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Report

United States Luxury Hotel Market Report and Forecast 2024-2032

Market Report I 2024-02-14 I 150 Pages I EMR Inc.

United States Luxury Hotel Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States luxury hotel market reached a value of USD 32.08 billion in 2023. Aided by the enduring allure of luxury accommodations, the market is projected to further grow at a CAGR of 5.6% between 2024 and 2032 to reach a value of USD 52.59 billion by 2032.
Luxury hotels in the United States are distinguished by their sumptuous accommodations, bespoke services, and exclusive amenities that cater to the discerning preferences of their guests. These establishments are often landmarks of architectural elegance, offering a blend of heritage and contemporary design, and are located in prime urban and resort destinations. From personalised concierge services to gourmet dining experiences and state-of-the-art wellness facilities, luxury hotels are synonymous with exceptional quality and memorable stays.
The resurgence of the United States luxury hotel market growth is driven by several key factors, including the growing affluence of domestic and international travellers seeking unique and personalised travel experiences. The market's growth is further fuelled by the increasing demand for wellness tourism, with luxury hotels investing in comprehensive wellness centres, spa services, and health-oriented programming to attract health-conscious travellers.
Moreover, technological advancements have become a significant growth driver, with luxury hotels leveraging technology to enhance guest experiences through digital check-ins, personalised room settings, and augmented reality tours, among other innovations. The emphasis on sustainable and eco-friendly practices is also attracting environmentally conscious guests, compelling luxury hotels to adopt green initiatives and sustainable operations.
The United States luxury hotel market outlook is being influenced by the emergence of innovative concepts that cater to evolving guest expectations. These include themed luxury hotels offering immersive experiences, boutique luxury establishments highlighting local culture and art, and ultra-luxury accommodations that redefine opulence with exclusive villas and private island resorts. Additionally, luxury hotels are increasingly incorporating smart room technology for customised comfort, alongside virtual reality experiences that allow guests to explore destinations and experiences within and beyond the hotel premises.
According to the United States luxury hotel market analysis, the market is characterised by its geographic diversity, with significant demand in major cities such as New York, Los Angeles, Miami, and Las Vegas, as well as in scenic destinations like Hawaii, the Florida Keys, and the Napa Valley. The regional distribution reflects varying guest preferences, from urban luxury retreats to serene beachfront and countryside resorts.
Market Segmentation
The market can be divided based on type, category, and region.
Market Breakup by Type
- Business Hotels
- Suite Hotels
- Airport Hotels
- Resorts
- Others
Market Breakup by Category
- Chain
- Independent
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States luxury hotel market. Some of the major players explored in the report by Expert Market Research are as follows:
- Rosewood Hotel Group
- Four Seasons Hotels Limited
- Hyatt Hotels Corporation
- Marriott International, Inc.
- Accor SA
- Intercontinental Hotels Group PLC
- Hilton Worldwide Holdings Inc.
- Rancho Valencia Resort & Spa
- Auberge Resorts LLC
- The Ritz-Carlton Hotel Company, L.L.C.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Luxury Hotel Market Overview
8.1 Key Industry Highlights
8.2 North America Luxury Hotel Historical Market (2018-2023)
8.3 North America Luxury Hotel Market Forecast (2024-2032)
8.4 North America Luxury Hotel Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Luxury Hotel Market Overview
9.1 Key Industry Highlights
9.2 United States Luxury Hotel Historical Market (2018-2023)
9.3 United States Luxury Hotel Market Forecast (2024-2032)
10 United States Luxury Hotel Market by Type
10.1 Business Hotels
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Suite Hotels
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Airport Hotels
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Resorts
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 United States Luxury Hotel Market by Category
11.1 Chain
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Independent
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Luxury Hotel Market by Region
12.1 New England
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Mideast
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Great Lakes
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Plains
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Southeast
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Southwest
12.6.1 Historical Trend (2018-2023)
12.6.2 Forecast Trend (2024-2032)
12.7 Rocky Mountain
12.7.1 Historical Trend (2018-2023)
12.7.2 Forecast Trend (2024-2032)
12.8 Far West
12.8.1 Historical Trend (2018-2023)
12.8.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Rosewood Hotel Group
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Four Seasons Hotels Limited
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Hyatt Hotels Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Marriott International, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Accor SA
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Intercontinental Hotels Group PLC
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Hilton Worldwide Holdings Inc.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Rancho Valencia Resort & Spa
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Auberge Resorts LLC
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 The Ritz-Carlton Hotel Company, L.L.C.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Others
15 Key Trends and Developments in the Market

List of Key Figures and Tables
1. North America Luxury Hotel Market: Key Industry Highlights, 2018 and 2032
2. United States Luxury Hotel Market: Key Industry Highlights, 2018 and 2032
3. United States Luxury Hotel Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Luxury Hotel Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Luxury Hotel Historical Market: Breakup by Category (USD Billion), 2018-2023
6. United States Luxury Hotel Market Forecast: Breakup by Category (USD Billion), 2024-2032
7. United States Luxury Hotel Historical Market: Breakup by Region (USD Billion), 2018-2023
8. United States Luxury Hotel Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. United States Luxury Hotel Market Structure

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