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Wealthy Millennials Changing Luxury Travel

According to FutureCast, nearly one quarter of U.S. adults making more than $500,000 per year are millennials. That’s good news for hotel brands, who have been targeting the demographic due to its collective love of travel, with nearly 80 percent of ...

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Wealthy Women Boosting Luxury Travel Market

With a rise in the number of women with an ultra-high net worth (think millionaires and billionaires), the luxury travel industry is receiving a bump. These high-earning women are driving a rise in luxury health and wellness holidays and women-only ...

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Luxury Segment Remains Among Healthiest in Industry

Luxury Segment Remains Among Healthiest in Industry

All is well in the U.S. luxury hotel segment. For the first 11 months of 2015, chain affiliated luxury hotels sold over 27 million room nights, resulting in 76.3 percent occupancy. This is the highest year-to-date occupancy ever recorded, pointing ...

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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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