The Global Luxury Hotels Market to 2018
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Summary • The global luxury hotels market's performance has recovered from the slowdown recorded at the beginning of the historic period (2009-2013) due to the financial crisis and recession. Overall, growth was recorded in the four markets Americas, Asia-Pacific, Europe, Middle East and Africa across all key performance indicators (KPIs) during the historic period. Growth is expected to continue over the forecast period (2014-2018) supported by the rise in tourism flows and expenditure.
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key Findings - According to the Travel and Tourism Intelligence Center's (Travel and Tourism IC) analysis based on 40 countries around the world, the US was the leader in the luxury hotel market in terms of both revenue and number of establishments. The US recorded revenue of US$43.9 billion in 2013, which is more than double its closest competitor, China, which recorded US$20.6 billion in revenue in 2013 - Growth in the Travel and Tourism sector in Asia-Pacific has proved beneficial for the luxury hotel market. Rising middle class population and economic growth have supported the increase in tourist volume and expenditure, consequently leading to rising demand for accommodation. International hoteliers such as InterContinental Hotels, Starwood, Hilton, Marriott, and Accor cater to the luxury segment in the region. Domestic hotel operators mostly focus on the budget and mid-scale segment Contact: debora@reportstack.com
key benefits - Make strategic business decisions using historic and forecast market data related to the global luxury hotels market - Understand the key market trends and growth opportunities in the global luxury hotels market  - Gain strategic insights on the leading global luxury hotels"
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Companies Mentioned • "InterContinental Hotels Group Plc, • Shangri-La Asia Ltd, • Starwood Hotels and Resorts Worldwide, Inc., • Marriott International, Inc., • Accor SA, • Anantara Hotels Resorts and Spas, • Rezidor Hotel Group, • Four Seasons Hotels and Resorts, • Rotana Hotel Management Corporation PJSC, • Banyan Tree Holdings Limited"
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Contact: debora@reportstack.com Reportstack Market Research