Europe Luxury Hotel Market Size (2024 - 2029)

The Europe Luxury Hotel Market is poised for growth, with its market size expected to expand significantly over the forecast period. Despite the challenges posed by the COVID-19 pandemic, the industry has demonstrated resilience and is set to recover and thrive. Europe, with its rich cultural heritage, offers a diverse array of luxury accommodations, from historic restorations to modern hotels equipped with the latest amenities. Key cities like Paris, London, Rome, and Barcelona continue to be prime destinations, attracting travelers seeking exceptional experiences and services. The demand for experiential travel has led luxury hotels to enhance their offerings with unique culinary, cultural, and wellness experiences. Additionally, sustainability has become a crucial focus, with many hotels adopting eco-friendly practices to attract environmentally conscious guests.

Home Market Analysis Hospitality and Tourism Research Hospitality Research Luxury Hospitality Research Europe Luxury Hotel Market Market Size

Market Size of Europe Luxury Hotel Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Europe Luxury Hotel Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 35.36 Billion
Market Size (2029) USD 45.45 Billion
CAGR (2024 - 2029) 5.14 %
Market Concentration Low

Major Players

Europe Luxury Hotel Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Europe Luxury Hotel Market Analysis

The Europe Luxury Hotel Market size is estimated at USD 35.36 billion in 2024, and is expected to reach USD 45.45 billion by 2029, growing at a CAGR of 5.14% during the forecast period (2024-2029).

The European luxury hotel market is a thriving industry, offering high-end accommodations to discerning travelers. While the COVID-19 pandemic significantly impacted the industry, the luxury hotel market has shown resilience. It is expected to recover and continue to grow in the coming years. With a rich history and cultural heritage, Europe boasts a wide range of luxury hotels. From historic properties that have been meticulously restored to modern, cutting-edge hotels that offer the latest in amenities and technology, there is no shortage of options for travelers seeking a luxurious experience. Key European destinations such as Paris, London, Rome, and Barcelona remain focal points for luxury hospitality, attracting discerning guests seeking unparalleled experiences, world-class amenities, and exceptional service.

Moreover, the rise of experiential travel has fueled the demand for unique and immersive experiences, prompting luxury hotels to innovate and diversify their offerings. This includes curated culinary experiences showcasing local cuisine, bespoke cultural tours, and wellness retreats tailored to promote relaxation and rejuvenation. Sustainability has also emerged as a key focus area for luxury hotels in Europe, with many establishments implementing eco-friendly practices and initiatives to minimize their environmental footprint and appeal to socially conscious travelers.

Europe Luxury Hotel Industry Segmentation

A luxury hotel is a hotel offering its visitors a luxurious lodging experience. High-paying customers are often accommodated in luxury hotels, and high-quality services and food are expected. 

The European luxury hotel market is segmented by service type (business hotels, airport hotels, holiday hotels, and resorts and spas) and geography (Italy, Germany, Spain, France, Switzerland, the United Kingdom, and the Rest of Europe). The report offers market size and forecasts for the European luxury hotel market in value (USD) for all the above segments.

By Service Type
Business Hotels
Airport Hotels
Holiday Hotels
Resorts & Spa
By Geography
Italy
Germany
Spain
France
Switzerland
United Kingdom
Rest of Europe
Need A Different Region Or Segment?
Customize Now

Europe Luxury Hotel Market Size Summary

The European luxury hotel market is a vibrant sector characterized by its high-end accommodations and rich cultural heritage. Despite the challenges posed by the COVID-19 pandemic, the industry has demonstrated resilience and is poised for continued growth. Europe offers a diverse array of luxury hotels, from historic properties to modern establishments equipped with the latest amenities. Key cities such as Paris, London, Rome, and Barcelona remain central to luxury hospitality, attracting travelers seeking exceptional service and unparalleled experiences. The demand for experiential travel has led luxury hotels to innovate, offering unique culinary experiences, bespoke cultural tours, and wellness retreats. Sustainability has become a significant focus, with many hotels adopting eco-friendly practices to appeal to environmentally conscious travelers.

Sustainability is increasingly influencing the European luxury hotel market, affecting brand positioning, operations, and guest experiences. Hotels are implementing eco-friendly initiatives to reduce their environmental impact, such as using sustainable building materials and obtaining green certifications. This trend extends to guest experiences, with many hotels offering sustainable dining options and promoting local producers. Additionally, the integration of smart technologies is transforming the guest experience, with amenities like keyless entry, mobile check-ins, and personalized in-room controls becoming more prevalent. The competitive landscape features major players like Accor, Best Western, Intercontinental Hotels & Resorts, Belmond, and Marriott International Inc., who are leveraging technological advancements and strategic partnerships to attract discerning travelers.

Explore More

Europe Luxury Hotel Market Size - Table of Contents

  1. 1. MARKET INSIGHTS & DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Disposable Income

      2. 1.2.2 Rising Tourism and Travel Trends

    3. 1.3 Market Restraints

      1. 1.3.1 Increased Competition from Alternative Accommodation Such as Vacation Rentals

      2. 1.3.2 Stringent Regulations and Taxation Policies

    4. 1.4 Market Opportunities

      1. 1.4.1 Growing Trend of Wellness Tourism

      2. 1.4.2 Increased Digital Transformation

    5. 1.5 Value Chain Analysis

    6. 1.6 Industry Attractiveness: Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Technological Advancements in the Market

    8. 1.8 Impact of COVID-19 on market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service Type

      1. 2.1.1 Business Hotels

      2. 2.1.2 Airport Hotels

      3. 2.1.3 Holiday Hotels

      4. 2.1.4 Resorts & Spa

    2. 2.2 By Geography

      1. 2.2.1 Italy

      2. 2.2.2 Germany

      3. 2.2.3 Spain

      4. 2.2.4 France

      5. 2.2.5 Switzerland

      6. 2.2.6 United Kingdom

      7. 2.2.7 Rest of Europe

Europe Luxury Hotel Market Size FAQs

The Europe Luxury Hotel Market size is expected to reach USD 35.36 billion in 2024 and grow at a CAGR of 5.14% to reach USD 45.45 billion by 2029.

In 2024, the Europe Luxury Hotel Market size is expected to reach USD 35.36 billion.

Europe Luxury Hotel Market Report Snapshots

Europe Luxury Hotel Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)