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Corinthia Hotels a top choice for American meeting planners
Friday, July 20, 2007
Corinthia Hotels, the five-star luxury hotel collection comprising the unique Events@Corinthia portfolio, are located in some of the hottest meeting/conference cities in Europe - Prague, Budapest, Lisbon and St. Petersburg, Russia and Malta. Recently, Corinthia Hotels announced a staggering 70% increase in room revenues for 2006 from the U.S. sector – with the Meeting, Incentives, Conference, and Events (MICE) market leading the growth.

While statistical growth is an excellent barometer of Corinthia
Rania Deimezi - Friday, July 20, 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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