

The luxury hotels industry is one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences.

North America was the largest consumer market with a market share of 35.71% in 2013 and 32.05% in 2017 with a decrease of 3.66%. Asia-Pacific and China ranked the second and third markets with the market share of 19.28% and 18.73% in 2017.

Nowadays, the top five companies make up more than 26.37% market share of the luxury hotels market, and the world’s large enterprises are mainly concentrated in North America. The top five vendors are Marriott International, Hilton, Hyatt Hotels, Four Seasons Holdings Inc. and Shangri-La International Hotel Management Ltd. They respectively took a global market share as 13.59%, 6.59%, 2.53%, 2.41%, and 1.24% in 2017.

In 2017, the global Luxury Hotel market size was 171100 million US$ and it is expected to reach 232300 million US$ by the end of 2025, with a CAGR of 3.9% during 2018-2025.

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This report focuses on the global top players, covered

Marriott International 
Hilton 
Starwood Hotels & Resorts (Marriott) 
Hyatt Hotels 
Four Seasons Holdings Inc. 
Shangri-La International Hotel Management Ltd. 
InterContinental Hotels Group PLC 
Mandarin Oriental International Limited 
The Indian Hotels Company Limited 
Jumeirah International LLC 
Kerzner International Resorts, Inc. 
ITC Hotels Limited

Regional Description

The Luxury Hotel market is analyzed on a global level as well as on a regional basis. The geographical distribution of the market focuses on Europe, Middle East & Africa, Asia Pacific, North America, and Latin America. These key regions are studied with context to widespread trends, various opportunities along with the outlook that could influence the market in the coming years.

Market segment by Type, the product can be split into
Business Hotel
Suite Hotel
Airport Hotel
Resorts Hotel

Market segment by Application, split into
Room
F&B
SPA
Others

Method of Research

In a bid to provide a thoroughly detailed analysis of the market in the next few years, it is studied backed by different parameters that are part of the Porter’s Five Force Model. Moreover, the data experts utilize SWOT, as per which the report manages to provide explicit details of the Luxury Hotel market. The methodological research of the market helps pinpoint its primary strengths, opportunities, weaknesses, and barriers.

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Table of Contents

Global Luxury Hotel Market Size, Status and Forecast 2025
1 Industry Overview of Luxury Hotel
1.1 Luxury Hotel Market Overview
1.1.1 Luxury Hotel Product Scope
1.1.2 Market Status and Outlook
1.2 Global Luxury Hotel Market Size and Analysis by Regions (2013-2018)
1.2.1 United States
1.2.2 Europe
1.2.3 China
1.2.4 Japan
1.2.5 Southeast Asia
1.2.6 India
1.3 Luxury Hotel Market by Type
1.3.1 Business Hotel
1.3.2 Suite Hotel
1.3.3 Airport Hotel
1.3.4 Resorts Hotel
1.4 Luxury Hotel Market by End Users/Application
1.4.1 Room
1.4.2 F&B
1.4.3 SPA
1.4.4 Others

….

3 Company (Top Players) Profiles
3.1 Marriott International
3.2 Hilton
3.3 Starwood Hotels & Resorts (Marriott)
3.4 Hyatt Hotels
3.5 Four Seasons Holdings Inc.
3.6 Shangri-La International Hotel Management Ltd.
3.7 InterContinental Hotels Group PLC
3.8 Mandarin Oriental International Limited
3.9 The Indian Hotels Company Limited
3.10 Jumeirah International LLC
3.11 Kerzner International Resorts, Inc.
3.12 ITC Hotels Limited

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