The global luxury hotel market size is expected to reach USD 156.80 billion in 2030 and is projected to grow at a CAGR of 7.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow significantly over the forecast period owing to the increasing purchasing power of consumers and the rising number of international as well as domestic tourists on business or leisure trips.
Travelers opting for lavish vacations look chiefly for comfort and quality of service, while hotel tariffs may make for a secondary consideration. To compete in the luxury hotel market, companies are focused on providing unique customer experiences by investing in infrastructure and technologically advanced appliances. Building customer relations by extending the highest degree of hospitality is also a key area of focus.
Major players in the market are integrating room control systems through the Internet of Things (IoT) platform. As a result, guests can control cooling, heating, and lighting in their rooms wirelessly through mobile-based applications. Furthermore, simplified hotel reservation processes have upped demand in recent years. Online hotel bookings are supplemented by readily-available information in the form of photos and videos of the property, along with customer feedback.
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Luxury hotel chains accounted for a revenue share of about 65% of the market in 2024
Business hotels held a market revenue share of about 32% in 2024
Booking luxury hotels through the direct booking mode accounted for a revenue share of about 42% in 2024.
Booking through online travel agencies (OTAs) is expected to grow at a CAGR of 8.0% from 2025 to 2030
The luxury hotel market in North America accounted for a global revenue share of around 36% in 2024
Grand View Research has segmented the global luxury hotel market based on category, type, mode, and region:
Luxury Hotel Category Outlook (Revenue, USD Billion, 2018 - 2030)
Chain
Independent
Luxury Hotel Type Outlook (Revenue, USD Billion, 2018 - 2030)
Business Hotels
Airport Hotels
Holiday Hotels
Resorts & Spa
Others
Luxury Hotel Booking Mode Outlook (Revenue, USD Billion, 2018 - 2030)
Direct Booking
Travel Agents
Online Travel Agencies
Luxury Hotel Regional Outlook (Revenue, USD Billion, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
UAE
List of Key Players in the Luxury Hotel Market
Accor
Belmond Management Limited
Four Seasons Hotel Limited
InterContinental Hotel Group
Mandarin Oriental Hotel Group Limited
Marriott International, Inc.
Rosewood Hotel Group
The Indian Hotel Company Limited
Radisson Hotel Group
Aman Resorts
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