Luxury Hotels Market Receives Major Boost with Number of Globetrotters on the Rise
Luxury hotels across the globe have become a rather common sight, with leading architects, designers, builders, businessmen, and celebrities outdoing themselves to provide travelers the experience of a lifetime. Luxury hotels are viewed as both an escape from home and daily routine as well as a temporary home while travelling on business or leisure. A report by Transparency Market Research pegs the value of the global luxury hotels market at US$148.62 billion in 2014, which is projected to grow to US$195.27 billion by 2021, registering a modest CAGR of 4.0% during the report’s forecast period of 2015 to 2021. Browse the full Global Luxury Hotels Market Report : http://www.mrrse.com/luxury-hotels-market Flourishing Travel and Tourism Industry Propelling Luxury Hotels Market Listed below are some of the major forces driving the global luxury hotels market: · Recovering economies and rise in disposable ...