revparguru.comBy Jean François Mourier23/4/2013
The End of the Luxury Market as we Know It?
A very interesting article was recently released by Bloomberg News, about the trends in hotel development that we are currently experiencing. The report said that US hotel developers are investing less in luxury properties, as the cost of providing high-end amenities rises and profit margins shrink. According to STR, the RevPAR at luxury properties was $202 in 2012, down from the 2007 high of $213.