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Hotusa purchases second property in New York
Tuesday, July 03, 2007
The Hotusa Group has purchased the four-star Exchange Hotel, its second New York establishment after acquisition of the four-star Dylan Hotel last April. This boutique hotel now becomes the 42nd establishment belonging to the Eurostars Hotels chain, changing its name to four-star Eurostars Wall Street.

The Hotusa Group chairman, Amancio Lopez Seijas, declared that: “We are enormously satisfied with having been able to materialize in such a short period of time our strategic decision to position ourselves in the New York hotel accommodation market, with the acquisition of two establishments”.

As in the case of the Dylan Hotel, the Eurostars Wall Street is a boutique establishment that targets both corporate and leisure tourists visiting The Big Apple.

According to Lopez: “Because of its stylishness and amenities, it fits perfectly into the pattern of establishments that comprise the Eurostars Hotels portfolio, while at the same time meaning the conclusive consolidation of this chain”, now present in the major cities of Spain and nine other countries in Europe and America.
Rania Deimezi - Tuesday, July 03, 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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