Thursday, 8 June 2017

The Global Luxury Hotels Market To 2020 - Supported by growing Tourism and a rise in Affluent Leisure and Business Travelers

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Summary
The global luxury hotel market continued to expand in 2015, supported by growing tourism and a rise in affluent leisure and business travelers. Rising disposable incomes in areas China and India, the presence of rich corporate culture, and a growth in the number of international events are expected to drive the growth in future. China is the largest market for luxury hotels with room supply of 337,212 in 2015, followed by the US and Mexico, while Saudi Arabia was the fastest growing market at a CAGR of 12.5%. With the exception of Turkey, no European countries made into top-10 list in 2015. In terms of occupancy rate, Asian countries led the race with Japan (93.6% in 2015) at the top, followed by Hong Kong and Singapore. Egypt (US$317 in 2015) topped the list in terms of RevPAR, followed by Hong Kong and France.

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Key Findings
- In 2015, Thailand was the fastest-growing market in terms of number of guests received in luxury hotels in the Asia-Pacific. After registering a steep decline in international arrivals in 2014 following the political unrest in the country, Thailands inbound tourism posted strong growth in 2015, as there was stability in the political domain. Inbound trips grew by 20% in 2015. Thailand is also the second-largest market in terms of luxury room supply in Asia.
- Considering the rise of the tourism in Asia-Pacific, hoteliers are planning to expand in the region. According to United Nations World Tourism Organization (UNWTO), overall, the region saw 277 million international arrivals in 2015 and 9% growth in the first four months of 2016. This growth has led the InterContinental Hotels Group (IHG) Plc to plan expansions in the region by adding new luxury hotel chains, either by developing its own brand or by acquiring a competitor. IHG is considered the third largest hotel operator in Asia after Jin Jiang International Holdings Co. and Accor SA, in terms of the number of rooms, with a total capacity of almost 128,000 rooms.
- Turkey, the only European market among the top-10 list is expected to record a huge fall in occupancy rates. Occupancy in luxury hotels decreased from 54.3% in 2015 to 47.5% in 2016 due to a decline in international arrivals as the country witnessed a series of terror attacks, rising security concerns after the Arab Spring, and the ongoing crisis in Syria.

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Table of Contents

1 Global Luxury Hotel Market - Key Trends and Issues
2 Global Luxury Hotels - Deals
3 Global Luxury Hotels KPIs - the Americas
3.1 The Americas - number of luxury hotel establishments (2011-2020)
3.2 The Americas - number of rooms in luxury hotels (2011-2020)
3.3 The Americas - room occupancy rate in luxury hotels (2011-2020)
3.4 The Americas - number of rooms nights available in luxury hotels (2011-2020)
3.5 The Americas - number of rooms nights occupied in luxury hotels (2011-2020)
3.6 The Americas - average room revenue per available room in luxury hotels (2011-2020)
3.7 The Americas - average room revenue per occupied room in luxury hotels (2011-2020)
3.8 The Americas - average total revenue per available room in luxury hotels (2011-2020)
3.9 The Americas - total room revenue of luxury hotels (2011-2020)
3.1 The Americas - total non-room revenue of luxury hotels (2011-2020)
3.11 The Americas - total revenue of luxury hotels (2011-2020)
3.12 The Americas - number of guests in luxury hotels (2011-2020)
4 Global Luxury Hotels KPIs - Asia-Pacific
4.1 Asia-Pacific - number of luxury hotel establishments (2011-2020)
4.2 Asia-Pacific - number of rooms in luxury hotels (2011-2020)
4.3 Asia-Pacific - room occupancy rate in luxury hotels (2011-2020)
4.4 Asia-Pacific - number of rooms nights available in luxury hotels (2011-2020)
4.5 Asia-Pacific - number of rooms nights occupied in luxury hotels (2011-2020)

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