According to Cognitive Market Research, The Global Luxury Hotel market size is USD 130.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 11.80% from 2023 to 2030.
The demand for Luxury hotels is a growing trend in experiential travel.
Demand for personalized itinerary planning and priority reservations in the Luxury Hotel market.
The business hotels and upscale category held the highest Luxury Hotel market revenue share in 2023.
North America will continue to lead, whereas the European Luxury Hotel market will experience the most substantial growth until 2030.
