Expectations are everything these days in luxury hospitality -- been saying this for years.
Originally Posted by
MikeFromTokyo
I often feel I am getting better value at high end hotels and resorts than I would be getting at more moderate hotels. It's hard to put a price on the experience of a great hotel stay. If that added value outweighs the cost difference, then it's absolutely worth it.
This is so true. Having to live up to a perceived brand value and reputation comes very expensive for many operations... actually often times in these cases really great value.
On a different note: George V aside, it is so much easier these days to make money with a mediocre 3 star hotel than with a luxury property. It can be done, yes, and some popular hotels and resorts are great examples for it, but generally difficult.