Most hotels, and perhaps particularly some luxury hotels, could be in for a torrid time in 2009 and 2010 depending on what the economy brings. If you’re someone who frequently travels, however, it could mean big savings and they might well be available for a while. The terrible 9/11 tragedy in 2001 was followed by a 40% cut in hotel room rates which remained for some time after. In short, hotels are competing for fewer guests and, if they want a share of that dwindling market, they will need to cut prices. Have you managed to bag some bargains? If so, please let us know by posting a comment.
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