Luxury hotels lift rates, as tourists return
March 18, 2010 |
Hotel occupancy rates are forecast to rebound this year in the U.S. and Europe. Some luxury hotels have already been able to lift rates as demand for $600 rooms, butler service and poolside cabanas recovers in cities such as Miami, New York and London.
Luxury hotels, especially, have some ability to raise prices again because they were hit the most last year,
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