Research

The evolution of global luxury hospitality

Growth in worldwide wealth vaults luxury travel to new heights resulting in an acceleration of global luxury hotel demand and increased investor interest

May 15, 2023
Contributors:
  • Zach Demuth
  • Ophelia Makis
  • Jessica Jahns
  • Marina Bracciani

The 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 with 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 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 goal 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.

Fill out this form to download report

There was an error submitting the form. Please try again.

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.