Luxury Hotels Market
                     Luxury Hotels Market  Size Outlook Growths, Top Companies, Global Development Factors
Market Overview
Luxury hotels are the hotels that offers luxurious accommodations to their guests. The luxury hotels
offers room with high quality furnishing, exclusive design interiors, and are equipped with flat-
screen TV, coffee maker, and effective AC system. These luxury hotels also offer quality food 
services. Various types of luxury hotels include business hotels, airport hotels, suite hotels, resort & 
spa, and golf & ski hotels. Rising growth of the travel and tourism industry across the globe is 
expected to drive growth of the luxury hotels market over the forecast period (2019-2027).
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Market Dynamics
Luxury hotels market is expected to be driven by the rising growth of the travel & tourism sector, 
rising disposable income, increasing standards of living, and increasing government investments in 
tourism & hospitality industry. For instance, according to the India Brand Equity Foundation 
(IBEF), India was ranked third amongst 184 countries in 2016, in terms of travel and tourism’s total
contribution to GDP and is expected to grow by 7.9% annually during 2016 to 2026.
Based on hotel type, business hotels segment accounted for the largest share in global luxury hotels 
market, in terms of revenue in 2018. The segment is expected to witness significant growth over the
forecast period, owing to rising number of business travelers and surging business travel spending 
globally.
Market Taxonomy
On the basis of hotel type, the global luxury hotels market is segmented into:
•Business Hotels
•Airport Hotels
•Suite Hotels
•Resorts & Spa
•Others
On the basis of operating channel, the global luxury hotels market is segmented into:
•Online
•Offline
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Major companies operating in the global luxury hotels market include The Indian Hotels Company 
Limited, InterContinental Hotels Group plc, Rosewood Hotels & Resorts, Oberoi Hotels & Resorts, 
Naman Retreat, Jumeirah International LLC, Shangri-La International Hotel Management Ltd., 
Hyatt Hotels Corporation, Accor S.A, Hilton Hotels & Resorts, and Marriott International, Inc.
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