Japan Luxury Hotel Market Overview

Market Statistics

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Size in 2024: USD 7.0 Billion

Market Forecast in 2033: USD 10.0 Billion

Market Growth Rate: 4% (2025-2033)

According to the latest report by IMARC Group, In 2024, the Japan luxury hotel market size reached USD 7.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 10.0 Billion by 2033, exhibiting a growth rate (CAGR) of 4% during 2025-2033. 

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Japan Luxury Hotel Industry Trends and Drivers:

The luxury hotel industry in Japan has undergone a radical transformation in the past few years due to the shifting preferences of the traveler, increased internationalization and renewed emphasis on high-end experience. It is not enough anymore to provide travelers and especially those with more luxurious segments with premium accommodation, rather they want to experience the immersion in the cultures or exclusive services, and properties that correspond to the qualities of Japanese aesthetics and hospitality. Consequently, luxury hotels in Japan are renovating their facilities to combine the past with the present with respect to modern conveniences and ancient beauty. The emphasis on authenticity and exclusivity can be witnessed in the tranquil suited ryokans in Kyoto and the skyline-overlooking pent houses in Tokyo. Moreover, the trend of wellness tourism is one of its engines currently, with the implementation of spas, natural hot springs (onsen), and holistic services to attract sophisticated international tourists into luxury services.

The Japanese luxury hotel industry will continue to be boosted by a strategic approach to high spending tourists in particular international events and increasing inbound tourism in Asia, Europe and North America. Cultural landmarks and major cities are also increasingly experiencing new development concerning the creation of boutique hotels, foreign luxury brands, and exclusive resorts in regions that are not yet developed. Besides transforming the concept of hospitality standards, these developments are also fostering tourism in the regions through highlighting off-beat destinations that are generally discarded by the mainstream tourists. The option to invest in high-tech, sustainability and individual digital services is also increasing satisfaction with the guests. Due to the fact that the Japanese government and the private sector is still promoting tourism with a premium focus, the luxury hotel market is likely to take the form of a more diversified and competing market.

Japan Luxury Hotel Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the Japan Luxury Hotel Market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.

The report has segmented the market into the following categories:

Type Insights:

  • Business Hotels
  • Airport Hotels
  • Suite Hotels
  • Resorts
  • Others

Room Type Insights:

  • Luxury
  • Upper-Upscale
  • Upscale

Category Insights:

  • Chain
  • Independent

Regional Insights:

  • Kanto Region
  • Kansai/Kinki Region
  • Central/ Chubu Region
  • Kyushu-Okinawa Region
  • Tohoku Region
  • Chugoku Region
  • Hokkaido Region
  • Shikoku Region

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Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the Japan Luxury Hotel industry.

  • Accor S.A.
  • Belmond Ltd. (LVMH Moët Hennessy Louis Vuitton)
  • Four Seasons Hotels Limited
  • Mandarin Oriental Hotel Group International Limited
  • Marriott International Inc.
  • Shangri-La International Hotel Management Ltd.

Key highlights of the Report:

  • Market Performance (2019-2024)
  • Market Outlook (2025-2033)
  • COVID-19 Impact on the Market
  • Porter's Five Forces Analysis
  • Strategic Recommendations
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

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