Luxury Hotels Market Size and Forecast, Key Trends, Company Profiles, 2021-2026

Luxury Hotels Market Size and Forecast, Key Trends, Company Profiles, 2021-2026

Summary

GlobalData’s Luxury Hotels Market Size and Forecast, Key Trends, Company Profiles, 2021-2026 report provides in-depth analysis of the key market trends that are shaping the future of this segment and an analysis of the luxury accommodation market globally. Detailed market insight is provided on the Americas, Asia-Pacific, Middle East & Africa, and Europe. It also features profiles of some of the market’s leading players and looks at how companies can better meet their customers' needs.

ScopeIn 2021, China continued to be the number one luxury hotel market globally, with total revenue of $36.4 billion, representing annual growth of 42.9%, followed by the US (179%) and UAE (103/%).With the impact of COVID-19 slowly diminishing, business travel, which plummeted during the pandemic, is likely to regain its momentum in 2022 and the years ahead. Countries such as the US, Mexico, Spain, Turkey, the UAE, and China are likely to recover in 2022 in terms of total revenue.Reasons to BuyUnderstand the impact of COVID-19 on this marketGauge which are the biggest and most promising regional markets for the luxury accommodation marketUnderstand the demand-side dynamics within the industry to identify key trends and growth opportunitiesGain an understanding of the outlook for regional markets and learn from existing successes and our recommendations.