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...hurdle remains: finding a catalyst for the $700 million second phase of the redevelopment, which includes plans for a 650-room hotel next to the O2. Originally AEG expected to build a supercasino inside, but that idea got nixed by the government. One option is a cruise-ship terminal. AEG and the Port of London Authority are conducting a study to see if the Thames can be suitably dredged to allow the large ships to reach the O2. If given the go-ahead, this would open in time for the start of the 2012 London Olympics. Another possibility...

Author: /time Magazine | Title: The Revival of London's Millennium Dome | 10/26/2007 | See Source »

...government does not break down its hotel count by ownership, but M.N. Javed, deputy director general in charge of hotels at the Ministry of Tourism in Delhi, estimates that some 25% of the country's 121 luxury hotels and about half the 141 five-star properties are independently...

Author: /time Magazine | Title: Move Over, Maharajahs | 10/25/2007 | See Source »

...arrival of low-cost airlines in India has made out-of-the-way locations much more accessible to foreign travelers, and the Internet has provided greater visibility without the hefty marketing budgets of the large hotel groups. They're not for everyone: "The sophisticated spoiled rich traveler may be better off in a big hotel. You have to be able to be a little more accepting" to have a good time at the smaller places, says Denison-Pender. But parents traveling with children, those looking for inside addresses from locals and those who are exhausted by the many tips expected...

Author: /time Magazine | Title: Move Over, Maharajahs | 10/25/2007 | See Source »

...small luxury hotels represent just a corner of the overall market in India, where business is booming. For the luxury and five-star categories, the occupancy rate is 88% during the peak October-to-March tourist season, and it's close to 100% in the largest cities, says Javed. With a total of 89,000 hotel rooms, India is far behind other markets: New York City alone has more than 72,000, and in Asia, Bangkok, for example, counts nearly...

Author: /time Magazine | Title: Move Over, Maharajahs | 10/25/2007 | See Source »

...close the gap, the big hotel groups are currently focused on no-frills hotels in booming economic centers like Bangalore, as well as leased residence hotels. The Indian government, concerned about the shortage driving up prices and eager to create more options by 2010, when India will host the Commonwealth Games, is pushing for families to turn their homes into bed-and-breakfast operations. Faiz Dadarkar, a Jaipur entrepreneur who set up the Jaipur Pride network to match travelers with homestays, was astounded when 4,500 people responded to his billboards in 2005. He organized five training seminars. "We covered...

Author: /time Magazine | Title: Move Over, Maharajahs | 10/25/2007 | See Source »

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