Photographs: Reuters
But things are different at the world's most extravagant hotels.
Hoteliers say that demand for their swankiest rooms never fell not even during the economic crisis - and the rates for these rooms actually rose during the height of the global downturn.
Keeping this in mind, here is a list of hotel suites that still command top dollars.
Click NEXT to see the most expensive hotel suites in the world...
World's most expensive hotel suites
Image: Royal Penthouse Suite provides ultra-tight security.Photographs: Reuters
Just a short commute to the UN headquarters in Geneva, the $65,000-per-night Royal Penthouse Suite at President Wilson Hotel promises ultra-tight security for high-profile visitors.
Guests can barricade themselves behind sliding armoured doors and monitor visitors on closed-circuit television.
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World's most expensive hotel suites
Image: Royal Villa sits on a private beach.Photographs: Reuters
The Royal Villa at Athens' Grand Resort Lagonissi sits on a private beach and includes its own heated pool and steam room.
The price is steep - $50,000 per night - but the suite is full service, with its own butler, chef and pianist.
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World's most expensive hotel suites
Image: Hugh Hefner's Villa has unusual amenities.Photographs: Reuters
At $40,000 per night, the Hugh Hefner Sky Villa at Palms Casino Resort is pricey, but some of the amenities - like a cantilevered jacuzzi suspended over the Las Vegas strip - are unusual.
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World's most expensive hotel suites
Image: Ty Warner comes with full-time butler.Photographs: Reuters
The Ty Warner Penthouse at the Four Seasons Hotel in New York comes with a full-time butler, use of the hotel's Rolls Royce, and spa treatments - for $35,000 per night.
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World's most expensive hotel suites
Image: Presidential Suite reportedly charges for internet use.Photographs: Reuters
The Presidential Suite at Hotel Cala di Volpe in Sardinia (is the second-largest island in the Mediterranean Sea) costs $34,000 per night.
Its three bedrooms, two living rooms, three bathrooms, and private pool occupy multiple floors - but the hotel still reportedly charges guests for internet access.
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World's most expensive hotel suites
Image: Villa Cupola offers top amenities.Photographs: Reuters
The Villa Cupola suite at the Westin in the centre of Rome offers top amenities to guests willing to pay the $29,255-per-night price tag.
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World's most expensive hotel suites
Image: Ritz-Carlton Suite sits at 53rd floor.Photographs: Reuters
The Ritz-Carlton Suite - the premium suite at the Ritz-Carlton in Tokyo - occupies the 53rd floor of the hotel and is priced at $25,000 per night.
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World's most expensive hotel suites
Image: There is a 10-room chamber for guests.Photographs: Reuters
For $25,000 per night, guests staying in the Bridge Suite at Atlantis Paradise Island in the Bahamas occupy a 10-room chamber perched atop a bridge that connects the resort's two buildings.
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World's most expensive hotel suites
Image: There is a complimentary use of Rolls-Royce.Photographs: Reuters
NYC's Plaza Hotel prices its premium suite - the Presidential Suite, which has seven bathrooms and includes complimentary use of the hotel's Rolls-Royce - at $20,000 per night.
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World's most expensive hotel suites
Image: High ceilings and spa bathroom adorn Imperial Suite.Photographs: Reuters
With its high ceilings and spa bathroom, the room rate for the Imperial Suite, the premium suite at Park Hyatt Vend me in Paris, is $20,000 per night.
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