Well folks, it aint over yet! The luxury market is lacking private spenders, but lucky for us, our fine governments have picked up the slack using our tax dollars! What a relief! (For some reason, I am not comforted by this…)

Despite the past year’s financial and economic turmoil, prices at the best hotel suites have risen by an average of 10% this year. Herbert Ypma, founder of the Hip Hotels brand, said: “The very high end hasn’t suffered all that much. A lot of hotels used to having upmarket clientele are getting the benefit of them taking far more time off than usual — so they have more time to stay in hotels. Money was never the issue, time was.”

via diplomats-help-boost-rates-at-worlds-most-expensive-hotels.html: Personal Finance News from Yahoo! Finance.