Luxury Hotels Market Trends, and Forecast, 2021-2031

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Luxury Hotels Market to Surge at a Robust Pace In Terms Of Revenue Over 2031 Date: March 29, 2022 Author: Tech News

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Transparency Market Research delivers key insights into the global luxury hotels market. In terms of revenue, the global luxury hotels market is estimated to expand at a CAGR of 6.2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global luxury hotels market. The trends in the luxury hospitality industry are changing rapidly, owing to evolving consumer needs, shifting technology, and external economic forces. The hoteliers in the luxury segment are constantly adopting the latest technology to upgrade the experience level for their consumers. This factor drives the global luxury hotels market. Moreover, with the rising of the COVID-19 pandemic, players in the market have increased the use of contactless technology, which, in turn, has helped them gain consumer con dence and regain stability.

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ag=B&rep_id=1839 Luxury Hotels Market: Key Segments In terms of type, the business/commercial hotels segment is expected to hold a major market share. Working remotely at present has become commonplace for several employees, and is forecast to become more than a passing trend. Shift accelerated by the global public health crisis and an unprecedented number of high-pro le companies are projected to drive the business/commercial hotel segment in the upcoming years. Based on room capacity, the medium-range room capacity is anticipated to expand the fastest as a result of rapid urbanization in third-world counties. Luxury lifestyles have been greatly in uencing the middle class and uppermiddle-class in developing economies, thus attracting the growth of hotels in such economies. Since the target audience is relatively a smaller share of the total population, more luxury hotels with mid-range room capacity are penetrating the market at a relatively faster pace. In terms of business model, the chain hotels segment is expected to hold a major market share as compared to independent luxury hotels. Nowadays, the hospitality industry has truly become an international industry & is speedily becoming a global industry. The global hotel industry is dominated by independent hotels. However, the hotel chains were controlled by 300 hotel chains, and 3.9 million hotel rooms were controlled by the top 10 hotel chains. Get COVID-19 Analysis @ https://www.transparencymarketresearch.com/sample/sample.php? ag=covid19&rep_id=1839 Luxury Hotels Market: Prominent Regions

The luxury hotels market in Asia Paci c is expected to expand at a notable growth rate during the forecast period both in terms of value (US$ Bn) and volume (million units). The market in Asia Paci c witnessed considerable expansion due to increasing disposable income in Japan, China, and India. The popularity and growth of larger luxury brands that promise unique experience tend to be more expensive, and hence, people are increasing their spending on luxury hotel stays. Luxury Hotels Market: Key Players Key players operating in the global luxury hotels market are Accor, Marriott international, Hyatt hotels, Hilton worldwide, InterContinental Hotels Group, Best Western Hotels, Choice Hotels International, Inc., Wyndham Destinations, Radisson Hotel Group, and Indian Hotels Company Limited. Inquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php? ag=EB&rep_id=1839 Global Luxury Hotels Market: Segmentation Luxury Hotels Market, by Type Business/Commercial Hotels Boutique Hotels Resort Hotels Casino Hotels Transit Hotels Bed & Breakfast Hotels Others Luxury Hotels Market, by Room Capacity

Luxury Hotels Market, by Room Capacity Small Hotel Medium Hotel Large Hotel Mega Hotels Luxury Hotels Market, by Business Model Chain Hotels Individual Hotels TMR Latest News Publication: Internet Sports Betting Market – The Internet sports betting market is expected to garner considerable growth, owing to an increase in online betting due to the COVID-19 pandemic lockdown and the relaxations in regulations regarding betting across different regions. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail exible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the uni ed market intelligence engine. Sign Up for a 7 day free trial! Contact

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