Market Report on Global Luxury Hotels - 2019

Feb 02 2016 Mumbai, India: Bharatbook.com announces a report on “ Market Report on Global Luxury Hotels – 2019 ”. The latest attack in particular is expected to show substantial negative impact as December is a prime season for holiday for many people globally.

Summary

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. " https://www.bharatbook.com/travel-tourism-market-research-reports-554167/global-luxury-hotels2.html " 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

• Luxury hotels in New York are going a step ahead to please guests. Several hotels are partnering with leading retailers in the city to provide insider shopping experiences for their guests. For instance, The Mark hotel collaborated with Bergdorf Goodman. Other examples include The Quin in Midtown, WestHouse in Midtown, and The St. Regis Washington, D.C

• Shanghai is a leading MICE destination in China, backed by infrastructure and the presence of historical and cultural attractions. At...