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Luxury Hotel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global luxury hotel market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Luxury hotels are commercial establishments that offer luxurious and high-end lodging experiences to travelers, tourists and guests. They usually include business, airport and suite hotels and resorts. These accommodations offer lavish services, such as spas, swimming pools, dine-in restaurants, salons, private beaches and fitness centers. They also provide fast, convenient and discrete check-in and check-out, smart planning and booking process, laundry, business centers, babysitting, dog walking and concierge services. These hotels usually have exclusive designer interiors manufactured using state-of-the-art technologies. The rooms of luxury hotels also have high-quality aesthetic art on walls, floors, roofs and windows, flat-screen televisions (TVs), artisan toiletries and coffee makers to improve the experience of the guest.

Luxury Hotel Market Trends:

Significant growth in the tourism and hospitality industries is one of the key factors creating a positive outlook for the market. Moreover, changing lifestyle patterns and the increasing preference for weekend getaways among the working population are providing a thrust to the market growth. Due to the onset of the coronavirus (Covid-19) pandemic, individuals are widely opting for staycations and weekend trips in luxury hotels for remote working. In line with this, the proliferation of social media platforms and increasing collaborations of hotels with celebrities and influencers are also contributing to the growth of the market. Additionally, rapid digitization and the development of smartphone applications and websites for online booking of hotels, are acting as other growth-inducing factors. These innovative solutions include technology-assisted facilities, such as mobile check-in, contactless payments, voice control and biometrics, that aid in enhancing the comfort and overall experience for the guests. Other factors, including rising expenditure capacities of the consumers, along with the development of eco-friendly luxury hotels with sustainable practices, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global luxury hotel market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, room type and category.

Breakup by Type:

  • Business Hotels
  • Airport Hotels
  • Suite Hotels
  • Resorts
  • Others
     

Breakup by Room Type:

  • Luxury
  • Upper-Upscale
  • Upscale
     

Breakup by Category:

  • Chain
  • Independent
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accor, Belmond Ltd. (LVMH Moët Hennessy Louis Vuitton), Four Seasons Hotels Limited, Hyatt Hotels Corporation, InterContinental Hotels Group plc, ITC Limited, Jumeirah International LLC, Mandarin Oriental Hotel Group Limited, Marriott International Inc, Rosewood Hotels and Resorts L.L.C. (Rosewood Hotel Group), Shangri-La International Hotel Management Ltd. and The Indian Hotels Company Limited.

Report Coverages:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Type, Room Type, Category, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Accor, Belmond Ltd. (LVMH Moët Hennessy Louis Vuitton), Four Seasons Hotels Limited, Hyatt Hotels Corporation, InterContinental Hotels Group plc, ITC Limited, Jumeirah International LLC, Mandarin Oriental Hotel Group Limited, Marriott International Inc, Rosewood Hotels and Resorts L.L.C. (Rosewood Hotel Group), Shangri-La International Hotel Management Ltd. and The Indian Hotels Company Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global luxury hotel market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global luxury hotel market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the room type?
  • What is the breakup of the market based on the category?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global luxury hotel market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Luxury Hotel Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Type
    6.1    Business Hotels
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Airport Hotels
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Suite Hotels
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Resorts
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Room Type
    7.1    Luxury
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Upper-Upscale
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Upscale
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Category
    8.1    Chain
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Independent
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Accor
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Belmond Ltd. (LVMH Moët Hennessy Louis Vuitton)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Four Seasons Hotels Limited
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Hyatt Hotels Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    InterContinental Hotels Group plc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    ITC Limited
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Jumeirah International LLC
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Mandarin Oriental Hotel Group Limited
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Marriott International Inc
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Rosewood Hotels and Resorts L.L.C. (Rosewood Hotel Group)
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Shangri-La International Hotel Management Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
        14.3.12    The Indian Hotels Company Limited
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Luxury Hotel Market: Major Drivers and Challenges
Figure 2: Global: Luxury Hotel Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Luxury Hotel Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Luxury Hotel Market: Breakup by Type (in %), 2020
Figure 5: Global: Luxury Hotel Market: Breakup by Room Type (in %), 2020
Figure 6: Global: Luxury Hotel Market: Breakup by Category (in %), 2020
Figure 7: Global: Luxury Hotel Market: Breakup by Region (in %), 2020
Figure 8: Global: Luxury Hotel (Business Hotels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Luxury Hotel (Business Hotels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Luxury Hotel (Airport Hotels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Luxury Hotel (Airport Hotels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Luxury Hotel (Suite Hotels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Luxury Hotel (Suite Hotels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Luxury Hotel (Resorts) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Luxury Hotel (Resorts) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Luxury Hotel (Other Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Luxury Hotel (Other Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Luxury Hotel (Luxury) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Luxury Hotel (Luxury) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Luxury Hotel (Upper-Upscale) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Luxury Hotel (Upper-Upscale) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Luxury Hotel (Upscale) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Luxury Hotel (Upscale) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Luxury Hotel (Chain) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Luxury Hotel (Chain) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Luxury Hotel (Independent) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Luxury Hotel (Independent) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: North America: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: North America: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: United States: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: United States: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Canada: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Canada: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Asia-Pacific: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Asia-Pacific: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: China: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: China: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Japan: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Japan: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: India: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: India: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: South Korea: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: South Korea: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Australia: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Australia: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Indonesia: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Indonesia: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Others: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Others: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Europe: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Europe: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Germany: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Germany: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: France: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: France: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: United Kingdom: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: United Kingdom: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Italy: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Italy: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Spain: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Spain: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Russia: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Russia: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Others: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Others: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Latin America: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Latin America: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Brazil: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Brazil: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Mexico: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Mexico: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Others: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Others: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Middle East and Africa: Luxury Hotel Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Middle East and Africa: Luxury Hotel Market: Breakup by Country (in %), 2020
Figure 76: Middle East and Africa: Luxury Hotel Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Global: Luxury Hotel Industry: SWOT Analysis
Figure 78: Global: Luxury Hotel Industry: Value Chain Analysis
Figure 79: Global: Luxury Hotel Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Luxury Hotel Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Luxury Hotel Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Luxury Hotel Market Forecast: Breakup by Room Type (in Million US$), 2021-2026
Table 4: Global: Luxury Hotel Market Forecast: Breakup by Category (in Million US$), 2021-2026
Table 5: Global: Luxury Hotel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Luxury Hotel Market: Competitive Structure
Table 7: Global: Luxury Hotel Market: Key Players

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