Pune, Maharashtra -- (SBWire) -- 01/19/2024 --The Latest Study Published by HTF MI Research on the "Luxury Hotel Market'' evaluates market size, trend and forecast to 2030. The Luxury Hotel market study includes significant research data and evidences to be a practical resource document for managers and analysts is, industry experts and other key people to have an easily accessible and self-analysed study to help understand market trends, growth drivers, opportunities and upcoming challenges as well as information about the competitors. Some of the Major Companies covered in this Research are Hyatt (Australia), Marriott (United States), Mandarin oriental (Hong Kong), Six senses (Thailand), Belmond (United Kingdom), Rosewood (United States), One&only resorts (UAE), Four seasons (Canada), Soneva (Maldives), Raffles hotels & resorts (United Kingdom).
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According to HTF Market Intelligence, the Global Luxury Hotel market to witness a CAGR of 5.1% during forecast period of 2024-2030. Global Luxury Hotel Market Breakdown by Application (Individual, Group, Corporates) by Type (Business Hotels, Resorts, Suite Hotels, Airport Hotels, Others) by Booking Mode (Travel Agents, Online travel Portal, Direct Booking, Others) by Category (Independent, Chain) by Service (Accommodation, Dine in, Spas, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Luxury Hotel market size is estimated to increase by USD 65368 Million at a CAGR of 5.1% from 2024 to 2030. The report includes historic market data from 2018 to 2024E. Currently, market value is pegged at USD 95113 Million.
The luxury hotel market refers to a segment of the hospitality industry that provides high-end accommodations, amenities, and services for guests who are willing to pay a premium price for a luxurious and exclusive experience. These hotels are typically located in prime locations, such as major cities, tourist destinations, or exclusive resort areas, and offer a range of services and facilities such as upscale restaurants, spas, fitness centers, and conference rooms.
Market Drivers
- Increased travel frequency: As global travel becomes more accessible and affordable, more people are traveling frequently and seeking out luxury accommodations.
Market Trend
- Sustainability and eco-friendliness: Luxury hotels are increasingly incorporating environmentally conscious practices into their operations, such as reducing waste, using renewable energy sources, and promoting conservation efforts.
Opportunities
- Expansion into new markets: Luxury hotel brands can expand into emerging markets where there is a growing demand for luxury travel experiences.
Major Highlights of the Luxury Hotel Market report released by HTF MI
Global Luxury Hotel Market Breakdown by Application (Individual, Group, Corporates) by Type (Business Hotels, Resorts, Suite Hotels, Airport Hotels, Others) by Booking Mode (Travel Agents, Online travel Portal, Direct Booking, Others) by Category (Independent, Chain) by Service (Accommodation, Dine in, Spas, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Informational Takeaways from the Market Study: The report Luxury Hotel matches the completely examined and evaluated data of the noticeable companies and their situation in the market considering impact of Coronavirus. The measured tools including SWOT analysis, Porter's five powers analysis, and assumption return debt were utilized while separating the improvement of the key players performing in the market.
Key Development's in the Market: This segment of the Luxury Hotel report fuses the major developments of the market that contains confirmations, composed endeavours, R&D, new thing dispatch, joint endeavours, and relationship of driving members working in the market.
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Some of the important question for stakeholders and business professional for expanding their position in the Luxury Hotel Market:
Q 1. Which Region offers the most rewarding open doors for the market Ahead of 2024?
Q 2. What are the business threats and Impact of latest scenario over the market Growth and Estimation?
Q 3. What are probably the most encouraging, high-development scenarios for Luxury Hotel movement showcase by applications, types and regions?
Q 4.What segments grab most noteworthy attention in Luxury Hotel Market in 2021 and beyond?
Q 5. Who are the significant players confronting and developing in Luxury Hotel Market?
Luxury Hotel Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Luxury Hotel market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Luxury Hotel Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Luxury Hotel Market Production by Region
- Luxury Hotel Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Luxury Hotel Market Report: Overview, drivers and barriers
- Luxury Hotel Market Competition by Manufacturers
- Luxury Hotel Market Capacity, Production, Revenue (Value) by Region (2024-2030)
- Luxury Hotel Market Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Luxury Hotel Market Manufacturers Profiles/Analysis
- Luxury Hotel Market Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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