More Galleries

You've got enough to worry about. So take the stress out of holiday shopping with our picks for everyone on your list. More

Women of power

Shot during the Fortune Most Powerful Women Summit, these portraits showcase some of the world's most influential leaders. Photographs by Robyn Twomey. More

World's best companies for leaders

The most successful businesses know that developing talent is their top priority. Fortune ranks the companies that do it best. More

Special Offer:

The luxury recession

With the financial markets volatile, Wall Street layoffs looming, and consumer confidence hitting its lowest point in five years, purveyors of high-end goods and services say they are starting to register a sharp downturn in discretionary spending. Here are some examples from businesses polled by Fortune.

1 of 5

Hotels

Bookings at Leading Hotels of the World are down 10% so far for 2008. With corporate clients 25% of the group's business, SVP Dan Neumann expects things to get worse.

By Matthew Boyle

NEXT: Steak

Last updated April 04 2008: 1:00 PM ET

Email | Print |

Digg this story |

RSS

* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer

Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.