Global spending in 5 star hotels up 14%

Global spending in 5 star hotels up 14%

Global spend in five star hotels has increased by an average of 14 percent in 2010, according to new figures. In a sign of returning confidence amongst wealthy consumers and business travellers, data released from American Express Business Insights (AEBI) found that travellers have taken more international trips and spent more on each journey abroad than last year. “In an economic downturn spending on luxury hotels can easily be reduced, we saw this following the global financial crisis in 2007,” said AEBI vice president Sujata Bhatia. “While we’ve not returned to pre-recession levels, the strong growth in spending in 5 star hotels indicates that more affluent consumers and business travellers are regaining confidence.” The Asia Pacific region saw the strongest growth in spending in luxury hotels, peaking at 31 percent in the second quarter of 2010 compared to the same period the year before.

Gary Marshall
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Gary Marshall
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