This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Inaugural Luxury Hotel Index Shows U.S. Still Leads in Hospitality Brands

SAN DIEGO ( MainStreet) -- Global consumer interest for luxury hotels has grown 1.5% since the first quarter of 2012, with Russians, the British and Chinese being the fastest-growing luxury hospitality consumers, according to a study from the Digital Luxury Group.

But U.S. brands continue to dominate, and the top three most searched luxury hotel brands on the Internet worldwide were Hilton, Ritz-Carlton (MAR - Get Report) and The Four Seasons.

These and other findings are part of the first World Luxury Index Hotels, a study prepared by Digital Luxury Group in partnership with the Chair of Luxury Hospitality of Ecole hoteliere de Lausanne.

The study, an international ranking and analysis of the most searched-for brands within the luxury industry, covers more than 70 hotel brands and was developed from more than 133 million Internet searches conducted by consumers around the world.

Developed to provide much-needed intelligence to luxury brands and luxury service providers and as measurement of brand interest at the international level, the study includes several notable findings and takeaways, says David Sadigh, founder and CEO of Digital Luxury Group.

"The most important one is the growth opportunities, particularly Asian growth -- I think is an important part of equation," Sadigh says.

Sadigh said the relatively stable global luxury market is also an important assurance for luxury brands.

"When the market is stable it becomes even more important for hotel chains to discover strategic opportunities for growth. And there are many growth opportunities, especially linked to the boom of Asian or Russian travelers," Sadigh says.

American luxury hotel chains dominate market demand worldwide -- 75% of all luxury hotels searched online are American luxury hotel chains.

"I think if you look at the global luxury industry -- when it comes to cars, jewelry and fashion, usually Europe dominates -- Chanel, Gucci and so on -- those are all European companies. But when it comes to hotels, it's a totally different story," Sadigh says.

There are several reasons American hotels have achieved such domination of the worldwide luxury market, including their outstanding customer service orientation, Sadigh says.

"The domestic market in the United States is also a big market, and a lot of chains began by operating internally and had to compete with one another. There was an increased level of expectation among their guests that they had to meet, which gave them an edge," Sadigh says.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MAR $70.09 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs