-
Sector Analysis
Luxury Hotels Market Size and Forecast, Key Trends, Company Profiles, 2023 Update
Luxury Hotels Report Overview Luxury hotel revenue was $224.30 billion in 2022. Since the global COVID-19 pandemic impacted the tourism industry, the lodging industry was directly impacted as well, causing a decline in revenue during 2020. In 2021, travel started to ease up as the pandemic situation began to improve, and there was an increase in revenue which continues till 2022. The decrease in COVID-19 travel restrictions has led to a growing number of travelers who want to enjoy and...
-
Sector Analysis
The Global Luxury Hotels Market To 2020
The global luxury hotel market continued to expand in 2015, supported by growing tourism and a rise in affluent leisure and business travelers. Rising disposable incomes in areas China and India, the presence of rich corporate culture, and a growth in the number of international events are expected to drive the growth in future. China is the largest market for luxury hotels with room supply of 337,212 in 2015, followed by the US and Mexico, while Saudi Arabia was the...
Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.