The Global Luxury Hotels Market – Key Trends and Opportunities to 2017 By Timetric

1. The Global Luxury Hotels Market – Key Trends
and Opportunities to 2017
Timetric
Report Highlight

2. Synopsis
The report provides detailed market analysis, information and insights, including:
Historic and forecast revenue for the global luxury hotels market covering 40 countries
Detailed region wise (Americas, Asia-Pacific, Europe, Middle East & Africa) analysis of luxury hotel key
performance indicators such as the number of luxury hotel establishments, number of available luxury rooms,
luxury room occupancy rate, average revenue per available luxury room and average total revenue per available
luxury room for the review (2008-2012) and forecast (2013-17) periods
Analysis of the global luxury travel market and the present scenario in the luxury hotel construction industry
Detailed analysis of the market trends in emerging luxury hotel markets such as in the BRIC countries (Brazil,
Russia, India and China)
Summary
The global luxury travel market recorded strong growth in 2011–2012, after a significant decline in 2009 and
modest recovery in 2010. One of the key drivers of this growth was the increasing number of high net worth
individuals (HNWIs) globally, primarily in the BRIC countries. This growth in global luxury travel is expected to
continue over the forecast period to 2017.
Scope
This report provides an extensive analysis related to the global luxury hotels market: Market size for the 40 major
countries comprising the global luxury hotel market for 2008–2012, along with forecast figures for 2013–2017.
Luxury hotel key performance indicators in these countries with values for both the 2008–2012 review period
and the 2013–2017 forecast period

3. Key Highlights
The global luxury travel market recorded strong growth in 2011–2012, after a significant decline in 2009 and
modest recovery in 2010. One of the key drivers of this growth was the increasing number of high net worth
individuals (HNWIs) globally, primarily in the BRIC countries (Brazil, Russia India and China). This growth in global
luxury travel is expected to continue over the forecast period to 2017.
Luxury hotel companies around the world are expected to focus on achieving operational efficiency, reducing
spending on customer services that offer little value, developing the use of mobile technology, and targeting
high-value customers. Luxury hotel companies are increasingly using mobile technology to enhance value and
transforming how they interact with customers. In 2012, leading luxury hotel brands had mobile websites and
offered mobile applications.
Most leading global luxury hotel chains are based in the US, and the country is also the largest source market in
the global luxury hospitality sector. Cities in the US are among the leading, and fastest-growing tourism
destinations. For instance, Washington DC is one of the fastest-growing global tourism destinations, while New
York is among the largest in terms of inbound tourist volumes. Other cities that continue to report good growth
in the travel and accommodation industries include Chicago, San Francisco and Los Angeles.
During the review period, the luxury hospitality sector in the Asia-Pacific region faced major challenges. Natural
disasters in 2011, including the earthquake in Japan in March and unprecedented floods in Thailand, led to an
overall decline in the performance of the hotel market in the region. Major economies in the Asia-Pacific region
have recorded economic slowdowns over the past two years. Despite these challenges, the luxury hospitality
industry in the Asia-Pacific region registered a significant growth of 18% in 2010 and 11% in 2011.

4. About the Publisher
Timetric is an independent economic and business research firm providing critical
intelligence on emerging economies and key global industries. We provide detailed
economic and sector intelligence, business insights and authoritative, independent
commentary.
Timetric’s flagship products are economic and industry intelligence centers, which are
premium decision tools that provide access to comprehensive research and expert
analysis. They provide invaluable decision support presented in easily digestible formats
and grounded in deep research.
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