Which type of properties within the full-service segment cater to affluent travelers and executives?

Luxury hotels are designed to cater to affluent travelers and executives, offering high-end accommodations and services that meet the expectations of discerning guests. These properties typically feature upscale amenities such as fine dining restaurants, concierge services, spa facilities, spacious rooms with high-quality furnishings, and personalized service. The luxurious environment and attention to detail provide a unique experience that appeals to travelers seeking comfort, exclusivity, and prestige.

In contrast, economy hotels are focused on providing basic accommodations at a lower price point, making them less suitable for affluent customers looking for premium service and amenities. Mid-range hotels offer a balance between price and comfort but do not match the high-end features and service level that luxury hotels provide. Hostels, targeting budget-conscious travelers or those seeking social experiences, lack the amenities and privacy that affluent guests typically desire. Therefore, the distinctive services and standards of luxury hotels align best with the needs of wealthy travelers and business executives.