United States Luxury Hotel Market Expected to Reach USD 43.9 Billion by 2033 - IMARC Group

February 10, 2025 | Retail

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United States Luxury Hotel Market Statistics, Outlook and Regional Analysis 2025-2033

The United States luxury hotel market size was valued at USD 27.1 Billion in 2024, and it is expected to reach USD 43.9 Billion by 2033, exhibiting a growth rate (CAGR) of 5.5% from 2025 to 2033.

United States Luxury Hotel Market

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A shift in hotel brand architecture is reshaping the market, with companies diversifying their offerings into multiple categories. This approach seeks to accelerate growth, increase profits, and align resources with changing guest and owner demands. For example, in January 2025, Hyatt Hotels Corporation indicated an impressive pipeline of over 138,000 rooms as of 2024. To increase owner returns, accelerate development, and better satisfy the needs of guests, customers, and partners, the firm is restructuring its brand structure into five categories, i.e., luxury, lifestyle, inclusive, classics, and essentials.

Moreover, luxury hotel portfolios are growing through strategic acquisitions of boutique hotels from well-known collections. These enhancements are becoming available on major hotel chains' direct booking sites, increasing ease and offering visitors more high-end reservation alternatives. For instance, in July 2024, Hilton expanded its luxury portfolio by incorporating over 400 boutique properties across recognized Small Luxury Hotels of the World (SLH) group. These properties readily available on direct booking systems by Hilton, that include the Hilton Honors app and Hilton.com. Furthermore, luxury hotels in the US are focused more on improving guest experiences using advanced technologies, sustainability, and innovative designs. As part of this growing trend, many hotels are incorporating smart room technologies, energy-efficient systems, and eco-friendly building materials that meet the changing demands of luxury tourists. By 2030, the sector hopes to lower energy use by 30% through improved operating procedures. This corresponds with federal measures aimed at improving energy efficiency in the hotel industry. Also, the trend toward health and personalized experiences continues to fuel development. For example, Four Seasons Resort and Residences Jackson Hole provides a variety of health programs, including yoga retreats, as well as culinary choices that include sustainable and locally produced cuisine. These improvements demonstrate the sector's adaptability to shifting customer demands and environmental concerns.

United States Luxury Hotel Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West. The expanding tourism activities due to a robust economy and rising disposable incomes in various regions of the US are significantly driving the growth of the market. Additionally, the integration of innovative technology, including smart room systems and personalized guest experiences, boosts the growth of the market.

Northeast Luxury Hotel Market Trends:

The market in the Northeast is embracing sustainability. For example, the New York Edition in Manhattan uses energy-efficient systems, water-saving technology, and environmentally friendly architectural materials. This tendency contrasts with other regions, such as the South, which values historic charm and southern hospitality. Guests in the Northeast are increasingly prioritizing eco-friendly solutions alongside luxury, distinguishing it from other parts of the US.

Midwest Luxury Hotel Market Trends:

Luxury hotels in the Midwest combine contemporary with regional artistry and innovation. The Kimpton Gray Hotel in Chicago combines contemporary design with local art and culture. Unlike the West's emphasis on wellness or the South's concentration on historical preservation, the Midwest prefers to combine sleek and modern design with local artistic expressions, appealing to customers looking for a sophisticated yet distinct regional experience.

South Luxury Hotel Market Trends:

Luxury hotels in the South emphasize tradition and Southern charm. The Ritz-Carlton, New Orleans, is a great example since it occupies an old bank building with a rich history and provides guests with a feeling of local tradition. This tendency contrasts with the Midwest's emphasis on modern design and the West's health getaways, while Southern hotels provide a timeless combination of luxury and cultural heritage, distinguishing them in the market.

West Luxury Hotel Market Trends:

The West is characterized by luxury resorts that combine health and technology-driven experiences. The Ranch Malibu in California provides an all-inclusive health retreat complete with workout classes, fresh food, and a technology-free atmosphere. This expanding trend of merging luxury with health stands out from the South's heritage-driven goods and the Northeast's focus on sustainability, making it unique in the industry.

Top Companies Leading in the United States Luxury Hotel Industry

Some of the leading United States luxury hotel market companies have been mentioned in the report. Hotels are adopting advanced tech solutions to boost guest satisfaction and streamline operations for sustained growth. For example, in December 2024, HTL Hotels successfully incorporated Shiji ReviewPro, which improved guest communication and satisfaction. This adoption enables automated and personalized messaging, which increases guest satisfaction, efficiency, and direct reservations. The platform improves feedback management, resulting in faster reaction and issue resolution.

United States Luxury Hotel Market Segmentation Coverage

Based on the type, the market has been segmented into business hotels, airport hotels, suite hotels, resorts, and others. Business hotels offer convenience, comfort, and productivity to corporate travelers throughout their stay. Airport hotels are convenient for travelers with short stays or layovers. Suite hotels offer plenty of room with separate living and sleeping areas, boosting comfort and private space. Resorts cater to high-income guests by providing luxury lodgings, unique facilities, picturesque settings, wellness, adventure, and personalized experiences.
Based on the room type, the market is categorized into luxury, upper-upscale, and upscale. The luxury sector reflects the highest level of service, facilities, and exclusivity. The upper-upscale segment offers high-quality services and products, with accommodations slightly below luxury standards. Upscale hotels provide high-quality accommodations at a lower cost than luxury or upper-upscale facilities.
Based on the category, the market has been divided into chain and independent. Chains assure stability, dependability, and brand familiarity. Independent luxury hotels distinguish themselves by providing unique and personalized experiences modified to their clients' distinct likes and preferences.

Report Features	Details
Market Size in 2024	USD 27.1 Billion
Market Forecast in 2033	USD 43.9 Billion
Market Growth Rate 2025-2033	5.5%
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Type Room Type Category Region
Types Covered	Business Hotels, Airport Hotels, Suite Hotels, Resorts, Others
Room Types Covered	Luxury, Upper-Upscale, Upscale
Categories Covered	Chain, Independent
Regions Covered	Northeast, Midwest, South, West
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)

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United States Luxury Hotel Market Expected to Reach USD 43.9 Billion by 2033 - IMARC Group

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