Hosting of sports events by country has also been a key influence pushing the demand for luxury places. Sports players, as well as audiences traveling from many destinations for the competition, tend to book their halts in luxury hotels,

Increasing income of individuals in emerging economies like India, China, Thailand, Brazil, & South Africa is expected to push the travel industry, therefore having a promising impact on the total market. Republics facing political turmoil, economic d...

IMARC Group expects the market to grow at a CAGR of around 6% during 2021-2026.