Luxury Hotels Market Increasing at A Phenomenal Pace to Reach USD 14.40 Billion by 2028

30-Aug-2021 | Zion Market Research

Some of key players Luxury Hotels Market are I InterContinental Hotels Group PLC, Jumeirah International LLC, Starwood Hotels & Resorts,  Kerzner International Resorts,  Four Seasons Holdings Inc., Shangri-La International Hotel Management Ltd., ITC Hotels, Marriott International, Mandarin Oriental International Limited, and The Indian Hotels Company Limited, among others..  These players are set to bolster the development of global Luxury Hotels Market.

According to analysts at Zion Market Research, the global Luxury Hotels Market accounted for USD 11.24 Billion in 2020 and is expected to reach USD 14.40 Billion by 2028, growing at a CAGR of 3.5% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

 

Consumer preference towards luxury hotels platforms to Spur Growth

 Increasing trends of western lifestyles in the world in current scenario driven the requirement for luxury hotels market during business purpose meetings and holidays,” claim analysts at Zion Market Research. As many more users are much attracted   towards their dreams of luxury living, they are investing lavishly on the same; this is boosting the development of luxury hotels market. With a broad series of expectations from the realm of luxury services, users are choosing for luxury hotels and resorts over bed accommodations and breakfast, thereby towering the luxury hotels market.

Presence of Big Players in The Region Support Asia Pacific Dominance

North America accounted for a share of around 35% in 2020. North America was the dominating player for luxury hotels market all over the world. North America will stay the dominating player in the luxury hotels market during the forecast period due to the huge attendance of luxury hotels in the U.S.

Browse the full Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, and Resorts): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/luxury-hotels-market

The global luxury hotels market is segmented as follows:

By Type

  • Business Hotels
  • Suite Hotels
  • Airport Hotels
  • Resorts

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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