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Corinthia Hotels gathers travel industry in New York
Thursday, September 28, 2006
Corinthia Hotels, the Malta-based Luxury Chain, hosted its second annual Travel Industry Gala Reception at Top of the Rock`s Rooftop Garden, in New York City. More than 300 meeting, conference, incentive and event planners, travel agents, tour operators and media attended the first Corinthia Hotels event to take place since the announcement in August, 2006, that Corinthia Hotels is to be associated with the Wyndham Hotel Group.

Geoff Andrew, Group Director, Sales & Marketing, Corinthia Hotels, said that the event, which focused on its seven five-star, city-center, conference center properties, is part of the repositioning of Corinthia Hotels in the Luxury brand segment. These five-star properties, formerly known as Corinthia`s Premier Collection and located in some of the hottest destinations, include Corinthia Lisboa Hotel, Lisbon, Portugal; Corinthia Grand Hotel Royal, Budapest, Hungary; Corinthia Towers Hotel, Prague, Czech Republic; Corinthia Nevskij Palace, St. Petersburg, Russia; Corinthia San Gorg Hotel and Corinthia Palace Hotel, Malta; and Corinthia Bab Africa, Tripoli, Libya.

Ann Tillman, VP Sales & Marketing, Corinthia Hotels, US, co-hosted the event together with the General Managers from the Corinthia Towers Hotel, Christian Grage; the Corinthia Grand Hotel Royal, Adrian Ellis; Corinthia Nevskij Palace Hotel, Gerold Held; and the Corinthia Lisboa Hotel, Jose Luiz Moreira. Other Corinthia representatives included Shawn Pisani, Director, Events@Corinthia; Bernard Jaccarini, Director of Sales & Marketing, Corinthia Lisboa Hotel; Miroslav Forejtek, Director of Sales & Marketing, Prague, Tamas Fazekas, Director of Sales & Marketing, Corinthia Grand Hotel Royal.
Rania Deimezi - Thursday, September 28, 2006
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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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