posted by Savanah on Feb 18
In any economy, there are winners and losers. In this economy—for the time being at least—business travelers seem to have drawn the short straw.
The New York Times recently reported that business conference attendance could plummet 12 percent this year, and off-site meetings and corporate events fall 9 percent. Add to that PKF Hospitality Research’s report that 40 of the top 50 hotel markets it tracks will see a drop in occupied rooms this year, and it’s clear that business travel is tanking.
But there’s a silver lining of sorts to all these otherwise dismal numbers. Business travel loses mean leisure travel gains. With empty hotel spaces, there are significant hotel savings out there for leisure travelers.
“Leisure travelers who want the most bang for their buck on vacation this year should look to the big cities that traditionally do a lot of business in conventions and corporate events,” says Brian Ek, Priceline.com’s in-house travel expert.
- Hotel Occupancy Plummets in Asia
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