Quote:
Originally Posted by skyhigh07
Usually, business travelers don’t stay at The Ritz, W or Four Seasons unless they’re independently paying out of pocket for some reason. Charleston is a small city and it doesn’t have any of the big brand luxury hotels. Theoretically, you’d have more wealthy people in Philly given its size whether they live, work or play here. Besides, is KOP a recreational luxury travel destination?
I think there’s something to be said about international travelers but we keep going round and round with this - at the end of the day it’s KOP that competes for retailers. I’ve heard commercial brokers in the city say this over the years as well.
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I’m a business traveler and stay at Ritz and Four Seasons — most the large companies get discounted rates for their travelers bc those hotels want to build brand loyalty with affluent travelers, and they get those travelers hooked with rewards programs. For instance, my last Four Seasons stay was only $180/night for my company rate while average guests would pay $400-$600/night.
Charleston is a small, but wealthy concentration in terms of residents and visitors. It doesn’t have big chain luxury hotels but it has lots of independent luxury hotels like Charleston Place. I was just down there and cheapest rooms were around $400.
Philly hasn’t/doesn’t attract super wealthy travelers like many other cities. It’s not a playground for the rich. Sure, there are some wealthy people but overall it’s a small % of the population. KOP is surrounded by the Main Line and they have a lot of wealth out there, and even more middle class who want to appear wealthy who shop at those stores.
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