By 2030, Millennials and Gen Z to Dominate 70% of Global Luxury Spending, Pushing Hotel Design Evolution
🏨 By 2030, millennials and Gen Z will comprise nearly 70% of luxury spending, exceeding $400 billion annually. From 2019 to 2024, $1,000-plus average daily rate hotels tripled from 150 to 460 globally. In early 2025, luxury RevPAR grew over seven times faster than economy segments. Over $64 billion in U.S. hotel debt originated in 2025. Properties integrating guest and host perspectives are favored, as seen in a new 90-key luxury hotel in Paradise Valley, Arizona, emphasizing distinct, non-replicable experiences.
Share
