Anxiety for luxury hotels and resorts?
Luxury brands have been experiencing a slowdown of late, with Tiffany the latest to announce a profit warning, having felt the effects of shaky consumer spending. Meanwhile, Macy’s has been closing a number of its stores, and Nordstrom, Saks and Neiman Marcus have all expressed disappointment at Christmas sales. Is the global economic turndown also likely to have an impact on the luxury end of the tourist industry, do you think?
Paul Johnson
Paul Johnson is Editor of A Luxury Travel Blog and has worked in the travel industry for more than 30 years. He is Winner of the Innovations in Travel ‘Best Travel Influencer’ Award from WIRED magazine. In addition to other awards, the blog has also been voted “one of the world’s best travel blogs” and “best for luxury” by The Telegraph.
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