Luxury hotels are becoming increasingly dynamic. Through location, service, and hotel features, they cater to wealthier consumers' sophisticated tastes and demands.
Across the forecast period, consumers will showcase a rising willingness to pay more for high-level experiences, with an ongoing migration away from goods to experiences and services, fuelling the expansion of the luxury hotel market. Retail current value sales are projected to reach RON723 billion by 2029, bolstered by the ongoing demand for luxury experiences.
While luxury hotels will continue to expand, luxury food service sales will remain negligible across 2024-2029. This is heavily impacted by the lack of footfall in luxury cafés and restaurants, which are often located in hotels.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in Romania 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 Romania, 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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