Luxury Hotel Market Analysis & Forecast For Next 5 Years
Edison, NJ -- (SBWIRE) -- 02/21/2019 -- A new business intelligence report released by HTF MI with title "Global Luxury Hotel Market 2019 by Company, Regions, Type and Application, Forecast to 2024" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Luxury Hotel Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels, Four Seasons Holdings, Shangri-La International Hotel Management Ltd., InterContinental Hotels Group PLC, Mandarin Oriental International Limited, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, ITC Hotels Limited
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Nowadays, the top five companies make up more than 26.37% market share of the luxury hotels market, and the world's large enterprises are mainly concentrated in North America. The top five vendors are Marriott International, Hilton, Hyatt Hotels, Four Seasons Holdings Inc. and Shangri-La International Hotel Management Ltd. They respectively took a global market share as 13.59%, 6.59%, 2.53%, 2.41%, and 1.24% in 2017.
United States was the largest consumer market with a market share of 35.71% in 2013 and 32.05% in 2017 with a decrease of 3.66%. China and EU ranked the second and third markets with the market share of 18.58% and 17.28% in 2017.
The global Luxury Hotel market is valued at 171100 million USD in 2018 and is expected to reach 222900 million USD by the end of 2024, growing at a CAGR of 4.5% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
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Market Overview of Global Luxury Hotel
If you are involved in the Global Luxury Hotel industry or aim to be, then this study will provide you inclusive point of view. It's vital you keep your market knowledge up to date segmented by Applications [Room, F&B, SPA & Others], Product Types [, Business Hotel, Suite Hotel, Airport Hotel & Resorts Hotel] and major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2018 to 2023 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Luxury Hotel Market: , Business Hotel, Suite Hotel, Airport Hotel & Resorts Hotel
Key Applications/end-users of Global Luxury HotelMarket: Room, F&B, SPA & Others
Top Players in the Market are: Marriott International, Hilton, Starwood Hotels & Resorts (Marriott), Hyatt Hotels, Four Seasons Holdings, Shangri-La International Hotel Management Ltd., InterContinental Hotels Group PLC, Mandarin Oriental International Limited, The Indian Hotels Company Limited, Jumeirah International LLC, Kerzner International Resorts, ITC Hotels Limited
Region Included are: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia) & Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Important Features that are under offering & key highlights of the report:
– Detailed overview of Luxury Hotel market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Luxury Hotel market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Luxury Hotel market performance
– Must-have information for market players to sustain and enhance their market footprint
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Major Highlights of TOC:
Chapter One: Global Luxury Hotel Market Industry Overview
1.1 Luxury Hotel Industry
1.1.2 Products of Major Companies
1.2 Luxury Hotel Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Luxury Hotel Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.2 Global Luxury Hotel Market Size by Demand
2.3 Global Luxury Hotel Market Forecast by Demand
Chapter Three: Global Luxury Hotel Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Luxury Hotel Market Size by Type
3.3 Luxury Hotel Market Forecast by Type
Chapter Four: Major Region of Luxury Hotel Market
4.1 Global Luxury Hotel Sales
4.2 Global Luxury Hotel Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Luxury Hotel market?
- What are the key concerns of the five forces analysis of the Global Luxury Hotel market?
- What are different prospects and threats faced by the dealers in the Global Luxury Hotel market?
- What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.