While luxury hotels may have once been reserved for the wealthiest guests, an increasing number of customers with large disposable incomes are looking to stay at these high-end properties. Guests now have greater access and information to book luxury travel without paying premiums, and an “affordable luxury” segment is emerging as a result. By 2030, households with more than $300,000 in disposable income are projected to increase from 1.5 percent to 3.1 percent of the population—outnumbering high-net-worth individuals and presenting more opportunities for hotels to tap into a growing market. To read more, click here.
