Luxury Hotels Market - Global Industry Analysis

Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, and Resorts): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 30-Aug-2021 Category: Consumer Goods Report Format : PDF Pages: 156 Report Code: ZMR-475 Status : Published

The luxury hotels market accounted for USD 11.24 Billion in 2020 and is expected to reach more than USD 14.40 Billion by 2028, growing at a CAGR of 3.5% from 2021 to 2028.

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Description

Luxury Hotels Market: Overview

The luxury hotels market accounted for USD 11.24 Billion in 2020 and is expected to reach more than USD 14.40 Billion by 2028, growing at a CAGR of 3.5% from 2021 to 2028.

Luxury hotels are those who different features and advanced facilities to their end-user customers. These hotels are for providing high quality personalized and professional services by becoming a primary source of income produced by hospitality industry worldwide. Hospitality is a very dynamic industry that focuses on different innovations in marketing activities to adhere to a new client base. Also, hotels are now coming up with several membership cards, schemes, and offers to keep their old customers and attract the new customer segment.

COVID-19 Impact Analysis

The luxury hotel market has faced huge losses, due to a very sudden fall in tourism. Tourism sector has negative impact of the pandemic on its working much earlier. The travel measures started as early as January 2020 worldwide. International as well as domestic tourists limited their travel because of fear of contracting COVID-19. One of the most important factors for the downturn in the hospitality industry is the drop in tourist activities all over the world.

Luxury Hotels Market: Growth Factors

In the current scenario, factors such as a shift of consumer preference towards luxurious experience and comfort and a rise in income with improving standards of living are driving the luxury hotel industry demand all over the globe. Considering a rise in the number of national and international events conducted is also triggering the demand for such hotels. Among all types of guests, the category of politicians, business tycoons, celebrities, and professionals is the most prominent visitor.

The increasing income of the population in developing countries such as China, India, Brazil, Thailand, and South Africa is about to accelerate the global tourism industry and have a favorable impact on the overall market. Countries facing economic crises, political issues and regulations are anticipated to have declining or very slow market growth.

Report Scope :

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview

The type segment held a share of over XX% in 2020. The business hotels segment is going to have its dominance in the market throughout the forecast period, having a vast consumer base, that includes business, tour groups, travelers, and conference groups. Suite type of hotels is one of the main segments of the luxury hotels. The rooms in suite hotels have bedrooms with separate lounge.

Business travelers or professionals who travel outside for work including business people and managers generally have a tendency to incline towards such types of hotels and rooms. Currently, the airport hotels segment is becoming an indispensible part of the luxury hotel industry all over the world. The main clients of air hotels can be airline tourists, mainly those people whose flights are cancelled or delayed. Airplane domain staff is also targeted customers among others.

Regional Analysis Preview

North America accounted for a share of around 35% in 2020 The North American region is having their dominance and the trend is expected to be continued over the forecast period. The U.S. can be said as a global financial hub and one of the most popular tourist place for people across the world.

The European market is also growing because of government initiatives taken for the of tourist and tourism promotion in their country with this the increasing awareness of local regions and about its historical or architectural importance. For example, the royal history of Europe region such as Spain, Italy, the U.K., and France, is the main factor driving the Europe market.

Key Market Players & Competitive Landscape

With the living standard transformation in the emerging markets of Asia and Africa, such luxury hotel brands are focusing on amplifying their operations and presence in these countries. Various hotel chains are coming up with new facilities and creating unique identical economy segments and services to attract travelers.

The major players in industry of Luxury Hotels Market are 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.

The 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

Table Of Content

Chapter No. 1: Introduction
- 1.1. Report Description
  - 1.1.1. Purpose of the Report
  - 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
Chapter No. 2: Executive Summary
- 2.1. Key Findings
  - 2.1.1. Top Investment Pockets
    - 2.1.1.1. Market Attractiveness Analysis, By Type
    - 2.1.1.2. Market Attractiveness Analysis, By Region
- 2.2. Market Snapshot
- 2.3. Global Luxury Hotels Market, 2016 – 2028 (USD Million)
- 2.4. Insights from Primary Respondents
Chapter No. 3: COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
  - 3.1.1. North America
  - 3.1.2. Europe
  - 3.1.3. Asia Pacific
  - 3.1.4. Latin America
  - 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
  - 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
Chapter No. 4: Luxury Hotels Market – Type Segment Analysis
- 4.1. Overview
  - 4.1.1. Market Revenue Share, By Type, 2020 & 2028
- 4.2. Business Hotels
  - 4.2.1. Market Size and Forecast, By Region (USD Million)
  - 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Suite Hotels
  - 4.3.1. Market Size and Forecast, By Region (USD Million)
  - 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Airport Hotels
  - 4.4.1. Market Size and Forecast, By Region (USD Million)
  - 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Resorts
  - 4.5.1. Market Size and Forecast, By Region (USD Million)
  - 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
  - 4.5.3. Key Market Trends, Growth Factors, & Opportunities
Chapter No. 5: Luxury Hotels Market – Regional Analysis
- 5.1. Overview
  - 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
  - 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
- 5.2. North America
  - 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
  - 5.2.2. North America Market Revenue, By Type, 2016 – 2028
  - 5.2.3. U.S.
    - 5.2.3.1. U.S. Market Revenue, By Type, 2016 – 2028
  - 5.2.4. Canada
    - 5.2.4.1. Canada Market Revenue, By Type, 2016 – 2028
  - 5.2.5. Mexico
    - 5.2.5.1. Mexico Market Revenue, By Type, 2016 – 2028
- 5.3. Europe
  - 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
  - 5.3.2. Europe Market Revenue, By Type, 2016 – 2028
  - 5.3.3. Germany
    - 5.3.3.1. Germany Market Revenue, By Type, 2016 – 2028
  - 5.3.4. France
    - 5.3.4.1. France Market Revenue, By Type, 2016 – 2028
  - 5.3.5. U.K.
    - 5.3.5.1. U.K. Market Revenue, By Type, 2016 – 2028
  - 5.3.6. Italy
    - 5.3.6.1. Italy Market Revenue, By Type, 2016 – 2028
  - 5.3.7. Spain
    - 5.3.7.1. Spain Market Revenue, By Type, 2016 – 2028
  - 5.3.8. Rest of Europe
    - 5.3.8.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
- 5.4. Asia Pacific
  - 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
  - 5.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
  - 5.4.3. China
    - 5.4.3.1. China Market Revenue, By Type, 2016 – 2028
  - 5.4.4. Japan
    - 5.4.4.1. Japan Market Revenue, By Type, 2016 – 2028
  - 5.4.5. India
    - 5.4.5.1. India Market Revenue, By Type, 2016 – 2028
  - 5.4.6. South Korea
    - 5.4.6.1. South Korea Market Revenue, By Type, 2016 – 2028
  - 5.4.7. South-East Asia
    - 5.4.7.1. South-East Asia Market Revenue, By Type, 2016 – 2028
  - 5.4.8. Rest of Asia Pacific
    - 5.4.8.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
- 5.5. Latin America
  - 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
  - 5.5.2. Latin America Market Revenue, By Type, 2016 – 2028
  - 5.5.3. Brazil
    - 5.5.3.1. Brazil Market Revenue, By Type, 2016 – 2028
  - 5.5.4. Argentina
    - 5.5.4.1. Argentina Market Revenue, By Type, 2016 – 2028
  - 5.5.5. Rest of Latin America
    - 5.5.5.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
- 5.6. The Middle-East and Africa
  - 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
  - 5.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
  - 5.6.3. GCC Countries
    - 5.6.3.1. GCC Countries Market Revenue, By Type, 2016 – 2028
  - 5.6.4. South Africa
    - 5.6.4.1. South Africa Market Revenue, By Type, 2016 – 2028
  - 5.6.5. Rest of Middle-East Africa
    - 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
Chapter No. 6: Luxury Hotels Market – Industry Analysis
- 6.1. Introduction
- 6.2. Market Drivers
- 6.3. Market Restraints
- 6.4. Market Opportunities
- 6.5. Porter’s Five Forces Analysis
- 6.6. PEST Analysis
- 6.7. Regulatory Landscape
- 6.8. Technology Landscape
- 6.9. Regional Market Trends
  - 6.9.1. North America
  - 6.9.2. Europe
  - 6.9.3. Asia Pacific
  - 6.9.4. Latin America
  - 6.9.5. The Middle-East and Africa
- 6.10. Value Chain Analysis
Chapter No. 7: Competitive Landscape
- 7.1. Company Market Share Analysis – 2020
- 7.2. Strategic Developments
  - 7.2.1. Acquisitions & Mergers
  - 7.2.2. New Product Launch
  - 7.2.3. Regional Expansion
- 7.3. Company Strategic Developments – Heat Map Analysis
Chapter No. 8: Company Profiles
- 8.1. InterContinental Hotels Group PLC
- 8.2. Jumeirah International LLC
- 8.3. Starwood Hotels & Resorts
- 8.4. Kerzner International Resorts
- 8.5. Four Seasons Huldings Inc.
- 8.6. Shangri-La International Hotel Management Ltd.
- 8.7. ITC Hotels
- 8.8. Marriott International
- 8.9. Mandarin Oriental International Limited
- 8.10. The Indian Hotels Company Limited,
Chapter No. 9: Marketing Strategy Analysis
- 9.1. Marketing Channel
- 9.2. Direct Marketing
- 9.3. Indirect Marketing
- 9.4. Marketing Channel Development Trends
- 9.5. Economic/Pulitical Environmental Change
Chapter No. 10. Research Methodology
- 10.1. Research Methodology
- 10.2. Phase I - Secondary Research
- 10.3. Phase II - Data Modeling
  - 10.3.1. Company Share Analysis Model
  - 10.3.2. Revenue Based Modeling
- 10.4. Phase III - Primary Research
- 10.5. Research Limitations
  - 10.5.1. Assumptions

Table Of Figures

List of Figures

FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Luxury Hotels Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 6. Global Luxury Hotels Market for Business Hotels, Revenue (USD Million) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Luxury Hotels Market for Business Hotels, By Country, 2020 & 2028
FIG NO. 8. Global Luxury Hotels Market for Suite Hotels, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Luxury Hotels Market for Suite Hotels, By Country, 2020 & 2028
FIG NO. 10. Global Luxury Hotels Market for Airport Hotels, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Luxury Hotels Market for Airport Hotels, By Country, 2020 & 2028
FIG NO. 12. Global Luxury Hotels Market for Resorts, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Luxury Hotels Market for Resorts, By Country, 2020 & 2028
FIG NO. 14. Global Luxury Hotels Market Revenue Share, By Region, 2020 & 2028
FIG NO. 15. North America Luxury Hotels Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 16. Porter’s Five Forces Analysis for Global Luxury Hotels Market
FIG NO. 17. PEST Analysis for Global Luxury Hotels Market
FIG NO. 18. Pricing Analysis for Global Luxury Hotels Market
FIG NO. 19. Value Chain Analysis for Global Luxury Hotels Market
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. InterContinental Hotels Group PLC Business Segment Revenue Share, 2020 (%)
FIG NO. 24. InterContinental Hotels Group PLC Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Research Methodology – Detailed View
FIG NO. 28. Research Methodology

Table Of Tables

List of Tables

TABLE NO. 1. Global Luxury Hotels Market. Snapshot
TABLE NO. 2. Quarterly Luxury Hotels Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Luxury Hotels Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Luxury Hotels Market for Business Hotels, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Luxury Hotels Market for Suite Hotels, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Luxury Hotels Market for Airport Hotels, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Luxury Hotels Market for Resorts, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Luxury Hotels Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. North America Luxury Hotels Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 12. North America Luxury Hotels Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 13. U.S. Luxury Hotels Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 14. Canada Luxury Hotels Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 15. Mexico Luxury Hotels Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 16. Drivers for the Luxury Hotels Market. Impact Analysis
TABLE NO. 17. Restraints for the Luxury Hotels Market. Impact Analysis

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Luxury Hotels market. Zion Research has collected and analyzed key data belong to the global Luxury Hotels market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Luxury Hotels across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Luxury Hotels industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Luxury Hotels market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

Tourism is travel for pleasure, enjoyment, fun relaxation etc. Demands of hotels continuously increase with increase in number of tourism. Growing travel and tourism industry is one of the key factors which directly responsible for the growth of luxury hotels industry market. In order to meet the increasing customer satisfaction, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences. Now a day, luxury hotels come under more innovative ideas and luxury facilities to satisfy the needs of customers.

Globally, demand for luxury hotels market has been accelerated by increasing numbers of business meetings and tourism. Furthermore, rise in travel and tourism industry is one of the leading factors for the growth of luxury hotel market. Moreover, market globalization, industrialization and urbanizations are directly responsible for fueling the growth of luxury hotel market. However, luxury hotels market suffered as a result of a strong economic slowdown of the late-2000s recession, between the second half of 2008 and the end of 2009. In addition, the outbreak of the H1N1 influenza virus in various countries is expected to slow down the growth of luxury hotels market. Furthermore, from past few years, many foreign tourists opt for medical treatment in medical emergencies like kidney transplant, liver transplant expected to create huge opportunities in luxury hotel market during forecasting periods.

Global Luxury Hotels Market

Based on types, the global market for luxury hotels is segmented into five types: - business hotel, suites hotel, airport hotel, resorts and other hotel. In terms of revenue generation, business hotel is the leading segment in luxury hotel market, followed by airport hotel due continuous increasing number of industrialization and urbanization. Meanwhile, the airport hotels segment will rise at a steady CAGR of 3.7% during the forecast period. The global luxury hotels market will receive a huge impetus from ubiquitous promotional activities, strong branding strategies, and increasing investment in online advertising.

Geographically, North America was dominating regional market for aviation analytics in 2015, due to huge investment in infrastructure. In addition, North America holds maximum business centre/headquarters of world premium industries across world. Growing business in Asia Pacific serves as a fastest growing regional market for luxury hotels owing to the huge capital investment in construction of world class infrastructure. Shifting of business hub from west to east especially in China and India is a mean cause for the growth in the Asia Pacific region within the forecast period. Moreover, Latin America and Middle East & Africa is expected to have splendid growth due to growth in tourism sector within the forecasting period.

The key players operative in the global Luxury hotels market includes Starwood Hotels & Resorts, InterContinental Hotels Group PLC, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, Inc., Marriott International, Inc., Four Seasons Holdings Inc., ITC Hotels Limited, Mandarin Oriental International Limited and Shangri-La International Hotel Management Ltd.

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FrequentlyAsked Questions

What was the value of Luxury Hotels Market in 2020?

The Luxury Hotels Market was valued at USD 11.24 Billion in 2020.

What will be the size of the Luxury Hotels Market in 2028?

The Luxury Hotels Market is expected to reach USD 14.40 Billion by 2028, growing at a CAGR of 3.5% between 2021 to 2028.

What are the key factors driving the Luxury Hotels Market growth?

Some of the key factors are shift of consumer’s preference towards luxurious experience and comfort and a rise in income with improving standards of living are driving the luxury hotel industry demand all over the globe.

Which region will make notable contributions in the Luxury Hotels Market?

North America held a share of around 35% in 2020. European market is expected to grow as it has rich history of European countries such as Spain, Italy, France and more.

Which are the major companies operating in the Luxury Hotels Market?

Some of key players in Luxury Hotels Market are 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, are among others.