The global luxury hotels market registered strong growth in 2014, thanks to the expanding travel and tourism sector, rise in ultra-high-net-worth individuals (grew by more than 5,000 in 2014) and the growing preference of travelers for luxury. In 2014, the Americas retained the top position as the largest market for luxury hotels closely trailed by Asia-Pacific. About 5,200 new high-end hotels are expected to open in 2015.
Key Findings
The US is the leader in the luxury hotels market in terms of both revenues (US$46.6 billion in 2014 equivalent to 27% share) and number of rooms available (303,320). Japan topped the list in terms of occupancy rate (90.9% in 2014) while Hong Kong recorded the highest average (room) revenue per available room (RevPAR) with a value of US$354 in 2014. Mexico recorded the highest number of guests in 2014 (29.2 million) while the UK recorded the fastest growth during the historic period (2010-2014). France was the fastest growing market in terms of rooms available and revenues. Belgium was the fastest growing market during the historic period in terms of RevPAR
Reasons To Buy
Make strategic business decisions using historic and forecast market data related to global luxury hotels industry
Understand the demand-side dynamics within the industry to identify key market trends and growth opportunities
Table Of Content
1 Global Luxury Hotel Market - Key Trends and Issues
2 Global Luxury Hotels - Deals
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3 Global Luxury Hotels KPIs - the Americas
3.1 The Americas - number of luxury hotel establishments (2010-2019)
3.2 The Americas - number of rooms in luxury hotels (2010-2019)
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