Michelberger Hotel in Berlin is a Cash-Crunched Traveler's Dream
The Michelberger Hotel opened last September and was redesigned by the
Internationally renowned Werner Aisslinger.
Implications - With the economic recession looming in the backs of many consumer's minds, individuals are reluctant to spend cash but still want the benefits. Companies should consider how they can provide cheaper products that offer the sensation of luxury without the high costs. This will put these businesses ahead of leading competitors.