From brands like Fendi and Dior to retailers like Saks and The Webster, everyone's setting up shop in fancy hotels this summer.
Guests with plenty of cash have an ardent desire to travel and experience hotels, especially at the luxury end, but revenge trips and pent-up demand will dissipate quickly if hotels fail to tell a story and service and experience do not meet expectations.
Higher leisure travel demand during the pandemic sent hotel rates soaring across all segments of the market, and luxury chains led the pack.
Luxury hotels across Europe have made an about-face and are back to producing profit at the almost same rate as 2019, according to data from HotStats. It’s an extraordinary turn of events for a sector that saw its gross operating profit per available room (GOPPAR) plummet during the dark days of the global pandemic, hitting a historical low of-€43.21 in May 2020.
At first, I was shocked. Then, oddly flattered. A man I had never met until this day, standing at the bar in a foreign country, fleetingly and mid-conversation, dropped in a fact about me that he could have only known had he read a blog post I wrote in 2015.
Based in Hong Kong, Gordon Oldham is a UK-trained lawyer who has recently created his own hotel group.
What’s in a name? A luxury hotel by any other name is still luxurious, right? No longer, it seems, in today’s hospitality industry.
When the rich and famous head to Paris, there are a select few addresses that their chauffeur-driven cars whisk them to. These are the Palace hotels, the crème de la crème of its luxury hotels scene, which used to be seven and but are soon to be fourteen.
Kempinski Hotels has announced plans to expand its portfolio of luxury hotels in Africa. With two new properties opened in Kenya in 2013, Kempinski looks to add five more hotels to its African portfolio in the next year.
Africa is the new jewel of international hotel investments. In the black continent 191 new first-class and luxury hotels with around 39,800 rooms arise in the next years.