According to Future Market Insights (FMI), the luxury hotel market is estimated at US$ 99.868 billion in 2023 and is projected to reach US$ 117.169 billion by 2033, at an anticipated CAGR of 5.3 % from 2023 to 2033.
The desire for lavish lodging from vacationing families and corporate travelers has largely supported the luxury hotel industry. The luxury hotels are always enhancing the caliber of their offerings to attract guests, from the layout of their rooms and menus to the inclusion of spas, fitness centers, swimming pools, and laundry services.
The expansion of the global luxury hotel market is fueled by the rise of the travel and tourism sector, an increase in consumer desire for leisure travel, and changes in the standard of living.
However, high prices limit market expansion for luxury hotels. Conversely, people's increased desire for novel entertainment and adventure opens up new chances. The luxury hotel demand is anticipated to rise due to emerging technology and the rapid rise in prosperous individuals around the globe.
Luxury Hotel Industry (From 2018 to 2022):
Attribute
Details
Market HCAGR (From 2018 to 2022)
4.1%
Market Size - 2018
US$ 81.097 billion
Market Size - 2022
US$ 95.113 billion
Luxury Hotel Industry (From 2023 to 2033):
Attribute
Details
Market CAGR (From 2023 to 2033)
5.3%
Market Size - 2023
US$ 99.868 billion
Market Size - 2033
US$ 117.169 billion
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Historical Comparison for Luxury Hotel Industry between From 2018 to 2022 and From 2023 to 2033
The demand for unique experiences, rising foreign travel, and increasing disposable incomes contributed to the luxury hotel market's consistent expansion from 2018 to 2022. During this time, there was an emphasis on experiential products and the introduction of new luxury hotel brands.
The market for premium hotels saw a dramatic upheaval between 2023 and 2033. Technological breakthroughs like AI-driven personalization and virtual reality experiences have revolutionized the guest experience. Eco-friendly design and operations have been a primary focus of sustainable practices. To meet the increased demand for well-being-focused luxury travelers, the market saw the integration of wellness and holistic experiences.
As client preferences and expectations changed, the luxury hotel industry developed to offer unmatched luxury, sustainability, and well-being.
What Factors are Upscaling the Demand for Luxury Hotels?
Crafting a Strong Brand Identity
The global luxury hotel business benefits greatly from creativity in new marketing initiatives, as it develops a strong brand identity and increases investment in internet advertising. As travelers find it incredibly relaxing and peaceful, more tourists choose to live a high life while on vacation or during the holidays.
This is increasingly done by elderly and newlyweds, who describe their trip as a once-in-a-lifetime experience. This can be related to how luxury hotels are portrayed to the target market and potential guests.
The Relationship between Per Capita Income and Hotel Preferences
A rise in per capita income is likely to boost the demand for luxury hotels significantly. The customer is willing to get the hang of how it feels to be served in such hotels and to experience it, and he is ready to spend the required amount.
Hot Favorite Among VIPs and Celebrities
VIPs and several other celebrities are designed to live prosperous lives and travel in grandeur. This is evident because they would only stay in five-star hotels while traveling.
A common person is inspired by their style of life and strives to match it, which causes a predicted rise in demand for luxury hotels.
National and international events
The government and various corporate bodies conduct certain national and international events. The speakers in such events are usually respected and noted personalities, and the hosts do everything from their side to make the best possible arrangements for their visit. In such cases, they only turn to luxury hotels for all the benefits they provide. As we advance, this might well increase the luxury hotel market share.
Find your sweet spots for generating winning opportunities in this market.
How New Opportunities are Striving to Reduce Threats in the Luxury Hotel Market?
Threat
High Prices - High room charges at five-star hotels and the rise of affordable shared lodging platforms like Airbnb in low-income nations are expected to hinder market expansion. The growth of the luxury hotel business would also be impeded by the abundance of low- and middle-range lodging options worldwide.
Emerging Opportunity
Niche Market Advantage - The luxury hotels would want to stay in touch with their current clients to overcome this threat. It is a niche market. Thus the goal is to concentrate more on a small number of customers. For this reason, luxury hotels are creating programs, membership cards, and promotions to entice new customers and retain their existing clientele, ultimately growing their market share.
Threat
Lack of interest by the potential customer - A client who can afford the services of a luxury hotel may choose not to use them. Instead, they don't want to use such ostentatious services and seek a basic boarding facility.
Emerging Opportunity
Expanding to Meet the Increasing Demand for Comfort - To combat this threat, luxury hotels can offer excessive service. The shift in customer preference for pricey travel, experiences, and comfort is the main cause behind the development in demand for luxury hotels. The customer is prepared to shell out the necessary sum to experience what it's like to be served at such hotels.
Threat
Available only at select places - Only major cities have access to the finest hotels. The rationale is that these locations are the only ones where the goods and services needed to run these hotels are offered. This results in such luxurious hotels being absent throughout the country, creating a shortage.
Emerging Opportunity
iversifying Offerings and Franchise Locations in the Luxury Hotel Industry - Luxury hotel operators must research and invest heavily to diversify offerings and launch new franchise locations worldwide. The growth of luxury hotels has been significantly impacted by the tourism industry, which also creates new opportunities for the hospitality industry.
Country - Wise Insights
What is the North America Outlook for the Luxury Hotel Market?
Attributes
Details
North America Market Share - 2023
24%
United States Market Share - 2023
6%
Australia Market Share - 2023
5.2%
The luxury hotel market in North America now holds the significant share, and growth is predicted.
The market is anticipated to be driven by North America's burgeoning tourism industry and the significant presence of HNIs. The natural and technological beauty of the area captivates visitors. Some travelers enjoy staying in luxury hotels, which gives them a better experience. This is anticipated to substantially impact the market outlook for luxury hotel in the area.
How are Technological Advances Influencing the Luxury Hotel Market?
Attributes
Details
Japan Market Share - 2023
4%
China Market CAGR (From 2023 to 2033)
6.5%
India Market CAGR (From 2023 to 2033)
4.5%
Asia Pacific is the significantly-growing region.
Rapid urbanization, a sudden surge in infrastructure development, and swift technological advances are expected to spur the market. If we compare the historical data on disposable income with the current times, there has been an exponential increase in disposable income. This has ultimately led to people wanting to have new and luxurious experiences. All these factors are expected to affect the luxury hotel market outlook strongly.
How is Europe performing in the Luxury Hotel Industry?
Attributes
Details
Europe Market Share - 2023
20.1%
Germany Market Share - 2023
3.5%
United Kingdom Market CAGR (From 2023 to 2033)
6.6%
The luxury hotel market in Europe, which now holds a sizable share, is anticipated to rise steadily.
Europe is mostly known for its adventurous travel, and the area makes it easy to move freely from one nation to another. Millennials enjoy traveling to the site for its sports and cultural attractions. Many travelers would reserve rooms in upscale accommodations to make their trip memorable and all-encompassing.
Tourists have been much more meticulous about cleanliness since the outbreak. Future developments in the European luxury hotel business are anticipated to benefit from this.
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Category - Wise Insights
Which Room Type is Leading in the Luxury Hotel Market?
Category
Room Type
Leading Segment
Luxury
Market Share
31%
The luxury segment leads to 020203.room type share due to substantial offerings and affordable prices.
The Luxury room type is in the lead. Due to its emphasis on exclusivity, unmatched service, and abundant amenities, luxury takes the lead. Modern technology, individualized services, expansive rooms with high-end furniture, and expensive extras like private pools or stunning views are all aspects of luxury hotels. Luxury rooms stand out because they focus on delivering an outstanding and immersive experience, drawing discerning tourists looking for the height of luxury and indulgence.
Which Type of Hotel Has the Significant Share in the Luxury Hotel Business?
Category
Type
Leading Segment
Business Hotels
Market Share
28%
Business hotels have a significant market share based on the type.
According to type, the business hotels segment accounted for about one-third of the global luxury hotel market and is anticipated to hold the top spot throughout the forecast period. As numerous business meetings are hosted in such hotels, huge corporate organizations typically reserve tickets in quantity.
Which Category Type Holds the Considerable Share of the Luxury Hotel Market?
Due to affordable prices, the chain sector holds a considerable share of the category segment.
According to the category type, the chain segment has the leading market share for luxury hotels. The chain hotel segment dominates the market due to the widely dispersed presence of hotels in the chain category on a global scale. The chain hotels in this market are trying to broaden their horizons and fortify their positions in promising areas. This results from its huge market penetration, broad room inventory, and effective services at competitive rates.
How can Manufacturers Scale their Businesses in the Luxury Hotel Market?
To draw discerning luxury hotel guests, emphasize great craftsmanship and quality.
Build trusting relationships with owners of upscale hotels to clinch long-term collaborations.
To provide distinctive and unforgettable experiences, invest in innovation and cutting-edge technologies.
Make tailored and customized items to meet the specific requirements of upscale hotels.
Create eco-friendly and sustainable practices to meet the rising desire for luxury that is responsible.
Utilize social media and digital marketing to highlight the appeal and distinctiveness of the brand.
Work with renowned architects and designers to improve the brand's attractiveness and image.
Establish trust and loyalty with clients of luxury hotels by providing exemplary customer service and assistance.
How is the Start-up Ecosystem performing in the Luxury Hotel Market?
Currently, the key players in the market focus on their offerings, whereas the start-ups focus on managing the workforce. The idea is to update the hotel managers and connect them with their workforce without delay. Other notable start-ups escalating the market share of luxury hotels are Beekeeper, OYO Rooms, and Hosco.
Holidayme: Holidayme was founded in 2013. It started as a customized travel solution. Now, it is serving as a niche travel expert in the Middle East. The venture aims to use technology much more effectively to offer better customization to all its users.
AvantStay: Avantstay was founded in 2016. It is a technology-based rental platform. This start-up mainly serves group travelers to assist them while traveling.
Competitive Landscape
Luxury hotel chains are actively expanding their operations and presence across the nations. Several hotel chains are developing new deals and distinctive market niches and services to draw guests and solidify their positions. They are focusing on membership cards to ensure customers remain hooked to their services.
Marriott International Inc., ITC Hotels Ltd., and Hyatt Corporation are vying to be the best in the world with all guns blazing.
As a current trend in luxury hotels, Sustainability is again at the forefront of the hospitality industry. As a logical extension of avoiding disposable plastics, minimizing needless paper consumption through opt-in receipts, and reducing food waste, decisions taken at the hotel management level are influenced by more extensive ethical and environmental considerations.
For instance, Marriott International declared in August 2019 that all its properties worldwide would no longer have single-use bottles of bath gels, shampoos & conditioners. The hotel chain hopes to cut the amount of plastic used for amenities by around 30% by doing away with such tiny bottles.
Hyatt Corporation, a brand of upscale and executive hotels, makes every effort to give its clients first-rate service. To ensure that its customers are mesmerized by its omnipresence, Hyatt Corporation is on a mission to widen its reach.
Hyatt declared in April 2022 that they are concentrating more on emerging countries and have set a target of about 70% growth in India. A multi-brand presence throughout cities is the goal. This action is being taken when more individuals are willing to spend money on luxury vacations and when South West Asia is expanding rapidly.
Corporate executives frequently book luxurious airport hotels or luxurious city hotels conveniently placed, which is another reason business luxury hotels are growing.
For example, 2L De Blend in Utrecht, Netherlands, won the World Luxury Hotel Awards in the LUXURY BUSINESS HOTEL category twice in 2019 and 2020. The 2L De Blend apartment hotel, which opened in October 2018 and is roughly a kilometer from the Utrecht Zuilen train station, allows guests to stay anywhere between one night and six months.
The location factor has long been emphasized as a success factor in luxury hotels. Compared to a hotel in a less significant area, a hotel in an important location is anticipated to perform well, with the services and amenities being followed.
Even the ITC group is on a mission to expand its presence. In July 2022, ITC Hotels announced that it might come up with two new properties in Gujarat-one in Ahmedabad and the other on the outskirts of Gandhinagar.
Key Players
Four Seasons Holdings Inc.
The Luxe Life Hotel
Intercontinental Hotels Group
Marriott International Inc.
Hyatt Corporation
ITC Hotels Limited
Shangri-La International Hotel Management Ltd.
Jumeirah International LLC
The Indian Hotel Companies Limited
New Innovations and Advancements
Company
Marriott International
Strategy
Marriott International's Bold Move to Introduce New Properties
Details
In January 2021, Marriott International announced they would open 100 new properties in the Asia Pacific region that year. The goal is to introduce luxury brands and experiences to tourists and visitors in undiscovered locations in the area.
Company
The Luxe Life Hotel New York
Strategy
The First Jewel in the Luxe Collection
Details
In March 2020, The Luxe Life Hotel New York, the first branded property under the Luxe Collection umbrella, debuted in New York City. Zeavola Resort in Thailand, Il Tornabuoni in Florence, Eurostars Magnificent Mile in Chicago, CoolRoomsAtocha in Spain, and The Belmont are adding new 4- and 5-star hotels to this list (Dallas)
Key Segments
By Type:
Business Hotels
Airport Hotels
Suite Hotels
Resorts
Others
By Room Type:
Luxury
Upper-Upscale
Upscale
By Category Type:
Chain
Independent
By Region:
North America
Latin America
Asia Pacific
Middle East and Africa
Europe
Frequently Asked Questions
What is the market value in 2023?
The market in 2023 is valued at US$ 99.868 billion.
What is the growth rate until 2033?
By 2033, the market will expand at a 5.3% CAGR.
What is the market value for 2033?
By 2033, the market will reach US$ 117.169 billion.
What was the market’s historical performance?
From 2018 to 2022, the global market exhibited a 4.1% CAGR.
Who are the key Luxury Hotel market players?
Marriott International Inc., Hyatt Corporation, ITC Hotels Limited are key players.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Business Hotels
5.3.2. Airport Hotels
5.3.3. Suite Hotels
5.3.4. Resorts
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Room Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Room Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Room Type, 2023 to 2033
6.3.1. Luxury
6.3.2. Upper-Upscale
6.3.3. Upscale
6.4. Y-o-Y Growth Trend Analysis By Room Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Room Type, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Category Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Category Type, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Category Type, 2023 to 2033
7.3.1. Chain
7.3.2. Independent
7.4. Y-o-Y Growth Trend Analysis By Category Type, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Category Type, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Room Type
9.2.4. By Category Type
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Room Type
9.3.4. By Category Type
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Room Type
10.2.4. By Category Type
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Room Type
10.3.4. By Category Type
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Type
11.2.3. By Room Type
11.2.4. By Category Type
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Room Type
11.3.4. By Category Type
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Type
12.2.3. By Room Type
12.2.4. By Category Type
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Room Type
12.3.4. By Category Type
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Type
13.2.3. By Room Type
13.2.4. By Category Type
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Room Type
13.3.4. By Category Type
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Type
14.2.3. By Room Type
14.2.4. By Category Type
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Type
14.3.3. By Room Type
14.3.4. By Category Type
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Type
15.2.3. By Room Type
15.2.4. By Category Type
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Type
15.3.3. By Room Type
15.3.4. By Category Type
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Type
16.1.2.2. By Room Type
16.1.2.3. By Category Type
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Type
16.2.2.2. By Room Type
16.2.2.3. By Category Type
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Type
16.3.2.2. By Room Type
16.3.2.3. By Category Type
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Type
16.4.2.2. By Room Type
16.4.2.3. By Category Type
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Type
16.5.2.2. By Room Type
16.5.2.3. By Category Type
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Type
16.6.2.2. By Room Type
16.6.2.3. By Category Type
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Type
16.7.2.2. By Room Type
16.7.2.3. By Category Type
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Type
16.8.2.2. By Room Type
16.8.2.3. By Category Type
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Type
16.9.2.2. By Room Type
16.9.2.3. By Category Type
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Type
16.10.2.2. By Room Type
16.10.2.3. By Category Type
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Type
16.11.2.2. By Room Type
16.11.2.3. By Category Type
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Type
16.12.2.2. By Room Type
16.12.2.3. By Category Type
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Type
16.13.2.2. By Room Type
16.13.2.3. By Category Type
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Type
16.14.2.2. By Room Type
16.14.2.3. By Category Type
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Type
16.15.2.2. By Room Type
16.15.2.3. By Category Type
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Type
16.16.2.2. By Room Type
16.16.2.3. By Category Type
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Type
16.17.2.2. By Room Type
16.17.2.3. By Category Type
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Type
16.18.2.2. By Room Type
16.18.2.3. By Category Type
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Type
16.19.2.2. By Room Type
16.19.2.3. By Category Type
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Type
16.20.2.2. By Room Type
16.20.2.3. By Category Type
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Type
16.21.2.2. By Room Type
16.21.2.3. By Category Type
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Type
16.22.2.2. By Room Type
16.22.2.3. By Category Type
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Type
16.23.2.2. By Room Type
16.23.2.3. By Category Type
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Type
17.3.3. By Room Type
17.3.4. By Category Type
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Four Seasons Holdings Inc.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. The Luxe Life Hotel
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Intercontinental Hotels Group
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. Marriott International Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Hyatt Corporation
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. ITC Hotels Limited
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Shangri-La International Hotel Management Ltd.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Jumeirah International LLC
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. The Indian Hotel Companies Limited
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Hilton Hotels And Resorts
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used20. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 4: Global Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 8: North America Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 15: Western Europe Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 16: Western Europe Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Room Type, 2018 to 2033
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Category Type, 2018 to 2033
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List of Charts
Figure 1: Global Market Value (US$ Million) by Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 9: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 17: Global Market Attractiveness by Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Room Type, 2023 to 2033
Figure 19: Global Market Attractiveness by Category Type, 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Type, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 37: North America Market Attractiveness by Type, 2023 to 2033
Figure 38: North America Market Attractiveness by Room Type, 2023 to 2033
Figure 39: North America Market Attractiveness by Category Type, 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Type, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 57: Latin America Market Attractiveness by Type, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Room Type, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Category Type, 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 63: Western Europe Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Western Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 71: Western Europe Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 77: Western Europe Market Attractiveness by Type, 2023 to 2033
Figure 78: Western Europe Market Attractiveness by Room Type, 2023 to 2033
Figure 79: Western Europe Market Attractiveness by Category Type, 2023 to 2033
Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Eastern Europe Market Value (US$ Million) by Type, 2023 to 2033
Figure 82: Eastern Europe Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 83: Eastern Europe Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 97: Eastern Europe Market Attractiveness by Type, 2023 to 2033
Figure 98: Eastern Europe Market Attractiveness by Room Type, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness by Category Type, 2023 to 2033
Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia and Pacific Market Value (US$ Million) by Type, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 103: South Asia and Pacific Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 117: South Asia and Pacific Market Attractiveness by Type, 2023 to 2033
Figure 118: South Asia and Pacific Market Attractiveness by Room Type, 2023 to 2033
Figure 119: South Asia and Pacific Market Attractiveness by Category Type, 2023 to 2033
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Market Value (US$ Million) by Type, 2023 to 2033
Figure 122: East Asia Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 123: East Asia Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 137: East Asia Market Attractiveness by Type, 2023 to 2033
Figure 138: East Asia Market Attractiveness by Room Type, 2023 to 2033
Figure 139: East Asia Market Attractiveness by Category Type, 2023 to 2033
Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 141: Middle East and Africa Market Value (US$ Million) by Type, 2023 to 2033
Figure 142: Middle East and Africa Market Value (US$ Million) by Room Type, 2023 to 2033
Figure 143: Middle East and Africa Market Value (US$ Million) by Category Type, 2023 to 2033
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2018 to 2033
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2023 to 2033
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Room Type, 2018 to 2033
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Room Type, 2023 to 2033
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Room Type, 2023 to 2033
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Category Type, 2018 to 2033
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Category Type, 2023 to 2033
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Category Type, 2023 to 2033
Figure 157: Middle East and Africa Market Attractiveness by Type, 2023 to 2033
Figure 158: Middle East and Africa Market Attractiveness by Room Type, 2023 to 2033
Figure 159: Middle East and Africa Market Attractiveness by Category Type, 2023 to 2033
Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
