Posted on 02/10/2010 10:49:32 AM PST by tcrlaf
Luxury hotel bookings have declined across the United States following the so-called "AIG effect".
The term refers to the bad publicity surrounding insurance giant AIG's decision to fly executives to another resort in California after being offered bail-out money by the US government.
A Ritz-Carlton spokeswoman, Vivian Deuschl, said: "The whole demonisation of luxury meetings and companies pulling back on having their high-end meetings in luxury hotels – this has had a tremendous impact on Las Vegas.
"I can't think of another destination that has had to defend itself more against comments from politicians."
(Excerpt) Read more at telegraph.co.uk ...
Sue him! Get his bleeping Peace Prize money.
I’ve only stayed at the RC a couple of nights — I prefer Steve Wynn’s Encore Hotel. Everything about it is first class.
If you visit Las Vegas, do NOT miss Encore’s Spa. Unreal; it has waterfall showers.
The Cosmic Stupididty of this kind of class warfare rhetoric is hard to over-state.
What do “rich” people do with their money? One of three things.
1) They buy things. This includes services. Boats. Expensive cars. Vacations. Houses. The things they buy are manufactured or supplied by — people. Every single damn penny spent on a yacht PAYS somebody to build it, equip it, sell it, or berth and service it.
2) They make investments. This forms capital that is used to hire people. (Where, geographically, is a different issue.) Investments fund the true source of employment: business. Some investments go to mortgage funds, some to stocks, but it all goes somewhere to go to work and earn the investor even more from return. Rush often says poor people don’t create employment for others.
3) Some very few probably have a giant vault, like Scrooge McDuck, where they hoard their money, and push it around with a small ‘dozer like Scrooge does. But these people are very rare in real life, and mostly exist only in the dim concepts of liberals.
W of B
Yep, that one NEVER made any sense. I understand that they wanted a different crowd than the regular Vegas crowd, but that doesn’t work in Vegas. The Venetian, Bellagio and Steve Wynn’s hotels are every bit as nice as the Ritz (I’ve never been to the Ritz in Vegas, but I’ve stayed in them a lot of other places), the Ritz had no real appeal.
This would not surprise me.
Get into the spirit of Badcrack Obamao’s philosophy, and have the meetings in abandoned, public housing.
Kudos to your Very Excellent Post, William!
I love the reference to Scrooge McDuck! LOL.
I have had a couple of medical meetings there and the physical plant is fantastic. I should hae known that there was huge problems when I could have bought a 2 bedroom condo within yards of the hotel for $124k
Using Obama Math, a singlr Ritz-Carlton 100,000 Romance Package would SAVE OR CREATE over 3,000 jobs!!
So let’s play LIST THE TRICKLE DOWN JOBS:
Limo Diver
Helicopter Pilot
Gondolier
Cristal Champaign Employee
Picinic Basket Maker
Chef and waitstaff
Room attendents
Yacht Builder Employees
String Musicians
Gardener
Luxury Car builder employees
Neiman-Marcus staff
MenteLago Casino Employees
Butler
Prada Beuty Employees
Robe Makers
Pillow Case makers
OVER 3,000 JOBS SAVED OR CREATED!!!!!!
The Ritz-Carlton, Lake Las Vegas will debut its exclusive “ Love at Lake Las Vegas “ romance package. The price will be $100,000, making it one of the most expensive packages to be offered by the resort.
The package will include:
Two night stay in The Ritz-Carlton’s 2,400 square-foot Presidential Suite;
Limousine transportation from McCarran International Airport to helipad (couple to ride via helicopter to Lake Las Vegas with champagne, then to be serenaded by a gondolier while riding a gondola from the Lake Las Vegas helicopter landing to The Ritz-Carlton’s shore);
Cristal Champagne and gourmet picnic basket upon arrival; Dinner for the first night to include private in-room dinner to be prepared by a dedicated chef and wait staff;
Dinner for the second night to include private champagne-tasting dinner aboard Lake Las Vegas’ yacht, string-trio to play for couple throughout the evening and rose petals strewn throughout yacht;
14 Dozen roses;
Use of luxury car of choice during stay; $50,000 shopping spree at Neiman Marcus, complete with round-trip limousine service;
$5,000 line of credit at the MonteLago Casino; Private fantasy butler;
Butler-drawn Cristal champagne bath;
In-room Prada Beauty couples body treatment;
Personalized bath robes;
Monogrammed pillow cases.
The Kenyan sure knows how to kill capitalism.
I’m glad they are placing the blame on Obummer, and applaud them for it. Maybe it will open a few eyes. To my knowledge Obummer has trashed Vegas twice now, and although the economy (his fault, too) has contributed to the decline, he delivered the coupe de grace.
Don’t forget his uncle, Gyro Gearloose and his patented “Gloom Light” (makes light places dark).
He thinks all Corporate conventions should be held only in states 51 through 57
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