Luxury Hotels (5-star plus)

One of the key weaknesses for Taiwan remains its heavy reliance on China as a source for arrivals. Taiwan experienced a rapid and substantial drop in the numbers of group tourists from China in 2016 and 2017 due to the Chinese government’s strained ...

Luxury hotels underperformed in 2017, as demand from business travellers, comprising the bulk of its clientele, weakened as companies tightened their travel budgets amidst global economic fluctuations. In addition, receipts from leisure travellers ...

The predicted growth in retail value sales of luxury hotels (5-star plus) is likely to come from fast-growing areas in tourism, such as meetings, incentives, conferences and exhibitions. More high-profile events are expected to take place in the ...

Although this category remains small it is expected to continue growing rapidly as the country is benefiting from a rise in international travellers. The number of upscale travellers has been rising and more overseas visitors are willing to spend on ...

Thailand is a popular destination for tourists who flock to the country’s areas of natural beauty, featuring mountains and beaches, as well as cultural attractions like palaces and temples. It is also well known for its shopping opportunities, fine ...

Luxury hotels registered slow growth in 2017. Travel demand amongst US consumers was healthy, supported by consumer confidence in terms of willingness to travel. Consumers are trading up from mid-market brands to affordable luxury brands. On the ...

Turkey's important tourism industry is being negatively affected by the fallout from growing domestic instability. Terrorist attacks, an attempted coup and eroding democracy have contributed to a decline in tourists to this once-popular destination. ...

The “luxury lifestyle” concept continues to grow in popularity, recently being embraced by two new Autograph Collection Hotels – The Majestic Hotel Kuala Lumpur and Hotel Stripes Kuala Lumpur. Hotel Stripes Kuala Lumpur incorporates a unique blend of...

Luxury hotels in the country have a longstanding presence in the Philippines but most are located too far from the national airport in Manila. However, the review period witnessed a spur of luxury hotels just minutes away from the airport, which ...

In Sydney, the luxury segment achieved a lower occupancy rate compared to Melbourne, but due to a higher average daily room rate, performed better in value terms. The stronger results in Sydney can be attributed to the strength of the market and the ...

International luxury trips grew significantly faster globally than non-luxury trips over the review period. Italy, for this type of tourist, is a leading destination in Europe. The most important inflow of tourists is from the US, with China in ...

According to the Hong Kong Tourism Board, total tourist arrivals as of October 2017 witnessed stable growth, while Mainland Chinese tourist numbers were marginally higher versus the same period in 2016. The latter was also the first rebound after a ...

While luxury hotels have been around in India for quite some time, most are located quite far from international airports. However, the review period saw the building of a number of luxury hotels just minutes away from international airports and ...

Luxury hotels in Japan posted growth in 2017, thanks to the growing number of international tourists and increased interest in luxury travel. According to Japan Tourism Agency, the number of both domestic and international travellers increased in ...

Spain is in the top 10 countries in the world with the highest number of 5-star plus hotels, and its number will continue growing. At the end of 2017, the new Seven Pines Resort Ibiza is set to open in Ibiza. The geopolitical instability of ...

Indonesia is one of the biggest tourist destinations in South East Asia and has become one of the targets for luxury hotels. In 2016, only around 10 luxury hotels were developed in the country, by international hotel chains such as Ritz Carlton and ...

Luxury hotels saw single-digit, but positive growth despite the economic slowdown in 2017. This is because the Dubai and Abu Dhabi governments followed by other Emirates worked to boost tourism. This means the hotels continued to be booked by local ...

Spending by Russian tourists continued to decline in 2017 off the back of the country’s recession in 2015 and 2016, albeit there were signs of a recovery. This saw Russia’s share of value sales within luxury hotels decline further, while countries ...

South African hotels are visited by both domestic and international travellers. However, the high price of luxury hotels very often makes them accessible only to a niche group of local travellers, ie high income earners and the wealthy. The weaker ...

Mexico's tourism intensified due to the interest from international and national tourists which, in turn, increased investment by major hotel firms. According to the Bank of Mexico, tourism grew 9%, and Mexico is expected to receive USD5 billion in ...