Luxury hoteliers see light at the end of the tunnel
January 29, 2010 |
The recovery seems to have started as many luxury properties in the United States are reporting demand increases of 5% to 8% during the past 6 months according to statistics mentioned at the Americas Lodging Investment Summit held in San Diego this week.
As the hospitality industry slowly emerges from the recession of 2009, many eyes are on the luxury hoteliers which endured the largest drop in business during the downturn. The drop in bookings was exacerbated by the retreat in the MICE (Meetings, Incentives, Conferences and Exhibitions) sector including the well-publicized call-outs of luxury resorts in Las Vegas and California catering to incentive travel.
The recovery seems to have started as many luxury properties in the United States are reporting demand increases of 5% to 8% during the past 6 months according to statistics mentioned at the Americas Lodging Investment Summit held in San Diego this week . Much of this demand has come from the individual traveler taking advantage of attractive rates which are expected to remain low through 2010.
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