1、Global Research Hotels&Hospitality|May 2023The Evolution of Global Luxury H2Evolution of Global Luxury HospitalityThe global luxury hospitality industry is undergoing a transformation.Once considered a relatively niche portion of the broader lodging industry,luxury hotels have exploded in tandem wit
2、h rising global wealth and consumers increased prioritization on immersive experiences.Resultantly,the number of luxury hotel brands and supply have increased by more than one million rooms over the past 40 years,with investors taking notice as luxury hotels have become an increasingly institutional
3、 investment driven by accelerating fundamental performance and rising yields.Changing consumer preferences have also given rise to new investment opportunities,with traditional luxury hotel brands expanding into non-traditional verticals such as residences,yachts,and private member clubs with the go
4、al of owning the entire travel journey.As the world becomes increasingly connected and travelers seek personalized experiences,look for luxury hospitality to evolve and grow even further.Executive summaryReport title/supporting copy3Evolution of Global Luxury HospitalityKey takeawaysGrowth in worldw
5、ide wealth vaults luxury travel to new heightsGlobal luxury hotel rates accelerate in tandem with growing demandLuxury hotels comprise an increasingly large share of global hotel supplyThe growth of stealth wealth has given rise to ultra-luxury hotels Institutional investors gravitate towards luxury
6、 hotels underpinned by rising yieldsLuxury hotels can transform a destination:spotlight on Costa Rica,Madrid,and the Maldives123456412.013.714.715.416.518.118.019.620.822.5$-$10$20$30$40$50$60$70$80$90$10005101520252012201320142015201620172018201920202021Global HNW wealth(in trillions)Number of HNWI