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London hotel market reflects capital`s top status
Tuesday, February 27, 2007
January’s preliminary hotel figures for the UK show the market continues to thrive. The figures for London are particularly impressive suggesting the capital is a building a pre-eminence over other major global cities, according to figures by PKF hotel consultancy services. The UK regions also performed strongly.

In January last year, PKF reported the highest figures for London since the Millennium. This year the average rooms yield in the city is higher again and rose to
Theodore Koumelis - Tuesday, February 27, 2007
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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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