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Time：第195次例會，2009年02月21日（週六）下午2:30-5:30 [高雄 6-9]
Place：
viewtopic.php?t=15
14:30~15:00 Whiteboard Chat
15:00~15:50 Speaker: Hans Lee
15:50~16:00 Break
16:00~17:15 Topic Discussion
17:15~17:30 Happy Time
Taipei Dinner Location
Taipei Host: James Chen / Photographer: Lancy Wang / Happy Time: TBD / Gourmet: Nadine Lan
Topic Discussion: Luxury hotels are feeling the pinch
[ATTENTION: BECAUSE OF COPYRIGHT CONCERNS, WE CANNOT REPRODUCE THE WHOLE ARTICLE HERE. PLEASE VISIT THE SOURCE TO READ AND PRINT THE ENTIRE ARTICLE]
Source: http://www.iht.com/articles/2009/01/27/ ... 16575.php#
Audio: Click on "Listen to Article"
The hotel business has collided head-on with the bad economy and the tight credit market.
Hotel revenue is down sharply. Big projects, planned in the boom days, are either sitting unfinished or left on the drawing boards. And some high-end hotel owners face an unhappy situation - how much can they cut prices to fill their rooms before they damage their hotels' luxury cachet?
"I don't think anybody realized the switch was going to be turned off so quickly," said Lisa Grossberg, general manager of the Buckingham Hotel in New York. "We saw people being more rate-conscious; we saw the renegotiations of corporate contracts as companies tightened their belts in the fall. But then in the middle of December, everything just about stopped."
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Questions
1. What does "feeling the pinch" mean?
2. According to this article, why are luxury hotels struggling?
3. Are business trips being reduced in your workplace? What are some cost-cutting strategies used by your company with regards to business trips and expense accounts?
4. Why is this economic downturn a "blessing in disguise" for mid-level hotels?
5. Have you noticed any price reductions for luxury hotels in Taiwan?
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