Recession has its effect on companies, who take their staff to luxurious places for their annual retreat. Almost all the hotels and resorts are running a financial crisis as many companies and individuals are unable to afford to spend their money for luxury. Many resorts and hotels have changed their tariffs and cut their rates, in order for people to use them, without compromising on quality. They try to attract customers by offering many freebies and discounts. Not only this, these hotels have cut their additional expenses too. For example, their interiors have changed from expensive floral displays to good arrangements from the local shops.

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