“Ever heard of Residential Concierge” ? Imagine having high-end hotels level service but right now where you live-permanently ! Yash Patel let us get familiar with the concept of Residential Concierge which is new and unique in the luxury market. Imagine the luxury and convenience of a hotel concierge, but in your own home. Yash shared his insights on how this emerging profession is transforming luxury residential living and redefining personal service. This new trend blends comfort, convenience & personalized assistance right in your permanent home. Whether it’s arranging personal services or handling day-to-day requests, a residential concierge enhances everyday living in a way that’s normally reserved for guests at luxury hotels. Could this be the future of high-end living ? Stay tuned to get more updates on this latest developments & trends in the luxury industry. #luxurylifestyle
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List your home with Stay In Luxury and experience the care of a luxury hotel. Our team ensures your home is looked after while delivering great returns. Get in touch to start earning from your property. Go to our website for more information https://loom.ly/7LXPAMs #StayInLuxury #ListYourHome #LuxuryLiving #PropertyManagement
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Luxury and upscale #hotels die younger. In the US, the average property age at the time of permanent closure of a luxury #hotel is 33 years, while for the economy and midscale chains, it is 41 years. This difference represents an 8-year gap between these two segments. The simplicity of economy and midscale hotels makes them less susceptible to changes in guest preferences and design trends. #hoteldataconf #nashville #hotelinvestment #hoteldevelopment.
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One of the green shoots in the development space for this year going into next year appears to be the hotel space. Both the rates and occupancy rates have been increasing. There are also a number of new developments popping up in the hotel space, particularly in the luxury hotel space. There will be increasingly new opportunities both in new developments but also upgrades of existing hotels. Below is an article from earlier this year discussing the increased optimism in the space. https://lnkd.in/gSZG-6z8
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Sustainability is not just a trend—it's a necessity, especially in luxury hotels. By embracing eco-friendly practices, luxury hotels can offer unparalleled experiences while preserving our planet for future generations. 🌍✨ Follow iNPLASS for more insights on how sustainability is transforming the hospitality industry and how you can lead the way. #sustainability #luxuryhotels #hospitalitytech #inplass
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𝐕𝐞𝐧𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐮𝐥𝐬𝐞 The Venice hotel market has experienced a significant surge in fundamentals post-pandemic. The upscale and luxury segments have recovered most of their pre-pandemic occupancy levels, with average rates increasing by 40%. However, hotel supply remains stagnant, and several properties show severe signs of aging. This gap between actual and potential performance has allowed some luxury brands to acquire and reflag iconic assets. Nevertheless, the market's barriers to entry remain formidable. Noteworthy transactions have been few in recent years, and greenfield developments are limited due to a lack of buildable land. Additionally, local authorities are trying to manage overtourism by restricting hotel conversions in the city center. Can Venice leverage its improved market fundamentals to revitalise and modernise its hotel offering? #HotelInvestment #TourismRecovery #Paris #MarketResearch #Hospitality HVS Europe
Venice Market Pulse
hvs.com
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It's not just about the size—boutique hotels are defined by their unique character, personalized experiences, and distinctive design. While many assume a hotel under 100 rooms is automatically "boutique" the reality goes far beyond room count. In this video, I break down the key elements that separate boutique hotels from the rest 🌟 Whether you're developing in #Dubai or #SaudiArabia, or anywhere globally, understanding these nuances can elevate your project and attract discerning travelers. 🎥 Watch now and share your thoughts! What do you think truly defines a boutique hotel? #HotelDevelopment #BoutiqueHotels #DubaiRealEstate #KSAHospitality #TravelAndTourism #HotelTrends #LuxuryTravel #UAEHospitality #SaudiVision2030 #HotelDesign #Viverehospitality Vivere Hospitality
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In the past twenty years, there has been a continuous growth in European luxury hotel stays, fueled by a strong increase in demand following the pandemic. Luxury hotel owners have responded to this growing demand by raising their room rates, leading to a significant rise in Average Daily Rates (ADRs), especially in major cities like London, where prices have seen a surge of up to 38% since the pandemic. This trend has also resulted in a wave of expansion across Europe, with luxury brands strategically securing new locations through asset-light management contracts to take advantage of the changing market dynamics. Savills has compiled data on new openings from select luxury hotel providers such as Mandarin Oriental, Four Seasons, and Belmond. It is projected that between 2023 and 2028, there will be a 52.8% increase in the existing luxury hotel stock in Europe, adding around 4,000 new rooms. Prior to the pandemic, the industry had been experiencing an average annual growth rate of around 2.6% over the five years. Learn more:
Why are luxury hotels and resorts in Europe booming?
savills-share.com
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In the past twenty years, European luxury hotels have seen a steady rise in popularity, thanks to a strong increase in demand following the pandemic. To meet this demand, luxury hotel owners have decided to raise their prices, leading to record-breaking Average Daily Rates (ADRs) in cities like London, where rates have gone up by 38% since the pandemic. This has resulted in a wave of expansion across Europe, with luxury brands securing new locations through management contracts to take advantage of the changing market trends. Savills has compiled data on new luxury hotel openings from providers such as Mandarin Oriental, Four Seasons, and Belmond. Between 2023 and 2028, we anticipate a 52.8% increase in luxury hotel rooms in Europe, adding around 4,000 new rooms. Prior to the pandemic, the industry saw an average annual growth rate of 2.6%. See more:
Why are luxury hotels and resorts in Europe booming?
savills-share.com
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In the past twenty years, European luxury hotels have seen a steady rise in popularity, thanks to a strong increase in demand following the pandemic. To meet this demand, luxury hotel owners have decided to raise their prices, leading to record-breaking Average Daily Rates (ADRs) in cities like London, where rates have gone up by 38% since the pandemic. This has resulted in a wave of expansion across Europe, with luxury brands securing new locations through management contracts to take advantage of the changing market trends. Savills has compiled data on new luxury hotel openings from providers such as Mandarin Oriental, Four Seasons, and Belmond. Between 2023 and 2028, we anticipate a 52.8% increase in luxury hotel rooms in Europe, adding around 4,000 new rooms. Prior to the pandemic, the industry saw an average annual growth rate of 2.6%. See more:
Why are luxury hotels and resorts in Europe booming?
savills-share.com
To view or add a comment, sign in
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In the past twenty years, European luxury hotels have seen a steady rise in popularity, thanks to a strong increase in demand following the pandemic. To meet this demand, luxury hotel owners have decided to raise their prices, leading to record-breaking Average Daily Rates (ADRs) in cities like London, where rates have gone up by 38% since the pandemic. This has resulted in a wave of expansion across Europe, with luxury brands securing new locations through management contracts to take advantage of the changing market trends. Savills has compiled data on new luxury hotel openings from providers such as Mandarin Oriental, Four Seasons, and Belmond. Between 2023 and 2028, we anticipate a 52.8% increase in luxury hotel rooms in Europe, adding around 4,000 new rooms. Prior to the pandemic, the industry saw an average annual growth rate of 2.6%. See more:
Why are luxury hotels and resorts in Europe booming?
savills-share.com
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