I’d be interested to hear your opinions on the outlook for the luxury travel industry in 2008. On the one hand, we have the so-called ‘credit crunch’ with house prices in the US and UK expected to be in decline. But on the other hand, there are predictions that 2008 won’t be such a bad year in terms of global growth. There are some signs of a consumer slowdown, but will this effect the luxury end of the travel market? What do you think?
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