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New Jersey, USA – (SBWIRE) – 05/04/2022 – The latest published Luxury Hotel Market Research has assessed the future growth potential of the global luxury hotel market and provides useful insights and statistics on the structure and size of the market. The report aims to provide market insights and strategic insights to help decision makers make sound investment decisions and identify potential gaps and growth opportunities. Furthermore, the report also identifies and analyzes the changing dynamics, emerging trends alongside essential drivers, challenges, opportunities and restraints in the Luxury Hotel market. The study includes analysis of market shares and profiles of players such as Marriott International Inc. (US), Wyndham Destinations (US), Hilton Hotels & Resorts (US), Hyatt Corporation (US United States), Kerzner International Resort Inc. (United States), Radisson Hotel Group (United States), Accor Hotel (France), Four Seasons Holdings Inc. (Canada), Intercontinental Hotels Group (United Kingdom), Taj Hotels (India), ITC Hotels Limited (India), The Indian Hotel Companies Limited (India).
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Luxury Hotel Report Scope
Luxury hotels refer to hotels that provide guests with a luxurious accommodation experience. It offers better hospitality with a consistently high quality of uniqueness and exclusivity. The market is expected to grow significantly over the forecast period owing to increasing consumer spending power and growing number of international and domestic tourists traveling for business or leisure. According to AMA Research, the luxury hotel market is expected to register a CAGR of 4.0% during the forecast period to 2026. businesses in various regions, the growing demand for luxury hotels for business. Corporate events and stays and moving to a new location.
The titled segments and sub-sections of the market are illuminated below:
by type (business hotels, airport hotels, vacation hotels, resorts and spas, others (suite hotels, serviced apartments, casino hotels, conference and convention centers)), application (room, catering , Spas, Other (Amenities, Pool Facilities, Welcome and Leaving Gifts, Fancy Transfer Services)
Growth of tourism and travel industries and businesses in various regions
Growing demand for luxury hotels for corporate events and corporate stays
Advent to a new location
Improved lifestyle due to standard of living
Inclination for luxury hotels among consumers in developing countries
Rise in preference for leisure travel
New innovations and technological advances in infrastructure and facilities provided
The emerging market has great potential for new types of luxury hotels
Growing demand for budget accommodation
Regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa
Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium , Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.
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The International Luxury Hotel Association reaches an audience of more than 500,000 hospitality professionals in more than 90 countries. It also produces LUXURY HOTELIERS magazine, ILHA SmartBrief and INSPIRE SUMMITS in Europe and North America.
Key Market Developments:
In March 2017, Accor Hotels announced its strategic partnership with Rixos Hotels to expand its geographical footprint in various countries, including Russia, Egypt, United Arab Emirates and Turkey. and In September 2016, Marriott International, Inc. completed its acquisition of Starwood Hotels & Resorts Worldwide, Inc., creating the world’s largest and best hospitality company with the maximum portfolio of brands, including lifestyle brands. leading lifestyle, significant global footprint and leadership in the select luxury and service levels as well as the convention and resort segment
Strategic Points Covered in Table of Content of Global Luxury Hotel Market:
Chapter 1: Introduction, Market Driving Product Objective of Study and Research Scope of Luxury Hospitality Market
Chapter 2: Exclusive Summary – the basics of the luxury hotel market.
Chapter 3: Viewing Market Dynamics – Drivers, Trends and Luxury Hotel Challenges and Opportunities
Chapter 4: Presentation of factor analysis of the luxury hotel market, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Product Display by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of Luxury Hospitality Market which includes its Competitive Landscape, Peer Group Analysis, BCG Matrix and Company Profile
Chapter 7: To assess the market by segments, by countries and by manufacturers/company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Viewing the appendix, methodology and data source
Finally, Luxury Hotel Market is a valuable source of advice for individuals and businesses.
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Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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