theaustralian.news.com.au
Robbie Cooke, chief executive of online hotel accommodation and travel company Wotif said when things were tough, more people were on the lookout for great value hotel packages and shorter breaks.
"I'm not convinced that the economy is as tough as some people make it out to be. People still want holidays," he said.
"They may cut back on overseas travel and prefer to take a series of short breaks over a long weekend, especially when they can get special hotel rates"."But there is uncertainty out there with many wondering when the global financial downturn would end."
Mr Cooke said that corporate travel among small to medium-sized companies had not fallen, with executives still travelling to Brisbane or Melbourne for business.
"If the global uncertainty deteriorates and things really get that bad, then the industry would start to see unbelievably attractive hotel rates come on to the market."
http://www.theaustralian.news.com.au/story/0,25197,24408360-30538,00.html
