History. The company was established in 1928 by a group of European hoteliers. With 38 initial members, among them Hotel Negresco in Nice, the Mena House in Cairo, the Montreux Palace in Montreux and King David Hotel in Jerusalem, the organization was initially known as The Luxury Hotels of Europe and Egypt.. The founders opened an office in New York named Hotel Representative, Inc. (HRI).According to the Global Wealth and Lifestyle Report 2020, with Hong Kong, Shanghai, Tokyo and Singapore four of the five most expensive cities for luxury goods were located in Asia. In 2014, the luxury sector was expected to grow over the following 10 years because of 440 million consumers spending a total of 880 billion euros, or $1.2 trillion.
Best representation descriptions: https://static1.hotcarsimages.com/wordpress/wp-content/uploads/2019/09/00-10-Expensive-Luxury-Cars-That-Just-Aren’t-Worth-It.jpg
Related searches:
