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Are You Staying in Hotels Anymore?
We've been hearing this for a few months now: With the economy tanking and the unemployment rate rising, people are tightening their purse-strings and closely counting their coins. Some are forgoing the frivolous expenditures like dry-cleaning their dog's clothing or cutting back on $450 rounds of golf. Others are clipping coupons, using generic brand goods and just making use of what they've already got.
One of the biggest industries that takes a hit when people decide to scale back their disposable income spending is travel. Hotels already have a dismal outlook (even the luxury ones!) as occupancy is going down, after several years of it nowhere going up.
So, we can't help but wonder: how are you feeling about all of this right now? Hotels--especially the more high-end ones--are not that much different from a designer dress or a pair of expensive shoes. They are considered by many to be a luxury; a privilege rather than a necessity.
With that said, if you're bypassing the Louis Vuitton store and have cut out your expensive latte habits, have you stopped traveling and staying in hotels these days too? Why or why not? If the economy doesn't affect your decision to travel, how does it affect your choice of hotel?
Tell us how the economy is affecting your hotel habits here.
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[Photo: Tracy Olson]

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