LL got a bit of national coverage last night on NBC Nightly News with Brian Williams. The story angle focuses on how the economy is impacting the luxury segment, in particular high end retailers and restaurants. They do point to one silver lining which is the fact that there are bargains to be had by savvy luxury shoppers, and thats where we fit in briefly! Dont blink.
Nov. 6: Desperately seeking shoppers even at Saks - Retailers reported the weakest October sales in decades, reflecting a downturn so deep that it's being felt by high-end businesses catering to the wealthy. NBC's Chris Jansing reports.
Great on aircomments from Diane McDavitt regarding a 40% increase in discounted travel opportunities coming into Luxury Link.at least positive for those of us still shopping for bargains in luxury travel deals.
Also, the December 2008 issue of Travel+Leisure Magazine features an article on the 33 Best Travel Web Sites.. on page 136, highlighted under the Luxury Category:
LL will survive and maybe come out stronger for it. With the economy unsure even those of us with a relatively secure income feel guilty about spending money, especially on luxury. So, we look for the best deals to feel better about spending. Then there are those that never bothered to look for bargains before, but now they will and they may come to LL. I suggest they market to this consumer.
IMO It's an emotional side that LL needs to appeal to to get people to spend on luxury. It's alright to spend on luxury travel because you are getting the best deal possible. The one day auctions are a great idea.
I just hope they keep acquiring new properties and maybe more will be interested in LL deals when their rooms are empty.
Thanks for the interesting posts and links. The recession is biting quite deeply in the UK, but interestingly one thing that people don't want to sacrifice is travel -- they'll give up buying organic food, eating out, and shopping for clothes, but not their holiday. There was a brief period this summer where people seemed to prefer to stay in the UK rather than go abroad, but the rains which basically drowned August here have led people to decide to head elsewhere.
I'm hoping that the economic climate will mean the return of some of the packages which have been gone from LL for a long time, like the Orient-Express Peru packages.