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Essay / Effects of High Cost of Living - 670
The tourism industry is the fastest growing sector in terms of jobs, attractions and lifestyle over time. 2014 launched new projects and investments in luxury hotels all over the world. “The President Wilson Hotel in Geneva is one at $83,200 per night, with the Royal Penthouse suite being the most expensive in the world. The increase in the number of millionaires across the world has created a market for luxury suits” (Daisy Carrington, 2014). It has become a phenomenon for individuals who have become accustomed to a certain lifestyle when traveling to have high expectations when spending an obscene amount of money. money per night. “According to Christopher Norton, president of hotel operations for Europe, the Middle East and Africa at Four Seasons, the true value of a luxury stay is the service, not the space. Our customers are moving from multiple expectations to hyper expectations and that means we need to know who they are, how they act and what they want. (Daisy Carrington, 2014) This explains how tourism is affected by high standards of unique experiences. If your going rate for a night is $25,000 to $83,000, you expect to have an experience worth that amount. If it were me, I think this money could help make much more positive impacts, such as charities or places in Africa or Uganda where there is a shortage of students. a source of education because they don't have enough money to build a school. In the meantime, places like the Grand Hyatt in New York or the opening of the Waldorf in Amsterdam are incredible and I'm convinced it's the view of a lifetime. But why not invest that money in a bigger cause. Tourism is impacted internationally in all aspects of the world with issues related to traffic, fuel prices, terrorism, world war...... middle of paper ......ragun , FC12 most anticipated hotel openings of 2014In the text: (Natasha Dragun, 2014)Bibliography: Natasha Dragun, FC (2014). 12 Most Anticipated Hotel Openings in 2014. [online] Retrieved from: http://www.cnn.com/2014/01/01/travel/new-hotels-2014/index.html?iid=article_sidebar [ Accessed April 1, 2014].3. Staff, C.The most expensive city in the world is...In the text: (Staff, 2014)Bibliography: Staff, C. (2014). The most expensive city in the world is.... [online] Retrieved from: http://www.cnn.com/2014/03/04/travel/most-expensive-cities/?iref=obinsite [Consulted: April 1, 2014] .4. Barry Neild, FCEurope's most fascinating border townsIn text: (Barry Neild, 2014)Bibliography: Barry Neild, FC (2014). Europe's most fascinating border towns. [online] Retrieved from: http://www.cnn.com/2014/03/18/travel/europe-border-towns/index.html?iid=article_sidebar [Accessed April 1 2014].