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Luxury Hotel Market in APAC 2024-2028

Publisher TechNavio
Published Feb 22, 2024
Length 142 Pages
SKU # INF18598476

Description

Luxury Hotel Market In APAC 2024-2028


The luxury hotel market in APAC is forecasted to grow by USD 29.59 bn during 2023-2028, accelerating at a CAGR of 8.15% during the forecast period. The report on the luxury hotel market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing number of luxury hotels in APAC, expanding middle-class population with increased disposable income, and increased preference for luxury hotels.

Technavio's luxury hotel market in APAC is segmented as below:

By Type
  • Upscale
  • Upper-upscale
  • Luxury
By Ownership
  • Chain
  • Independent
This study identifies the higher acceptance of online booking platforms as one of the prime reasons driving the luxury hotel market in APAC growth during the next few years. Also, growing tourism industry in APAC and increasing number of sports and entertainment events organized in APAC will lead to sizable demand in the market.

The report on the luxury hotel market in APAC covers the following areas:
  • Luxury hotel market in APAC sizing
  • Luxury hotel market in APAC forecast
  • Luxury hotel market in APAC industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury hotel market in APAC vendors that include Accor SA, Aman Group S.a.r.l., Choice Hotels International Inc., COMO Hotels and Resorts Asia Pte. Ltd., Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hotel Okura Co. Ltd., Hyatt Hotels Corp., InterContinental Hotels Group PLC, ITC Ltd., Mandarin Oriental International Ltd, Marriott International Inc., Minor International PCL, Rosewood Hotel Group, Saffire Freycinet, Shangri La Asia Ltd., The Hongkong and Shanghai Hotels Ltd., The Indian Hotel Co. Ltd., THE REVERIE SAIGON, and Wyndham Hotels and Resorts Inc.. Also, the luxury hotel market in APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

142 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
    • luxury hotel market in APAC 2018 - 2022
    • Type Segment Analysis 2018 - 2022
    • Ownership Segment Analysis 2018 - 2022
    • Geography Segment Analysis 2018 - 2022
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Type
    • Upscale - Market size and forecast 2023-2028
    • Upper-upscale - Market size and forecast 2023-2028
    • Luxury - Market size and forecast 2023-2028
    • Market opportunity by Type
    • Market segments
    • Comparison by Ownership
    • Chain - Market size and forecast 2023-2028
    • Independent - Market size and forecast 2023-2028
    • Market opportunity by Ownership
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • China - Market size and forecast 2023-2028
    • India - Market size and forecast 2023-2028
    • Indonesia - Market size and forecast 2023-2028
    • Japan - Market size and forecast 2023-2028
    • Rest of APAC - Market size and forecast 2023-2028
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • Accor SA
    • Four Seasons Hotels Ltd.
    • Hilton Worldwide Holdings Inc.
    • Hotel Okura Co. Ltd.
    • Hyatt Hotels Corp.
    • InterContinental Hotels Group PLC
    • ITC Ltd.
    • Mandarin Oriental International Ltd
    • Marriott International Inc.
    • Rosewood Hotel Group
    • Saffire Freycinet
    • Shangri La Asia Ltd.
    • The Hongkong and Shanghai Hotels Ltd.
    • The Indian Hotel Co. Ltd.
    • THE REVERIE SAIGON
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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