Are luxury hotels recession-proof?

Barsky, Jonathan; Nash, Lenny
June 2008
Hotel & Motel Management;6/2/2008, Vol. 223 Issue 10, p14
Trade Publication
The article focuses on the study which examines the price sensitivity of the hotel market in the U.S. Findings of the evaluation of the Market Metrix reveal the strength of the market status of luxury hotels. It explores the reasons why luxury hotel business standing increases compare to other hotel segments. Furthermore, the authors suggest that hotel segments should take an aggressive approach to keep customer satisfaction, rather than to cut down prices, in order to be competitive in the market.


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