Luxury Hotels (5-star plus)

Euromonitor International publishes the world's most comprehensive market research on the luxury hotels industry.  Our reports feature a wealth of standardised and cross-comparable statistics including total market sizes, market share and brand share data, distribution and industry trends.

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Luxury Hotels in South Africa

Mar 2021

Luxury hotels saw a double-digit current value decline in 2020. Interprovincial and international restrictions due to the COVID-19 lockdown to stop the spread of the virus led to a reduction in the travel and tourism industry, which was limited to ...

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Luxury Hotels in India

Feb 2021

Luxury hotels has seen plummeting sales in retail current value terms in 2020, with a stronger negative impact than any other luxury goods category. Due to COVID-19, India was under complete lockdown from the end of March until the end of May, which ...

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Luxury Hotels in Malaysia

Feb 2021

Malaysia’s strict lockdown regulations resulted in low hotel occupancy in the beginning of 2020. Some hotels were considered as essential services, and were allowed to operate during Movement Control Order (MCO) enacted between 18 March and 4 May. ...

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Luxury Hotels in South Korea

Jan 2021

There were no hotel closures during the COVID-19 outbreak. From late August, which saw a surge in cases following the 3-day holiday over 15-17 of that month, hotel buffets were included as one of the places where people were considered particularly ...

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Luxury Hotels in Australia

Jan 2021

International travel bans as a result of the pandemic greatly impacted bookings for luxury hotels. In an attempt to control the spread of COVID-19, Australia introduced a ban on the arrival of all non-citizens or permanent residents from 20 March ...

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Luxury Hotels in Hong Kong, China

Jan 2021

Hotels that accepted compulsory 14 day quarantine for inbound travellers had higher occupancy rates in 2020 than those that did not, which suffered from very low occupancy rates of around 10%. Five star hotels such as Renaissance Hong Kong Harbour ...

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Luxury Hotels in Canada

Jan 2021

For luxury hotels in Canada, 2020 can be regarded essentially as a lost year due to the global travel industry being the worst affected by the COVID-19 pandemic and effectively coming to a halt. Luxury hotels are highly dependent on travel and both ...

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Luxury Hotels in Indonesia

Jan 2021

2020 saw a substantial decline in demand for luxury hotels in Indonesia as travel restrictions, specifically the ban on inbound arrivals, and large-scale social restrictions in response to the COVID-19 pandemic undermined the ability of hoteliers to ...

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Luxury Hotels in Sweden

Jan 2021

Unlike most other countries, Sweden did not implement a strict lockdown, except for a ban on gatherings of more than 50 people that was introduced on 29 March (except for schools and workplaces). The Swedish government relied instead on the good ...

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Luxury Hotels in Switzerland

Jan 2021

Luxury hotels is set to be the most heavily impacted category within luxury goods in 2020. Sales value will more than halve over the course of the year, despite government efforts to relax restrictions on travel and reopen the economy. The single ...

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Luxury Hotels in the Philippines

Jan 2021

Given the strong growth in sales for luxury hotels in 2019, many operators had planned new openings for 2020, largely focusing on offering high-class experiences to guests. However, the COVID-19 pandemic and related international and domestic ...

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Luxury Hotels in Japan

Jan 2021

In the two years prior to the pandemic, the category widely benefited from stable domestic tourism and fast-growing inbound tourism. However, 2020 was expected to be a particularly important year for the industry as the Tokyo Olympic and Paralympic ...

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Luxury Hotels in Taiwan

Jan 2021

As a result of the COVID-19 pandemic, many luxury hotels have been forced to close as they have been unable to survive the drastic decline in tourism. However, the closure of some hotels is not entirely contributable to the pandemic. Towards the end ...

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Luxury Hotels in Argentina

Jan 2021

Most of the luxury hotels in Argentina are in the city of Buenos Aires, which has been the area most hit by COVID-19. Therefore, these hotels have been closed for business the longest, causing them to experience considerable losses in revenue....

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Luxury Hotels in France

Jan 2021

Luxury hotels experienced a particularly sharp decline in retail current value sales in 2020 as tourism in France was severely restricted. From March, luxury hotels suffered during the two to three months of national lockdown. Although hotels were ...

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Luxury Hotels in Germany

Jan 2021

In 2020, the luxury hotels landscape recorded a decline of double-digit figures, due to a lack of international guests, for leisure and also for business travel. Furthermore, during the lockdown from March 2020, all hotels had to close their doors, ...

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Luxury Hotels in Poland

Jan 2021

Luxury hotels were hugely affected by COVID-19, with value sales falling by a half. The hotels were forced to close for six weeks during the strict lockdown and when they did open up again, occupancy rates were well below average and a lot of ...

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Luxury Hotels in Spain

Jan 2021

Spain entered a national lockdown in March 2020 which lasted for three months. The strict lockdown measures were eventually lifted after three months, however a large percentage of luxury hotels in the country remained closed as a result of the ...

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Luxury Hotels in Turkey

Jan 2021

As in other countries around the world, the COVID-19 pandemic severely impacted the tourism industry in Turkey in 2020, including luxury hotels. Ongoing uncertainty around changing travel restrictions meant that many consumers were wary of making ...

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Luxury Hotels in the Netherlands

Jan 2021

The environment for luxury hotels in 2020 went in an opposite direction to what was expected at the beginning of the year as a result of the COVID-19 pandemic. Luxury hotels experienced steep decline in demand fuelled by border closures leading to a ...

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