Five Star Hotel Market to Surpass USD 150 Billion by 2030, Driven by Rising Luxury Tourism https://dataintelo.com/report/global-five-star-hotel-market The global Five Star Hotel Market is projected to reach USD 150 billion by 2030, growing from USD 98.5 billion in 2023 at a CAGR of 6.5% during the forecast period. This growth is fueled by the increasing demand for luxury tourism, rising disposable incomes, and the expanding middle class globally. The growing trend of high-end travel and the emergence of new luxury destinations further support the market's expansion. Five-star hotels are seen as the epitome of luxury, providing premium services, lavish amenities, and exclusive experiences to travelers. As travel demand increases, particularly in emerging markets, five-star hotels are strategically positioned to capitalize on this growing trend.