Luxury Hotel Market Business Trends, Emerging Growth 2030

Luxury Hotel Market was worth US$ 101.38 Bn. in 2023 and total revenue is expected to grow at a rate of 5.1 % CAGR from 2024 to 2030, reaching almost US$ 143.61 Bn. in 2030. Luxury Hotel Market Overview: Developing tourism & corporate industries through several regions, increasing disposable income, growing standard of living of individuals, & increase in preference for leisure travel are anticipated to push the market. The increase in buying power & standard of living are some of the significant influences accountable for attracting consumers toward luxury resorts. As more currency is being added into the economy, demand for luxury places for business events & leisure tours is rising.