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Fairmont Banff Springs Recent research has unveiled a significant increase in luxury hotel prices worldwide, driven by a surge in demand for high-end travel experiences post-COVID. According to CoStar Group, the number of hotels charging over USD $1,000 per night has more than tripled since 2019, illustrating a clear shift in the hospitality market. ### Rising Prices in Luxury Hotels In the first half of 2019, only 150 hotels globally reported charging an average daily rate (ADR) of USD $1,000 or more. By 2024, that number has ballooned to **460 hotels**, marking an unprecedented increase. Popular destinations for **high-end travelers**…