Luxury Hotels Market : Overview On Revolutionary Trends 2020-2030
Global Luxury Hotels Market – Overview Set to chart a sturdy growth trajectory over the forecast period, the global luxury hotels market would see a slew of growth opportunities lining its landscape between 2015 and 2021. A number of trends and drivers will help it chart this robust growth rate over the forecast period. It is important to note here that an increase in disposable income and an aspirational middle class are major factors underscoring growth in the market. Some of the prominent factors that are shaping up the way market operates over the forecast period are: The millennial population is majorly into travel and tourism for meeting cultural needs, reasons of personal growth, and peer pressure. As they take to travelling with an enthusiasm never seen before, market for luxury hotels will see an upward growth curve. Branding and marketing holds much sway in the market landscape, contributing positively to the growth of the market as a service hungry demograp...