New Jersey, USA — (SBWIRE) — 05/04/2022 — The Latest Released Luxury Hotel market study has evaluated the future growth potential of Global Luxury Hotel market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Luxury Hotel market. The study includes market share analysis and profiles of players such as Marriott International Inc. (United States), Wyndham Destinations (United States), Hilton Hotels & Resorts (United States), Hyatt Corporation (United States), Kerzner International Resort Inc. (United States), Radisson Hotel Group (United States), Accor Hotel (France) , Four Seasons Holdings Inc. (Canada) , Intercontinental Hotels Group (U.K.), Taj Hotels (India) , ITC Hotels Limited (India), The Indian Hotel Companies Limited (India).
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Scope of the Report of Luxury Hotel
Luxury Hotels refers to hotels which provides customer with luxurious accommodation experience. It provides with better hospitality with consistent superior quality of uniqueness and exclusivity.The market is expected to grow significantly over the forecast period owing to increasing purchasing power of consumers and rising number of international as well as domestic tourists on business or leisure trips. According to AMA Research, the market for Luxury Hotel is expected to register a CAGR of 4.0% during the forecast period to 2026. This growth is primarily driven by Growing Tour & Travel and Corporate Industries across Various Regions, Increasing Demand for Luxury Hotels for Corporate Events and Corporate Stays and Advent to New Location.
The titled segments and sub-section of the market are illuminated below:
by Type (Business Hotels, Airport Hotels, Holiday Hotels, Resort & Spas, Other (Suite Hotel, Service apartments, Casino hotels, conference and convention centers)), Application (Room, Food & Beverage, Spas, Others (Amenities, pool facilities, Welcome and Leaving gifts, Fancy transfer services))
Growing Tour & Travel and Corporate Industries across Various Regions
Increasing Demand for Luxury Hotels for Corporate Events and Corporate Stays
Advent to New Location
Improved Lifestyle Due To Standard Of Living
Inclination towards Luxurious Hotels among Consumers in Developing Countries
Rise in Preference for Leisure Travel
New Innovations and Technology Advancement in Infrastructure and Facilities Provided
Emerging Market to Hold Great Potential for New Types of Luxury Hotels
Growing Demand for Budget Accommodation
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the 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 hotel professionals in 90+ countries. It also produces LUXURY HOTELIERS Magazine, ILHA SmartBrief and the INSPIRE SUMMITS in Europe and North America
Key Developments in the Market:
In March 2017, Accor Hotels announced its strategic partnership with Rixos Hotels to expand its geographical footprint in various countries including Russia, Egypt, UAE, 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 hotel company providing maximum portfolio of brands including leading lifestyle brands, a significant global footprint, and leadership in the luxury and select-service tiers 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 force product Objective of Study and Research Scope the Luxury Hotel market
Chapter 2: Exclusive Summary – the basic information of the Luxury Hotel Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Luxury Hotel
Chapter 4: Presenting the Luxury Hotel Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Luxury Hotel market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate 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: Displaying the Appendix, Methodology and Data Source
finally, Luxury Hotel Market is a valuable source of guidance for individuals and companies.
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