How big is the Global Luxury Hotel Market?

The Global Luxury Hotel Market size is expected to reach USD 127.40 billion in 2024 and grow at a CAGR of 9.43% to reach USD 198.80 billion by 2029. Read More

What is the current Global Luxury Hotel Market size?

In 2024, the Global Luxury Hotel Market size is expected to reach USD 127.40 billion. Read More

Who are the key players in Global Luxury Hotel Market?

ITC HOTELS, Marriott International Inc, Accor S.A., Belmond Ltd. and Hyatt Corporation are the major companies operating in the Global Luxury Hotel Market. Read More

Which is the fastest growing region in Global Luxury Hotel Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Global Luxury Hotel Market?

In 2024, the North America accounts for the largest market share in Global Luxury Hotel Market. Read More

What years does this Global Luxury Hotel Market cover, and what was the market size in 2023?

In 2023, the Global Luxury Hotel Market size was estimated at USD 115.39 billion. The report covers the Global Luxury Hotel Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Luxury Hotel Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the opportunities for the Luxury Hotel Market?

The opportunities for the Luxury Hotel Market are a) Advent of contactless technology and the adoption of online bookings b) The emergence of green hotels Read More

Global Luxury Hotel Market Share

Statistics for the 2023 & 2024 Global Luxury Hotel market share, created by Mordor Intelligence™ Industry Reports. Global Luxury Hotel share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Global Luxury Hotel Industry

The report covers major international players operating in the luxury hotel market. In terms of market share, few of the major players currently dominate the market. However, with factors such as technological advancements and service innovations, infrastructure development by local government and other facilities are attracting businesses and tourists.