With Luxury Hotel Segment Projected to Perform Best over Next Two Years, Hotel Brands Increase Focus on Affluent Travelers

Spurred by projections of strong growth in the luxury hotel segment in the next two years, hotel operators have rushed out of the gate with billions of dollars of new development and acquisition initiatives to appeal to affluent travelers.

Hyatt Hotels Corp. (NYSE:H) and Fairmont Hotels & Resorts both announced plans to pour money into their resorts categories and Four Seasons Hotels and Resorts and Ashford Hospitality Prime (NYSE: AHP) each laid…