Over the past five years, the Luxury Hotels industry has had its ups and downs. The onset of the global financial crisis caused a downturn in guest numbers, with the effects lingering into 2009-10. Occupancy for the overall hotel sector fell to about 63.0% in the June quarter of 2009, down from an averages of 70.0%. Despite this, the Luxury Hotels industry is expected to have fared better than other hotel segments. This is partly due to rising inbound tourism from Asia, which has kept many luxury hotels away from the chopping blocks as cashed-up tourists have flocked to luxury destinations across Australia.
This industry includes high-end luxury hotels that are mostly rated five stars, although a number of four-star hotels are also positioned as luxury hotels due to their service offerings.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.