The growth in the luxury goods sector in any country does not indicate economic health; it indicates widening disparity, the deterioration of the middle class, and the decrease of money in circulation in the broader economy. This is the rich moving money between each other like two players from the same team in a football match kicking the ball back and forth
http://www.marketwired.com/press-release/fairmont-to-expand-its-luxury-portfolio-with-new-hotels-in-morocco-saudi-arabia-2118781.htm