Global Luxury Hotel Market Forecast 2025
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Bharat Book Bureau Provides the Trending Market Research Report on "Global Luxury Hotel Market” (https://www.bharatbook.com/marketreports/global-luxury-hotel-market/1444170) under Consumer Goods Category. The report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Global Luxury Hotel Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Luxury Hotel Market is continuously growing in the global scenario at significant pace. The Luxury hotel offers luxurious stay along with many other services which includes swimming pool consisting of warm & fresh water, spa, gyms, barbeque and bar. The other tailor made services are also provided by the luxury hotels according to the demand and comfort of the customers. In the present scenario, many such hotels also offer private garden or private area on beach along with personal sunbeds. Escalating disposable income of individual is both the developed and developing countries, surging rise in travel & tourism sector, rise in preference of leisure travel along with change in standard of living have led to the development are the substantial driving factors of the market during the forecast period. Moreover, emergence of new type of luxurious hotels is the factor which likely to create numerous opportunity in the market during the forecast period. Furthermore, luxurious hotels offers various facilities such as fast and easy to check-in and check-out, excellent features, excellent hotel dining and so on. These facilities also increasing demand of luxury hotels among people across the world. However, increasing prices associated with lodging is one of the major factors that limiting the market growth of Luxury Hotel across the globe.
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Last Update : Apr 24, 2019
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