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.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Country Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Market Segmentation by Ownership
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Regional - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Regional - Market size and forecast 2023-2028 ($ million)
  • Historic Market Size
    • luxury hotel market in APAC 2018 - 2022
      • Table Historic Market Size – Data Table on luxury hotel market in APAC 2018 - 2022 ($ million)
    • Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • Ownership Segment Analysis 2018 - 2022
      • Table Historic Market Size – Ownership Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2023-2028 (%)
      • Table Data Table on Type - Market share 2023-2028 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Upscale - Market size and forecast 2023-2028
      • Table Chart on Upscale - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Upscale - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Upscale - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Upscale - Year-over-year growth 2023-2028 (%)
    • Upper-upscale - Market size and forecast 2023-2028
      • Table Chart on Upper-upscale - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Upper-upscale - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Upper-upscale - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Upper-upscale - Year-over-year growth 2023-2028 (%)
    • Luxury - Market size and forecast 2023-2028
      • Table Chart on Luxury - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Luxury - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Luxury - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Luxury - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Market Segmentation by Ownership
    • Market segments
      • Table Chart on Ownership - Market share 2023-2028 (%)
      • Table Data Table on Ownership - Market share 2023-2028 (%)
    • Comparison by Ownership
      • Table Chart on Comparison by Ownership
      • Table Data Table on Comparison by Ownership
    • Chain - Market size and forecast 2023-2028
      • Table Chart on Chain - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Chain - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Chain - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Chain - Year-over-year growth 2023-2028 (%)
    • Independent - Market size and forecast 2023-2028
      • Table Chart on Independent - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Independent - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Independent - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Independent - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Ownership
      • Table Market opportunity by Ownership ($ million)
      • Table Data Table on Market opportunity by Ownership ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography - 2023-2028 (%)
      • Table Data Table on Market share by geography - 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • India - Market size and forecast 2023-2028
      • Table Chart on India - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Table Chart on India - Year-over-year growth 2023-2028 (%)
      • Table Data Table on India - Year-over-year growth 2023-2028 (%)
    • Indonesia - Market size and forecast 2023-2028
      • Table Chart on Indonesia - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Indonesia - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Indonesia - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Indonesia - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Rest of APAC - Market size and forecast 2023-2028
      • Table Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Table on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing number of luxury hotels in APAC
      • Expanding middle-class population with increased disposable income
    • Market challenges
      • Need to maintain high standards of service and guest satisfaction
      • High costs associated with constructing luxury hotels
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Higher acceptance of online booking platforms
      • Growing tourism industry in APAC
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Accor SA
      • Table Accor SA - Overview
      • Table Accor SA - Business segments
      • Table Accor SA - Key news
      • Table Accor SA - Key offerings
      • Table Accor SA - Segment focus
    • Four Seasons Hotels Ltd.
      • Table Four Seasons Hotels Ltd. - Overview
      • Table Four Seasons Hotels Ltd. - Product / Service
      • Table Four Seasons Hotels Ltd. - Key offerings
    • Hilton Worldwide Holdings Inc.
      • Table Hilton Worldwide Holdings Inc. - Overview
      • Table Hilton Worldwide Holdings Inc. - Business segments
      • Table Hilton Worldwide Holdings Inc. - Key offerings
      • Table Hilton Worldwide Holdings Inc. - Segment focus
    • Hotel Okura Co. Ltd.
      • Table Hotel Okura Co. Ltd. - Overview
      • Table Hotel Okura Co. Ltd. - Product / Service
      • Table Hotel Okura Co. Ltd. - Key offerings
    • Hyatt Hotels Corp.
      • Table Hyatt Hotels Corp. - Overview
      • Table Hyatt Hotels Corp. - Business segments
      • Table Hyatt Hotels Corp. - Key offerings
      • Table Hyatt Hotels Corp. - Segment focus
    • InterContinental Hotels Group PLC
      • Table InterContinental Hotels Group PLC - Overview
      • Table InterContinental Hotels Group PLC - Product / Service
      • Table InterContinental Hotels Group PLC - Key offerings
    • ITC Ltd.
      • Table ITC Ltd. - Overview
      • Table ITC Ltd. - Business segments
      • Table ITC Ltd. - Key news
      • Table ITC Ltd. - Key offerings
      • Table ITC Ltd. - Segment focus
    • Mandarin Oriental International Ltd
      • Table Mandarin Oriental International Ltd - Overview
      • Table Mandarin Oriental International Ltd - Business segments
      • Table Mandarin Oriental International Ltd - Key offerings
      • Table Mandarin Oriental International Ltd - Segment focus
    • Marriott International Inc.
      • Table Marriott International Inc. - Overview
      • Table Marriott International Inc. - Business segments
      • Table Marriott International Inc. - Key news
      • Table Marriott International Inc. - Key offerings
      • Table Marriott International Inc. - Segment focus
    • Rosewood Hotel Group
      • Table Rosewood Hotel Group - Overview
      • Table Rosewood Hotel Group - Product / Service
      • Table Rosewood Hotel Group - Key offerings
    • Saffire Freycinet
      • Table Saffire Freycinet - Overview
      • Table Saffire Freycinet - Product / Service
      • Table Saffire Freycinet - Key offerings
    • Shangri La Asia Ltd.
      • Table Shangri La Asia Ltd. - Overview
      • Table Shangri La Asia Ltd. - Business segments
      • Table Shangri La Asia Ltd. - Key offerings
      • Table Shangri La Asia Ltd. - Segment focus
    • The Hongkong and Shanghai Hotels Ltd.
      • Table The Hongkong and Shanghai Hotels Ltd. - Overview
      • Table The Hongkong and Shanghai Hotels Ltd. - Business segments
      • Table The Hongkong and Shanghai Hotels Ltd. - Key offerings
      • Table The Hongkong and Shanghai Hotels Ltd. - Segment focus
    • The Indian Hotel Co. Ltd.
      • Table The Indian Hotel Co. Ltd. - Overview
      • Table The Indian Hotel Co. Ltd. - Product / Service
      • Table The Indian Hotel Co. Ltd. - Key news
      • Table The Indian Hotel Co. Ltd. - Key offerings
    • THE REVERIE SAIGON
      • Table THE REVERIE SAIGON - Overview
      • Table THE REVERIE SAIGON - Product / Service
      • Table THE REVERIE SAIGON - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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