I was taking a look through some of the latest news and I noticed two interesting articles that popped out to me.
The first was this one:
It's a great article about the writers experience at an ultraluxury spa and a growing problem for spas like that across the country in the form of dwindling clients.
Katherine Stewart writes:
The hospitality industry as a whole is reeling from the recession. PKF Consulting, a Georgia-based firm of industry specialists focusing on hospitality and tourism, titles its March report on the industry "How Much Do You Stand To Lose in 2009?" The firm reported a 5.3 percent decline in occupancy, coupled with a 2.7 percent fall in room rates, leading to a 14 percent decline in net operating income for the average U.S. hotel from 2008-09. But the luxury-destination end of the business—where nightly accommodation charges can start at $700, as at Pelican Hill, and guests might spend equivalent sums on pampering, sports activities, and haute cuisine—seems to be taking a much harder hit.
This of course is leading to some problems for the big resort spas and many in the industry are trying to figure out how to deal with it. In part it's not that the rich don't have any more money, but they are being very careful with the money as I think there is a sense of uncertainty for them. I imagine there is also a stigma that's been cast upon so many so widely by the likes of bad people like Madoff. It's a shame.
But on the flip side is the smaller more flexible spas and spa related products that are surviving and even flourishing.
Here's one example that I spotted:
Annie Tasker reports on the misfortune of a troop of Brownies who raised some money to experience a spa day at a large spa. Unfortunately the spa took their money and then closed it's doors for good before giving them their spa day.
Annie writes:
After hearing from Korchek, Serenity Day Spa and Wellness Center on Swamp Road stepped up Wednesday afternoon and offered the girls a Saturday afternoon session free of charge, so long as they leave a tip. The girls will learn about facial and nail care from two manicurists and four estheticians, then head home with some goodie bags, said Serenity co-owner Jennifer Wiegand.
That was very encouraging to me to hear.
And I continue to hear from others in the industry via sources like Twitter, that those making products and those smaller more leaner companies are finding ways to deal with the difficulties faced in this downturn.
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