Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts) – Global Industry Analysis, Size, Share, Growth, Trends by 2021

Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts) – Global Industry Analysis, Size, Share, Growth, Trends by 2021

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According to the report, the global luxury hotels market was valued at approximately USD 153.82 billion in 2015 and is expected to reach approximately USD 194.63 billion by 2021, growing at a CAGR of around 3.5% between 2016 and 2021.Luxury travel has given birth to luxury hotels that are characterized by a high-end experience at a premium price. Luxury hotels defined by luxury features such as for furnish bathrooms and swimming pools. Moreover, highest of professional and personalized service, luxury hotels have become the epicenter of revenues earned by the overall hospitality industry. Luxury hotels are usually classified on the basis of Four Diamond or Five Diamond depending on the facilities provided to customers.

 

According to the report, the global luxury hotels market was valued at approximately USD 153.82  billion in 2015 and is expected to reach approximately USD 194.63 billion by 2021, growing at a CAGR of around 3.5% between 2016 and 2021.

Tourism is travel for pleasure, enjoyment, fun relaxation etc. Demands of hotels continuously increase with increase in number of tourism. Growing travel and tourism industry is one of the key factors which directly responsible for the growth of luxury hotels industry market. In order to meet the increasing customer satisfaction, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences. Now a day, luxury hotels come under more innovative ideas and luxury facilities to satisfy the needs of customers.

Globally, demand for luxury hotels market has been accelerated by increasing numbers of business meetings and tourism. Furthermore, rise in travel and tourism industry is one of the leading factors for the growth of luxury hotel market. Moreover, market globalization, industrialization and urbanizations are directly responsible for fueling the growth of luxury hotel market. However, luxury hotels market suffered as a result of a strong economic slowdown of the late-2000s recession, between the second half of 2008 and the end of 2009. In addition, the outbreak of the H1N1 influenza virus in various countries is expected to slow down the growth of luxury hotels market. Furthermore, from past few years, many foreign tourists opt for medical treatment in medical emergencies like kidney transplant, liver transplant expected to create huge opportunities in luxury hotel market during forecasting periods.

Global Luxury Hotels Market

Based on types, the global market for luxury hotels is segmented into five types: – business hotel, suites hotel, airport hotel, resorts and other hotel. In terms of revenue generation, business hotel is the leading segment in luxury hotel market, followed by airport hotel due continuous increasing number of industrialization and urbanization. Meanwhile, the airport hotels segment will rise at a steady CAGR of 3.7% during the forecast period. The global luxury hotels market will receive a huge impetus from ubiquitous promotional activities, strong branding strategies, and increasing investment in online advertising.

Geographically, North America was dominating regional market for aviation analytics in 2015, due to huge investment in infrastructure. In addition, North America holds maximum business centre/headquarters of world premium industries across world. Growing business in Asia Pacific serves as a fastest growing regional market for luxury hotels owing to the huge capital investment in construction of world class infrastructure. Shifting of business hub from west to east especially in China and India is a mean cause for the growth in the Asia Pacific region within the forecast period. Moreover, Latin America and Middle East & Africa is expected to have splendid growth due to growth in tourism sector within the forecasting period.

The key players operative in the global Luxury hotels market includes Starwood Hotels & Resorts, InterContinental Hotels Group PLC, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, Inc., Marriott International, Inc., Four Seasons Holdings Inc., ITC Hotels Limited, Mandarin Oriental International Limited and Shangri-La International Hotel Management Ltd.

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Luxury Hotels market, 2015 – 2021 (USD Billion)
    • 2.2. Global Luxury Hotels market: Snapshot
  • Chapter 3. Luxury Hotels – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Luxury Hotels Market Drivers: Impact Analysis
      • 3.3.2. Increase In Urbanization
    • 3.4. Market Restraints
      • 3.4.1. Global Luxury Hotels Market Restraints: Impact Analysis
      • 3.4.2. Recession
      • 3.4.3. Pandemic Of Virus
    • 3.5. Opportunities
      • 3.5.1. Increase In Travel And Tourism Industry
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By Type Segment
      • 3.7.2. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Luxury Hotels Market – Competitive Landscape
    • 4.1. Company Market Share, 2015 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, Type And Regional Expansion
    • 4.3. Type Portfolio
  • Chapter 5. Global Luxury Hotels Market – Type Segment Analysis
    • 5.1. Global Luxury Hotels Market: Type Segment Overview
      • 5.1.1. Global Luxury Hotels Market Revenue Share, By Type Segment, 2015 And 2021
    • 5.2. Business Hotel
      • 5.2.1. Global Business Hotel Market , 2015 – 2021 (USD Billion)
    • 5.3. Suites Hotel
      • 5.3.1. Global Suites Hotel Market, 2015 – 2021 (USD Billion)
    • 5.4. Airport Hotel
      • 5.4.1. Global Airport Hotels Market, 2015 – 2021 (USD Billion)
    • 5.5. Resorts
      • 5.5.1. Global Resorts Market, 2015 – 2021 (USD Billion)
    • 5.6. Others
      • 5.6.1. Global Other Luxury Hotels Market, 2015 – 2021 (USD Billion)
  • Chapter 6. Global Luxury Hotels Market – Regional Segment Analysis
    • 6.1. Global Luxury Hotels market: Regional overview
      • 6.1.1. Global Luxury Hotels Market Revenue Share, By Region, 2015 And 2021
    • 6.2. North America
      • 6.2.1. North America Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.2.2. U.S.
        • 6.2.2.1. U.S. Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.3.2. Germany
        • 6.3.2.1. Germany Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.3.3. France
        • 6.3.3.1. France Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.3.4. UK
        • 6.3.4.1. UK Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.2. China
        • 6.4.2.1. China Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.3. Japan
        • 6.4.3.1. Japan Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.4. India
        • 6.4.4.1. India Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.5.2. Brazil
        • 6.5.2.1. Brazil Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.6. Middle East And Africa
      • 6.6.1. Middle East And Africa Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
  • Chapter 7. Company Profile
    • 7.1. Starwood Hotels & Resorts.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Type Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. The Indian Hotels Company Limited
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Type Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Intercontinental Hotels Group PLC.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Type Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Kerzner International Resorts
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Type Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Marriott International, Inc
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Type Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. Shangri-La International Hotel Management Ltd
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Type Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. International Resorts
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Type Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent developments
    • 7.8. ITC Hotels Limited
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Type portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Four Seasons Holdings Inc.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Type portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. Mandarin Oriental International Limited
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Type portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent developments

List of Figures

1. Market Research Process
2. Market Research Methodology
3. Global Luxury Hotels Market Revenue, 2015 – 2021 (USD Billion)
4. Porter’s Five Forces Analysis
5. Luxury Hotels: Market Attractiveness Analysis, By Type Segment
6. Luxury Hotels : Market Attractiveness Analysis, By Regional Segment
7. Company Market Share Analysis, 2015 And 2021
8. Global Luxury Hotels Market Revenue Share By Type, 2015 And 2021
9. Business Hotel Market, 2015 – 2021, (USD Billion)
10. Suites Hotel Market, 2015 – 2021, (USD Billion)
11. Airport Hotel Market, 2015 – 2021, (USD Billion)
12. Resorts Market, 2015 – 2021, (USD Billion)
13. Other Hotels Market, 2015 – 2021, (USD Billion)
14. Global Luxury Hotels Market Share, By Region, 2015 – 2021
15. North America Luxury Hotel Market, 2015 – 2021, (USD Billion)
16. U.S. Luxury Hotel Market, 2015 – 2021, (USD Billion)
17. Europe Luxury Hotel Market, 2015 – 2021, (USD Billion)
18. UK Luxury Hotel Market, 2015 – 2021, (USD Billion)
19. France Luxury Hotel Market, 2015 – 2021, (USD Billion)
20. Germany Luxury Hotel Market, 2015 – 2021, (USD Billion)
21. Asia Pacific Luxury Hotel Market, 2015 – 2021, (USD Billion)
22. China Luxury Hotel Market, 2015 – 2021, (USD Billion)
23. Japan Luxury Hotel Market, 2015 – 2021, (USD Billion)
24. India Luxury Hotel Market, 2015 – 2021, (USD Billion)
25. Latin America Luxury Hotel Market, 2015-2021, (USD Billion)
26. Brazil Luxury Hotel Market, 2015 – 2021, (USD Billion)
27. Middle East & Africa Luxury Hotel Market, 2015 – 2021, (USD Billion)


List of Tables

1. Luxury Hotels  market: Market snapshot
2. Drivers Of Global Luxury Hotels  Market: Impact Analysis
3. Restraints Of Global Luxury Hotels   Market: Impact Analysis
4. North America Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
5. U.S Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
6. Europe Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
7. Germany Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
8. France Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
9. UK Luxury Hotels Market Revenue, By Type , 2015 – 2021(USD Billion)
10. Asia Pacific Luxury Hotels Market Revenue, By Type 2015 – 2021(USD Billion)
11. China Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
12. Japan Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
13. India Luxury Hotels Market Revenue, By Type, 2015 – 2021(USD Billion)
14. Latin America Luxury Hotels Market Revenue, By Type – 2021 (USD Billion)
15. Brazil Luxury Hotels Market Revenue, By Type – 2021 (USD Billion)
16. Middle East And Africa Luxury Hotels Market Revenue, By Type – 2021 (USD Billion)

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