Overwater bungalows started as a bottom-tier accommodation. Today, they're a status symbol in the luxury travel world.
Overwater bungalows originated nearly 60 years ago in Tahiti. The first rooms cost $240 a night. Today, experts say they're a staple in the luxury travel market. The first overwater bungalow had a thatched roof, a window peering into the ocean, and a …