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Luxury Business Will Continue to Boom, Says Report

Luxury is on the rise, according to Transparency Market Research’s newly published market report, “Luxury Hotels Market–Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2021.” The global luxury hotels market was valued at $148.62 billion in 2014 and is ...

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Orient-Express Hotels to Launch Belmond Brand

Orient-Express Hotels to Launch Belmond Brand

HAMILTON, Bermuda—Orient-Express Hotels announced that its board of directors has approved a proposal to operate the company’s collection of luxury hotels and travel experiences under a new brand name, Belmond, effective March 10. “Extending our global brand presence by having ...

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Waldorf Astoria Opens in Beijing

Waldorf Astoria Opens in Beijing

BEIJING—Hilton Worldwide and Waldorf Astoria Hotels and Resorts announced the opening of Waldorf Astoria Beijing, marking the second Waldorf Astoria hotel in China. The luxury hotel features 176 guestrooms and suites, three unique restaurants, including Peacock Alley, Brasserie 1893, and ...

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Historic Watch Hill Inn to Open as Boutique Hotel

Historic Watch Hill Inn to Open as Boutique Hotel

WATCH HILL, R.I.—Ocean House Management (OHM), operators of the Ocean House and Weekapaug Inn in Westerly, R.I., and Watch Hill Properties (WHP), announced the formation of a joint endeavor to renovate and reposition the Watch Hill Inn into a luxury, ...

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Peabody Hotels to Transition to Management Focus

Peabody Hotels to Transition to Management Focus

MEMPHIS, Tenn.—Belz Enterprises announced that it has established Peabody Hotels and Resorts, a hotel and resort management venture that will leverage the ongoing success of the Peabody brand. The Memphis, Tenn.-based company is moving into asset/brand management within the luxury ...

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