Economically speaking, a luxury Good is one for which demand increases in proportion to increasing income – hence, the richer the world becomes, the greater the demand for luxury items will be. This applies maybe visually to luxury resorts and luxury travel, because the number of vacations people have been taking has improved dramatically in the last couple of decades. So, as tourism and travel has gotten increasingly important within people’s lives, the prevalence of luxury hotels in the world’s most visited destinations has skyrocketed. But while every four-star hotel may claim to provide luxury, the actual character of a luxury hotel is more challenging to pinpoint. It relies on providing an original supplier, along with an authentic experience, pleasing design and the utmost comfort.
Arguably, the top 5 luxury Destinations in the world are London, New York, Paris, Rome and Dubai. London, by means of example, possesses many distinguished luxury hotels. These include the Mandarin Oriental Hyde Park in Knightsbridge, which overlooks Hyde Park and comprises gourmet cuisine and a spa; Brown’s Hotel in Mayfair, which was remodelled by Olga Palazzi, who also redesigned Trenton on the Cornish Coast; too, of course, The Dorchester also in Mayfair. Luxury hotels in New York include the Four Seasons, which is home to a spa, spectacularly designed suites and is child-friendly; and Carlyle in New York’s Upper East Side, the resort where JFK had his notorious affair with Marilyn Monroe.
Luxury hotels in Paris tend to be Concentrated on the perfect Bank, or the Etoile and Champs Elysees area. Perhaps the best French-owned village retreat, which provides a wonderfully romantic setting, with its intricate designs and boutique shopping outlets. The Ritz Paris is a similarly classic village escape, with a long historical tradition, and is fantastic for both pleasure and business. One of the very best luxury hotels in Rome are the St Regis Grand of the Piazza Repubblica, a superbly restored historic landmark that acts as a cultural centre of the city along with a place for fine dining. The Westin Excelsior and Hotel Eden, both of Veneto, also offer fabulous luxury at the middle of Italy’s capital; Hotel Eden also provides a fabulous Michelin-starred rooftop restaurant.