Developers rush to create upscale properties in Asia, Middle East and USA
Luxury travel is booming again, two years after the segment was declared all but dead. Even as the global economy slowly crawls its way back out of recession, luxury travel is growing again in earnest. This can especially be seen in the hotel industry. Developers are rushing to parts of Asia and the Middle East to develop new upscale properties.
St Regis will open seven new properties this year, including Yalong Bay and Tianjin in China. Anantara Hotels, Resorts & Spas will open nine, all of them situated across Asia and the Middle East. Fairmont, Ritz-Carlton and Six Senses are also aggressively expanding their portfolios.
Meanwhile luxury brands are stepping into key US and European cities. Carlson, for example, has announced that it is entering the luxury market together with Rezidor’s brand Hotel Missoni.
Travel Weekly blog World of Luxury
[pictured: St Regis Hotel Vancouver]