There’s been no shortage of high-profile buyouts in the hospitality industry of late, from Marriott–Starwood to Accorhotels–Fairmont. The latest headline-grabbing consolidation: Paris-HQed luxe-goods behemoth LVMH acquiring Belmond in a $3.2 billion takeover. So, why add an upscale hotel group to its portfolio of fashion, jewellery and fine wines? “LVMH is betting on the future of the global luxury market, which increasingly is going experiential,” observes the FT. With consumers now splurging more on travel than material goods, Belmond’s assets – 46 properties, including Hotel Caruson on the Amalfi Coast (pictured) – will go a long way in augmenting the conglomerate’s hospitality portfolio. Not to mention creating a ready outlet for LVMH’s 27 booze brands like Dom Pérignon and Moët & Chandon. Cheers to that.