The global luxury hotel market size is predicted to value at USD 115.80 billion by 2025. The market is subject to undergo a substantial growth due to the rising personal expenditure in both developed and developing countries, growing preference towards international and local tourism, and numerous initiatives and advertisement by regional government to promote ...

According to a new report published by Allied Market Research, titled, The luxury hotel market was valued at $15,535 million in 2015, and is projected to reach $20,442 million by 2022, growing at a CAGR of 4.0% from 2016 to 2022. The business hotels segment accounted for around 42% of the total market revenue in 2015. ...