Word: hotelful
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...Wall Street Journal. The surprise was that policymakers and bankers had the guts to allow Daewoo to collapse. Daewoo was an icon of Korea's astounding economic miracle. Aside from cars, group companies made trucks, ships and TV sets, brokered stocks and built buildings. The Daewoo-owned Hilton Hotel in Seoul even had a pretty good Italian restaurant. More important, Daewoo invested in industries, like cars, perceived as core to the Korean economy. (See the 50 worst cars of all time...
Boston Bargain. Once a former jail, the The Liberty Hotel in Boston, has got a criminal deal right now. The "Winter Wonderland" package includes a walking map from Beacon Hill to Boston Common, tickets to the Frog Pond skating rink in the Common and, for when you return to the hotel, a complimentary in-room movie and two hot toddies. Finish off your stay with breakfast for two. Rates start at $345, through Feb. 28, 2009. 215 Charles Street, Boston...
Part of the industry's current problem is an oversupply of rooms. Sheraton, for example, is opening up 54 hotels this year, at a rate of one every three weeks, financed in the days when the economy was roaring and money was cheap. As the room glut deepens, hotel builders are slamming on the brakes - there is a 75% increase in projects being stopped. But demand is falling quickly too. "There's [been] nothing like this in history, in terms of falling demand" says Bjorn Hanson an industry analyst with New York University's hotel school. With the strengthening dollar...
...keep the business traveler, hotels are bargaining with corporate travel managers, offering lower room rates than in the past, "I'm hearing that they're doing better in negotiating with hotel pricing," says Caleb Tiller of the National Business Travel Association. He estimates that there will only be a 1% to 4% increase in room rates - "very small compared with years past," he says. Corporate managers are also in a good position to negotiate with hotels for add-ons, like free WiFi, gym use and breakfast...
...first time I went on vacation without my long-term, live-in boyfriend, I went to Seattle and, I must confess, I enjoyed every single second of it. From the posh hotel with the king-sized bed (all mine! no snoring!) to seafood dinners with fabulous friends he's never met to a solo stroll through touristy Pike Place Market, I could not stop smiling...