The luxury hotel market is booming around the world: Radisson Hotel Group, Wyndham Destinations, Accor Hotel


This press release was originally distributed by SBWire

New Jersey, USA – (SBWIRE) – 07/30/2022 – The latest published study of the global luxury hotel market by AMA Research assesses the market size, trend and forecast to 2027. Luxury Hotel Market study covers important research data and evidence to be a handy reference document for managers, analysts, industry experts and other key people to have a study ready to access and self-analyzed to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
Marriott International Inc. (USA), Wyndham Destinations (USA), Hilton Hotels & Resorts (USA), Hyatt Corporation (USA), Kerzner International Resort Inc. (USA), Radisson Hotel Group (United States), Accor Hotel (France), Four Seasons Holdings Inc. (Canada), Intercontinental Hotels Group (United Kingdom), Taj Hotels (India), ITC Hotels Limited (India), The Indian Hotel Companies Limited (India) ), ,

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Luxury hotels refer to hotels that provide guests with a luxurious accommodation experience. It offers better hospitality with a consistently high quality of uniqueness and exclusivity. The market is expected to grow significantly over the forecast period owing to increasing consumer spending power and growing number of international and domestic tourists traveling for business or leisure.

Market opportunities:
– New innovations and technological advances in the infrastructure and facilities provided
– The emerging market has great potential for new types of luxury hotels
– Growing demand for budget accommodation

Market trend:
– Inclination for luxury hotels among consumers in developing countries
– Rise in preference for leisure travel
– Improved lifestyle due to standard of living

Market factors:
– Growth of tourism and travel industries and businesses in various regions
– Growing demand for luxury hotels for corporate events and corporate stays
– Advent to a new location

The global luxury hotel market segments and market data breakdown are illustrated below:
by type (business hotels, airport hotels, vacation hotels, resorts and spas, others (suite hotels, serviced apartments, casino hotels, conference and convention centers)), application (room, catering , Spas, Other (Amenities, Pool Facilities, Welcome and Leaving Gifts, Fancy Transfer Services)

The Global Luxury Hotel Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– – Carefully analyze and forecast the size of the luxury hotel market by value and volume.
– -Estimating the market shares of the major segments of Luxury Hospitality
– -Showcasing the development of the luxury hotel market in different parts of the world.
– -Analyze and study the micro markets in terms of their contributions to the luxury hotel market, their prospects and individual growth trends.
– -Offer accurate and useful details on the factors affecting the growth of the Luxury Hotel
– -Provide a meticulous assessment of crucial business strategies employed by leading companies operating in the luxury hospitality market, including research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

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Main highlights of the table of contents:
Luxury Hospitality Market Study Coverage:
– It includes major manufacturers, emerging players growth story and major business segments of Luxury Hotel market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Luxury Hospitality Market: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, along with macro indicators.
– Luxury Hospitality Market Production by Region Luxury Hospitality Market profile of manufacturers-players is studied on the basis of SWOT, their products, production, value, financials and other vital factors.
– Key points covered in the Luxury Hotel Market report:
– Overview, Definition and Classification of Luxury Hotels Market Drivers and Barriers
– Competition in the luxury hotel market by manufacturers
– Impact analysis of COVID-19 on the luxury hotel market
– Luxury Hotel Capacity, Production, Revenue (Value) by Region (2021-2027)
– Luxury Hotel Supply (Production), Consumption, Export, Import by Region (2021-2027)
– Luxury hotel production, revenue (value), price trend by type {payment gateway, merchant account, subscription management,}
– Luxury Hotel Manufacturers Profiles/Analysis Luxury Hotel Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

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Answers to key questions
– How feasible is the luxury hotel market for long-term investment?
– What are the factors influencing the demand for luxury hotels in the near future?
– What is the impact analysis of various factors on the growth of the global luxury hotel market?
– What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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