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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in the United Kingdom

Jan 2020

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Luxury hotels benefit from Brexit uncertainty

The fluctuating pound value as a result of Brexit allowed for an increase in the number of tourists, particularly from the US, France, and Japan and Russia, which led to strong revenue growth in luxury hotels in 2018. As Brexit continues to create economic and political uncertainty, local consumers are opting for luxury staycations rather than going abroad.

Luxury hotels impacted by experiential luxury demand

The wider luxury industry, including luxury hotels, is becoming more and more focused on attracting younger consumers as they are expected to be main growth drivers of the industry. As these consumers focus on self-optimisation and transformation mentally, emotionally and physically, their priorities are increasingly shifting from “owning” to “being” and well-spent leisure-time has become more of a necessary indulgence.

The importance of Instagram and digital booking platforms

Social media has become an important factor in the development of experiential luxury, as millennials in particular use Instagram to share their holiday or leisure time experiences of beautiful scenery, décor and food items with their friends. Furthermore, as more purchase pathways are facilitated online, and as the number of luxury hotel rooms booked via online platforms continues to grow, the ease with which a consumer can find and book a room online becomes increasingly important.

COMPETITIVE LANDSCAPE

Accor UK Ltd takes the lead

Accor UK Ltd took the lead in luxury hotels in the UK in value terms in 2018. The company increased its share in the UK over the review period, due to growth in its MGallery and Fairmount Hotels, despite a decline in the value shares of its Sofitel hotels, ahead of its closest competitor, Marriott International Inc.

LVMH expands further into hotels

LVMH is impacting the luxury hotel landscape as it moves more into experiential luxury with its purchase of Belmond in 2019, a luxury hospitality company with a portfolio of hotels, cruise ships and trains. Belmond’s holdings are second to none, allowing for it to lead against competitors such as the Four Seasons and Rosewood hotels.

Brexit uncertainty could signal slowing of luxury hotel growth

Luxury hotels in the UK saw positive growth because of an increasing number of tourists who were attracted by the weakened pound as a result of the Brexit vote and the ongoing uncertainty caused by the Brexit negotiations. The unfavourable exchange rate also persuaded consumers to spend holidays at home, which they would have otherwise spent abroad.

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Overview

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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Hotels (5-star plus) industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Hotels (5-star plus) industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in United Kingdom market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Hotels (5-star plus) in United Kingdom?
What are the major brands in United Kingdom?
What is the rate of development for chained hotels vs independent hotels?
How are luxury hotels performing compared to mid-priced and budget hotels?
Is there an increase in hostels and campsites?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Travel and Tourism market research database

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Luxury Hotels in the United Kingdom - Category analysis

HEADLINES

PROSPECTS

Luxury hotels benefit from Brexit uncertainty

Luxury hotels impacted by experiential luxury demand

The importance of Instagram and digital booking platforms

COMPETITIVE LANDSCAPE

Accor UK Ltd takes the lead

LVMH expands further into hotels

Brexit uncertainty could signal slowing of luxury hotel growth

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2014-2019
Table 2 Sales in Luxury Hotels: % Value Growth 2014-2019
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2014-2019
Table 4 NBO Company Shares in Luxury Hotels: % Value 2014-2018
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2015-2018
Table 6 Forecast Sales in Luxury Hotels: Value 2019-2024
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2019-2024

Luxury Goods in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY

Luxury grows despite uncertainty

The priority for luxury brands is to appeal to millennials and Gen Z

Demand for experiences shows no sign of slowing down

Luxury brands recognise the importance of online engagement

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2014-2019

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2014-2019
Table 10 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 12 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 13 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 15 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024

Megatrends

Country Report

Luxury Hotels in the United Kingdom

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Luxury hotels benefit from Brexit uncertainty

Luxury hotels impacted by experiential luxury demand

The importance of Instagram and digital booking platforms

COMPETITIVE LANDSCAPE

Accor UK Ltd takes the lead

LVMH expands further into hotels

Brexit uncertainty could signal slowing of luxury hotel growth

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in the United Kingdom - Category analysis

HEADLINES

PROSPECTS

Luxury hotels benefit from Brexit uncertainty

Luxury hotels impacted by experiential luxury demand

The importance of Instagram and digital booking platforms

COMPETITIVE LANDSCAPE

Accor UK Ltd takes the lead

LVMH expands further into hotels

Brexit uncertainty could signal slowing of luxury hotel growth

CATEGORY DATA

Luxury Goods in the United Kingdom - Industry Overview

EXECUTIVE SUMMARY

Luxury grows despite uncertainty

The priority for luxury brands is to appeal to millennials and Gen Z

Demand for experiences shows no sign of slowing down

Luxury brands recognise the importance of online engagement

MARKET INDICATORS

MARKET DATA

SOURCES

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