Luxury hotels market is expected to reach USD 195.27 billion by 2021

Transparency Market Research (TMR) has published a new market report that concludes that the global luxury hotels market is anticipated to reach USD 195.27 billion by 2021.

ITB Berlin and IPK International report: Luxury travel increases

According to the ITB Berlin and IPK International report published this year, luxury travel proves to be the strongest growing market segment worldwide