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The global Luxury Hotels market size is projected to reach US$ 259510 million by 2027, from US$ 197680 million in 2020, at a CAGR of 4.0% during 2021-2027.
The global “Luxury Hotels Market” report covers the current state of the market, including market size, growth rate, known participants, and current competitive landscape. It also analyzes future opportunities and market forecasts and evaluates the strategies of key players from a merger perspective and acquisitions, R&D investment, technological advancement. The report also introduces recent major events, profiles of major players, and market dynamics. The report includes an analysis of Porter's five forces, SWOT analysis, and PESTLE, and sequential analysis of each part.
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About Luxury Hotels Market:
The luxury hotel industry is one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences.
Global Luxury Hotels key players include Marriott International, Inc, Hilton, Hyatt Hotels, Four Seasons Holdings Inc., etc. Global top four manufacturers hold a share about 25%.
United States is the largest market, with a share of about 30%, followed by China, and Europe, both have a share over 35 percent.
In terms of product, Suite Hotels is the largest segment, with a share of nearly 40%. And in terms of application, the largest application is F&B, followed by Room, SPA, etc.
The Major Players in the Luxury Hotels Market include:
- Marriott International, Inc
- Hilton
- Starwood Hotels & Resorts
- Hyatt Hotels
- Four Seasons Holdings Inc.
- Shangri-La International
- InterContinental Hotels Group
- Mandarin Oriental International
- The Indian Hotels Company
- Jumeirah International LLC
- Kerzner International Resorts
- ITC Hotels Limited
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The report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Luxury Hotels market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Luxury Hotels market.
Based on product type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:
- Business Hotel
- Suite Hotel
- Airport Hotel
- Resorts Hotel
Based on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:
- Room
- F&B
- SPA
- Other
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With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Luxury Hotels market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Luxury Hotels market in terms of revenue.
Key Reasons to Purchase Luxury Hotels Market Report:
- The report analysis by geography highlights the consumption of the product/service within the region also indicating the factors that are affecting the market within each region.
- The report provides opportunities and threats faced by the vendors in the global Luxury Hotels Industry.
- The report indicates the region and segment that's expected to witness the fastest growth.
- The competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
- The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players.
- The report gives the present and future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging and developed regions.
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Years considered for this report:
- Historical Years:2016-2020
- Base Year:2020
- Estimated Year:2021
- Luxury Hotels Market Forecast Period:2021-2027
With tables and figures helping analyze worldwide Global Luxury Hotels market trends, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Key Points from TOC:
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Luxury Hotels Breakdown Data by Type
5 Luxury Hotels Breakdown Data by Application
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
Detailed TOC of Global Luxury Hotels Market @ https://www.industryresearch.biz/TOC/18672912
Part II: Global Luxury Travel Market Size, Status and Forecast 2021-2027:
Luxury travel today is defined less by thread count and Michelin stars and more by access to the people, places and experiences that represent all that is authentic about a destination. There’s no denying that comfort factors still apply and high standards of accommodation and dining will always feature on the luxury traveller’s wish list. However, today’s luxury traveller seeks more depth of understanding and immersion into local culture than ever before. People don’t just want to see – they want to participate. The sales process is also critical and whilst the online proposition can be an asset in terms of booking more simple arrangements, clients looking for luxury experiential travel require a deep level of sophisticated knowledge and confidence during the sales process.
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Asia-Pacific is the largest Luxury Travel market with about 33% market share. Europe is follower, accounting for about 30% market share.The key manufacturers are TUI Group, Thomas Cook Group, Jet2 Holidays, Cox & Kings Ltd, Lindblad Expeditions, Travcoa, Scott Dunn, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, Butterfield & Robinson etc. Top 5 companies occupied about 14% market share.
Market Analysis and Insights: Global Luxury Travel Market
The global Luxury Travel market size is projected to reach US$ 36010 million by 2027, from US$ 20820 million in 2020, at a CAGR of 8.4% during 2021-2027.
The Major Players in the Luxury Travel Market include:
- TUI Group
- Thomas Cook Group
- Jet2 Holidays
- Cox & Kings Ltd
- Lindblad Expeditions
- Travcoa
- Scott Dunn
- Abercrombie & Kent Ltd
- Micato Safaris
- Tauck
- Al Tayyar
- Backroads
- Zicasso
- Exodus Travels
- Butterfield & Robinson
TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT
Based on product type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into: Customized and Private Vacation, Adventure and Safari, Cruise/Ship Expedition, Small Group Journey, Celebration and Special Event, Others
Based on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including: Millennial, Generation X, Baby Boomers
Key Reasons to Purchase Luxury Travel Market Report:
- The report analysis by geography highlights the consumption of the product/service within the region also indicating the factors that are affecting the market within each region.
- The report provides opportunities and threats faced by the vendors in the global Luxury Travel Industry.
- The report indicates the region and segment that's expected to witness the fastest growth.
- The competitive landscape includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
- The report provides extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the main market players.
- The report gives the present and future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges, and restraints of both emerging and developed regions.
For More Information or Query or Customization before buying, Visit at https://www.industryresearch.biz/enquiry/pre-order-enquiry/18683367
Some of the key questions answered in this report:
- What will the market growth rate, growth momentum, or acceleration market carry during the forecast period?
- Which are the key factors driving the Luxury Travel market?
- What was the size of the emerging Luxury Travel market by value?
- What will be the size of the emerging Luxury Travel market in 2027?
- Which region is expected to hold the highest market share in the Luxury Travel market?
- What trends, challenges, and barriers will impact the development and sizing of the Global Luxury Travel market?
- What are the sales volume, revenue, and price analysis of top manufacturers of the Luxury Travel market?
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Some Points from TOC:
1 Report Overview
2 Global Growth Trends
3 Competition Landscape by Key Players
4 Luxury Travel Breakdown Data by Type
5 Luxury Travel Breakdown Data by Application
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East & Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix
Detailed TOC of Global Luxury Travel Market @ https://www.industryresearch.biz/TOC/18683367
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