By Lauren Riddell-Fitzgerald, USA TODAY The world’s richest people, celebrities and politicians, are staying at luxury hotels as a form of luxury, but few people are really paying to live there.
Many are taking advantage of low occupancy rates, low taxes and the fact that the hotels are becoming more common in the U.S. and elsewhere.
That is a big shift, says Jon Dickey, a professor of sociology at the University of Illinois at Urbana-Champaign who studies hotel industry trends.
“We are living in an era where the concept of luxury has become a way of life for many of the people in the country.”
The most popular luxury hotels in the world The four-star Monte Carlo, which has been in the same family since the 19th century, has the biggest occupancy rate among the top-end hotels.
The most expensive hotel in the Americas has been the Shangri-La in New York, which is $1.6 million, according to a CNN analysis.
In the U of A’s Hotel Central in Toronto, the occupancy rate is at 60% with a cost of $1 million.
The best hotel in Canada?
That would be the Sheraton Grand Hotel in Vancouver, which sits at 65% occupancy, with a price tag of $3.6-million.
It has a 10% occupancy rate.
There are more than 300 hotel rooms for sale in the United States, according the Hotel Association, up from about 70 in 2008.
That number could go up as hotel prices rise in the years ahead.
The average price of a hotel room in the US has risen 25% in the past five years, the association says.
For example, a $600-a-night room in an upscale downtown Manhattan hotel is now $1,100, according in an industry survey.
But occupancy is not the only thing that matters.
“If you look at the other components of the market, that’s where occupancy is going to go, and it’s going to take time to stabilize,” Dickey says.
And it will take a while to stabilize.
The occupancy rate at the top hotel rooms is the most reliable measure of the occupancy at the hotels.
It’s the average rate of occupancy for rooms, including suites and suites with a pool.
“I’m not sure why you would want to go to a $2,500-a.m. room in a $1-million-plus room,” Dicke says.
“The average is a bit misleading.”
The occupancy rates at some of the most expensive hotels are far lower than the occupancy rates for a $500-or-less-a year room.
For instance, the Sherbourne Hotel in London, which was at 62% occupancy last year, had occupancy at $600 a night last year.
But Dickes research has shown that hotel occupancy at high-end hotel rooms often drops after a few weeks, so the occupancy can’t always be tracked.
In most other hotels, the average occupancy is the percentage of rooms that are used.
Dickses research shows that the occupancy of a room can be as high as 90% at some hotels, and that occupancy is falling.
But a $3,000-a.-night room at the Sherbets in Paris is not a luxury.
It costs more than a typical $1 a night, so occupancy will likely fall.
And in most other rooms, occupancy drops to about 10% by the third week.
Dickey also notes that the most common occupancy rates are the average of occupancy of the previous three days, so that will probably not be the case at all of the hotels in this study.
The number of rooms being rented out in the industry has fallen from 2,800 in 2010 to 1,700 in 2015.
But that is not necessarily because the industry is losing business, because some people still go there, says Jeffrey Bock, president of the American Hotel and Lodging Association.
The industry has been growing.
In 2015, it generated $5.7 billion in revenue, according a statement from the hotel industry.
That’s about a 10-percent decline from 2009.
In 2014, the industry generated $9.3 billion.
But Bock says the industry will continue to grow.
“It is definitely on the decline,” he says.
But if the hotel occupancy trend is a sign of things to come, it could have serious consequences for hotel rooms.
The trend in luxury hotels is not just about the number of people in them, Bock adds.
“There are a lot of other factors, including the fact there are a large number of very expensive people living in the room.
And then you have people who come in and spend money to stay in that room for a week