More folks experience luxury travel to invest in the self. Travelers crave a different kind of luxury these days, as more hotels offer the five-star experience. They arent looking at the number of stars anymore, nor do they desire to frequent the places that celebrities tend to go. Tourist traps are out, and authentic, experiential luxury travel is in.
MGM Resorts Received Approximately $162 Million
The Indian Hotels Company (IHCL), last week announced a major expansion of Taj Bangalore, adding 220 guest rooms along with additional facilities. The hotel opened its doors in December 2015 with 154 rooms.
Figures released in July pointed to 2019 being another boom year for the industry, with tourist arrivals during the first six months 20% higher than the same period last year. Hoteliers have continued to report exceptionally high occupancy during the remainder of the summer, particularly in the countrys burgeoning luxury market.