Even though luxury hotels has suffered from intermittent COVID-19 travel restrictions, opportunities still exist, due to consumers’ pent-up demand and the pursuit of a relaxing getaway. It has been observed that consumers are not comparing prices and trying to find the most affordable hotel at their destination.
With increasing disposable incomes and rising demand for leisure trips, luxury hotels has a positive outlook for the forecast period. The domestic travel market is expected to recover, as lockdowns are gradually lifted and hotels gradually reopen, and family and friends resume leisure travel.
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Understand the latest market trends and future growth opportunities for the Experiential Luxury industry in China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Experiential Luxury
This is an aggregation of Luxury Hotels and Luxury Foodservice.
This report originates from Passport, our Experiential Luxury research and analysis database.
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