Originally Posted by
Goldorak
Very surprised about Sofitel. I would have thought much more business travellers. But it is true that we are talking about very different types of properties. Resorts like Sofitel Angkor, Krabi, etc have likely 99% leisure customers while Sofitel Washington, New York, etc have probably around 60-70% business customers.
I am not too surprised companies are tightening their budgets. For example in China when my wife travels for business the nightly budget is just 500-600rmb. That will barely get you the cheapest novotel or Mercure in Shanghai or only Ibis in Beijing. I feel sorry for her so I top up some money so she can stay at a more decent hotel. Next week Shanghai Novotel Alantis and then a Novotel Beijing Sanyuan I think it is called.