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New General Manager at Plaza Hotel in New York City
Wednesday, July 18, 2007
Fairmont Hotels & Resorts announced the appointment of Shane Krige as General Manager of The Plaza Hotel in New York City. Following a $400 million lobby-to-roof renovation, Krige will oversee all activity for the hotel segment of the new development, which includes 282 hotel rooms and condo-hotel units. The hotel is slated to open this fall, to coincide with the landmark property’s 100th anniversary.

“We are delighted that a professional with Mr. Krige’s distinguished background and extensive experience will take the reins as General Manager of The Plaza Hotel,” said Miki Naftali, President and CEO of Elad Group, owners of The Plaza. “We look forward to celebrating the hotel’s opening and 100th anniversary in the fall,” he added.

“The grand restored Plaza will be inspired by its illustrious past; yet provide a luxurious and thoroughly modern experience for today’s travelers. Shane’s experience and expertise at a host of Five Diamond properties make him our ideal choice to guide this storied hotel`s newest chapter,” stated Kevin Frid, Fairmont’s Vice President Operations for North America. The Plaza is a treasured symbol of New York, to both visitors and residents, and has long been a cherished place of occasion. Shane’s leadership will ensure this icon builds on its legacy and once again plays an integral role in the city`s social life.

A native of South Africa, Krige has spent the last 15 years canvassing the globe during his hospitality career, much of it in five-star hotels including The Mansion on Turtle Creek, London’s historic Grosvenor House and Ritz Carlton properties in Washington D.C. Accompanying Krige on his move from Dallas, Texas is his wife and two children.
Rania Deimezi - Wednesday, July 18, 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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