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United States Luxury Hotel Market Size, Share, Analysis: By Type: Business Hotels, Suite Hotels, Airport Hotels, Resorts, Others; By Category: Chain, Independent; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
United States Luxury Hotel Market Outlook
The United States luxury hotel market size reached approximately USD 32.08 billion in 2023. The market is further projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of USD 52.59 billion by 2032.
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 Segmentation
On the basis of type, the market is divided into business hotels, suite hotels, airport hotels, and resorts, among others. Based on category, the market is bifurcated into chain and independent. On the basis of region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States luxury hotel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- 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
- The Ritz-Carlton Hotel Company, L.L.C.
- Others
United States Luxury Hotel Market Share by Type
As per the United States luxury hotel market analysis, business hotels are anticipated to witness significant growth over the forecast period. The increasing popularity of remote jobs and business travel for corporate bonding is supporting the segment growth. The provision of a well-rounded experience to the customers by offering various facilities and services including recreational activities, spas and wellness centres, and multi-cuisine restaurants, among others is further aiding the segment growth.
United States Luxury Hotel Market Share by Category
Chain hotels are anticipated to account for a significant United States luxury hotel market share. The rapid growth of the chain operated luxury hotels can be attributed to the increasing trust and brand recognition among the customers. The availability of standardised services and facilities across chain hotels provides consistency to the travellers, increasing brand loyalty. The segment expansion can also be attributed to the availability of a wide range of benefits including customer loyalty programs and referrals. The increasing incorporation of cutting-edge technologies by chain hotels including customised concierge services, mobile check-ins, and smart room control, among others are further boosting their popularity and propelling the United States luxury hotel market demand.
Competitive Landscape
Rosewood Hotel Group is one of the leading multinational hotel management groups that was founded in 2005 and is headquartered in Hong Kong. The company is dedicated towards ensuring relationship hospitality, by doing so they strive to become the industry leader.
Four Seasons Hotels Limited is dedicated towards enhancing the travel experience of their customers through continual innovation in the hospitality sector. The company was founded in 1961 and is headquartered in Ontario, Canada.
Hyatt Hotels Corporation is one of the leading multinational hospitality companies that franchises and manages business and luxury resorts and hotels and vacation properties. The company was founded in 1957 and is headquartered in Illinois, United States.
Other United States luxury hotel market players include 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Category |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Luxury Hotel Market Overview
8.1 Key Industry Highlights
8.2 North America Luxury Hotel Historical Market (2018-2023)
8.3 North America Luxury Hotel Market Forecast (2024-2032)
8.4 North America Luxury Hotel Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Luxury Hotel Market Overview
9.1 Key Industry Highlights
9.2 United States Luxury Hotel Historical Market (2018-2023)
9.3 United States Luxury Hotel Market Forecast (2024-2032)
10 United States Luxury Hotel Market by Type
10.1 Business Hotels
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Suite Hotels
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Airport Hotels
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Resorts
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 United States Luxury Hotel Market by Category
11.1 Chain
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Independent
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Luxury Hotel Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Rosewood Hotel Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Four Seasons Hotels Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Hyatt Hotels Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Marriott International, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Accor SA
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Intercontinental Hotels Group PLC
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Hilton Worldwide Holdings Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Rancho Valencia Resort & Spa
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Auberge Resorts LLC
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 The Ritz-Carlton Hotel Company, L.L.C.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Luxury Hotel Market: Key Industry Highlights, 2018 and 2032
2. United States Luxury Hotel Market: Key Industry Highlights, 2018 and 2032
3. United States Luxury Hotel Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Luxury Hotel Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Luxury Hotel Historical Market: Breakup by Category (USD Billion), 2018-2023
6. United States Luxury Hotel Market Forecast: Breakup by Category (USD Billion), 2024-2032
7. United States Luxury Hotel Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Luxury Hotel Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. United States Luxury Hotel Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 32.08 billion in 2023.
The market is projected to grow at a CAGR of 5.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 52.59 billion by 2032.
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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