Luxury Hotel Market Expected to Reach $20,442 Million, Globally,by 2022
Luxury Hotel Market Report, published by Allied Market Research, states that the global luxury hotel market was valued at $15,535 million in 2015, and is projected to reach $20,442 million by 2022, growing at a CAGR of 4.0% from 2016 to 2022. The business hotels segment accounted for around 42% of the total market revenue in 2015.
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