More Guests Are Seeking “Affordable Luxury”

    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.