Luxury Hotel Market Size - By Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts), By Category (Chain, Independent), By Booking Channel (Direct Booking, Online Travel Agencies (OTAs)), Forecast 2023 - 2032

Luxury Hotel Market Size - By Type (Business Hotels, Airport Hotels, Suite Hotels, Resorts), By Category (Chain, Independent), By Booking Channel (Direct Booking, Online Travel Agencies (OTAs)), Forecast 2023 - 2032


Luxury Hotel Market size is poised to record over 7% CAGR from 2023-2032, driven by the emerging remote working trend and the surging consumer preference for extended stays, work-friendly spaces, and amenities conducive to productivity.

Of late, luxury hotels are increasingly investing in renovations and redesigns for offering updated and modern accommodations, including refreshing interior designs, upgraded amenities, and enhanced guest comfort. To cite an instance, in May 2021, Adelaide’s iconic luxury hotel, InterContinental Adelaide disclosed a $32 million refurbishment plan. The growing emphasis on regular renovations for maintaining the property's value whilst upgrading the facilities and aesthetics will influence the market growth.

The luxury hotel industry is segmented into type, category, and region.

In terms of type, the industry share from the resorts segment may record robust CAGR from 2023 to 2032. The growth is led by the strong presence of diverse activities and amenities suitable for different age groups for catering to families and multigenerational travelers. Luxury resorts offer premium services and amenities, including personalized concierge services, such as world-class spas, fine dining, and private beaches and pools. The growing consumer preference for destinations providing relaxation, rejuvenation, and indulgence will also define the segment growth.

Based on category, the luxury hotel chain industry value is expected to expand exponentially from 2023-2032 owing to the rising emphasis on sustainability and responsible practices. Luxury hotel chains increasingly prioritize safety and security measures. This has made way for significant investments in robust security protocols and cleanliness standards for attracting guests concerned about safety. Personalized services, global accessibility, loyalty programs, and higher adaptability to changing guest preferences are other factors influencing the segment expansion.

Regionally, the Asia Pacific luxury hotel market size is projected to witness over 10% CAGR through 2032 owing to the rapidly expanding growing middle-class population in the region. With the rising number of travellers seeking more intimate and personalized experiences, there has been rising interest in unique and boutique luxury accommodations. The rapid digital transformation across several industries, the increasing internet penetration along with the robust growth of smaller luxury properties with distinct offerings will contribute to the regional industry growth.


Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Luxury hotel market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Type trends
2.5 Category trends
2.6 Booking channel trends
Chapter 3 Luxury Hotel Industry Insights
3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Profit margin analysis
3.4 Tourism statistics
3.4.1 Best destination in tourism industry
3.4.2 Best preferred packages
3.4.3 Seasonal trends
3.4.4 Traveler behavior & preferences
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing tourism in Europe and North America
3.9.1.2 Rising disposable income globally
3.9.1.3 Increasing demand for unique and personalized experiences
3.9.1.4 Demand for luxury accommodations for corporate events
3.9.2 Industry pitfalls & challenges
3.9.2.1 Economic downturns and uncertainties can impact consumer spending
3.9.2.2 Rise of alternative accommodation options, such as vacation rentals and boutique lodgings
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 AccorHotels
4.3.2 Four Seasons Hotels and Resorts
4.3.3 Hilton Worldwide Holdings Inc.
4.3.4 Hyatt Hotels Corporation
4.3.5 InterContinental Hotels Group (IHG)
4.3.6 Jumeirah Hotels and Resorts
4.3.7 Marriott International
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Luxury hotel Market Estimates & Forecast, By Type (Revenue)
5.1 Key trends, by type
5.2 Business hotels
5.3 Airport hotels
5.4 Suite hotels
5.5 Resorts
5.6 Others
Chapter 6 Luxury Hotel Market Estimates & Forecast, By Category (Revenue)
6.1 Key trends, by category
6.2 Chain
6.3 Independent
Chapter 7 Luxury Hotel Market Estimates & Forecast, By Booking Channel (Revenue)
7.1 Key trends, by booking channel
7.2 Direct bookings
7.3 Online Travel Agencies (OTAs)
7.4 Other platforms
Chapter 8 Luxury Hotel Market Estimates & Forecast, By Region (Revenue)
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 UK
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Spain
8.3.6 Nordics
8.4 Asia Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia
8.4.5 South Korea
8.4.6 Southeast Asia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 MEA
8.6.1 UAE
8.6.2 Saudi Arabia
8.6.3 South Africa
Chapter 9 Company Profiles
9.1 AccorHotels
9.2 Aman Resorts
9.3 Four Seasons Hotels and Resorts
9.4 Hilton Worldwide Holdings Inc.
9.5 Hyatt Hotels Corporation
9.6 InterContinental Hotels Group (IHG)
9.7 Jumeirah Hotels and Resorts
9.8 Mandarin Oriental Hotel Group
9.9 Marriott International
9.10 Oberoi Hotels & Resorts
9.11 Rosewood Hotel Group
9.12 Shangri-La Hotels and Resorts
9.13 St. Regis Hotels & Resorts
9.14 The Ritz-Carlton Hotel Company
9.15 Waldorf Astoria Hotels & Resorts (Hilton)
Data Tables
TABLE 1 Global luxury hotel market 3600 synopsis, 2018-2032
TABLE 2 Luxury hotel market, 2018 - 2022,
TABLE 3 Luxury hotel market, 2023 - 2032,
TABLE 4 Luxury hotel TAM, 2023 – 2032
TABLE 5 Luxury hotel market, by region, 2018 - 2022 (USD Million)
TABLE 6 Luxury hotel market, by region, 2023 - 2032 (USD Million)
TABLE 7 Luxury hotel market, by type, 2018 - 2022 (USD Million)
TABLE 8 Luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 9 Luxury hotel market, by category, 2018 - 2022 (USD Million)
TABLE 10 Luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 11 COVID-19 impact on the North America luxury hotel market
TABLE 12 COVID-19 impact on the Europe luxury hotel market
TABLE 13 COVID-19 impact on the Asia Pacific luxury hotel market
TABLE 14 COVID-19 impact on the Latin America luxury hotel market
TABLE 15 COVID-19 impact on the MEA luxury hotel market
TABLE 16 Vendor matrix
TABLE 17 Patent analysis
TABLE 18 Industry impact forces
TABLE 19 Company market share, 2022
TABLE 20 Competitive analysis of major market players, 2022
TABLE 21 Business hotels market, 2018 - 2022 (USD Million)
TABLE 22 Business hotels market, 2023 - 2032 (USD Million)
TABLE 23 Airport hotels market, 2018 - 2022 (USD Million)
TABLE 24 Airport hotels market, 2023 - 2032 (USD Million)
TABLE 25 Suite hotels market, 2018 - 2022 (USD Million)
TABLE 26 Suite hotels market, 2023 - 2032 (USD Million)
TABLE 27 Resorts market, 2018 - 2022 (USD Million)
TABLE 28 Resorts market, 2023 - 2032 (USD Million)
TABLE 29 Others market, 2018 - 2022 (USD Million)
TABLE 30 Others market, 2023 - 2032 (USD Million)
TABLE 31 Chain market, 2018 - 2022 (USD Million)
TABLE 32 Chain market, 2023 - 2032 (USD Million)
TABLE 33 Independent market, 2018 - 2022 (USD Million)
TABLE 34 Independent market, 2023 - 2032 (USD Million)
TABLE 35 North America luxury hotel market, 2018 - 2022 (USD Million)
TABLE 36 North America luxury hotel market, 2023 - 2032 (USD Million)
TABLE 37 North America luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 38 North America luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 39 North America luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 40 North America luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 41 U.S. luxury hotel market, 2018 - 2022 (USD Million)
TABLE 42 U.S. luxury hotel market, 2023 - 2032 (USD Million)
TABLE 43 U.S. luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 44 U.S. luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 45 U.S. luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 46 U.S. luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 47 Canada luxury hotel market, 2018 - 2022 (USD Million)
TABLE 48 Canada luxury hotel market, 2023 - 2032 (USD Million)
TABLE 49 Canada luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 50 Canada luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 51 Canada luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 52 Canada luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 53 Europe luxury hotel market, 2018 - 2022 (USD Million)
TABLE 54 Europe luxury hotel market, 2023 - 2032 (USD Million)
TABLE 55 Europe luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 56 Europe luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 57 Europe luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 58 Europe luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 59 UK luxury hotel market, 2018 - 2022 (USD Million)
TABLE 60 UK luxury hotel market, 2023 - 2032 (USD Million)
TABLE 61 UK luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 62 UK luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 63 UK luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 64 UK luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 65 Germany luxury hotel market, 2018 - 2022 (USD Million)
TABLE 66 Germany luxury hotel market, 2023 - 2032 (USD Million)
TABLE 67 Germany luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 68 Germany luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 69 Germany luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 70 Germany luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 71 France luxury hotel market, 2018 - 2022 (USD Million)
TABLE 72 France luxury hotel market, 2023 - 2032 (USD Million)
TABLE 73 France luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 74 France luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 75 France luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 76 France luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 77 Italy luxury hotel market, 2018 - 2022 (USD Million)
TABLE 78 Italy luxury hotel market, 2023 - 2032 (USD Million)
TABLE 79 Italy luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 80 Italy luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 81 Italy luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 82 Italy luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 83 Spain luxury hotel market, 2018 - 2022 (USD Million)
TABLE 84 Spain luxury hotel market, 2023 - 2032 (USD Million)
TABLE 85 Spain luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 86 Spain luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 87 Spain luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 88 Spain luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 89 Nordics luxury hotel market, 2018 - 2022 (USD Million)
TABLE 90 Nordics luxury hotel market, 2023 - 2032 (USD Million)
TABLE 91 Nordics luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 92 Nordics luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 93 Nordics luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 94 Nordics luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 95 Asia Pacific luxury hotel market, 2018 - 2022 (USD Million)
TABLE 96 Asia Pacific luxury hotel market, 2023 - 2032 (USD Million)
TABLE 97 Asia Pacific luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 98 Asia Pacific luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 99 Asia Pacific luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 100 Asia Pacific luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 101 China luxury hotel market, 2018 - 2022 (USD Million)
TABLE 102 China luxury hotel market, 2023 - 2032 (USD Million)
TABLE 103 China luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 104 China luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 105 China luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 106 China luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 107 India luxury hotel market, 2018 - 2022 (USD Million)
TABLE 108 India luxury hotel market, 2023 - 2032 (USD Million)
TABLE 109 India luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 110 India luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 111 India luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 112 India luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 113 Japan luxury hotel market, 2018 - 2022 (USD Million)
TABLE 114 Japan luxury hotel market, 2023 - 2032 (USD Million)
TABLE 115 Japan luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 116 Japan luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 117 Japan luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 118 Japan luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 119 Australia luxury hotel market, 2018 - 2022 (USD Million)
TABLE 120 Australia luxury hotel market, 2023 - 2032 (USD Million)
TABLE 121 Australia luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 122 Australia luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 123 Australia luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 124 Australia luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 125 South Korea luxury hotel market, 2018 - 2022 (USD Million)
TABLE 126 South Korea luxury hotel market, 2023 - 2032 (USD Million)
TABLE 127 South Korea luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 128 South Korea luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 129 South Korea luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 130 South Korea luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 131 Southeast Asia luxury hotel market, 2018 - 2022 (USD Million)
TABLE 132 Southeast Asia luxury hotel market, 2023 - 2032 (USD Million)
TABLE 133 Southeast Asia luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 134 Southeast Asia luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 135 Southeast Asia luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 136 Southeast Asia luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 137 Latin America luxury hotel market, 2018 - 2022 (USD Million)
TABLE 138 Latin America luxury hotel market, 2023 - 2032 (USD Million)
TABLE 139 Latin America luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 140 Latin America luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 141 Latin America luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 142 Latin America luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 143 Brazil luxury hotel market, 2018 - 2022 (USD Million)
TABLE 144 Brazil luxury hotel market, 2023 - 2032 (USD Million)
TABLE 145 Brazil luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 146 Brazil luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 147 Brazil luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 148 Brazil luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 149 Mexico luxury hotel market, 2018 - 2022 (USD Million)
TABLE 150 Mexico luxury hotel market, 2023 - 2032 (USD Million)
TABLE 151 Mexico luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 152 Mexico luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 153 Mexico luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 154 Mexico luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 155 Argentina luxury hotel market, 2018 - 2022 (USD Million)
TABLE 156 Argentina luxury hotel market, 2023 - 2032 (USD Million)
TABLE 157 Argentina luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 158 Argentina luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 159 Argentina luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 160 Argentina luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 161 MEA luxury hotel market, 2018 - 2022 (USD Million)
TABLE 162 MEA luxury hotel market, 2023 - 2032 (USD Million)
TABLE 163 MEA luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 164 MEA luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 165 MEA luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 166 MEA luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 167 UAE luxury hotel market, 2018 - 2022 (USD Million)
TABLE 168 UAE luxury hotel market, 2023 - 2032 (USD Million)
TABLE 169 UAE luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 170 UAE luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 171 UAE luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 172 UAE luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 173 Saudi Arabia luxury hotel market, 2018 - 2022 (USD Million)
TABLE 174 Saudi Arabia luxury hotel market, 2023 - 2032 (USD Million)
TABLE 175 Saudi Arabia luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 176 Saudi Arabia luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 177 Saudi Arabia luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 178 Saudi Arabia luxury hotel market, by category, 2023 - 2032 (USD Million)
TABLE 179 South Africa luxury hotel market, 2018 - 2022 (USD Million)
TABLE 180 South Africa luxury hotel market, 2023 - 2032 (USD Million)
TABLE 181 South Africa luxury hotel market, by type, 2018 – 2022 (USD Million)
TABLE 182 South Africa luxury hotel market, by type, 2023 - 2032 (USD Million)
TABLE 183 South Africa luxury hotel market, by category, 2018 – 2022 (USD Million)
TABLE 184 South Africa luxury hotel market, by category, 2023 - 2032 (USD Million)
Charts & Figures
FIG 1 GMI’s report coverage in the global luxury hotel market
FIG 2 Industry segmentation
FIG 3 Forecast calculation
FIG 4 Profile break-up of primary respondents
FIG 5 Luxury hotel market 360 degree synopsis, 2018 – 2032
FIG 6 Industry ecosystem analysis
FIG 7 Profit margin analysis
FIG 8 Growth potential analysis
FIG 9 Porter’s analysis
FIG 10 PESTEL analysis
FIG 11 Competitive analysis of major market players, 2022
FIG 12 Competitive positioning matrix
FIG 13 Strategic outlook matrix
FIG 14 Luxury hotel market, by type, 2022 & 2032
FIG 15 Luxury hotel market, by category, 2022 & 2032
FIG 16 SWOT analysis, AccorHotels
FIG 17 SWOT analysis, Aman Resorts
FIG 18 SWOT analysis, Four Seasons Hotels and Resorts
FIG 19 SWOT analysis, Hilton Worldwide Holdings Inc.
FIG 20 SWOT analysis, Hyatt Hotels Corporation
FIG 21 SWOT analysis, InterContinental Hotels Group (IHG)
FIG 22 SWOT analysis, Jumeirah Hotels and Resorts
FIG 23 SWOT analysis, Mandarin Oriental Hotel Group
FIG 24 SWOT analysis, Marriott International
FIG 25 SWOT analysis, Oberoi Hotels & Resorts
FIG 26 SWOT analysis, Rosewood Hotel Group
FIG 27 SWOT analysis, Shangri-La Hotels and Resorts
FIG 28 SWOT analysis, St. Regis Hotels & Resorts
FIG 29 SWOT analysis, The Ritz-Carlton Hotel Company
FIG 30 SWOT analysis, Waldorf Astoria Hotels & Resorts (Hilton)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings