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Global luxury hotel market size is expected to reach $131.49 Bn by 2028 at a rate of 5.3%, segmented as by type, business hotels, airport hotels, suite hotels, resorts, other types<br>
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Luxury Hotel Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review
Luxury Hotel Market Segments The Business Research Company segments the luxury hotel market report as: Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types By Type By Room Type Luxury, Upper-Upscale, Upscale By Category Chain, Independent
Market Statistics The global Luxury Hotel market size grew from $100.14 billion in 2023 to $106.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%.The Luxury Hotel market size is expected to grow to $131.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. $131.49 B $106.78 B $100.14 B Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers High operating costs are expected to limit the growth of the luxury hotel market going forward. Trends Major companies operating in the luxury hotel market focus on improving guest experience to enhance the digital welcome experience with the use of multiple technological enhancements • Region North America was the largest region in the Luxury Hotel market in 2023. The regions covered in the Luxury Hotel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Top Eleven Players In The Market • Major players in the market are: • Jardine Matheson Holdings Ltd. • Marriott International Inc. • Hilton Hotels & Resorts • Hyatt Hotels Corporation • W Hotels • Kempinski Hotels S.A • Host Hotels & Resorts Inc. • Accor SA • Four Seasons Hotel Limited • Ritz-Carlton Hotel Company LLC • Park Hotels & Resorts Get More Information On The Market Report
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