The star-rating for hotels, spas, and restaurants is similar to the Academy Awards for Hollywood. If Oscar is the type prize, a five-star rating for a hotel can be called "Oscar." Luxury properties waited with bated breath for today's announcement from Forbes Travel Guide: the list of Four-Star and Five-Star award winners for the 2011 Forbes Travel Guide.

The list, unveiled today, announced two hotels, two restaurants, and two spas winning a coveted fifth star. The list has defined the industry's highest standards of excellence in hospitality for more than 50 years.

The five-star winner restaurants are both in New York City (Daniel and Eleven Madison Park); the two new five-star hotels include Island Shangri-La Hotel in Hong Kong, and Falling Rock at Nemacolin Woodlands Resort, in Farmington, Pennsylvania; and the two new five-star spas are The Spa at The Grand Del Mar, in San Diego, and The Spa at Mandarin Oriental, in Las Vegas.

Forbes Travel Guide's ratings are based on objective evaluations of more than 500 attributes. This year's additions bring the total number of Forbes Five-Star hotels to 54. Among the 54 Five-Star hotels, six are in New York City, the most of any city in the U.S. There are five Five-Star hotels in Hong Kong, and two in Macau, where ratings were established for the first time in 2009. Forbes Travel Guide expects to further expand its rating system to include properties in additional international destinations in 2011.

The complete list of Forbes Travel Guide Star award winners can be found here.

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