“Even now, when I walk through the hotel, I feel like a child in a candy shop,” says Monique Dekker, general manager of the new Park Hyatt Vienna. She spent a year wandering the corridors and sub-basements before the hotel’s recent opening, sharing the imposing, century-old building—a former bank headquarters—with a team of 600 workers.
CALGARY - Calgary’s booming luxury home market has already set an annual record for MLS sales with more than two months left this year. According to Mike Fotiou, associate broker with First Place Realty, as of Oct. 18, there were 732 properties in the city that sold for $1 million or more. That surpassed the annual record of 726 which was established in 2013. The previous record before last year was 544 in 2012.
The Hotel Detective has always found the Galapagos Islands a mystery: a one-off destination with no luxury hotels. How could the place that incited the theory of evolution be so far behind in the evolution of luxury travel? It’s a complicated answer and THD will go into it in a forthcoming article in ForbesLife, but for now, focus on this: A luxury adventure lodge has finally evolved here.
For the first time since Boston consultancy Bain & Co. began tracking the global luxury market, overall sales of luxury goods declined in mainland China over the first eight months of 2014. The dip was small—sales dropped 1 percent—but significant because of the outsize hopes brands from Prada (1913:HK) to Rolls-Royce (RL/:LN) have placed on wooing China’s socially ambitious spenders.