United States Luxury Hotel Market Growth, Size, Trends, Revenue, Share and Future Competition
United States Luxury Hotel Market Size- By Service Type, By Theme, By Room Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: FMCG2447 | Pages: 1 - 105 | Formats*: |
| Category : Consumer & Retail | |||
United States Luxury Hotel Market Introduction and Overview
According to SPER Market Research, the United States Luxury Hotel Market is estimated to reach USD XX Billion by 2033 with a CAGR of 5.2%.
The report includes an in-depth analysis of the United States Luxury Hotel Market, including market size and trends, product mix, applications, and supplier analysis. A hotel that provides opulent lodging to its guests is referred to as a luxury hotel. Rich people frequent luxury hotels, where they anticipate receiving first-rate service and cuisine. Luxury hotels are hotels that cater to the specific needs of its guests. They are classified as four- or five-star properties and include bed and breakfasts (B&B) and boutique hotels.
- In January 2022: The Columbus Centre Corporation (Cayman) in New York sold the upmarket Mandarin Oriental hotel to Reliance Industries Limited, an Indian company, for USD 98.15 million.
- In September 2022: The new luxury hotel and brand-name apartments in Seattle, Washington, will now be managed and owned by the Hong Kong-based Langham Hospitality Group. In 2026, the project is anticipated to be finished. It is anticipated that The Langham, Seattle, would have 187 opulent bedrooms and suites.
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Market Opportunities and Challenges
In light of the ever-changing industry trends, the luxury hotel sector in the United States offers both prospects and obstacles. A notable prospect is the increasing desire of affluent travellers for individualised and distinctive travel experiences. By providing individualised services, carefully chosen amenities, and immersive experiences that are catered to specific tastes, luxury hotels can profit from this trend. Furthermore, luxury hotels have the chance to highlight their unique features, including fine dining restaurants, spas, exclusive events, and cultural immersion programmes, thanks to the growing trend of experience travel and the need for authenticity.
Additionally, the United States' burgeoning tourism sector—which is being driven by both domestic and foreign visitors—offers luxury hotels a potential chance to draw in a varied clientele and increase occupancy rates. Additionally, technological developments present luxury hotels with chances to improve visitor experiences with digital innovations like smartphone check-in, individualised concierge services, and virtual reality tours.
But the market for luxurious lodging also has to contend with a number of issues that need for careful thought and adjustment. One such difficulty is the growing rivalry from other lodging options, such as boutique hotels and opulent house rentals, which provide distinctive experiences and individualised services at affordable rates. Additionally, it is becoming more difficult for luxury hotels to remain profitable while maintaining high standards of service due to increased operating expenditures, such as labour costs and property maintenance. Additionally, travel habits and consumer spending can be impacted by geopolitical unpredictability, economic volatility, and unanticipated occurrences like pandemics and natural catastrophes, which can impair the stability and growth trajectory of the luxury hotel market.
Market Competitive Landscape
There is fierce competition among the many businesses in the highly fragmented luxury hotel sector in the United States. But because of technological advancements and product developments, mid-sized and smaller companies are growing their market share by winning new contracts and entering new markets. The major key players in the United States Luxury Hotel Market are: A.P. Moller - Maersk, CEVA Logistics SA, Deutsche Post AG, DTDC Express Limited, FedEx Corp., JJX Logistics, Pack & Send UK Limited, Parcel Monkey Ltd., Royal Mail Group Ltd, SpeedLink Transport Limited, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Service Type, By Theme, By Room Type |
| Regions covered | Northeast Region, Midwest Region, South Region, West Region |
| Companies Covered | Brooklyn Bridge Hotel, Cavallo Point, Hyatt Group, JW Marriott, Long Beach Lodge Resort, Mayflower Inn and Spa, The Mark Hotel, The St. Regis, Rencho Valencia Resort, Nimmo Bay, Great Bear Rainforest, Others |
COVID-19 Impact on United States Luxury Hotel Market
The luxury hotel industry in the United States is expected to gradually recover in the post-COVID era as travel restrictions loosen. As luxury hotels adjust to the new normal, they'll probably put a high priority on putting strict sanitary procedures in place to protect their visitors' health and safety. Furthermore, there might be a stronger focus on providing individualised experiences that satisfy different tastes and needs. To provide memorable and distinctive stays, this could involve carefully chosen activities, custom facilities, and special services. The premium hotel industry in the US will keep changing, with a major emphasis on offering guests extraordinary experiences while upholding the strictest safety and health regulations.
Key Target Audience
- Business executives and corporate travelers
- Celebrities and influencers
- Corporate event planners
- Event planners and wedding coordinators
- Honeymooners and couples
- International travelers
- Luxury travel agents and tour operators
- Luxury travelers
- Others
Our in-depth analysis of the United States Luxury Hotel Market includes the following segments:
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| By Theme: |
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| By Region: |
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Key Topics Covered in the Report
- United States Luxury Hotel Market Size (FY’2024-FY’2033)
- Overview of United States Luxury Hotel Market
- Segmentation of United States Luxury Hotel Market By Service Type (Airport Hotels, Business Hotels, Resorts, Suite Hotel, Other Service Hotels)
- Segmentation of United States Luxury Hotel Market By Theme (Contemporary, Heritage, Modern, Others)
- Segmentation of United States Luxury Hotel Market By Room Type (Luxury, Upper-Upscale, Upscale)
- Statistical Snap of United States Luxury Hotel Market
- Expansion Analysis of United States Luxury Hotel Market
- Problems and Obstacles in United States Luxury Hotel Market
- Competitive Landscape in the United States Luxury Hotel Market
- Impact of COVID-19 and Demonetization on United States Luxury Hotel Market
- Details on Current Investment in United States Luxury Hotel Market
- Competitive Analysis of United States Luxury Hotel Market
- Prominent Players in the United States Luxury Hotel Market
- SWOT Analysis of United States Luxury Hotel Market
- United States Luxury Hotel Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Luxury Hotel Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Luxury Hotel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Luxury Hotel Market
7. United States Luxury Hotel Market, By Service Type (USD Million)
7.1. United States Luxury Hotel Market Value Share and Forecast, By Service Type, 2024-20337.2. Airport Hotels7.3. Business Hotels7.4. Resorts7.5. Suite Hotel7.6. Other Service Hotels
8. United States Luxury Hotel Market, By Theme (USD Million)
8.1. United States Luxury Hotel Market Value Share and Forecast, By Theme, 2024-20338.2. Contemporary8.3. Heritage8.4. Modern8.5. Others
9. United States Luxury Hotel Market, By Room Type (USD Million)
9.1. United States Luxury Hotel Market Value Share and Forecast, By Room Type, 2024-20339.2. Luxury9.3. Upper-Upscale9.4. Upscale
10. United States Luxury Hotel Market Forecast, 2020-2033 (USD Million)
10.1. United States Luxury Hotel Market Size and Market Share
11. United States Luxury Hotel Market, By Service Type, 2020-2033 (USD Million)
11.1. United States Luxury Hotel Market Size and Market Share By Service Type (2020-2026)11.2. United States Luxury Hotel Market Size and Market Share By Service Type (2027-2033)
12. United States Luxury Hotel Market, By Theme, 2020-2033 (USD Million)
12.1. United States Luxury Hotel Market Size and Market Share By Theme (2020-2026)12.2. United States Luxury Hotel Market Size and Market Share By Theme (2027-2033)
13. United States Luxury Hotel Market, By Room Type, 2020-2033 (USD Million)
13.1. United States Luxury Hotel Market Size and Market Share By Room Type (2020-2026)13.2. United States Luxury Hotel Market Size and Market Share By Room Type (2027-2033)
14. United States Luxury Hotel Market, By Region, 2020-2033 (USD Million)
14.1. United States Luxury Hotel Market Size and Market Share By Region (2020-2026)14.2. United States Luxury Hotel Market Size and Market Share By Region (2027-2033)14.3. Northeast Region14.4. Midwest Region14.5. South Region14.6. West Region
15. Company Profile
15.1. Brooklyn Bridge Hotel
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Cavallo Point
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Hyatt Group
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. JW Marriott
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Long Beach Lodge Resort
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Mayflower Inn and Spa
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. The Mark Hotel
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. The St. Regis
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Rencho Valencia Resort
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Nimmo Bay, Great Bear Rainforest
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Luxury Hotel Market is projected to reach USD XX billion by 2033, growing at a CAGR of 5.2% during the forecast period.
United States Luxury Hotel Market grew in Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 5.2% during the forecast period.
United States Luxury Hotel Market CAGR of 5.2% during the forecast period.
You can get the sample pages by clicking the link - Click Here
United States Luxury Hotel Market size is USD XX billion from 2023 to 2033.
United States Luxury Hotel Market Segment is covered By Service Type, By Theme, By Room Type.
The North America is anticipated to have the highest Market share in the United States Luxury Hotel Market.
The key players in the Market include Companies Covered Brooklyn Bridge Hotel, Cavallo Point, Hyatt Group, JW Marriott, Long Beach Lodge Resort, Mayflower Inn and Spa, The Mark Hotel, The St. Regis, Rencho Valencia Resort, Nimmo Bay, Great Bear Rainforest, Others.
A hotel that provides opulent lodging to its guests is referred to as a luxury hotel. Rich people frequent luxury hotels, where they anticipate receiving first-rate service and cuisine.
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