The undeniable success of the luxury hotel segment in recent years is due to a combination of favorable factors that nothing appears to be affected for the moment, neither the toughening economic crisis throughout much of Europe, nor the shock to the banking system in 2009, nor the geopolitical instability of several regions around the world. The currently solid performance and development forecasts are reinforced by the regular –or accelerated– growth of well-to-do clientele that appreciate the quality of the properties; by the interest showed in this sector by investors with considerable financial means – sovereign funds and large private fortunes – to improve the offer and create a new one; and by the dynamism of Asian and American groups, that have decided to expand beyond their usual territories.
According to the annual survey by Capgemini and the Banque Royale du Canada, the population of High Net Worth Individuals with disposable revenue of more than one million dollars surpassed the 12 million threshold in 2012, or 9% more than in 2011 and a million new millionaires yearning to spend...
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