How would this sort of company fare in the next few years?

[Taita]

A company that deals in arranging luxury holidays? Similar to this: http://www.elegantresorts.co.uk/

Thanks

[Eric Mc]

Who are his target customer base?

Why are you interested?

[Taita]

On people with quite a bit of cash to spend on a holiday. I thought people might be tightening their belts in the climate, and so the business would quieten?

[PhilLL]

Well you'd have bigger balls than me to enter that market in the next few years.. although I have no relevant experience in that industry so my opinion probably counts for very little!

[mcflurry]

How many people would use such a service?
What would they pay?
Could these people go to a cheaper travel agency instead?
Would they use Expedia/Lastminute.com etc instead?

[V8mate]

Don't know about anyone else, but my browser didn't like that website at all - flashed and crashed all over the place.

[okgo]

PhilLL said:

Well you'd have bigger balls than me to enter that market in the next few years.. although I have no relevant experience in that industry so my opinion probably counts for very little!

The rich will always have money to spend on holidays/cars/houses that won't change I don't think..

[mcflurry]

okgo said:

PhilLL said:

Well you'd have bigger balls than me to enter that market in the next few years.. although I have no relevant experience in that industry so my opinion probably counts for very little!

The rich will always have money to spend on holidays/cars/houses that won't change I don't think..

But will they spend it with a specific company, or ask their secretaries to sort it?

[okgo]

mcflurry said:

okgo said:

PhilLL said:

Well you'd have bigger balls than me to enter that market in the next few years.. although I have no relevant experience in that industry so my opinion probably counts for very little!

The rich will always have money to spend on holidays/cars/houses that won't change I don't think..

But will they spend it with a specific company, or ask their secretaries to sort it?

Maybe a specific company, but many wealthy people are down to earth, and have a comfortable life from home that could easily afford this kind of thing. Not all wealthy people work in offices you know

[Taita]

So if my mate was to apply for a job there, he's not likely to lose it in 6 months time when it goes bust!

[okgo]

Taita said:

So if my mate was to apply for a job there, he's not likely to lose it in 6 months time when it goes bust!

Depends on track record I guess..

As said there will always be people who don't care about recession ect as they don't have money worries, but it depends if this holiday joint actually draw them in..

[ginettag27]

Taita said:

So if my mate was to apply for a job there, he's not likely to lose it in 6 months time when it goes bust!

Possibly not see : http://news.bbc.co.uk/1/hi/business/7334511.stm

[PhilLL]

ginettag27 said:

Taita said:

So if my mate was to apply for a job there, he's not likely to lose it in 6 months time when it goes bust!

Possibly not see : http://news.bbc.co.uk/1/hi/business/7334511.stm

That should offer your mate some encouragement!

[Taita]

Hmmm, should I tell him to be afraid of Thomas Cook? 20k holiday makes doesn't sound very much....?