A small number of so-called hotel chains or hotel systems own a sizable number of properties. One indication that hotel systems have entered the globalization phase is the quick rise of large hotel corporations. The People's Republic of China (PRC) has had business among the top hotel systems in the world since 2006. The beginning of a new phase in the history of the biggest hotel systems can be viewed as symbolically occurring this year. This study identifies two key tendencies. On the one hand, the market dynamics of the main international hotel systems from the 1990s may still be seen (for example, the position of the so-called hotel Pegasystems). On the other hand, fresh fashions have emerged in the Especially notable in recent years has been the rise of systems from the People's Republic of China among the biggest hotel systems worldwide.
A hotel is deemed to be a luxury hotel if it offers its visitors an opulent lodging experience. There are no established criteria (like stars) for luxury hotels. The term "luxury" is frequently
used to designate 4 or 5-star hotels. This also implies that any kind of lodging can refer to itself as luxurious. This is also called Great Hotels of the World
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