Number of Luxury Hotels in the US to Reach 1,123 by 2022, Says GlobalData

GlobalData | June 25, 2019

The US will have 1,067 luxury hotels by the end of 2019. This is expected to increase to 1,123 by 2022, at a compound annual growth rate (CAGR) of 1.7%, driven by increasing numbers of Chinese tourists, says GlobalData, a leading data and analytics company. GlobalData’s latest report: ‘Destination Market Insights: US’ states that although this growth is not expansive, it showcases the gradually increasing demand from international and domestic source markets for more luxurious offerings within the US. Chinese tourists are a high spending source market and their visitation numbers to the US have been growing rapidly in recent years...