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Friday, January 09, 2009
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Top 10 News
Most popular articles Times viewed the last ten days
1 2009/01/05 IATA issues forecast for 2009 914
2 2009/01/05 London is a dangerous place for travelers says US State Department 812
3 2008/12/31 World Tourism: Responding to the New Challenges in the Global Economy 745
4 2009/01/05 Travel Leaders announce 2009 travel trends 612
5 2009/01/05 Casino hotel development at hold 609
6 2008/12/31 International cargo down 13.5% in November 2008 602
7 2008/12/31 Bristol is only UK city to make tourism top 10 523
8 2009/01/08 TripAtlas.com predicts its Top Ten Travel Deals for 2009 500
9 2008/12/31 Australia's newest world class luxury resort on the Great Barrier Reef 486
10 2009/01/05 Dubai hoteliers at price war 476
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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