Research on Luxury Hotels Market: Repository of Analysis and Information for Every Facet of the Market 2015 - 2021
The rapid entry of new players in the global luxury hotels market is likely to intensify competition in the said market, says Transparency Market Research in a new publication. Some key players in the global luxury hotels market are Marriott International Inc., ITC Hotels, The Indian Hotels Company Limited, InterContinental Hotels Group PLC, Jumeirah International LLC, Shangri-La International Hotel Management Ltd, Kerzner International Resorts Inc., Mandarin Oriental International Limited, Four Seasons Holdings Inc., and Starwood Hotels and Resorts Worldwide. According to the findings of the TMR report, the global luxury hotels market is likely to expand at a CAGR of 4.0% between 2015 and 2021. Expanding at this pace, the market is likely to be worth US$195.2 bn by the end of 2021. Among the key segments based on type, business hotels held the dominant share of the market in 2014; the growth of this segment rides on the rising business travel globally of associates of...