Luxury hotels have become an important revenue contributor in the overall hospitality industry. The luxury hotel market is expected to grow at a CAGR of 4.1% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 07/24/2017 -- Luxury hotels offer the best and high end comfort and entertainment services to customers. These services and features include furnished bathrooms with swimming pool, personalized services, spa, and chauffer. Luxury hotels have become an important revenue contributor in the overall hospitality industry. The luxury hotel market is expected to grow at a CAGR of 4.1% from 2017 to 2025.
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Based on hotel types, the global luxury hotel market is segmented into suite hotels, resorts, business hotels, and airport hotels. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
Rising disposable income and improving lifestyle drives the market growth.
Rise in India as one of the growth potential market.
Rise in travel and tourism industry
Emergence of New Luxury Hotels
High competition and high cost of investment
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By Hotels Type
Rest of Europe
Table Of Contents:
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter's Analysis
4. Global luxury Hotels Market by Hotels Type
4.1.1. Historical Market Size by Region, 2014-2016
4.1.2. Market Forecast by Region, 2017-2025