totally disagree with the last post. i think people are switching from hotels due to the cost of drinks etc . i think people are looking at luxury self catering with the option of eating out some of the week and eating in some of the week. in a nice apartment you can choose good wine etc to drink, and all at much cheaper prices! i think these same people dont go for all inclusive hotels where they are herded around for every meal, all buffets, all recycled food, hot meat day one, cold in a salad day 2!!!
fortunatly, everyone does not want the same type of holiday, but i do think that people will always need/take an annual holiday, and they will cut their cloth to suit. self catering is a great option, which is a very flexible option in this climate!