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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 Market Size, Trends and Global Forecast 2024-2033 © The Business Research Company. All Rights Reserved.
Luxury Hotel Global Market Segments The Business Research Company segments it’s Luxury Hotel market report as: Business Hotels, Airport Hotels, Suite Hotels, Resorts, Other Types By Type By Room Type Luxury, Upper-Upscale, Upscale Chain, Independent By Category © The Business Research Company. All Rights Reserved.
Luxury Hotel Market Statistics The luxury hotel market size has grown strongly in recent years. It will grow from $100.14 billion in 2023 to $106.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. It will grow to $131.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. Luxury Hotel Market Size Forecast To 2033 131.49 106.78 100.14 2023 2024 2028 Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers The increase in travel and tourism is expected to propel 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 Business Research Company. All Rights Reserved.
Key Market Players Major players in the Luxury Hotel Global Market are: Jardine Matheson Holdings Ltd., Marriott International, Inc., Hilton Hotels & Resorts, Hyatt Hotels Corporation, W Hotels And more. Get More Information On The Luxury Hotel market Report © The Business Research Company. All Rights Reserved.
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