World Luxury Hotels Industry Examined by Euromonitor in New Market Research Report Now Available at MarketPublishers.com27 Jan 2015 • by Natalie Aster
LONDON – A novel breed of luxury travellers keep on transforming the worldwide luxury hotels industry during 2014, with the stronger search for authenticity. The Middle East region is seeing the highest jump in revenue per available room, for RevPAR. This is projected to improve along with the rising levels of disposable income of the middle-class population and the fact that emerging markets are still a key force lying behind demand.
The world luxury travel market has entered a new era and is forecast to see a bigger boom in sales over the next five years, driven largely by the growing trend for conspicuous consumption and the overseas leisure travel flows from emerging countries. Mobile technology and other internet and wireless facilities are essential service requirements for luxury hotels. The provisioning of cutting-edge services is key to boosting the luxury market growth.
New market study “Luxury Hotels Enter a New Era” elaborated by Euromonitor International draws up a comprehensive picture of the travel and tourism market, with a focus on the luxury hotels sector’ performance globally.
The research report sheds light on the market’s shape, highlights the industry’s historical background and current status. It identifies the most lucrative and rapidly growing market sectors, determines and thoroughly examines key market drivers and restraints, canvasses major policies and regulations, delves into the game-changing industry issues, including pricing and technologies. The study offers data on the market size (historical plus forecasts), brand shares, company shares, and distribution. The report examines the competitive scenario and the top market participants. Furthermore, detailed forecasts of the market’s development over the next five years are available.
Luxury Hotels Enter a New Era
Published: January, 2015
Price: US$ 1,200.00
Other Travel & Leisure Industry Reports by Euromonitor Include:
- Travel and Tourism in Belarus
- City Travel Briefing: Tokyo
- Travel and Tourism in Austria
- Travel and Tourism in Azerbaijan
- Travel and Tourism in Djibouti
- Travel Accommodation in Belgium
More topical market research reports by the publisher can be found at Euromonitor International page.