Luxury Hotels

States Transparency Market Research, Inc.

Transparency Market Research Digital technologies and online booking facilities are expected to drive demand for luxury hotels in the market. Wilmington, Delaware, United States, Dec. 14, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – Globally, luxury hotels generated revenue of US$ 193.5 billion in 2020. From 2021 to 2031, the industry is expected to increase at a CAGR of 6.2%. The global luxury hotel market is expected to reach US$ 304.6 billion by 2031. A significant role is played by changing consumer preferences. In modern travel, experiences are often more important than possessions, and luxury hotels offer a wide… Read More
Luxury Hotels

Hilton to More Than Double Its Luxury Hotel Footprint in Asia Pacific

From today’s Daily Lodging Report newsletter: Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, Indiaand other countries for the first time as part of its plans to open 25 new luxury hotels in the Asia Pacific region over the next few years. That’s up from the 33 luxury hotels it currently runs in the Asia Pacific. In 2027, Hilton will open India’s first Waldorf in Jaipur, the capital of the state of Rajasthan. Hilton has a management agreement with the Dangayach Groupwhich… Read More