Luxury Hotel Market Size, Share, Growth Analysis and Forecast 2034
Global Luxury Hotel Market Growth, Size, Trends Analysis - By Category, By Type, By Booking Mode - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jul-2025 | Report ID: FMCG25124 | Pages: 1 - 263 | Formats*: |
| Category : Consumer & Retail | |||
Luxury Hotel Market Introduction and Overview
According to SPER Market Research, the Global Luxury Hotel Market is estimated to reach USD 213.98 billion by 2034 with a CAGR of 7.46%.
The report includes an in-depth analysis of the Global Luxury Hotel Market, including market size and trends, product mix, Applications, and supplier analysis. The Global Luxury Hotel Market was valued at USD 104.21 billion in 2024 and is expected to grow at a CAGR of 7.46% from 2025 to 2034. This growth is being driven by increased demand from affluent travellers and aspirational middle-class customers looking for unique experiences for special occasions such as birthdays and destination weddings. Business travel is another market growth driver, with company getaways becoming increasingly popular among mid-level and senior executives. Diversification of luxury destinations, such as the Maldives, which attract families and groups, has further supported increased occupancy rates and longer average stays.
By Category Insights:
Luxury hotel chains dominate the market because they can adjust to regional differences and implement personalised tactics. These hotels frequently employ approaches that enable them to create major brands and supporting infrastructure before expanding further into new markets. Localisation, or responding to cultural needs, such as building event settings that reflect local traditions, is critical to their success. Family-driven investments in regions such as Asia-Pacific contribute to long-term presence, whilst commercial real estate initiatives in Western markets promote expansion.
By Type Insights:
The business hotel category is thriving due to the need for specialised accommodations that perfectly combine luxury and utility. Private entrances, improved security, spacious offices, and boardrooms built for confidentiality and productivity are among the amenities that high-profile business travellers value. These hotels appeal to businesspeople who want both comfort and efficiency throughout their stay. Furthermore, premium features such as great dining experiences and famous views increase the overall appeal, establishing business hotels as the preferred alternative for professionals seeking a sophisticated and well-equipped atmosphere for work and recreation.
Regional Insights:
The luxury hotel market in North America is expanding as travel demand recovers, particularly among high-net-worth people (HNWIs) and Millennials seeking premium experiences. Domestic tourism is on the rise, and there is a growing preference for unique, personalised stays. Furthermore, luxury firms are emphasising sustainability and exclusive goods, which appeals to wealthy travellers. The U.S. luxury hotel business dominates due to its broad offers and ongoing innovation in key cities and emerging hotspots. Global luxury hotel brands such as Four Seasons and The Peninsula cater to rich visitors and business travellers in cities such as New York and Miami.
Market Competitive Landscape:
The Global Luxury Hotel Market is dominated by established players such as Accor, Belmond Management Limited, Four Seasons Hotel Limited, InterContinental Hotel Group, as well as a number of small and medium-sized companies. The fundamental reason these organisations are important players in the luxury hotel market is their ability to provide consistent, high-quality experiences across multiple geographical locations. Their high brand recognition, extensive networks, and thorough grasp of regional cultures allow them to meet a wide range of client demands. This combination of operational excellence, innovation, and personalised service strengthens their position in the competitive hospitality business.
Recent Developments:
In January 2025, St. Regis Hotels & Resorts launched The St. Regis Aruba Resort on Palm Beach, marking the brand's first presence in Aruba. It mixed Dutch-Caribbean culture with St. Regis' distinctive elegance, providing unique experiences like as the island's first St. Regis casino and Chef Akira Back's rooftop restaurant. The resort displayed the brand's tradition of refined luxury
In December 2024, Hyatt Hotels & Resorts announced intentions to open 50 premium hotels by 2026, building on the success of 2024. Over the past year, the business has opened 28 luxury properties, including the Park Hyatt London River Thames and Thompson Palm Springs. Hyatt also purchased Standard International and the curated travel website Mr and Mrs Smith. The new hotels will be grouped into two categories: "Luxury Portfolio" for high-end lodgings and "Lifestyle Portfolio" for culturally relevant, fashionable accommodations. The development is part of Hyatt's aim to capitalise on rising demand in the luxury and lifestyle markets.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Category, By Type, By Booking Mode |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Accor, Belmond Management Limited, Four Seasons Hotel Limited, InterContinental Hotel Group, Mandarin Oriental Hotel Group Limited, Marriott International, Inc, Rosewood Hotel Group, The Indian Hotel Company Limited, Radisson Hotel Group, Aman Resorts. |
- Global Luxury Hotel Market Size (FY 2021-FY 2034)
- Overview of Global Luxury Hotel Market
- Segmentation of Global Luxury Hotel Market by Category (Chain, Independent)
- Segmentation of Global Luxury Hotel Market by Type (Business Hotels, Airport Hotels, Holiday Hotels, Resorts & Spa, Other)
- Segmentation of Global Luxury Hotel Market by Booking Mode (Direct Booking, Travel Agents, Online Travel Agencies)
- Statistical Snap of Global Luxury Hotel Market
- Expansion Analysis of Global Luxury Hotel Market
- Problems and Obstacles in Global Luxury Hotel Market
- Competitive Landscape in the Global Luxury Hotel Market
- Details on Current Investment in Global Luxury Hotel Market
- Competitive Analysis of Global Luxury Hotel Market
- Prominent Players in the Global Luxury Hotel Market
- SWOT Analysis of Global Luxury Hotel Market
- Global Luxury Hotel Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Luxury Hotel Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Luxury Hotel Market
7. Global Luxury Hotel Market, By Category (USD Million) 2021-2034
- 7.1. Chain
- 7.2. Independent
8. Global Luxury Hotel Market, By Type (USD Million) 2021-2034
- 8.1. Business Hotels
- 8.2. Airport Hotels
- 8.3. Holiday Hotels
- 8.4. Resorts & Spa
- 8.5. Others
9. Global Luxury Hotel Market, By Booking Mode (USD Million) 2021-2034
- 9.1. Direct Booking
- 9.2. Travel Agents
- 9.3. Online Travel Agencies
10. Global Luxury Hotel Market, (USD Million) 2021-2034
- 10.1. Global Luxury Hotel Market Size and Market Share
11. Global Luxury Hotel Market, By Region, (USD Million) 2021-2034
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. Accor
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Aman Resorts
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Belmond Management Limited
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Four Seasons Hotel Limited
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. InterContinental Hotel Group
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Mandarin Oriental Hotel Group Limited
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Marriott International, Inc
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Rosewood Hotel Group
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. The Indian Hotel Company Limited
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Radisson Hotel Group
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The report includes an in-depth analysis of the Global Luxury Hotel Market, including market size and trends, product mix, Applications, and supplier analysis.
Luxury Hotel Market is projected to reach USD 213.98 billion by 2034, growing at a CAGR of of 7.46% during the forecast period.
Luxury Hotel Market grew in Market size from 2025. The Market is expected to reach USD 213.98 billion by 2034, at a CAGR of 7.46% during the forecast period.
Luxury Hotel Market CAGR of 7.46% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Luxury Hotel Market size is USD 213.98 billion from 2025 to 2034.
Luxury Hotel Market is covered By Category, By Type, By Booking Mode
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Luxury Hotel Market.
Accor, Belmond Management Limited, Four Seasons Hotel Limited, InterContinental Hotel Group, Mandarin Oriental Hotel Group Limited, Marriott International, Inc, Rosewood Hotel Group, The Indian Hotel Company Limited, Radisson Hotel Group, Aman Resorts.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
