Experiential luxury is projected to continue performing well over the forecast period with steady value growth at constant 2024 prices. The gradual recovery of the global economy should boost inbound tourism thus driving demand for luxury hotels.
There is a growing trend towards eco-friendly, responsible tourism and sustainably luxury with travellers looking for luxury hotels that have a positive impact on nature and the local environment and local communities. Even though quality and comfort will remain the key focus of guests, activities to mitigate the ecological impact of hotels will likely become key selling points.
Despite various new hotels being planned to open in Switzerland over the forecast period, many of them are not from within the luxury segment of the market, albeit they are still high-end lifestyle and business hotels such as the Mercure Zurich City, the Zleep-Hotel, or the Revier Hotel Neuhausen. This does however indicate an expected further improvement in the travel and tourism market, which should also benefit experiential luxury.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Switzerland with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Experiential Luxury industry in Switzerland, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
See all of our definitionsThis report originates from Passport, our Experiential Luxury research and analysis database.
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