Luxury Hotels Market- Changing Lifestyles, Increasing Disposable Income, &Growing Interest in Luxurious Resorts Outlook 2021
Luxury travel is one the fastest growing niche markets, making a serious contribution to sectors such as food and wine and cultural tourism. Statistics show that though the tourism industry has grown at an average rate of 4% every year, the luxury travel industry has surged at a rate of 48% in the past five years. This positive trend indicates that the global luxury hotels market is here to stay, due to changing consumer demands and upgrading of services by...
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