Luxury hotel sector likely to flourish along with growth in tourism, says industry veteran

The Singapore-listed Mandarin Oriental Hotel Group plans to double its portfolio to 60 hotels worldwide by 2027.
The Singapore-listed Mandarin Oriental Hotel Group plans to double its portfolio to 60 hotels worldwide by 2027.PHOTO: MANDARIN ORIENTAL HOTEL GROUP

HONG KONG - While the luxury hotel sector faces challenges including fiercer competition and difficulties in attracting and retaining manpower, industry veteran Christoph Mares is bullish about its prospects.

The chief operating officer of Mandarin Oriental Hotel Group believes rising demand for tourism and leisure, especially by families, will drive the growth of the luxury hotels globally.

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