Aventine

Kyoto makes me cry. 402700 JPY ++ for a PH 1 King Bed Garden View during the peak koyo Fall colors period later this month. 454000 JPY ++ at FS Kyoto. It is definitely demand and because these properties know people will fill those rooms.

offerendum

Yes, many of these hotels with crazy prices are sold out. But it's only one part. It's also a fact that 70% occupancy rate with 2000 average rate is better for a hotel than 100% with 1000 average.

EuropeanPete

I travel more than most “luxury” travellers (up to 200 nights a year) and so I have a different perspective than most. What’s been interesting is that there has been a massive concentration in US/ “Oligarch” locations and US chains where prices have increased in luxury hotels often by 300-400%. Meanwhile, if you go either nearby geographically or in a non-US marketed hotel or to an equivalent place without equal fame, prices are often lower on an inflation-rated basis to what they were in 2019.

I’ve always enjoyed luxury, but never enjoyed the jet set. In this new reality when I can pay 80% less to avoid an absolute circus of bad service and socially irresponsible customers, I do somewhat miss the kind of priorities well known on this forum.

Aventine

Honestly, I think East Asia is doing 100% occupancy with top market prices. My local PH was definitely at capacity and charging the new high, normal this past weekend.

FenwayTim

That's actually a pretty good price for that hotel.. You will usually see it in the 1800-2300 range..

nexusCFX

The only reason I've still been able to travel in luxury hotels post-COVID is access to negotiated fixed-price corporate rates. When I look at our rates at Corinthia and Langham in London compared to the rack rate it's like a joke. No idea who is paying those crazy prices.

We just lost our good rate at Andaz Tokyo and PH Tokyo due to the closure of the latter for 2024, and I expect the former decided not to renew our negotiated rate because they anticipate being fully booked all year by those who would have stayed at the PH. All we have now is the GH which is not what I would call luxury but given the prices elsewhere it might be the best I can manage.

I am basically priced out of Kyoto now. I remember when I could stay at the RC for 90,000 JPY a night, and during the most peak time of the year rooms would hit 250,000 and that was crazy. Feels like ancient history now.

Michaeljinnyc

Come to Shanghai! Great sunny weather at 20-25 degrees and beautiful fall leaves.

Most importantly luxury hotel rates are the same or lower to 2019

offerendum

Rack Rates were always crazy at many hotels, but you more or less never pay them.

Michael82

Russians are driving the prices at top hotels in dubai.

and in europe it’s mostly the US people that are willing to pay it all and are driving the prices up🤷‍♂️

i think its absolutely ridiculous to pay 2000+ euro a night at lake como. ... for?!??

Duck1981

Agreed - I recently came back from Abu Dhabi where the St Regis was half price compared to the RC in Dubai (and better - admittedly both not Luxury properties)

veron689908

You can't blame the hotels for trying to make as much money as possible by increasing rates to levels where they think they can achieve a high rate of return. They are businesses after all. I think we are seeing similar trends within the airline industry. First/Business Class fares are increasing whilst economy fares are remaining at prices similar or lower to pre-pandemic prices. Europe to NYC next week is Ł299 (Ł370 dollars) return with a choice of carriers - AA, AF, Delta. As we edge towards this "soft landing" or recession that is predicted, those with less disposable income tighten their belts first.

Pausanias

There are still a few people - some on this forum - who are willing to pay over $10k per night at a sick joke establishment like Soneva Secret, opening next year in the Maldives. That rate includes your room thing plus taxes but not food. Also, you have someone called a 'Barefoot Guardian.' I think this used to be known as a butler. Can't wait for feedback on toenails.

callmedtop

We're in the middle of an Aussie trip and prices are basically what they were pre-COVID as far as I know. Saffire and Qualia aren’t cheap but they never were. Capella Sydney was less than $500 a night for a non-base room.

All about choosing the destination. I won’t be going back to Paris for a while, but avidly planning trips to areas that haven’t seen such intense inflation.

Michaeljinnyc

Stayed at the Conrad Dubai for $70 a night in 2019...

Michaeljinnyc

Dubai is a joke. Everything wrong with the 21st century. Only caters to Russian oligarchs and instagram "models".