Luxury Hotels

Luxury hotels suffered a strong impact with the drastic reduction in the flows of international tourists. For the first time in 97 years, Copacabana Palace, the most emblematic of Brazilian luxury hotels, temporarily closed its doors in 2020 due to…

Luxury hotels saw a considerably different performance in 2021 when compared with 2020. While in 2020, as the pandemic spread rapidly through the country, there were hard lockdowns and overall restrictions during most of the year, in 2021 there was a…

Although the entire hospitality industry, including luxury hotels, endured 2020 with hopes for strong recovery of inbound tourism in 2021 due to the postponement of the Tokyo Olympic and Paralympic Games, this never came to fruition, as the Games…

After having been among the areas of the Turkish luxury goods market worst affected by the initial impact of COVID-19 in 2020, luxury hotels saw current value sales rebound strongly in 2021. The improvement in the category’s performance was…

The emergence of the pandemic in South Africa led to double-digit declines for luxury hotels in 2020, followed by a further drop in sales in 2021. Interprovincial and international restrictions due to various lockdowns to stop the spread of the…

The Philippine Government has used both luxury and non-luxury hotels as quarantine facilities for returning Filipinos and foreign visitors (with only non-leisure travellers allowed amongst foreign visitors). Many Filipino expatriates were either…

With international travel disrupted for most of 2020, value sales in luxury hotels fell by more than a half in 2020. Foreign visitors are the main consumer base for luxury hotels in Poland, and with international travel curtailed, there was only a…

While value sales are expected to register a significant jump in value sales in 2021, compared with 2020, value sales are still expected to be below the levels reached before the pandemic. While society has opened up, for the most part, there is…

Luxury hotels experienced a particularly sharp decline in retail current value sales in 2020 as tourism in France was severely restricted. From March 2020, luxury hotels suffered during the three months of the first national lockdown. Even after the…

Luxury hotels continued to be adversely impacted by COVID-19 restrictions in Australia in 2021. With restrictions easing in the second half of 2020 and first half of 2021 there was a peak in bookings from international tourists, believing they would…

In 2020 there was a substantial decline in demand for luxury hotels in Indonesia as travel restrictions, specifically the ban on inbound arrivals, and large-scale social restrictions in response to the COVID-19 pandemic undermined the ability of…

Domestic leisure travel has seen strong recovery in 2021, even though international travel is still strictly regulated. China’s tourism industry demonstrated particularly strong recovery during the Labour Day Holiday in May, which was the first long…

As a result of the COVID-19 pandemic, many luxury hotels have been forced to close as they have been unable to survive the drastic decline in inbound tourism. However, the closure of some hotels is not wholly down to the pandemic. The Tourism Bureau,…

2021 has seen a return to growth in luxury hotels sales in the Mexican market. However, sales have not yet returned to the levels seen before the outbreak of COVID-19. The health crisis hit luxury hotels hard in 2020 as it resulted in a dramatic fall…

Malaysia’s strict lockdown regulations resulted in low hotel occupancy at the beginning of 2020. Some hotels were considered as essential services and were allowed to operate during the Movement Control Order (MCO) enacted between 18 March and 4 May…

Luxury hotels were drastically impacted by COVID-19 restrictions in 2020 with the category seeing its value sales decrease by two thirds of the previous year’s sales. Luxury hotels are very popular for business travellers in Romania, which led to a…

After value sales more than halving in the first year of the pandemic, 2021 saw a muted recovery as the peak tourism season from June to August was again heavily impacted by travel restrictions and COVID-19 safety measures. The closure of the…

The emergence of the pandemic in India has meant that luxury hotels have been unable to rely solely on room occupancy, as tourist inflow for leisure and business has been significantly reduced. This has been more relevant for business hotels in urban…

During the first quarter of 2021, most luxury hotels in Spain remained closed due to COVID-19 restrictions. However, Madrid was an exception to this, as its regional government took a somewhat more libertarian approach than its counterparts in the…

The restrictions placed on international visitors by the Singapore government in order to contain the outbreak of COVID-19 severely impacted the travel industry, including hotels. This was particularly the case for luxury hotels, which rely heavily…