A new $50,000 per night suite at Conrad's resort in the Maldives featuring an underwater bedroom. Image credit: Hilton Worldwide
Hilton worldwide is set to become a force in the luxury hotel market
Luxury is a hot segment in hospitality. Grand View Research projects annualized revenue growth of 4.3 percent in the luxury sector through 2025 with sales expecting to top $115 billion. Consumers’ thirst for experiences and willingness to buy extras is adding even more money to be made beyond the typical charges for rooms, dining, spa services and resort fees, says Forbes.