Deloitte on luxury hospitality's staying power

As people return to vacation mode post-lockdowns, luxury hospitality is experiencing a boom in business and investor interest

Insights from Deloitte’s Global Fashion & Luxury Private Equity and Investors Survey 2023 reveal that 49 percent of investors believe that restaurants and hotels are the sectors that will grow the fastest this year.

Key takeaways

• According to the survey, between luxury apparel and accessories, watches and jewelry, cosmetics and fragrances, cars, private jets and hotels, the latter saw the most growth year-over-year in 2022, revealing the strong momentum the sector is gaining after set-backs in 2020 and 2021;
• This growth is reflected in the number of deals that the hotel business drove within global luxury in 2022, accounting for 33.6 percent of all mergers and acquisitions made;
• As investors reveal their faith in the category, Deloitte's survey participants picked hotels out of the eleven aforementioned sectors as that with the best-expected performance for the next three years, with most stating that they believe the industry will see more than a 10 percent increase in growth per year.

Get the full story at Luxury Daily and Deloitte