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Ruud J. Reuland Ecole hôtelière de Lausanne___
Thursday, August 24, 2006


TravelDailyNews: How would you characterize the level of tourism studies in Switzerland?

Ruud J. Reuland: Switzerland does have some excellent schools which are recognized internationally. Lausanne, in particular, has the University of Lausanne, the Swiss Federal Institute of Technology (EPFL), which trains top-level scientists and engineers, and IMD, and could be called
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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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