The smarter way to spend $1,000 a night on a hotel room

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If you’re paying through the nose for your hotels, shouldn’t you at least maximize what you’re getting? Here’s a strategy for doing just that

Jul 4, 2024

If you’ve been planning a vacation lately, you won’t be shocked by a report from Virtuoso that luxury hotel prices are up 85% this summer compared to 2019. Spending $1,000 a night for a basic room in major cities is now common, not to mention the costs in seasonal hotspots like the Amalfi Coast or the South of France. While the most expensive resorts are often the most luxurious, they’re not always the best choices.

Key takeaways

If you’re looking for great value-a stay that offers the right mix of pampering, exquisite décor, seclusion, and bragging rights-consider avoiding the top spots;
Boutique hotels in major destinations now offer style and sophistication comparable to their more luxurious counterparts, usually at a fraction of the cost, though with less favorable staff-to-guest ratios and a cooler crowd;
If you’re already prepared to spend $1,000 a night, opting for a large suite at a boutique hotel can make you feel more like royalty than staying in an entry-level room at a larger, well-known resort.

Get the full story at Bloomberg