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Marriott Ramps Up Luxury Hotel Openings in 2020

Matild Palace, a Luxury Collection Hotel, Budapest - Marriott Luxury Hotels
Bethesda, Md. — Marriott International is projected to open more than 30 luxury hotels in 2020, including several in the United States. The company currently has more than 185 luxury properties in its signed global development pipeline. Marriott is the latest hotel company where luxury hotel development is ramping up. Earlier this week, Hyatt announced plans to open more than...

Hyatt to Open More Than 20 New Luxury Hotels by the End of 2020

Andaz Dubai The Palm - Hyatt luxury hotels
CHICAGO — Hyatt Hotels Corporation expects to open more than 20 new luxury hotels and resorts by the end of 2020, boosting its luxury portfolio. The additions include new properties under the Park Hyatt, Andaz, Alila, Grand Hyatt, Miraval, and The Unbound Collection by Hyatt brands. The planned 2020 U.S. hotel openings include Andaz Palm Springs, Calif.; Grand Hyatt Nashville,...

Are Luxury Hotels Worth the Cost?

Luxury hotels
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August 2019, STR reports that just 0.7 percent of the hotels (2.3 percent of rooms) in the United States are chain-affiliated luxury hotels. Concurrently, the STR pipeline report shows that 1.2 percent of the properties (2.9...

Lisa Holladay: Luxury Branding Guru

Lisa Holladay
It perhaps should come as no surprise that a girl who studied literature and Shakespeare and briefly aspired to a career in the theater would end up in the rarefied world of luxury hotels and international travel. That describes Lisa Holladay, global brand leader for The Ritz-Carlton & St. Regis Hotels & Resorts, who “found herself” in luxury branding,...

Number of U.S. Luxury Hotels To Top 1,123 by 2022

GlobalData - Luxury Hotels
The United States will be home to 1,067 luxury hotels by the end of 2019. This is expected to increase to 1,123 by 2022 at a compound annual growth rate (CAGR) of 1.7 percent, driven by increasing numbers of Chinese tourists, according to data and analytics company GlobalData. GlobalData’s latest report finds that although this growth is not expansive, it...