North America Luxury Hotel Market 2033

North America Luxury Hotel Market Size, Share, Trends and Forecast by Service Type, and Country, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A28650

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North America Luxury Hotel Market Overview:

The North America luxury hotel market size reached USD 30.48 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 41.87 Billion by 2033, exhibiting a growth rate (CAGR) of 3.60% during 2025-2033. The North America luxury hotel market share is expanding due to rising high-net-worth individuals, increasing demand for personalized and wellness-focused experiences, technological advancements in hospitality, growing preference for sustainable tourism, strategic brand expansions, premium service offerings, and strong post-pandemic travel recovery driving occupancy and revenue growth.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 30.48 Billion
Market Forecast in 2033	USD 41.87 Billion
Market Growth Rate (2025-2033)	3.60%

North America Luxury Hotel Market Trends:

Growth of Experiential Travel and Customization

In the North American luxury hotel market, experiential travel has emerged as a major trend, with affluent travelers seeking unique, tailor-made experiences. Hotels are increasingly offering customized packages that include immersive cultural activities, exclusive access to local attractions, and personalized services like private chefs or curated tours. For instance, a survey released on January 27, 2025 by TravelBoom Hotel Marketing found that leisure travel decisions are heavily influenced by elements like price, flexibility, and personalized local experiences. The U.S. Travel Association projects that domestic leisure travel would increase by 3.9%, reaching USD 1 trillion in 2025 and USD 1.46 trillion by 2028. According to important data, 28% of travelers are searching for less expensive accommodations, 72% support flexible cancellation policies, and 56% want personalized travel options. The demand for bespoke experiences is fueled by travelers’ desire to engage more deeply with destinations. This shift is driving luxury hotels to innovate in designing memorable, one-of-a-kind stays that go beyond just accommodation, elevating the overall guest experience, which in turn is creative a positive imoact on the North America luxury hotel market outlook.

Integration of Sustainable and Eco-Friendly Practices

Sustainability plays a significant role in the North American luxury hotel market growth, with high-end establishments adopting eco-friendly practices to attract conscious consumers. For instance, On February 4, 2025, Miami's Acqualina Resort & Residences announced that it had earned Forbes Travel Guide's Responsible Hospitality VERIFIEDTM distinction for two years in a row. Acqualina is one of just 32 properties globally to be recognized with this esteemed environmental certification. The resort's dedication to sustainable methods and responsible hospitality is highlighted by its Responsible Hospitality VERIFIEDTM distinction. Luxury hotels are focusing on energy-efficient operations, zero-waste initiatives, and eco-friendly amenities like organic toiletries, sustainable linens, and locally sourced food. This green shift is aligned with consumer demand for environmental responsibility. Hotels are increasingly seeking certifications such as LEED (Leadership in Energy and Environmental Design) to signal their commitment to sustainability, meeting both ethical standards and the growing eco-consciousness of luxury travelers.

Rise of Wellness-Focused Hospitality

The wellness trend is gaining momentum in North America's luxury hotel market as guests prioritize mental, physical, and emotional well-being. For instance, on May 2, 2024, Marriott International revealed that its upscale Caribbean resorts are expanding their selection to satisfy the rising demand for travel experiences with a wellness focus. To accommodate guests looking for holistic well-being while visiting, these resorts are launching custom wellness features like spa services, individualized fitness plans, and nutritious food selections. By offering opulent lodgings that put guests' health and wellbeing requirements first, Marriott is demonstrating its dedication to spearheading the fitness and wellness tourism industry. Hotels are integrating holistic health offerings, including state-of-the-art spas, yoga retreats, fitness centers, and wellness cuisine. Many luxury establishments now feature specialized wellness programs such as detoxification retreats, mindfulness sessions, and personalized fitness regimes. With wellness becoming a key component of the luxury experience, hotels are increasingly investing in spa facilities, fitness equipment, and wellness-focused amenities to cater to health-conscious travelers seeking relaxation and rejuvenation.

North America Luxury Hotel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on service type.

Service Type insights:

Business Hotel
Airport Hotel
Suite Hotels
Resorts
Others

The report has provided a detailed breakup and analysis of the market based on the service type. This includes business hotel, airport hotel, suite hotels, resorts and others.

Country Insights:

United States
Canada

The report has also provided a comprehensive analysis of all the major regional markets, which include United States and Canada.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

North America Luxury Hotel Market News:

On December 4, 2024, Hyatt Hotels Corporation, in an effort to meet the increasing demand for luxury travel, stated that it would open more than 50 luxury and lifestyle hotels globally by 2026. Since 2017, the company has increased the number of luxury rooms in its portfolio and added 28 hotels in the last three years. Miraval the Red Sea, the brand's international debut, is one of the noteworthy, anticipated openings. It is scheduled for late 2025.
On September 5, 2024, Wyndham Hotels & Resorts announced that The Mining Exchange, a 128-room hotel in downtown Colorado Springs, would open, marking the launch of its Registry Collection Hotels brand in the US. Modern conveniences including a full-service spa, several on-site dining options, and an art gallery called The Vault are all available at this recently remodeled hotel. A short distance away, visitors can also check out neighboring sights like the U.S. Olympic & Paralympic Museum.

North America Luxury Hotel Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Service Type Country
Service Types Covered	Business Hotel, Airport Hotel, Suite Hotels, Resorts, Others
Countries Covered	United States, Canada
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the North America luxury hotel market performed so far and how will it perform in the coming years?
What is the breakup of the North America luxury hotel market on the basis of service type?
What is the breakup of the North America luxury hotel market on the basis of ?
What are the various stages in the value chain of the North America luxury hotel market?
What are the key driving factors and challenges in the North America luxury hotel?
What is the structure of the North America luxury hotel market and who are the key players?
What is the degree of competition in the North America luxury hotel market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the North America luxury hotel market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the North America luxury hotel market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the North America luxury hotel industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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