Four Seasons Is Top Luxury Hotel

Conde Nast Traveler's "Gold List"

Condé Nast Traveler has released its list of reader-selected best places to stay in the world on Concierge.com.The magazine's 15th annual "Gold List" is "is your ultimate annotated guide to the world's finest properties and cruise lines, as elected by more than 32,000 Condé Nast Traveler readers."You can browse by destination, type of award (e.g., service, food, location, cruise lines) or alphabetically, where you can see all on the list. Wondering how they were picked? Here's the methodology.

World's Most Expensive Hotel Suites 2009

It's time again for the list of the most expensive hotel suites and the latest survey from Wealth Bulletin rounds up some of the usual suspects. We've seen the Royal Penthouse Suite at the President Wilson Hotel in Geneva Switzerland top lists before and it does here too at the highest rate we've seen so far, an astronomical $65,000 a night for the four-bedroom suite. It occupies the entire top floor of the hotel and has bulletproof windows and doors. The suite is popular with international diplomats.Last year's winner, the Ty Warner Penthouse at the Four Seasons in New York City was a distant second at $35,000 a night. The top ten list has a few new entries: he Presidential Suite at the Hotel Cala di Volpe in Sardinia which features a rooftop terrace with a saltwater swimming pool, the Villa La Cupola Suite at the Westin Excelsior in Rome set inside a cupola with a lavish frescoed Jacuzzi area and the Presidential Suite at the Ritz-Carlton in Tokyo.

Four Star, Five Star, Does It Matter?

A couple of months ago I wrote about the luxury hotel industry's stealth cutbacks. The idea was that by paring down amenities in a subtle way they could save money without really disturbing the customer experience. But at least one resort chain seems willing to make a bolder move. Bloomberg reports that Starwood Hotels & Resorts Worldwide Inc., the owner of luxury brands including St. Regis and W Hotels, is willing to surrender some of its hard-won stars and cut back on luxury service until the travel industry picks up.Over the past few years star escalation reached the point that some planned projects were promising six, seven and eight star hotels even though what services would exactly merit those types of classifications had not been determined. It seemed the sky was the limit. Enter the economic meltdown and travel, like real estate, took on the look of a souffle bumped in the oven. All of a sudden a seven-star hotel seems unnecessary or even vulgar and a suite that runs deep into the four figures for a night's stay a bit of an extravagance.Hotel operators are forced to discount rooms cutting into their profits. One way to stay afloat is to reduce operating costs. The requirements for five-star luxury requires scrupulous attention to the guest which necessitates a larger staff. Luxury hotels are betting that most guests won't really mind losing some of the more intrusive guest services especially since they are paying reduced rates. The question is how much the touches really do matter to guests. Five-star hotels often seem to traffic in the ineffable. Any time I've ever heard a CEO of a five-star hotel chain speak, their stories of exceptional luxury include customer service that attains near psychic levels with service personnel who aren't just polite and efficient but who anticipate the wants and needs of their guests with a fervid attention. The truth is that most of us will generally be quite content in a four-star hotel unless you prefer being attended to in a way that makes you feel like a movie star or royalty. Maybe there should be a new classification, a four-star hotel that can be upgraded to a five star if you require the additional bells and whistles. A four and a half, if you will.

Drastic Fall in Sea Freight Rates

The global economic downturn and the drop in oil prices have led to a fall in sea freight rates in Germany