In what has become one of the toughest times ever for Jersey tourism, the gap in price between a three and four-star hotel has narrowed and in some cases, a four-star is cheaper than a three-star.
The Savoy Hotel was upgraded from a three-star to four-star in 2008. Its general manager Roberto Lora said that the hotel could not have survived as a three-star in the current climate.
‘It’s very difficult to make ends meet when you are charging three-star prices,’ he said. ‘If we were still a three-star and had to drop our prices even more, that would be difficult. Three-stars can’t drop their prices because if they drop their margins any further they won’t break even. If it wasn’t for the fact we were a four-star, this year would be a complete disaster for us.’
• See Tuesday’s JEP for full story and more business news.
