Luxury Hotel Market in APAC 2024-2028

Luxury Hotel Market In APAC 2024-2028

The luxury hotel market in APAC is forecasted to grow by USD 29.59 bn during 2023-2028, accelerating at a CAGR of 8.15% during the forecast period. The report on the luxury hotel market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of luxury hotels in APAC, expanding middle-class population with increased disposable income, and increased preference for luxury hotels.

Technavio's luxury hotel market in APAC is segmented as below:

By Type

• Upscale
• Upper-upscale
• Luxury

By Ownership

• Chain
• Independent

This study identifies the higher acceptance of online booking platforms as one of the prime reasons driving the luxury hotel market in APAC growth during the next few years. Also, growing tourism industry in APAC and increasing number of sports and entertainment events organized in APAC will lead to sizable demand in the market.

The report on the luxury hotel market in APAC covers the following areas:

• Luxury hotel market in APAC sizing
• Luxury hotel market in APAC forecast
• Luxury hotel market in APAC industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury hotel market in APAC vendors that include Accor SA, Aman Group S.a.r.l., Choice Hotels International Inc., COMO Hotels and Resorts Asia Pte. Ltd., Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hotel Okura Co. Ltd., Hyatt Hotels Corp., InterContinental Hotels Group PLC, ITC Ltd., Mandarin Oriental International Ltd, Marriott International Inc., Minor International PCL, Rosewood Hotel Group, Saffire Freycinet, Shangri La Asia Ltd., The Hongkong and Shanghai Hotels Ltd., The Indian Hotel Co. Ltd., THE REVERIE SAIGON, and Wyndham Hotels and Resorts Inc.. Also, the luxury hotel market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.