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Country Report

Luxury Hotels (5-star plus) in

Luxury Hotels in the US

Feb 2019

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

Retail value and volume to register growth over the forecast period

Luxury hotels maintained steady current value growth in 2018; a trend which is expected to continue into the forecast period. Consumer demand in the US remained strong, fuelled by the positive economic outlook for the country.

The growth of “bleisure” gives hotels an opportunity to grow their revenues

The business world is ever-evolving, and with it, the way Americans travel professionally. Increased connectivity, coupled with more flexible working hours, have blurred the distinction between professional and personal lives.

“Smart” guest rooms are the future

Luxury hotels are progressively using technology in ways that go beyond online booking and mobile apps. For example, several hospitality giants, including Marriott International and Hilton, are working to create “smart” guest rooms that seamlessly integrate technology into the guest experience.

COMPETITIVE LANDSCAPE

Airbnb moves further into the luxury space

Since its launch in 2008, the economy sharing app Airbnb has been growing in popularity, and as a competitor for the hotel industry. Luxury hotels may face even more competition in future years, as Airbnb is set to launch two new luxury tiers of its product, offering customers the most upscale homes and customised experiences.

Steering away from a formulaic approach

Personalisation is especially important to millennials, who are quickly redefining what “luxury” means. Millennials are more inclined to spend their money on interesting experiences, placing emphasis on indulging in local activities, cuisines and culture.

Investment in wellness sets brands apart

Healthy living has been and continues to be a growing concern for US consumers, and leading players in luxury hotels are keen to incorporate this trend into their portfolios. Hyatt Hotels Corporation made a leap into the wellness space in 2017 with the acquisition of Miraval Group – a leader in wellness hospitality, with a highly-regarded portfolio of both spas and resorts.

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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 USA 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 USA, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Hotels (5-star plus) in USA 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 USA?
What are the major brands in USA?
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 US - Category analysis

HEADLINES

PROSPECTS

Retail value and volume to register growth over the forecast period

The growth of “bleisure” gives hotels an opportunity to grow their revenues

“Smart” guest rooms are the future

COMPETITIVE LANDSCAPE

Airbnb moves further into the luxury space

Steering away from a formulaic approach

Investment in wellness sets brands apart

CATEGORY DATA

Table 1 Sales in Luxury Hotels: Value 2013-2018
Table 2 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 3 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 4 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 5 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 6 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 7 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Luxury Goods in the US - Industry Overview

EXECUTIVE SUMMARY

The taste for luxury goods is changing in the US

Millennialisation and the role of experiences are shifting luxury

The competition varies within luxury goods categories

E-commerce continues to disrupt store-based retailing

Luxury goods is expected to see growth once again

MARKET INDICATORS

Table 8 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Hotels in the US

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Retail value and volume to register growth over the forecast period

The growth of “bleisure” gives hotels an opportunity to grow their revenues

“Smart” guest rooms are the future

COMPETITIVE LANDSCAPE

Airbnb moves further into the luxury space

Steering away from a formulaic approach

Investment in wellness sets brands apart

Overview

Why buy this report?

SAMPLES

Delivery

Overview

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Table of Contents

Luxury Hotels in the US - Category analysis

HEADLINES

PROSPECTS

Retail value and volume to register growth over the forecast period

The growth of “bleisure” gives hotels an opportunity to grow their revenues

“Smart” guest rooms are the future

COMPETITIVE LANDSCAPE

Airbnb moves further into the luxury space

Steering away from a formulaic approach

Investment in wellness sets brands apart

CATEGORY DATA

Luxury Goods in the US - Industry Overview

EXECUTIVE SUMMARY

The taste for luxury goods is changing in the US

Millennialisation and the role of experiences are shifting luxury

The competition varies within luxury goods categories

E-commerce continues to disrupt store-based retailing

Luxury goods is expected to see growth once again

MARKET INDICATORS

MARKET DATA

SOURCES

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