Word: although
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...taken a crippling toll on hotels. In the first seven months of 2009, hotel occupancy was down 10.3% while average daily room rates are off 8.8%, according to Smith Travel Research (STR). At the same time, lodging stocks lost 80% of their value on average over the past year, although many have rallied back a bit in the past couple of months...
...Although revpar has been declining at a slower pace in recent months - slipping 20.4% in May, 18.7% in June and 15.7% in July - Bowers doesn't expect revpar to stop falling until 2011 at the earliest. Butler believes it could be 2013 before the industry significantly rebounds...
...Although lodging stocks have outperformed the broader market in recent months amid signs the recession may be ending, a full rebound is likely years away, experts...
...although Walmart won't admit to targeting specific competitors - "We're just listening to what our customers want," De La Rosa says - it's clear that, under Project Impact, Walmart will make major plays in winnable categories. The pharmacy, for example, has been pulled into the middle of the store, and its $4-prescriptions program has generated healthy buzz. With Circuit City out of business, the electronics section has been beefed up. Walmart is also expanding its presence in crafts. Sales at Michael's Stores, the country's largest specialty arts-and-crafts retailers, have sagged, and Walmart sees...
...Although the report does not mention them by name, it clearly targets French President Nicolas Sarkozy and German Chancellor Angela Merkel, who have both said that Turkey can never be allowed to join the E.U. The two leaders came to power after the E.U.'s unanimous decision in 2004 to formally start accession talks with Turkey. But they instead talk of Turkey having a "privileged relationship" with the E.U. rather than full E.U. membership. (Read "Target Germany: A Second Front in Afghanistan...