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

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

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

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  • 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. View This Report View More Reports from this Publisher
  • 5. About Us MarketResearch.com provides market research solutions to business professionals seeking to enhance their business goals. We provide a number of business intelligence solutions, from individual market research reports from over 700 leading global publishers, to Knowledge Centers where clients can discover deeper business insight products into a topic over time. Or perhaps your business needs a much wider view across multiple industries and topics, if so, our Profound solution allows you to select specific parts (graphs, tables, charts or sections) from different market research reports. Our Account Managers have in-depth knowledge of the publishers and the various types of reports in their respective industries. They give you unbiased and qualitative insights on which reports will best meet your needs. If you are interested in expanding your business or growing your market share, contact us to get a free Consultation to Assess your Market Research Needs. We can help tailor a solution that suits your unique business goals. One of our Account Managers will get right back in touch with you.
  • 6. For More on this Report and Additional Research Visit MarketResearch.com Or call 1-800-298-5699