The Prohibitive Cost of Luxury: The Paradox of Building Five-Star Hotels in the Age of Inflation
Building a luxury hotel is more expensive than ever, with costs exceeding $1 million per room in key markets. However, the industry is not standing still. Driven by insatiable demand and the profitability of branded residences, the construction of these temples of luxury continues, demonstrating the incredible resilience of a sector that plays in a league of its own.
