An industry worth $53 billion by 2033.

Thanks to the increase in the purchasing power of wealthy travellers, the development of tourism and the attractiveness of each region of the continent between opulent cities and renowned natural landscapes, the luxury hotel market in Europe continues to attract tourists from around the world.

Valued at $33 billion in 2024, the European luxury hotel market is expected to have a bright future ahead of it. According to Research And Markets, the sector is expected to reach $53 billion by 2033, i.e. a compound annual growth of +5.3% as of this year. While this growth is "driven by the development of tourism, the increase in purchasing power and the demand for high-end experiences" according to the report, several trends also explain this flourishing trajectory.