Luxury hotels facing increasingly irritated consumers

High-end travelers are pulling back on their vacation spending as inflated pricing hasn't led to an increase in service quality

Apr 3, 2023

They want to pay no more than $500 a night for a hotel, and they aren’t interested in paying extra for greener or fancier options, according to the latest MLIV Pulse survey with 465 respondents, a little more than half from the US and Canada and a quarter from Europe.

Key takeaways

  • Some 69% of poll participants said their maximum budget per hotel room night was $500, while 24% were willing to spend up to $1,000;
  • Although $500 to $1,000 per night for a room might sound high, that range eliminates the fanciest hotels in most major markets;
  • According to data from Google, typical prices for five-star hotels in New York City are $523 to $999 per night in April and May. In Paris that number is higher, ranging from $707 to $1,382.

Get the full story at Bloomberg

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