On August 28, 2009

Luxury Hotels Fighting to Stay Relevant

With luxury hotels bearing the brunt of the hotel industry’s troubles, some are downgrading their ratings so they can offer lower rates with fewer amenities — just until the recession is over, they say. Hilton, InterContinental and Starwood are some of the companies that have recently lowered the ratings on some of their five-star and five-diamond hotels.


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