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The global luxury hotel market was valued at US$ 100.0 Billion in 2021.
We expect the global luxury hotel market to exhibit a CAGR of 4.6% during 2022-2027.
The expanding tourism and hospitality sectors, along with the emerging trend of weekend getaways
among the working population, are currently driving the global luxury hotel market.
The sudden outbreak of the COVID-19 pandemic has led to the escalating demand for luxury hotels,
owing to the increasing need for staycations and weekend trips, especially due to the rising adoption of
remote working model.
Based on the type, the global luxury hotel market has been segmented into business hotels, airport
hotels, suite hotels, resorts, and others. Among these, business hotels hold the majority of the total
Based on the category, the global luxury hotel market can be categorized into chain and independent.
Currently, chain exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global luxury hotel market include 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.
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