Embark on a journey through the world of luxury hotels Market in 2023. Discover opulent accommodations, exclusive amenities, and unparalleled hospitality. Explore the pinnacle of travel experiences with our comprehensive market analysis.

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The luxury hotels market largely relies on business travelers and international guests. The sector was significantly affected by the COVID-19 pandemic. However, with many countries recovering from the pandemic, the luxury hotels sector is inching back to pre-pandemic levels and is likely to flourish in the years ahead. The luxury hotels sector was adversely affected during the pandemic. However, the market is expected to recover soon with several new projects in the hotel construction pipeline. Some of the key deals in the luxury hotels market are the London & Regional Properties acquiring hotel from COIMA SGR in July 2022. In May 2022, EOS Investors, a US-based real estate investment firm acquired Wequassett Resort and Golf Club. Furthermore, in March 2022, Braemar Hotels & Resorts acquired Dorado Beach, a Ritz-Carlton Reserve in Puerto Rico.