Jan. 5 at 11:00 PM
$PK Anecdotally, just back from a stint in Santa Monica. No shortage of foreign travelers (especially Asian) staying at nice hotels, including all of three Hiltons I visited or stayed at, with all-in prices
$400 to over
$1,00 per night. The SM Pier was wall-to-wall with the same type of travelers, in fact, almost exclusively those travelers. That is to say: foreign travelers, especially those with deep pockets are not boycotting America. Record stock markets are boosting the wealth effect, enabling top-tier hotel stays.
