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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Key Trends in the United States Luxury Hotel Market
Luxury hotels are known to offer luxurious accommodation experiences to thei guests by providing them with top-tiered services and facilities, including fine dining, upscale guestrooms, high-end spas and wellness centres, and twenty-four-hour fitness centres, among others. These hotels set themselves apart by establishing themselves as the epitome of opulence and comfort.
- The increase in business travel activities is supporting the United States luxury hotel market growth. These activities provide networking opportunities, allow the enhancement of client relationships, encourage cultural exchange, and promote professional development, among others.
- The expansion of the travel and tourism sector due to increasing disposable incomes is providing lucrative growth opportunities to the market. The elevated spending capabilities of the regional population allows them to splurge on extravagant vacations and hotels that offer world class facilities, including high quality furnishings, multiple activities, and round the clock services, among others.
- The rising requirement for personalised experiences and increasing emphasis on wellness is supporting the market expansion. Luxury hotels offer a plethora of services including wellness and meditation retreats and beauty treatments including facials, massages, and pedicures, among others. The availability of multi-cuisine menus is further bolstering their popularity in the United States.
United States Luxury Hotel Market Report Snapshots
United States Luxury Hotel Market Size
United States Luxury Hotel Market Trends
United States Luxury Hotel Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 32.08 billion in 2024.
The market is projected to grow at a CAGR of 5.6% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 52.59 billion by 2034.
The major market drivers include expansion of the travel and tourism sector and rising incorporation of cutting-edge technologies by chain hotels including customised concierge services, mobile check-ins, and smart room control, among others.
The key trends fuelling the growth of the market include increase in business travel activities and rising requirement for personalised experiences.
The major regions in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The significant categories include chain and independent.
The key players in the market are Rosewood Hotel Group, Four Seasons Hotels Limited, Hyatt Hotels Corporation, Marriott International, Inc., Accor SA, Intercontinental Hotels Group PLC, Hilton Worldwide Holdings Inc., Rancho Valencia Resort & Spa, Auberge Resorts LLC, and The Ritz-Carlton Hotel Company, L.L.C., among others.
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India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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