Forbes Travel Guide has released the second of its Leading Edge of Luxury Reports, providing a global outlook from over 400 luxury establishments.
The new report, collated this September, depicts how luxury hospitality is faring and modifying in response to the ongoing challenges of the Covid-19 pandemic.
It highlights that slightly more than half of hoteliers believe the worst of the crisis is over, yet they expect that the road to recovery could be long.
Some 84 per cent of hotels are now fully or partially open to the public compared to 56 per cent in the inaugural July report.
Of the remaining that are closed, 63 per cent plan on opening in the fourth quarter.
Some 38 per cent of respondents report delaying their re-openings, with most citing: not enough demand yet to be worth it (54 per cent) and government travel restrictions (49 per cent).
Although 54 per