Originally Posted by
Non-NonRev
My guess would be that a property that is clearly acknowledged as the best in a given area is going to attract (almost by default) a good deal of non-lodging revenue from things like corporate parties, weddings, and the like. The cachet that "being the best" provides can serve to allow these hotels to drive profitable food & beverage income.
The Ciragan Palace in Istanbul for example is proof for what you say. A real "status symbol" in a huge metropolis, attracting most prestigous parties and weddings.
I chose my Trophy name relating to hotels that are a status symbol to visit (in my case) - or own (important motivation for billionaire owners of Dorchester Group, Frégate, African lodges, many FS, etc.).
Especially Amanresorts with hard access, few rooms and virtually no outside-F&B must have constant difficulties. We should thank the owners for providing such an excellent price-benefit-ratio, even at prices way above 1.000 US$.