Word: hotelmen
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Thicker than Salve. In Miami, the gloom was thicker than the anti-sunburn salve of good years. With many a smaller hotel discreetly advertising steam heat, the bigger hotels plugged morning movies and bridge tournaments for guests unable to stay outside, reported business off 20% to 30%. But some hotelmen quickly slashed rates, even offered free airline transportation for wives. Miami hoped there might still be a long late season, if the weather should moderate. But last week the new 30-day long-range weather forecast predicted subnormal temperatures through mid-March...
Next Year's Hotel. With another better-than-ever season ahead, hotelmen already have a new worry: Where can they get land for more hotels? Hotels now jam every inch of the commercially available beach front; the rest, about one mile of beach front, is zoned for private estates. To build the Fontainebleau and the Eden Roc, waivers had to be secured allowing private-land to be put to commercial use; for its site the Americana had to go six miles north of Lincoln Road-the Beach's main stem-to Bal Harbour, which is, strictly speaking, outside...
...lunched with three of the skeptics-an airline executive and two hotelmen-a week later in a famed Rome restaurant...
Canadians tend to regard the fluctuations of their dollar with a mixture of national pride and realistic concern. When it is at a premium in terms of U.S. funds-as it has been for 3½ years-hotelmen and other businessmen are entitled to collect extra pennies in exchange for U.S. currency, importers can happily use their own valuable dollars for purchases abroad. But the premium is less pleasing to exporters, who must sell their products for U.S. funds but pay their production costs in dearer Canadian dollars. Last week it was the exporters' turn for mild satisfaction...
Outdistanced Boom. Part of the trouble was due to the fact that the number of new suckers had not kept pace with the new gambling facilities. But more important was the lack of experience of the new hotelmen themselves. A well-established casino-hotel that cost $5,000,000 often takes in as much from gambling in just one year. But the hotel must have a fat bank roll, be prepared to take months of heavy losses before its luck turns and it gets the free-spending, heavy-gambling regular clients that are the shock absorbers in the older places...