Luxury Hotels on the Rebound?
Mar 16, 2010, 10:19 pm
#1
Original Poster
Join Date: Mar 2010
Location: ORD
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Posts: 143
Luxury Hotels on the Rebound?
Bloomberg: Signs of stabilization after 2009's 24% drop in luxury hotel REVPAR
http://www.bloomberg.com/apps/news?p...d=aSIxgLbbOFf4
http://www.bloomberg.com/apps/news?p...d=aSIxgLbbOFf4
Mar 17, 2010, 6:47 am
#2
Join Date: Aug 2007
Location: Here there and everywhere
Posts: 6,303
Bora Bora
Apart of course for Bora Bora which appears to be imploding right now. Everything is closing or has closed, (apart from the new FS) even the St Regis. Rumour says Hotel Bora Bora (Aman) will never re-open. With French/EU restrictions on staff working hours and a minimum wage of US1,300 a month nobody can afford to operate any more. We could be witnessing the death of an entire destination.
Mar 17, 2010, 11:02 am
#3
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Join Date: Jun 2006
Location: IAD/DCA
Posts: 31,797
do general figures really mean much? especially when "luxury hotel" is not defined properly. i dont get why the RC guy wasnt specific, all the numbers are in the marriott financial reports. (i just went through them.)
kingdom hotels is going private, so no more financial reports from them.
funny how those laws work. 
youre hearing st regis wont reopen?
http://specialoffers.starwoodhotels....ra_bora/so.htm
bora bora lagoon says at least 12 months on website, and sept in financial report.
are you sure FS is open..?
kingdom hotels is going private, so no more financial reports from them.
Apart of course for Bora Bora which appears to be imploding right now. Everything is closing or has closed, (apart from the new FS) even the St Regis. Rumour says Hotel Bora Bora (Aman) will never re-open. With French/EU restrictions on staff working hours and a minimum wage of US1,300 a month nobody can afford to operate any more. We could be witnessing the death of an entire destination.
youre hearing st regis wont reopen?http://specialoffers.starwoodhotels....ra_bora/so.htm
Due to the passing of Cyclone Oli, The St. Regis Bora Bora Resort will be closed for renovations through June 30, 2010.
are you sure FS is open..?
Last edited by Kagehitokiri; Mar 19, 2010 at 4:07 pm
Mar 19, 2010, 12:23 pm
#5
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Join Date: Jun 2006
Location: IAD/DCA
Posts: 31,797
i guess we will see about st regis in a few months.
FS bora bora seems closed until apr 1?
i cant believe it is sold out until then. although i am seeing other sold out dates after that.
perhaps some accommodations are closed due to damage? there are only 121. (only 1 is not bookable online)
i assume the labour costs were a part of hotel bora bora's issues as well. i cant entirely understand DLF's financial reports, but it seems like hotel bora bora had a ton of debt. closing it doesnt service it, but i guess operating costs were still too high? presumably the financing is all private/internal.
FS bora bora seems closed until apr 1?
i cant believe it is sold out until then. although i am seeing other sold out dates after that.
perhaps some accommodations are closed due to damage? there are only 121. (only 1 is not bookable online)
i assume the labour costs were a part of hotel bora bora's issues as well. i cant entirely understand DLF's financial reports, but it seems like hotel bora bora had a ton of debt. closing it doesnt service it, but i guess operating costs were still too high? presumably the financing is all private/internal.
Last edited by Kagehitokiri; Mar 19, 2010 at 4:06 pm
Mar 19, 2010, 9:48 pm
#7
Join Date: Jan 2005
Location: So. California
Programs: UA, SPG
Posts: 1,385
I spoke to a travel agent today who had spoken to FS. They are open and fully occupied. Damage was apparently light. They are not closing.
St Regis, as you have seen on their website is taking bookings after June 30, so that sounds optimistic for reopening. The Bora Bora Lagoons, according to the FS rep was leveled.
St Regis, as you have seen on their website is taking bookings after June 30, so that sounds optimistic for reopening. The Bora Bora Lagoons, according to the FS rep was leveled.