Yes it is. For me respect means a lot than etiquette. Without respect, etiquette cannot exist. This ‘Etiquette thing’ is a wonderful example of how we have misapplied or purposefully misapplied what it actually means. According to Dictionary, it means:
“conventional requirements as to social behavior”
“proprieties of conduct as established in any class or community or for any occasion”
“a prescribed or accepted code of usage in matters of ceremony, as at a court or in official or other formal observances”
As the dictionary meaning says, we all have to maintain some respect, have some manners while living in a society and maintain a standard of living. It just means, you have to behave in a certain manner so that you don’t cause harm or embarrassment to others. We can’t behave outside in the public the way we behave in our respective houses, that’s where Etiquette comes into picture. 
