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.
Categories
- Luxury Goods
- Designer Apparel and Footwear (Ready-to-Wear)
- Experiential Luxury
- Fine Wines/Champagne and Spirits
- Luxury Eyewear
- Luxury Foodservice
- Luxury Hotels (5-star plus)
- Luxury Jewellery
- Luxury Leather Goods
- Luxury Portable Consumer Electronics
- Luxury Timepieces
- Luxury Writing Instruments and Stationery
- Personal Luxury
- Premium and Luxury Cars
- Super Premium Beauty and Personal Care
Filters
Country Report
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 ...
Country Report
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 ...
Country Report
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. ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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....
Country Report
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 ...
Country Report
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, ...
Country Report
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 ...
Country Report
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 ...
Country Report
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 ...
Country Report
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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