`` Luxury hotels will lag behind the rest of the hotel industry , '' said Bobby Bowers , senior vice president of operations at STR . Occupancy in luxury hotels dropped 15 percent from December to February . Executives are avoiding meetings at fancy resorts to cut costs and appear frugal . Luxury hotels are offering free nights and spa credits to attract new customers . Comment:
Occupancy in luxury hotels dropped 15 percent from December to February . Executives are avoiding meetings at fancy resorts to cut costs and appear frugal . Luxury hotels are offering free nights and spa credits to attract new customers . Comment: