Increasing consumer awareness and changing lifestyle are the major factors contributing to the growing popularity of luxury hotels globally. With the increasing standard of living, consumers are opting for luxury hotels for better services. Furthermore, the booming travel and tourism industry is one of the key factors fueling the demand for luxury hotels globally.
Albany, NY -- (SBWIRE) -- 09/08/2015 -- Market Research Reports Search Engine (MRRSE) has added a new report titled, " Luxury Hotels Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021" to its repository. With the help of various tables and figures, this research report is the ideal tool for gaining the latest insight into the global luxury hotels market.
The research report identifies and analyzes the key forces that are responsible for the growth and downfall of the luxury hotels market. In addition, forces that are likely to aid the development of the market over the forecast period are also highlighted. The report indicates that the global market for luxury hotels is primarily driven by changing lifestyle and rising consumer awareness. The rise in disposable income and standard of living has resulted in consumers demanding and opting for luxury hotels with superior services and amenities. The growth of the travel and tourism industry across the globe is also a leading factor responsible for the development of the luxury hotels market. Branding and promotional activities play a major role in boosting the popularity of hotels and this factor, in addition to flourishing e-commerce, is likely to fuel the growth of the luxury hotels market in the near future.
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Geographically, the luxury hotels market study covers four key regions: North America, Europe, Asia Pacific, and Rest of the World. The performance, growth trajectory, profitable segments, bottlenecks, and potential markets in each of these segments are reviewed in detail to provide a 360-degree outlook of the global luxury hotels market. The market share, size, and value of each regional segment is also provided and analyzed in the study. While the U.S., Germany, and the U.K. are leading regional markets in the luxury hotels industry, Asia Pacific countries such as China, India, and Singapore are expected to emerge as strong contenders for the leading position over the next six years, thanks to recovering economies and development of the hospitality sector.
A detailed discussion of the competitive landscape reveals invaluable insight into the prominent participants of the luxury hotels market, impact of competition, various business strategies adopted to further growth, new entrants, recent developments pertaining to individual hotels, and a SWOT analysis to identify the important strengths and weaknesses of the participants.
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The leading players profiled in the research report include Shangri-La International Hotel Management Ltd., Starwood Hotels & Resorts, Marriott International, Inc., Jumeirah International LLC, ITC Hotels Limited, InterContinental Hotels Group PLC, Four Seasons Holdings Inc., The Indian Hotels Company Limited, Mandarin Oriental International Limited, and Kerzner International Resorts, Inc.
The 88-page research publication is an all-encompassing guidebook for all parties interested in investing in the global luxury hotels market. Recommendations made by industry leaders will help investors formulate strategic and fruitful decisions to further their businesses in due course.
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