Word: hotelling
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Beach Bargain. Air Tahiti Nui is offering L.A.-to-Tahiti tickets for $732 round-trip if you stay four nights. Or you could try the airline's Tahiti Lover's Escape package, which includes a room at the Hilton Hotel Tahiti for $898 round-trip from Los Angeles, including breakfast. Book by June 5 for travel through Sept...
...Macau drought could get worse before it gets better. More competition is on the way. Melco Crown on June 1 is slated to open its City of Dreams project in Cotai, across the street from Adelson's Venetian, adding a 520-table casino and a Hard Rock Hotel to the market. Still, some analysts believe Macau's fortunes are starting to improve. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, says that China's economy is strengthening, which could benefit the city's tourism industry. He also notes the Chinese government seems to be loosening its tight visa...
...between Laurence Ho (Pansy Ho's brother) and Australian billionaire James Packer, recently reported it lost $35.3 million in the first quarter, compared with a $43.2 million profit in the same period in 2008. It was the fourth straight quarterly loss for the company, which operates Macau's Altira hotel and casino...
...Hardest hit has been Las Vegas Sands, whose chairman, Sheldon Adelson, envisioned transforming a stretch of reclaimed Macau land called Cotai into a new Las Vegas Strip with a $12-billion development of hotels and casinos. He launched the effort in 2007 with the opening of a 3,000-room Venetian hotel similar to his flagship Las Vegas property. But last year Adelson struggled to find financing for the project. Construction on new hotels was suspended in November, and the company recently said it would cut as many as 4,000 workers from its Macau operations. Late last year...
...some victims' groups, the battle to expose the truth has only just begun. Protesters outside the Dublin hotel where the report was presented to the media (victims and their families were not allowed to attend) said they would pursue their abusers in court and seek criminal prosecutions. To date, more than $193 million in compensation has been paid by the Irish government to victims of abuse in residential institutions...