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Home > Consumer >  Travel and Tourism >  Global Luxury Hotels Market to 2025 – Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook

Global Luxury Hotels Market to 2025 – Market Snapshot, Key Trends and Insights, Company Profiles and Future Outlook

GlobalData’s Luxury Hotels Market report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the luxury accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers' needs.

Key Highlights

– In 2020, Covid-19 had a huge impact on the luxury hotel market, so much so that the decline in the number of rooms, occupancy, and RevPAR was historic. Luxury hotels, having a major chunk of their revenue from foreign tourists, suffered severe losses during the pandemic. Hotels have had to bear the fixed costs and minimize variable costs to a large extent to navigate through the pandemic.

– China remained the largest global luxury hotel market, generating revenue of US$xbn in 2020. This represented a decline of x% on 2019.

– With safety and hygiene being the need of the hour, luxury hotel chains are encouraging technology-based services such as contactless technologies and are planning on utilizing augmented and virtual realities. The traditional customer-facing services are now, at least to some extent, giving way to contactless payments, mobile check-in, voice control, biometrics, etc.

Scope

– This report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the luxury accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers' needs.

Reasons to Buy

– Understand the impact of COVID-19 on this market

– Gauge which are the biggest and most promising regional markets for the luxury accommodation market

– Understand the demand-side dynamics within the industry to identify key trends and growth opportunities

– Gain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.

Companies Mentioned

IHG

Marriott

Banyan Tree

Shangri-La

Four Seasons

Hyatt

Table of Contents

Table of Contents

Snapshot

Key Trends

Deals

Key Insights

Americas

Asia-Pacific

Europe

Middle East and Africa

Outlook

Company Profiles

Intercontinental Hotels Group

Shangri-La Asia

Marriott International

Four Seasons Hotels and Resorts

Banyan Tree Holdings Limited

Hyatt Hotels Corporation

Appendix

References

Terminology and definitions

About GlobalData

List of Figures

List of Figures

Figure 1: Top 10 global markets: total revenue, luxury hotels in 2020 (US$bn)

Figure 2: Top 10 global markets: total revenue, luxury hotels in 2020 (US$bn)

Figure 3: Top five Americas markets: number of rooms, luxury hotels (thousand)

Figure 4: Top five Americas markets: occupancy rate (%), luxury hotels

Figure 5: Top five Asia-Pacific markets: number of rooms, luxury hotels (thousand)

Figure 6: Top five Asia-Pacific markets: occupancy rate (%), luxury hotels

Figure 7: Top five Europe markets: number of rooms, luxury hotels (thousand)

Figure 8: Top five Europe markets: occupancy rate (%), luxury hotels

Figure 9: Top five Middle East & Africa markets: number of rooms, luxury hotels (thousand)

Figure 10: Top five Middle East & Africa markets: occupancy rate (%), luxury hotels

Figure 11: Top 10 global markets: total revenue, luxury hotels, 2020 vs. 2025 (US$bn)

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