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Friday, July 25, 2008
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Top 10 News
Most popular articles Times viewed the last ten days
1 2008/07/16 Greece is not the word as Mama Mia fails to boost Greek tourism Baloon 754
2 2008/07/21 Sell oil: buy airlines 577
3 2008/07/17 Sampling the world and shipboard life on short cruises 544
4 2008/07/17 World Medical Tourism Congress announces two new speakers from AETNA and CIGNA 536
5 2008/07/21 Asian load factors falling – worse to come 505
6 2008/07/22 Mamma Mia! Greece is on the up 468
7 2008/07/17 New survey reveals where Brits want to travel to before they “kick the bucket” 398
8 2008/07/17 Amidst economic woes, Americans hitting the brakes on travel 397
9 2008/07/21 There’s no place like home for British travellers 393
10 2008/07/23 Facebook.com largest social network in UK with 45% market share 376
Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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