What is the growth of luxury hotels?

The global Luxury Hotels market size was valued at USD 157719.29 million in 2022 and is expected to expand at a CAGR of 7.98% during the forecast period, reaching USD 249961.17 million by 2028.



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The global luxury hotel market size was valued at USD 128.54 billion in 2022 and is anticipated to grow from USD 140.28 billion in 2023 to USD 293.61 billion by 2030, exhibiting a CAGR of 11.1% growth during the forecast period of (2023-2030).

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The World's Largest Luxury Hotel Chains
  • AccorHotels. AccorHotels are a chain of hotels established, managed and operated by Accor S.A., a French multinational company. ...
  • Marriott International. Marriott International is another world-leading luxury hotel chain. ...
  • InterContinental Hotels Group.


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In 2023, the global hospitality market reached nearly 4.7 trillion U.S. dollars and was forecast to grow to 5.8 trillion U.S. dollars in 2027 at a compound annual growth rate (CAGR) of 5.5 percent.

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As of August 2019, STR reports that just 0.7 percent of the hotels (2.3% of rooms) in the United States are chain-affiliated luxury hotels. Concurrently, the STR pipeline report shows that 1.2 percent of the properties (2.9% of rooms) either under construction or planned for development meet this criterion.

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Premier Inn Limited is a British limited service hotel chain and the UK's largest hotel brand, with more than 72,000 rooms and 800 hotels. It operates hotels in a variety of locations including city centres, suburbs and airports, competing with the likes of Travelodge and Ibis hotels.

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Five stars: high-end, luxury hotels get five stars. There will be a nice bar and restaurant on-site, as well as a spa, gym, big bathrooms, and comfortable beds.

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Hilton (brand value down 2% to US$11.7 billion) retains its title as the world's most valuable hotel brand, according to the latest report from leading brand valuation consultancy, Brand Finance.

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The new travel luxury: Uniqueness Guests still want fine wines and rich fabric, but they want greater personalized attention. A study from global hotel consultancy HVS London found that the upcoming generation of travelers believe luxury means having unique, enriching life experiences.

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Room and furniture quality: Luxury hotel rooms have more modern and higher-quality furniture, fixtures, and fittings. Amenities: Both in-room amenities, like soaps and robes, and hotel amenities, like gyms and pools, tend to be much nicer at luxury hotels.

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