LUXURY HOTELS MARKET ANALYSIS
Key Players
Major companies operating in the global luxury hotels market include The Indian Hotels Company Limited, InterContinental Hotels Group plc, Rosewood Hotels & Resorts, Oberoi Hotels & Resorts, Naman Retreat, Jumeirah International LLC, Shangri-La International Hotel Management Ltd., Hyatt Hotels Corporation, Accor S.A, Hilton Hotels & Resorts, and Marriott International, Inc.
Large hotel chains are adopting various strategies such as expansions, and mergers & acquisitions, in order to maintain their competitive position in the global luxury hotel market. For instance, in Novermber 4, 2019, JW Marriott, a part of Marriott International, Inc., announced about the opening of JW Marriot Maldives resorts and spa in Vagaru Island, Maldives.
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