What is the luxury hotel market outlook?

The Global Luxury Hotels market is poised for significant growth between 2022 and 2031, with a positive outlook for 2022 and beyond. As key players in the industry adopt effective strategies, the market is expected to expand further, presenting numerous opportunities for advancement.



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Strong Hotel Performance Amid Economic Headwinds. The hospitality industry is off to a promising start entering H2 2023, with typical seasonal trends developing and revenue per available room (RevPAR) continuing to grow.

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How much is the luxury hotel market worth? Fortune Business Insights says that the global market size was USD 128.54 billion in 2022 and is projected to reach USD 293.61 billion by 2030.

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The global Luxury Hotel market size was valued at USD 100154.99 million in 2022 and is expected to expand at a CAGR of 7.87% during the forecast period, reaching USD 157771.38 million by 2028.

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High Demand for Hotel Rooms The high demand for hotel rooms plays a big part in why hotels are so expensive right now. When lots of people want to stay in hotels, the hotels become full quickly. This is called high occupancy. With more people wanting to book rooms, hotel owners can charge more money for them.

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Financial returns rank high among reasons for hotel investment. That may be high income from the hotel's operating cash flow, especially if they have long-term ownership intentions. Many independent hotels and resorts prioritize getting cash returns – especially family-run hotels with their 'heirloom' assets.

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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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As of 2017, data shows that the city with the highest number of five-star hotels is London with a total of 75 five-star hotels. Following closely is Dubai with 61 while New York comes third with a total of 59. Paris (56) and Miami (46) close the top five.

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Are hotels extremely profitable businesses? Yes, it can be. The average profit margin for budget hotels is 5–10% up to 4- and 5-star hotels at 10–20%. But this depends on many factors including the economy, location, management, and overall condition and reputation of the property.

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Future hotels will be customizable 34.4% want to use their own devices for access throughout the hotel. 25.4% said they were interested in room controls that auto-adjust temperature, lighting and even digital art, based on their preferences.

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Leisure and hospitality projected to mostly recover pandemic-driven employment losses. The Bureau of Labor Statistics projects the U.S. economy to add 8.3 million jobs from 2021 to 2031. Of those, 1.9 million jobs—23.1 percent of all new jobs projected—are expected to be in leisure and hospitality.

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PARIS, WORLD CAPITAL OF LUXURY, DESIGN AND FASHION.

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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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Marriott is the largest branded hotel in the world with more than 1.5 million rooms, making it 35% bigger than its closest U.S. competitor, Hilton.

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Meetings and events: Whether you have a local business utilizing a conference room for a day, a wedding reception in one of your banquet halls, a full-week conference, or a tour group hosting a meal in between outings, meetings and event spaces can provide a massive source of revenue for hotels.

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