Market Overview

The Global Luxury Hotel Market was valued at USD 106,985.0 million in 2023 and is expected to reach USD 147,546.5 million by 2031 while growing at a CAGR of 4.1% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global luxury hotel market growth. A luxury hotel is an upscale accommodation facility that goes beyond standard comfort and hospitality, providing exceptionally luxurious and personalized services, amenities, and facilities to meet the needs and desires of discerning and affluent clientele. This high-end establishment ensures a premium and exclusive experience for its guests.

International tourism growth and unique experiential offerings fuel the luxury hotels market, while challenges such as global crises, travel restrictions, and environmental sustainability concerns may hinder its expansion.

Furthermore, the global luxury hotel industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Service Type Analysis

The Global Luxury Hotel Market is segmented among Business Hotels, Airport Hotels, Suite Hotels, Resorts, and Other Service Types, based on Service Type. In 2023, Business Hotels accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Luxury Hotel Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are ITC HOTELS (Marriott International Inc., Accor SA, Belmond Ltd, Four Seasons Hotels Limited, InterContinental Hotels Group PLC, Rosewood Hotels & Resorts, Ritz-Carlton Hotel Company LLC, Hyatt Corporation, Shangri-La International Hotel Management Ltd.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Luxury Hotel Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Luxury Hotel Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Luxury Hotel Market Segmentation, By Service Type

• Global Luxury Hotel Market Share Analysis, By Service Type

• Global Luxury Hotel Market Growth Analysis, By Service Type

• Global Luxury Hotel Market Trends, By Service Type

o Business Hotels

o Airport Hotels

o Suite Hotels

o Resorts

o Other Service Types     

6. Global Luxury Hotel Market Segmentation, By Region

• Global Luxury Hotel Market Share Analysis, By Region

• Global Luxury Hotel Market Growth Analysis, By Region

• Global Luxury Hotel Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

7. Competitive Landscape

• ITC HOTELS (Marriott International Inc.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Accor SA

• Belmond Ltd

• Four Seasons Hotels Limited

• InterContinental Hotels Group PLC

• Rosewood Hotels & Resorts

• Ritz-Carlton Hotel Company LLC

• Hyatt Corporation

• Shangri-La International Hotel Management Ltd        

 *Similar analysis will be provided for each company listed above.