Global Luxury Hotels Market

Transparency Market

Research

Luxury Hotels Market - Global Industry Analysis, Size,

Share, Growth, Trends, and Forecast 2015 - 2021

Published Date

2015-07-24

88 Page Report

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Press Release

Luxury Hotels Market is expected to reach USD 195.27 billion

by 2021

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Luxury Hotels Market

REPORT DESCRIPTION

Luxury Hotels Market - Global Industry Analysis, Size, Share, Growth, Trends,

and Forecast 2015 – 2021

Increasing consumer awareness and changing lifestyle are the major factors contributing to the

growing popularity of luxury hotels globally. With the increasing standard of living, consumers are

opting for luxury hotels for better services. Furthermore, the booming travel and tourism industry

is one of the key factors fueling the demand for luxury hotels globally. In addition, rise in

branding and promotional activities are one of the prime factors responsible for the increasing

awareness about luxury hotels. Hoteliers are focusing on branding and promotions for better

market penetration. Online booking, advance services, and easy check-in and check-out

processes are the major driving factors responsible for the success of the luxury hotel industry.

Moreover, in order to meet the consumer demands, hoteliers are focusing on upgrading their

services. As service is a crucial part of the hospitality industry, hoteliers are concentrating on

providing excellent services to retain customers.

Browse The Market Research Report of Luxury Hotels

Market :http://www.transparencymarketresearch.com/luxury-hotels-market.html

Rise in the number of international events is fueling the market growth of luxury hotels globally.

Consumers are opting for luxury hotels to spend their leisure time, with a view to experience the

luxurious living...