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Press Release

Gaya Banovich Remarks on Expansion of Luxury Travel Options

The Luxury Collection Hotels and Resorts is scheduled to open ten new locations within the next year. Gaya Banovich, believes that these new locations provide wonderful opportunities to consumers within this particular field.
NEW YORK, NY, June 26, 2012 /24-7PressRelease/ -- The Wall Street Journal reports that The Luxury Collection Hotels and Resorts will open ten new locations within the next year. In doing so, the company will exceed ninety hotels by 2016, all of which offer premier accommodations in exotic international locations. Gaya Banovich, a sales and business development executive within the luxury industry, believes that this growth indicates a positive trend in the field--as well as expanding options for travelers.
The Luxury Collection has developed a list of over 80 hotels and resorts. Known around the world as some of the most lavish accommodations, these hotels and resorts are located in 30 different countries. The Luxury Collection has made use of new construction and remodeled properties that provide the highest in service and discovery. The opening of the new locations will only enhance the range of experiences that the organization can provide to its loyal clientele.
Paul James, the Global Brand Leader for St. Regis and The Luxury Collection, remarked: "This is a milestone for The Luxury Collection as we open ten new hotels and resorts--the most of any year in the brand's history. As a new generation of global affluent travelers emerge, we are strategically growing our portfolio beyond the traditional luxury grid and in diverse destinations, like China's Hainan Island an India's Chennai, that have become important hubs for business and leisure."
The Luxury Collection has built its clientele through its understanding of the unique needs of luxury consumers. James notes that the locations have been strategically chosen to meet the needs of a firmly established clientele--a tactic that many luxury organizations follow. Global travelers, while affluent, must often need resources that allow them to work and travel simultaneously. The most successful of luxury brands provides this--and more.
The opening of the next ten hotels and resorts indicates that the luxury industry is doing well, which many individuals may find surprising considering relatively recent economic turmoil. Gaya Banovich believes that today's economy and growing luxury industry are favorable for international trips.
"Perhaps counter-intuitively, even with the recent slowing there, Asia is still a good bet," commented Gaya Banovich. "I did not see much turbulence in the luxury travel industry for two and a half to three years after the onset of the recession. Even then, only mortgage leveraged firms were affected. This period is offering some great opportunities for luxury globe trotters and nimble investors, as well."
Gaya Banovich is a sales and business development executive within the luxury resort industry. As a professional who deals with high end luxury destination clubs, Gaya Banovich has accumulated a great deal of experience working with international clients, including those from the United States, Europe, the Middle East, and Asia.
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