|Luxury travel booms in world of austerity says Starwood.|
Thursday, 22nd August 2013
Source : Martin Kelly
What a crazy world we live in; many of the world's leading economies are flat, depressed or worsening and money is tight.
Consumer spending muted. Yet luxury is the way forward for hotels, says Starwood, which is seeing good growth from its St Regis, Luxury Collection and W Hotels portfolio.
"Rising wealth, global business demand and interest in new destinations are set to fuel the growth of luxury travel for some time"
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