Luxury Hospitality Market (2021-2026): Global Size, Share, Trends, Analysis and Research Report – IMARC Group
SHERIDAN, WYOMING, USA, Aug 24, 2021 /EINPresswire.com/ – According to IMARC Group’s latest report titled “Luxury Hospitality Market: Global Industry Trends, Share, Size, Growth, Opportunities and forecast 2021-2026 ”, the market exhibited moderate growth over the period 2015-2020. The global luxury hospitality market report is expected to grow at a CAGR of approximately 6% during the period 2021-2026. Luxury hotels refer to commercial establishments providing luxurious and upscale accommodation facilities for travelers, tourists and guests. They usually include business hotels, airports, suites and resorts, etc. Luxury hotels offer various lavish services including spas, swimming pools, restaurants, lounges, private beaches, fitness centers, and more. They also offer practical and discreet services. check-in and check-out, laundry, concierge services, smart planning and booking, babysitting, etc. Luxury hotels have exclusive designer interiors made using cutting edge technology, flat screen televisions (televisions), handcrafted toiletries, and more to enhance the guest experience.
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As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in the markets, as well as consumer buying behaviors around the world and our estimates on the latest market trends and forecasts are carried out after examining the impact of this pandemic.
The expanding tourism and hospitality sectors are primarily the driving force behind the luxury hospitality market across the world. In addition, the growing preferences of the workforce for weekend getaways and their changing lifestyles are also driving the market growth. In addition, the growing demand for stays and weekends in luxury hotels for remote working is further increasing the global market. In addition to this, the growing penetration of social media and the growing collaborations between hotels and influencers are also catalyzing the demand for products. Several other factors such as increasing spending capabilities of consumers and growing development of eco-friendly luxury hotels are expected to further propel the luxury hotel market during the forecast period.
Discover the full report with table of contents: https://www.imarcgroup.com/luxury-hotel-market
Competitive landscape with key players:
The report also analyzed the competitive landscape of the market with some of the major players being.
Four Seasons Hotels Limited
Hyatt Hotels Corporation
InterContinental Hotels Group plc
Jumeirah International LLC
Mandarin Oriental Hotel Group Limited
Marriott International Inc
Rosewood Hotels and Resorts LLC
Shangri-La International Hotel Management Ltd.
The Indian Hotels Company Limited
Segmentation of the luxury hotel market:
Our report categorized the market based on region, type, room type, and category.
Breakdown by type:
Breakdown by room type:
Top of the line
Top of the line
Breakdown by category:
Breakdown by region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
Latin America (Brazil, Mexico, others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
Complete mapping of the competitive landscape
We update our reports. If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, competitive landscape etc. Click request free sample report, the report will be emailed to you in PDF format within 24-48 hours after payment confirmation.
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