Global Luxury Hotels Market Driven by Booming Tourism, Forecast to Reach US$195.27 Billion by 2021
Thanks to the booming tourism and travel sector, the luxury hotels market is all set to expand, driven by booming tourism. As per recent market research reports, in 2014, the luxury hotels market had a valuation of US$148.62 billion and is expected to be valued at US$195.27 billion by 2021. Surging demand for luxury living is expected to stimulate the global luxury hotels market to expand at a CAGR of 4.0% over a period of six years, i.e. from 2015...
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