Ultra high-end hotel room capacity will more than double in 2022
Hotels with ultra high-end rooms will be almost 60% higher in 2022 to about 6,051 when compared to the year before the Covid-19 pandemic. With the opening of higher-end hotels such as Grand Lisboa Palace (2,000 rooms), Raffles at Galaxy (700 rooms) and Londoner (970 rooms converted from Holiday Inn), it will add to its growing revenue share.