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Luxury Hotels Market By Type (Business Hotels, Suite Hotels, Airport Hotels, Resorts) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021

Published Date: 05-Dec-2016 Category: Consumer Goods Report Format : PDF Pages: 110 Report Code: ZMR-475 Status : Published

Global luxury hotels market will reach $194.63 billion by 2021, growing at a CAGR of 3.5% between 2016 and 2021.

Description

The report covers forecast and analysis for the luxury hotels market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the luxury hotels market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the luxury hotels market on a global level.

This report offers comprehensive coverage on global luxury hotels market along with, market trends, drivers, and restraints of luxury hotels market. This report included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the luxury hotels market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.

The study provides a decisive view on the luxury hotels market by segmenting the market based on types and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The type based market covered under this study includes business hotels, airport hotel, suites hotel, resorts and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This region further bifurcated into the United States, Germany, France, United Kingdom, China, India, Japan, And Brazil.

 

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.

This report segments the global luxury hotels market as follows:

Global Luxury Hotels Market: Type Analysis

  • Business Hotel
  • Airport Hotel
  • Suites Hotel
  • Resort
  • Others

Global Luxury Hotels Market: Regional Segment Analysis

  • North America
    • US
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East And Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Luxury Hotels market, 2015 - 2021 (USD Billion)
    • 2.2. Global Luxury Hotels market: Snapshot
  • Chapter 3. Luxury Hotels – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Luxury Hotels Market Drivers: Impact Analysis
      • 3.3.2. Increase In Urbanization
    • 3.4. Market Restraints
      • 3.4.1. Global Luxury Hotels Market Restraints: Impact Analysis
      • 3.4.2. Recession
      • 3.4.3. Pandemic Of Virus
    • 3.5. Opportunities
      • 3.5.1. Increase In Travel And Tourism Industry
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By Type Segment
      • 3.7.2. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Luxury Hotels Market – Competitive Landscape
    • 4.1. Company Market Share, 2015 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, Type And Regional Expansion
    • 4.3. Type Portfolio
  • Chapter 5. Global Luxury Hotels Market – Type Segment Analysis
    • 5.1. Global Luxury Hotels Market: Type Segment Overview
      • 5.1.1. Global Luxury Hotels Market Revenue Share, By Type Segment, 2015 And 2021
    • 5.2. Business Hotel
      • 5.2.1. Global Business Hotel Market , 2015 – 2021 (USD Billion)
    • 5.3. Suites Hotel
      • 5.3.1. Global Suites Hotel Market, 2015 – 2021 (USD Billion)
    • 5.4. Airport Hotel
      • 5.4.1. Global Airport Hotels Market, 2015 – 2021 (USD Billion)
    • 5.5. Resorts
      • 5.5.1. Global Resorts Market, 2015 – 2021 (USD Billion)
    • 5.6. Others
      • 5.6.1. Global Other Luxury Hotels Market, 2015 – 2021 (USD Billion)
  • Chapter 6. Global Luxury Hotels Market – Regional Segment Analysis
    • 6.1. Global Luxury Hotels market: Regional overview
      • 6.1.1. Global Luxury Hotels Market Revenue Share, By Region, 2015 And 2021
    • 6.2. North America
      • 6.2.1. North America Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.2.2. U.S.
        • 6.2.2.1. U.S. Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.3.2. Germany
        • 6.3.2.1. Germany Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.3.3. France
        • 6.3.3.1. France Luxury Hotels Market Revenue, By Type, 2015 – 2021, (USD Billion)
      • 6.3.4. UK
        • 6.3.4.1. UK Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.2. China
        • 6.4.2.1. China Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.3. Japan
        • 6.4.3.1. Japan Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.4.4. India
        • 6.4.4.1. India Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
      • 6.5.2. Brazil
        • 6.5.2.1. Brazil Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
    • 6.6. Middle East And Africa
      • 6.6.1. Middle East And Africa Luxury Hotels Market Revenue, By Type, 2015 – 2021 (USD Billion)
  • Chapter 7. Company Profile
    • 7.1. Starwood Hotels & Resorts.
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Type Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. The Indian Hotels Company Limited
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Type Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Intercontinental Hotels Group PLC.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Type Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Kerzner International Resorts
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Type Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Marriott International, Inc
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Type Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. Shangri-La International Hotel Management Ltd
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Type Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. International Resorts
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Type Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent developments
    • 7.8. ITC Hotels Limited
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Type portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Four Seasons Holdings Inc.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Type portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. Mandarin Oriental International Limited
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Type portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent developments

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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