For Luxury Hotels, Economic Recovery Has Already Arrived

07/12/2010 05:12 am ET | Updated May 25, 2011
  • PALLAVI GOGOI DailyFinance

Back then, Congress was attacking financial executives for enjoying visits to resorts even while their firms were taking billions of dollars from taxpayers.

No more. Today, the winds are changing -- quite dramatically. People are traveling and spending money again, and hotels are hiring. That's a reflection of higher economic activity, and it could be a harbinger of better times to come. After all, corporate executives are seeing enough demand that they're comfortable with opening up the spigot of employee travel. It also means consumers are getting more comfortable with spending on vacations again.

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